Medical Marijuana Market Report shows the proficient data about industry size and share with respect to top manufacturers analysis like Aphria Inc.,Aurora Cannabis Inc.,Cannabis Sativa Inc.,Canopy Growth Corp.,Cronos Group Inc.,GW Pharmaceuticals Plc,mCig Inc.,Medical Marijuana Inc.,United Cannabis Corp.,and Vivo Cannabis Inc.
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Medical Marijuana Market Overview:
Medical Marijuana Market analysis considers sales from chronic pain, nausea, and other applications. Our study also finds the sales of medical marijuana in APAC, Europe, MEA, North America, and South America. In 2019, the chronic pain segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the high prevalence of chronic pain among adults in the US will play a significant role in the chronic pain segment to maintain its market position. Also, our global medical marijuana market report looks at factors such as the rising number of product launches, an increasing number of medical marijuana dispensaries, and plans to increase production and availability of medical marijuana by governments. However, side effects associated with inappropriate use of medical marijuana, accessibility issues and high price associated with medical marijuana, and stringent regulations may hamper the growth of the medical marijuana industry over the forecast period.
Global “” market growth prospects report shows market dynamics, industry size and shares over the coming years and discussion of the key manufacturers effective in this market. Medical Marijuana market report focuses on the increase in future revenue and profitability with the help of insights into future opportunities, challenges, and critical success factors. The report aims to deliver an opportunity for companies to recognize the modern trends, present Medical Marijuana market situation, government initiatives, and technologies related to the market.
Global Medical Marijuana market size is estimated to grow at CAGR of over 24% with Revenue USD 22.33 billion during the forecast period 2020-2024. The “YOY (year-over-year) growth rate for 2020 is estimated at 23.67%” by the end of 2024.
Top Manufacturers of Medical Marijuana Market Report Are:
- Aphria Inc.
- Aurora Cannabis Inc.
- Cannabis Sativa Inc.
- Canopy Growth Corp.
- Cronos Group Inc.
- GW Pharmaceuticals Plc
- mCig Inc.
- Medical Marijuana Inc.
- United Cannabis Corp.
- and Vivo Cannabis Inc.
Global Medical Marijuana Market size is providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. The Global Medical Marijuana market trends and marketing channels are analyzed in this study. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
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Market Dynamics of Global Medical Marijuana Market:
Driver: Plans To Increase The Production And Availability Of Medical Marijuana By Governments.
Trend: Increase In Funding For Research And Production Of Medical Marijuana
Challenges: Growth Of This Market Is The Side Effects Associated With The Inappropriate Use Of Medical Marijuana.
Increase production and availability of medical marijuana by governments
The increasing demand for marijuana from dispensaries and patients for medical applications is encouraging marijuana growers and government organizations to improve access to legal marijuana for medical research. This is encouraging various governments such as the US government to issue plans to legalize the production of marijuana and expand the number of entities that are certified to grow marijuana plants. This will allow users to place orders for medical marijuana products. Thus, the plans to increase the production and availability of medical marijuana by governments will lead to the expansion of the global medical marijuana market at a CAGR of over 24% during the forecast period.
Increase in funding for research and production of medical marijuana
The legalization of medical marijuana in many countries has provided vendors with opportunities to find new medicinal uses of marijuana. Government organizations in many countries are focusing on funding research on medical marijuana. Some of the vendors are also receiving funds for expanding the production of medical marijuana. For instance, the Department of Health in Australia announced funding for research on the use of marijuana to help cancer patients. This development is expected to have a positive impact on the overall market growth.
What Medical Marijuana Market Report Delivers:
- Comprehensive analysis of the global as well as regional markets of the Medical Marijuana market.
- Complete coverage of all the segments in the Medical Marijuana market to analyze the trends, developments in the global market and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in the global Medical Marijuana market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- The growth matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Key Benefits of Medical Marijuana Market Report:
- Major countries in each region are mapped according to individual market revenue.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- The report includes an in-depth analysis of current research and developments within the market.
- Key players and their key developments in the recent years are listed.
Important Regions Covered in the Medical Marijuana Market:
- Americas
- APAC
- EMEA
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List of Exhibits in Medical Marijuana Market Report:
- Exhibit 01: Prominent vendors and product offerings
- Exhibit 02: Impact of drivers
- Exhibit 03: Impact of drivers and challenges
- Exhibit 04: Key countries in each region
- Exhibit 05: Global Market shares by geographies 2020
- Exhibit 06: Global Medical Marijuana Market shares by geographies 2024
- Exhibit 07: Geographical segmentation by revenue 2020
And Continued…
Some Major Point Cover in this Medical Marijuana Market Report are: –
- What will the market growth rate, Overview and Analysis by Type of Medical Marijuana market in 2024?
- What are the key factors driving, Analysis by Applications and Countries Medical Marijuana market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Medical Marijuana market?
- Who are Opportunities, Risk and Driving Force of Medical Marijuana market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
- Who are the key vendors in Medical Marijuana market space? Business Overview by Gross Margin and Market Share, Type and Applications
- What are the Medical Marijuana market opportunities and threats faced by the vendors in the Medical Marijuana market?
Detailed TOC of Medical Marijuana Market Forecast Report 2020-2024:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for USD
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value chain analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
- Market outlook
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY Product Type
- Market segmentation by product
- Comparison by product
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- Asia – Market size and forecast 2019-2024
- ROW – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE
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