Europe CBD Patch Market | Qualitative Insights on Application & Outlook by Share, Future Growth 2030
CBD patches are transdermal patches containing cannabidiol (CBD). They slowly release CBD into the bloodstream through the skin. Some people may prefer this CBD delivery system to inhaling vaporized CBD or ingesting it orally via edibles or drinks.
According to a new report published by Data Bridge Market Research, titled, “Europe CBD Patch Market,” The Europe CBD Patch market size is estimated to reach $ 107,561.17 Thousand by 2030, growing at a CAGR of 18.9% from 2021 to 2030.
MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Scope and Market Size
Chapter Three: Analysis and Insights
Chapter Four: Country Level Analysis
Chapter Five: Share Analysis
Chapter Six: Key player
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Some of the key questions answered in this report:
How has the EUROPE CBD PATCH performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the EUROPE CBD PATCH?
- What are the key regional markets?
- What are the key driving factors and challenges in the industry?
- What is the structure of the EUROPE CBD PATCH and who are the key players?
EUROPE CBD PATCH Scope and Market Size
- On the basis of product, the CBD Patch market is segmented into reservoir, matrix and layer drug-in-adhesive. In 2021, reservoir segment is dominating the CBD Patch market due to its use in varied CBD applications and its steady and controlled release for longer period of time.
- On the basis of species, the CBD Patch market is segmented into cannabis indica, hybrid and sativa. In 2021, Cannabis Indica segment is dominating the CBD Patch market due to its high CBD and low THC percentage as compared to sativa and hybrid. As many regions have a limit in the use of THC in products, Cannabis Indica is preferred.
- On the basis of packaging, the CBD Patch market is segmented into two to five patches, single patch and more than five patch. In 2021, two to five patches segment is dominating the CBD Patch market due to its high availability and the discounts offered by manufacturers on a bundle of patches in this range.
- On the basis of dosage, the CBD Patch market is segmented into below 30 mg, 30-40 mg, 40-50 mg and above 50 mg. In 2021, below 30 mg segment is dominating the CBD Patch market as the market is at its initial stages and new consumers start with low dosage and then increase as per the requirement.
- On the basis of derivatives, the CBD Patch market is segmented into cannabidiol (CBD), tetrahydrocannabinol (THC) Others. In 2021, cannabidiol (CBD) segment is dominating the CBD Patch market owing to the restrictions on the tetrahydrocannabinol (THC) content of 0.2-0.318.9% depending on the country of use and also the side effects associated with tetrahydrocannabinol (THC).
- On the basis of application, the CBD Patch market is segmented into chronic pain, anxiety, arthritis, elevate mood, neurological pain and others. In 2021, chronic pain segment is dominating the CBD Patch market due to the increase of cases of chronic pain such as neck pain, shoulder pain, etc and the high availability of patches in the pain relief application.
- On the basis of source type, the CBD Patch market is segmented into natural and synthetic. In 2021, natural segment is dominating the CBD Patch market due to the trust of consumers on the natural products as plant based products are considered safe without any skin problems or allergies.
- On the basis of end use, the CBD Patch market is segmented into homecare setting, research and development centers, hospital, clinics, rehab centers and others. In 2021, homecare setting segment is dominating the CBD Patch market as the CBD product utilization is not yet approved in the hospitals and clinics.
- On the basis of distribution channel, the CBD Patch market is segmented into dispensaries & pharmacies, online and conventional stores. In 2021, dispensaries & pharmacies segment is dominating the CBD Patch market due to its presence and established supply chain from the manufacturer to consumer.
- On the basis of countries, the CBD Patch market is segmented into U.K., Germany, France, Italy, Switzerland, Spain, Belgium, Netherlands, Turkey, Russia and Rest of Europe. In 2021, U.K. is dominating the CBD Patch market due to its developed market and higher manufacturers in the country.
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Market Analysis and Insights: EUROPE CBD PATCH
- Data Bridge Market Research analyses that the market is growing with a CAGR of 18.9% in the forecast period of 2021 to 2028 and is expected to reach USD 107,561.17 thousand by 2028
EUROPE CBD PATCH – Regional Level Analysis
- The countries covered in the CBD Patch market report are the U.K., Germany, France, Italy, Switzerland, Spain, Belgium, Netherlands, Turkey, Russia and Rest of Europe. U.K. dominates the market due to the higher demand and companies facilities for CBD Patch.
EUROPE CBD PATCH – Share Analysis:
- CBD Patch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to CBD Patch market.
Key player – EUROPE CBD PATCH
- The major companies which are dealing in the Europe CBD Patch are Papa & Barkley, Purekana LLC, HEALIST NATURALS, Always Pure Organic Ltd and Snowden Healthcare among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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