Data Bridge Market Research Adds “Medical Marijuana Market– Industry Trends and Forecast to 2028” new report to its research database. The report spread No of pages : 350 No of Figures: 60 No of Tables: 220 in it. This comprehensive Medical Marijuana Market industry research report includes a brief on these trends that can help the organizations operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market CAGR,Volume, industry share And size, demand and trend growth, key segments, and key drivers and restrains.
New Players in the market are facing tough competition from established international Players as they struggle with technological innovations, reliability and quality issues. The report will answer questions about the current market developments and the scope of competition, opportunity cost and more.
Medical marijuana market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 179,254.20 million by 2027 growing at a CAGR of 34.56% in the above-mentioned forecast period. The plant of marijuana is used in various pharmaceutical companies as raw materials which are used to cure the diseases for central nervous system, cancer, Alzheimer’s and used in anti-aging products.
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The major players covered in the medical marijuana market report are Aurora Cannabis, Canopy Growth Corporation, GW Pharmaceuticals plc, Emerald Health Therapeutics Inc., Tilray, CanniMed Ltd., Cara Therapeutics, Pfizer Inc., Medical Marijuana, Inc., GBSciences, Inc. and MediPharm among other domestic and global players.
Global Medical Marijuana Market, By Product Type (Solids, Dissolvable/Powders, Oil, Ointments & Creams), Application (Alzheimer’s Disease, Cancer, Schizophrenia, Multiple Sclerosis), Distribution Channel (Retail & Pharmacy Stores, Online Platforms, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Competitive Landscape and Medical Marijuana Market Share Analysis
Medical marijuana market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical marijuana market.
The other factors such as growing acceptance of marijuana for medical treatment in many countries, therapeutic applications of the marijuana plant and increasing the authorization of marijuana are anticipated to drive the market growth in the forecast period of 2020-2027.
Extensive approval procedure along with strict government policies and growing scenario of illegal cases of marijuana is hampering the growth of the medical marijuana market in the above mentioned forecast period. On the other hand, legalization of medical marijuana in various countries will further boost various opportunities that will lead to the growth of the medical marijuana market in the above mentioned forecast period.
This medical marijuana market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on medical marijuana market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medical Marijuana Market Scope and Market Size
Medical marijuana market is segmented on the basis of product type, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the medical marijuana market is segmented into solids, dissolvable/powders, oil and ointments & creams.
- On the basis of application, the medical marijuana market is segmented into alzheimer’s disease, cancer, schizophrenia and multiple sclerosis.
- Medical marijuana market has also been segmented based on the distribution channel into retail & pharmacy stores, online platforms and others.
Medical Marijuana Market Country Level Analysis
Medical marijuana market is analysed and market size insights and trends are provided by country, product type, application and distribution channel as referenced above.
The countries covered in the medical marijuana market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical marijuana market due to the increasing cases of Alzheimer disease, cancer, and others in the region.
The country section of the medical marijuana market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Healthcare Infrastructure growth Installed base and New Technology Penetration
Medical marijuana market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical marijuana market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical marijuana market. The data is available for historic period 2010 to 2018.
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