Market Overview:
The global dronabinol market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for cannabis-based products, increasing legalization of cannabis across various geographies, and growing awareness about the benefits of cannabinoids. Based on type, the global dronabinol market is segmented into synthetic dronabinol and natural dronabinol. Synthetic Dronabinol accounted for a larger share of the global market in 2017. However, natural Dronabinol is expected to grow at a higher CAGR during the forecast period owing to its numerous health benefits over synthetic Dronabinol. Based on application, the global dronabinol market is segmented into capsule and oral liquid.
Product Definition:
It is used to treat nausea and vomiting caused by chemotherapy, as well as weight loss and poor appetite in people with AIDS.
Synthetic Dronabinol:
Dronabinol, also known as ?9-tetrahydroannabinol, is the chemical used to make marijuana. Dronabinol is a colorless and highly water-soluble solid that exists in two forms; namely, an neutral form and a acidic form. The drug has been studied to be effective in the treatment of cancer patients suffering from nausea and vomiting as it reduces pain.
Natural Dronabinol:
Natural dronabinol is a type of cannabinoid that is found in the hemp plant. Dronabinol (N-DOB) has been studied to be effective in chemotherapy-induced nausea and vomiting. It is also used to treat cancer patients who experience severe nausea as their side effect.
Application Insights:
Oral liquid was the most dominant application of dronabinol followed by capsule. The oral liquid segment accounted for a revenue share of over 70% in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to various factors such as increasing usage of dronabinol for treating anorexia and weight loss coupled with growing awareness regarding treatment options among patients. Capsule is estimated to be the fastest-growing application owing to rising usage in chemotherapy along with other applications such as pain management, neurodegenerative disorders, HIV infection, etc. Growing use of dronabinol capsules in chemotherapy due to its antiemetic properties coupled with low cost is anticipated fuel market growth during the forecast period.
Dronabinol has been studied extensively for medical purposes such as cancer treatment, AIDS dementia complex (ADC) symptoms management, chronic pain conditions and mental disorders including anxiety disorders.
Regional Analysis:
North America dominated the global market in 2017. The rising number of patients suffering from chronic pain and spasticity due to multiple sclerosis, increasing use of dronabinol for appetite stimulation in cancer chemotherapy, and availability of a safe and effective treatment option through prescription are some factors expected to drive the regional market over the forecast period.
Europe is anticipated to be one of the fastest-growing regions owing to an increase in awareness about medical marijuana among patients suffering from HIV/AIDS, cancer, Multiple Sclerosis (MS), Parkinson’s disease (PD), epilepsy, glaucoma & Crohn's disease as well as other conditions. In addition it has been reported that approximately 10% - 25% of people who use cannabis also have a prescription from their doctor allowing them access to cannabis oil or pill which is expected boost revenue growth over the forecast period.
Growth Factors:
- Increasing demand for cannabis-based drugs for the treatment of various medical conditions is expected to drive the growth of the dronabinol market.
- Rising awareness about the benefits of dronabinol is anticipated to boost its demand in the near future.
- Growing research and development activities for new applications of dronabinol is projected to create new opportunities for this market in the coming years.
- The increasing use of dronabinol as an alternative drug to conventional treatments is likely to propel its growth in the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Dronabinol Market Research Report
By Type
Synthetic Dronabinol, Natural Dronabinol
By Application
Capsule, Oral Liquid
By Companies
Canopy Growth, Noramco, KinetoChem, Entourage Phytolab, THC Pharm, Echo Pharmaceuticals, BOL Pharma, Aphios Corporation, Benuvia Manufacturing
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Dronabinol Market Report Segments:
The global Dronabinol market is segmented on the basis of:
Types
Synthetic Dronabinol, Natural Dronabinol
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Capsule, Oral Liquid
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Canopy Growth
- Noramco
- KinetoChem
- Entourage Phytolab
- THC Pharm
- Echo Pharmaceuticals
- BOL Pharma
- Aphios Corporation
- Benuvia Manufacturing
Highlights of The Dronabinol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synthetic Dronabinol
- Natural Dronabinol
- By Application:
- Capsule
- Oral Liquid
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dronabinol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dronabinol is a synthetic form of the psychoactive cannabinoid THC. It is available as an oral medication in pill and liquid form. Dronabinol is used to treat chronic pain, nausea and vomiting caused by cancer chemotherapy, and other conditions.
Some of the major players in the dronabinol market are Canopy Growth, Noramco, KinetoChem, Entourage Phytolab, THC Pharm, Echo Pharmaceuticals, BOL Pharma, Aphios Corporation, Benuvia Manufacturing.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dronabinol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dronabinol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dronabinol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dronabinol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dronabinol Market Size & Forecast, 2018-2028
4.5.1 Dronabinol Market Size and Y-o-Y Growth
4.5.2 Dronabinol Market Absolute $ Opportunity
Chapter 5 Global Dronabinol Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Dronabinol Market Size Forecast by Type
5.2.1 Synthetic Dronabinol
5.2.2 Natural Dronabinol
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Dronabinol Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Dronabinol Market Size Forecast by Applications
6.2.1 Capsule
6.2.2 Oral Liquid
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dronabinol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dronabinol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Dronabinol Analysis and Forecast
9.1 Introduction
9.2 North America Dronabinol Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Dronabinol Market Size Forecast by Type
9.6.1 Synthetic Dronabinol
9.6.2 Natural Dronabinol
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Dronabinol Market Size Forecast by Applications
9.10.1 Capsule
9.10.2 Oral Liquid
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Dronabinol Analysis and Forecast
10.1 Introduction
10.2 Europe Dronabinol Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Dronabinol Market Size Forecast by Type
10.6.1 Synthetic Dronabinol
10.6.2 Natural Dronabinol
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Dronabinol Market Size Forecast by Applications
10.10.1 Capsule
10.10.2 Oral Liquid
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Dronabinol Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Dronabinol Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Dronabinol Market Size Forecast by Type
11.6.1 Synthetic Dronabinol
11.6.2 Natural Dronabinol
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Dronabinol Market Size Forecast by Applications
11.10.1 Capsule
11.10.2 Oral Liquid
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Dronabinol Analysis and Forecast
12.1 Introduction
12.2 Latin America Dronabinol Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Dronabinol Market Size Forecast by Type
12.6.1 Synthetic Dronabinol
12.6.2 Natural Dronabinol
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Dronabinol Market Size Forecast by Applications
12.10.1 Capsule
12.10.2 Oral Liquid
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Dronabinol Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Dronabinol Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Dronabinol Market Size Forecast by Type
13.6.1 Synthetic Dronabinol
13.6.2 Natural Dronabinol
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Dronabinol Market Size Forecast by Applications
13.10.1 Capsule
13.10.2 Oral Liquid
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dronabinol Market: Competitive Dashboard
14.2 Global Dronabinol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Canopy Growth
14.3.2 Noramco
14.3.3 KinetoChem
14.3.4 Entourage Phytolab
14.3.5 THC Pharm
14.3.6 Echo Pharmaceuticals
14.3.7 BOL Pharma
14.3.8 Aphios Corporation
14.3.9 Benuvia Manufacturing
