Medical Marijuana Market Statistics 2019-2026: Share Forecasts, Trends & Growth drivers

Medical Marijuana Market by Product Type (Solid, Gas and Dissolvable/Powders), Application (Alzheimer’s Disease, Cancer, Schizophrenia and Multiple Sclerosis), Distribution Channel (Retail & Pharmacy Stores, Online Platforms) and Region - Forecast till 2023Market HighlightsThe Global Medical Marijuana Market is expected to register a CAGR of 34.0% to reach USD 54,677.1 Million by 2023.Marijuana is a plant having some chemical compound “cannabis” that has medical property.

Marijuana plants extracts are used to treat the disease and various conditions caused by the disease such as the central nervous system, cancer, Alzheimer’s and used in anti-aging products.Intended AudienceMedical Marijuana ManufacturersHealthcare ProvidersPharmaceutical CompaniesResearch Institutes and Academic CentersGovernment AssociationsMarket Research and ConsultingAvail a Free Sample@ https://www.marketresearchfuture.com/sample_request/6470 Segment AnalysisThe global medical marijuana market is segmented into product type, application, and distribution channel.

On the basis of product type, the market is segmented into solids, dissolvable/powders, oil, and ointments & creams.

The dissolvable/powders segment is expected to lead the market and register a substantial CAGR to reach USD 22,648.8 million by the end of 2023.

The global medical marijuana market by application is segmented into Alzheimer’s disease, cancer, schizophrenia, and multiple sclerosis.

As per MRFR analysis, the Americas was the largest market for medical marijuana in 2017 and is expected to remain dominant during the review period.

The global Medical Marijuana Market size is expected to value at USD 55.8 billion by 2025.

The market is subject to witness a substantial growth due to the rise in number of medical applications such as pain management, appetite enhancement, and reducing eye pressure.

The Cannabis Sativa and Cannabis indica are naturally found in the western hemisphere and central & south Asian region respectively.

Globally, the medical marijuana industry is predicted to grow at CAGR of 17.1% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.Rise in the approval rate of medical marijuana in different parts of the globe is expected to boost market demand for cannabis in therapeutic applications.

Additionally, growing competition in the market coupled with rising number of mergers and acquisitions in the medical marijuana market is anticipated to stimulate market development over the coming few years.

The technological advancements in the healthcare industry coupled with development of innovative drugs are some of the key factors for sustained market growth.Increasing number of states with lawful legalizing medical marijuana in U.S. and high-end demand for cannabis in medical and recreational applications are predicted to favor market growth over the forecast period.

The global Medical Marijuana Market size is expected to value at USD 55.8 billion by 2025.

The market is subject to witness a substantial growth due to the rise in number of medical applications such as pain management, appetite enhancement, and reducing eye pressure.

The Cannabis Sativa and Cannabis indica are naturally found in the western hemisphere and central & south Asian region respectively.

Globally, the medical marijuana industry is predicted to grow at CAGR of 17.1% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.Rise in the approval rate of medical marijuana in different parts of the globe is expected to boost market demand for cannabis in therapeutic applications.

Additionally, growing competition in the market coupled with rising number of mergers and acquisitions in the medical marijuana market is anticipated to stimulate market development over the coming few years.

The technological advancements in the healthcare industry coupled with development of innovative drugs are some of the key factors for sustained market growth.Increasing number of states with lawful legalizing medical marijuana in U.S. and high-end demand for cannabis in medical and recreational applications are predicted to favor market growth over the forecast period.

The Global Medical Marijuana Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.

These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.

