Medical Marijuana Market Innovations, Process Technology and Briefing 2020

Medical Marijuana Market: Information 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 2023

Market Highlights

The 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. This plant is used as a raw material by various pharmaceutical companies to manufacture drugs for various therapeutic applications. 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.

Avail a Free Sample@ https://www.marketresearchfuture.com/sample_request/6470

The rising prevalence of chronic diseases, growing therapeutic applications of the marijuana plant, growing acceptance of marijuana for medical treatment in many countries, and increasing the authorization of marijuana are anticipated to drive the market growth.

The American accounts the largest market share in 2017. Followed by America, Europe holds the second position and represents 5.5% of the entire market. Europe holds the second position owing to the increasing demand of marijuana for the treatment of neural problems and various chronic diseases. In Europe, West Europe holds the largest share. Whereas the Asia-Pacific is expected to register the fastest CAGR. 

Segment Analysis

The 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. Due to the affordability and convenience in using drives, the demand for this segment. The global medical marijuana market by application is segmented into Alzheimer’s disease, cancer, schizophrenia, and multiple sclerosis. On the basis of distribution channel, the market is segmented into retail & pharmacy stores, online platforms, and others.

Regional Analysis

Geographically, the global medical marijuana market has been segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa. 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. Europe accounted for a significant market share and is projected to be the second-largest market during the forecast period. Major factors influencing the growth of the market increasing demand for marijuana-based medicines for the treatment of chronic diseases such as Alzheimer, Cancer, and respiratory problems. The Asia-Pacific medical marijuana market is one of the fastest growing regions across the globe.

Key Findings of the Study:

  • The Global Medical Marijuana Market is projected to reach over USD 54,677.1 Million by 2023 at 0% CAGR during the review period of 2018 to 2023.
  • Americas accounted for the largest market share with North America being the major contributor to the growth of the market.
  • By product type, the dissolvable/powders segment is projected to register the highest CAGR of 34.4% during the forecast period due to its ease of use.
  • Key manufacturers are adopting geographic expansions, corporate acquisitions, and product launches as growth strategies. Moreover, they are focusing on e-commerce for distribution.

Intended Audience

  • Medical Marijuana Manufacturers
  • Healthcare Providers
  • Pharmaceutical Companies
  • Research Institutes and Academic Centers
  • Government Associations
  • Market Research and Consulting

 

Access Report Details @  https://www.marketresearchfuture.com/reports/medical-marijuana-market-6470

The report for Global market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.

Market Players

Market Research Future (MRFR) recognizes Canopy Growth Corporation (US), Cannabis Sativa Inc (Nevada), GW Pharmaceuticals Plc (US), Emerald Health Therapeutics Inc. (Victoria, BC), Tilray (Nanaimo, BC), Aphria (Ontario), CanniMed Ltd (Canada), Cara Therapeutics (US), Pfizer Inc. (US), Medical Marijuana Inc(US), GBSciences Inc.( Nevada) and MediPharm Labs(US).as the key players in the global medical marijuana market.

TOC:

1.    Report Prologue    

2.    Market Introduction    

      2.1    Definition    

      2.2    Scope of the Study    

            2.2.1    Research Objective    

            2.2.2    Assumptions    

            2.2.3    Limitations    

3.    Research Methodology

      3.1    Introduction

      3.2    Primary Research    

      3.3    Secondary research

      3.4    Market Size Estimation

TOC…Continued

Ask Questions to Expertise @ https://www.marketresearchfuture.com/enquiry/6470

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Us:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

Phone: +1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Industry Data Analytics

mhealth Applications Market Share, Trends And Growth Analysis By Type, Applications

mhealth Applications Market Share, Trends And Growth Analysis By Type (Monitoring Applications, Diagnosis & Treatment, Education & Awareness, Healthcare Management, Wellness & Prevention, And Others) - Forecast To 2023. Global mHealth Applications Market - overview The Global mHealth applications market is growing with a rapid pace. According to a recent study report published by the Market Research Future, the Global mHealth applications market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2023, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017-2023). Avail a Free Sample@ https://www.marketresearchfuture.com/sample_request/3195 Technology is transforming the entire world and healthcare is not exception for it. Digital innovation and technological advancement is helping to put healthcare t
Read more

Ischemic stroke market Factors and Industry Growth Dynamics 2019 to 2023

  Ischemic stroke market research report: by diagnosis (CT, MRI, carotid ultrasound, cerebral angiography), drug class (tissue plasminogen activator, anticoagulant, antiplatelet, antihypertensive), surgery, end user – Global forecast till 2023 Market Highlights Ischemic strokes occur as a result of an obstruction within a blood vessel supplying blood to the brain. The underlying condition of this type of obstruction is the development of fat deposits lining the vessel walls, which is known as atherosclerosis. According to the World Health Organization (WHO), stroke accounts for around 17 million deaths annually. As per the Centers for Disease Control and Prevention (CDC), stroke leads to 1 out of every 20 deaths costing around USD 34 billion each year in the U.S. Higher rates of mortality associated with strokes highlight an impending need for innovative drugs and diagnostic devices. Avail a Free Sample@ https://www.marketresearchfuture.com/sample_request/5423 Regional Analysi
Read more

Global Epigenetics Market Expected to register a CAGR of 8.1% to reach the value of USD 4,931 million by 2023

  Global Epigenetics Market Information; by Instruments (NGS, spectrometer, PCR, software solutions and others), by Consumables (kit, enzymes, reagent, and others), by Application (oncology, developmental biology, drug discovery, cardiology, immunology and others), by Technology (methylation, histone modification and others), by End Users (academia and research, pharmaceutical and biotechnology industry and others) - Forecast to 2023 Market Scenario: Epigenetics is the analysis and study of heritable changes in gene function not involving changes in the DNA sequence such as changes in a chromosome, phenotypic affecting gene activity, and expression. The global epigenetics market is valued at USD 800 million in 2016 and is expected to expand at a 12.9 % CAGR during the study period of 2016 to 2023. Avail a Free Sample@  https://www.marketresearchfuture.com/sample_request/6161 Market Dynamics: Oncology Segment Is Expected To Be The Largest Driver Of Market Growth The growing incidence of
Read more