The Medical Marijuana Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Medical Marijuana Market : Drivers and Challenges
The global medical marijuana market is anticipated to register a moderate CAGR over a forecast period. The increasing demand of the medical marijuana from the medical industry for the treatment of various ailments or conditions such as pain, neurological problems, appetite of HIV patients and nausea, boost the growth of the global medical marijuana market. The increasing research and development activities for use of medical marijuana in the treatment of carcinogens and other diseases also propel the demand of medical marijuana and drives the global medical marijuana market. The availability of the medical marijuana in the various product forms such as edibles, oils and dermal patches which became the best alternative to the conventional vaporization method, also increases the demand of the medical marijuana and drives the market.
Medical Marijuana Market : Key Players
Some of the major market players in medical marijuana market globally include Medical Marijuana Inc., Abattis Bioceuticals Corp., Cresco Labs, LLC, ABcann Medicinals Inc., Agripharm Corp., Aurora Cannabis Enterprises Inc., Broken Coast Cannabis Ltd., Emerald Health Botanicals Inc., RedeCan Pharm, Tweed Inc. and Whistler Medical Marijuana Corp.
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Medical Marijuana Market : Regional Overview
On the basis of regional presence, the global medical marijuana market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Currently, North America is expected to capture the largest market share for medical marijuana due to high adoption rate and advanced healthcare facilities. Europe, is estimated to capture second largest market share in the medical marijuana market. The medical marijuana market in Asia Pacific and Middle East and Africa has become the most lucrative market and expected to register a high CAGR over the forecast period owing to increase in awareness about the advantages of medical marijuana in medical treatment as well as emerging medical technology companies in upcoming years. Overall, the global medical marijuana market is expected to show a significant growth over a forecast period.
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