Australia Legal Cannabis Market Overview:

Maximize Market Research, a business research firm has published a report on the “Australia Legal Cannabis Market”. Which provides Industry Analysis (Market Performance, Segments, Price Analysis, and Outlook).

Estimated Growth Rate for Australia Legal Cannabis Market:

size was valued at US$ 51.8 Mn in 2020 and the total revenue is expected to grow at 32.7% through 2021 to 2027, reaching nearly US$ 375.7 Mn.

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Australia Legal Cannabis Market Report Scope and Research Methodology:

Global Radiopharmaceuticals and Nuclear Medicine Type, procedure volume, application, and geography are the segments that make up the market. The type section is further divided into radiopharmaceuticals and diagnostic nuclear medicine. Therapeutic Applications, Other Therapeutic Applications, and Diagnostic Applications make up the application sector. The application sector for SPECT is anticipated to increase at the fastest rate throughout the projected period due to the presence of a well-established imaging market and the widespread use of SPECT radioisotopes for the diagnosis of neurological, cardiovascular, thyroid, and cancer conditions. Geographically speaking, the market is divided into Latin America, Middle East & Africa, Asia-Pacific, North America, and Europe.

The global market for nuclear medicine and radiopharmaceuticals is trending due to rising rates of cancer and heart conditions. But the expensive nature of nuclear medical equipment

Australia Legal Cannabis Market Regional Insights:

Improved dependability and increasing demand drive growth in the Australia Legal Cannabis Market, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions. Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specific Australia Legal Cannabis market needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.

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Australia Legal Cannabis Market Segmentation:

With 84.9% of all sales in 2020, the hemp category dominated the Australian legal cannabis industry. The increase can be attributed to the growing prevalence of conditions like epilepsy and other sleep problems, as well as the growing popularity of hemp-based goods because of their numerous health benefits, like hemp CBD and supplements. In Australia, epilepsy has been diagnosed in over 250,000 persons, according to Epilepsy Action Australia. In addition, demand for hemp-based building materials is anticipated to rise in the future due to the expanding use of these products for a variety of industrial applications and the growing desire for green buildings as a result of environmental degradation.

With 83.2% of revenue coming from industrial applications, the Australian legal cannabis industry was led by this area in 2020. The need for hemp oil and fibres is rising in a number of industries, including textile, food and beverage, automotive, personal care, and construction. It is anticipated that product demand will rise for coatings, putty, fuel, varnishes, oil paints, printing inks, solvents, and chainsaw lubricants. Cannabis is being utilised more and more in non-textile applications to cut down on landfill waste, pollution, and deforestation. A Rodale Institute study from November 2016 states that substituting hemp for plastic made from fossil fuels can help lower the amount of plastic that ends up in landfills and the ocean, as well as the amount of people exposed to the dangerous compounds present in plastic.

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Table of Content: Australia Legal Cannabis Market

Part 01: Executive Summary

Part 02: Scope of the Australia Legal Cannabis Market Report

Part 03: Global Australia Legal Cannabis Market Landscape

Part 04: Global Australia Legal Cannabis Market Sizing

Part 05: Global Australia Legal Cannabis Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Australia Legal Cannabis Market Key Players:

• Cann Group Ltd.
• Zelira Therapeutics
• Aus Cann Group Holdings Pty Ltd.
• Bod Australia
• THC Global Group Limited
• Althea Group Holdings Limited
• Ecofibre Limited
• MGC Pharmaceuticals Ltd.
• Incannex Healthcare (IHL)
• Creso Pharma (CPH)
• Little Green Pharma (LGP)

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Key questions answered in the Australia Legal Cannabis Market are:

• Who are the leading companies and what are their portfolios in Australia Legal Cannabis Market? 
• What segments are covered in the Australia Legal Cannabis Market?
• Who are the key players in the Australia Legal Cannabis market?
• What is Australia Legal Cannabis ?
• What is the growth rate of the Australia Legal Cannabis Market?
• Which are the factors expected to drive the Australia Legal Cannabis market growth?
• What are the different segments of the Australia Legal Cannabis Market?
• What growth strategies are the players considering to increase their presence in Australia Legal Cannabis ?
• What are the upcoming industry applications and trends for the Australia Legal Cannabis Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Australia Legal Cannabis Market?
• What segments are covered in the Australia Legal Cannabis Market?

Key Offerings:

• Past Market Size and Competitive Landscape 
• Past Pricing and price curve by region
• Market Size, Share, Size & Forecast by different segment 
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

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