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. Side effects of the products include dizziness, fatigue, speech problem, constipation, and insomnia will hamper the growth of the 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. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
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In market segmentation by manufacturers, the report covers the following companies
Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, Insys Therapeutics, Inc., MedReleaf Corporation, and GW Pharmaceuticals PLC.
The market intelligence study outlines essential details of the market and the leading companies that hold a substantial portion of the global sector. Apart from this, the report also gives descriptive company profiles, including vital data relating to these companies.
For the purpose of this report, Reports and Data have segmented the global Medical Marijuana Market on the basis of Product Type, Route of Administration, Distribution Channel, Medical Application, and Region:
Product Type Outlook (Revenue, USD Billion; 2016-2026)
- Oil
- Buds
- Tinctures
Medical Application Outlook (Revenue, USD Billion; 2016-2026)
- Chronic Pain
- Mental Disorders
- Anorexia
- Seizures
- Muscle Spasm
- Cancer
- Others
Route of Administration Outlook (Revenue, USD Billion; 2016-2026)
- Inhalation
- Oral
- Intravenous
- Topical
Distribution Channel Outlook (Revenue, USD Billion; 2016-2026)
- Dispensaries
- Online
The Medical Marijuana market intelligence study includes a separate section dedicated to crucial parameters like the pricing structure of vital feedstock and value chain analysis, along with the study of major suppliers of the raw materials. It also offers other pivotal information about the Medical Marijuana market as part of a wide-ranging analysis of the supply chain, along with other aspects like prominent distributors and the consumer base.
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Regional analysis: Based on geography, the market has been categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
How does our report help you?
- By providing well-researched insights based on trends observed in the sector
- By defining and analyzing the current market scenario
- By identifying promising growth prospects and growth rate of major market segments and sub-segments
- By examining business verticals and products available in the industry, to draw insights from the competitive dynamics of the market
- By undertaking effective strategic planning and industry dynamics to facilitate constructive decision-making.
The report emphasizes the following key questions:
- What are the most lucrative and promising growth prospects for the market?
- Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
- Which geographies are estimated to exhibit the highest growth and the underlying causes?
- Which factors are impacting the future of the market and what are the driving factors?
- What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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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.
Medical Marijuana Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Medical Marijuana Market include ABcann Medicinals, Inc., Aurora Cannabis, Inc., Aphria, Inc., Aurora Cannabis, Inc., Cannabis Sativa Inc., Emerald Health Therapeutics, Canopy Growth Corporation, and Green Relief Inc..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Medical Marijuana Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/medical-marijuana-market/download-sampleMarket SegmentationThe broad Medical Marijuana Market has been sub-grouped into the Application, Route of Administration, Distribution Channel and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