The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Medical Marijuana Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/15056-medical-marijuana-market-reportThe report also covers the complete competitive landscape of the global Medical Marijuana market with company profiles of key players such as:Cannabis Sativa, Inc.CannaGrow Holdings, Inc.Cara Therapeutics Inc.GreenGro Technologies, Inc.Growblox Sciences, Inc.GW Pharmaceuticals plcInternational Consolidated Companies, Inc.Lexaria Corp.United Cannabis CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Applications:Chronic PainArthritisMigraineCancerOthersBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Medical Marijuana Market @ https://www.decisiondatabases.com/contact/download-sample-15056The Global Medical Marijuana Market has been exhibited in detail in the following chapters –Chapter 1 Medical Marijuana Market PrefaceChapter 2 Executive SummaryChapter 3 Medical Marijuana Industry AnalysisChapter 4 Medical Marijuana Market Value Chain AnalysisChapter 5 Medical Marijuana Market Analysis By ApplicationsChapter 6 Medical Marijuana Market Analysis By GeographyChapter 7 Competitive Landscape Of Medical Marijuana CompaniesChapter 8 Company Profiles Of Medical Marijuana IndustryPurchase the complete Global Medical Marijuana Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-15056Other Reports by DecisionDatabases.com:Global Medical Disposables Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Medical Device Connectivity Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Medical Videoscopes Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.

Knight Integrative Medicine, science-based health care approach which provides Medical Marijuana treatment services for the patients to prevent the disease like headache, cancer, and food allergies, Hypertension, Gastrointestinal Disease.

Treatments may include such as yoga, nutrition, diet and exercise.

For more information call now (985) 867-5516.

The Medical Marijuana Market report takes a holistic approach to the market and gives market insights, historical analysis, and verifiable projections pertaining to the market size in the forecast duration.

The estimations derived in this report are deduced by employing precise analytical tools, research methodologies, estimates, and reliable data sources.

The information offered in the report makes it an exhaustive database for all facets of the market categorized into product types, applications, end-user industries, prominent manufacturers, technology, and regional markets.Marijuana is used for treating chronic pain that affects millions of people each year across the globe, thus increasing the demand for the product as a treatment procedure for medical conditions.

Statistically, around 25 million people endure acute pain in the US.

Moreover, several countries around the globe have made medical marijuana legal, i.e., it would allow people to use marijuana for health purposes; therefore, boosting the market for the medical marijuana market.

Additionally, lack of data safety and problem in undertaking medical marijuana business is also estimated to hinder the growth of the market.This report covers the recent COVID-19 incidence and its impact on Medical Marijuana.

This report focuses on top manufacturers in Global Market. The market is subject to witness a substantial growth due to the rise in number of medical applications such as pain management, appetite enhancement, and reducing eye pressure.

The Cannabis Sativa and Cannabis indica are naturally found in the western hemisphere and central & south Asian region respectively.

Additionally, growing competition in the market coupled with rising number of mergers and acquisitions in the medical marijuana market is anticipated to stimulate market development over the coming few years.

The research centers on understanding the various therapeutics benefits that marijuana offers.

There have been positive steps taken by law enforcement agencies and healthcare facilities to legalize the production and the sale of marijuana for medical requirements.Medical marijuana refers to the use of cannabis specifically for treating certain health conditions.

The medical marijuana consists of a chemical component that is known as cannabinoids.

The cannabinoids possess various medicinal properties that can be leveraged and used to treat various illness and symptoms.The global Medical Marijuana market is projected to experience a stunning growth phase during the forecast period with an impressive CAGR of 34.5%.

Additionally, an increasing number of R activities on cannabinoid, funded by private and government entities, are also contributing to its global market growth.On the contrary, the stringent policies of the government, the time-consuming approval process in relation to the use of medical marijuana, and rising recreational and negative usage of marijuana can significantly hamper its expected market growth during the assessment period of 2018 to 2023.Request Free Sample Copy at https://www.marketresearchfuture.com/sample_request/6470Segmentation:The medical marijuana market is segmented as per application, distribution channel, and the route of administration.By application, the market includes cancer, mental health conditions, Alzheimer’s disease, glaucoma, multiple sclerosis, mental health conditions, human immunodeficiency virus, muscle spasms, and acquired immunodeficiency syndrome (HIV/AIDS).

The topical segments poultice, lotions, ointments, creams, and gels.Regional Analysis:The medical marijuana market is geographically segmented into Europe, Asia-Pacific, the Americas, and the Middle East & Africa.The rising prevalence of cancer affected individuals, the increasing adoption and acceptance of marijuana in the healthcare sectors, and the rising expenses for research and development purposes are some of the major factors that have placed Americas as the largest market shareholders.