Press Release / Environment / Global Medical Marijuana Market development trends and Forecast 2025
Global Medical Marijuana Market development trends and Forecast 2025
By manjusha girme on October 04 2018 | 677 Views
The report Medical Marijuana Market titled " Global Medical Marijuana Market Analysis by Type, by Application, by Geography” provides an in-depth Analysis of key players in the market by Size, Share
The report provides forecast and analysis of the global medical marijuana market. It provides market overview of global medical marijuana market in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the medical marijuana market and their impact on each country during the forecast period.
Medical marijuana refers to cannabis which are specially recommended by doctors for their patients. Cannabis Indica and Sativa are the two major varieties of the cannabis plant which are used as medicine across the healthcare industry. From these varieties, there are a huge number of individual strains, each with a different cannabinoid profile and medicinal effect.
Rising number of marijuana regulations throughout the globe is one of the key factor propelling the growth of market. With the stream of legalization, the retail and cultivation sectors have evolved dramatically in the healthcare markets. The market has been witnessing a significant growth rate over the past few years owing to rise in public awareness of cannabis for medical use across the globe. Over 500 different chemicals in cannabis could provide numerous therapeutic benefits across the healthcare industry.
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Therefore, increasing clinical studies and research coupled with rising demand for therapeutic applications of marijuana, will surely escalate the growth of market during the forecast period.
Segmentation:
The Global Medical Marijuana Market Analysis and Forecasts to 2025 can be segmented into type, application, and region. Based on the type, the market is classified into pure sativa, hybrid sativa dominant, pure indica, hybrid indica dominant, and others. The benefit of hybridization is that the breeder can attempt to create strains that are profiled accordingly with patient-2019s requirement. Hybrid indica dominant has a largest share owing to its strong body effects that offers better pain relief and also has a wide acceptance across the globe.
By application, the market can be segmented as cancer, chronic pain, glaucoma, insomnia, multiple sclerosis (MS), nausea, depression, and others. Rising investments in R&D, and increasing demand for cannabis in chemotherapy is expected to drive the growth in the APAC market. Moreover, the growing frequency of chronic pains escalates the demand for the medical marijuana across the globe. Companies that include, AusCann Group Holdings Ltd, Creso Pharma Ltd, MGC Pharmaceuticals Ltd., and others with legal Therapeutic Goods Administration (TGA) are mainly concentrating on the chronic pain management, thus enhancing the growth of market.
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Global Medical Marijuana Market Players List:
AusCann Group Holdings Pty Ltd
Botanix Pharmaceuticals
Cann Group Limited
Creso Pharma Ltd
eSense - Lab Ltd.
The Hydroponics Company Limited
Medlab Clinical Ltd.
MGC Pharmaceuticals Ltd.
Roto-Gro International Inc.
Medical Marijuana, Inc.
Regional Overview:
The global medical marijuana market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for medical marijuana in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The global medical marijuana market report includes market size and analysis for all the above-mentioned regions and countries for type, length, and end user.
Major TOC Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Global Medical Marijuana Market – Market Dynamics
Drivers
Restraints
Opportunities
Chapter 4: Global Medical Marijuana Market – By Type
Pure Sativa
Hybrid Sativa Dominant
Pure Indica
Hybrid Indica Dominant
Others
Chapter 5: Global Medical Marijuana Market – By Application
Cancer
Chronic Pain
Glaucoma
Insomnia
Multiple Sclerosis (MS)
Nausea
Depression
Others
TOC to be Continued…
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