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Boost in Research Activities to Increase Growth in Global Medical Marijuana Market 2019 – Industry Size, Share, Trends, Business Opportunities and Forecast by 2023

October 1st, 2019 Market Research Future Releases

Medical Marijuana Market – Overview

The benefits of medical marijuana have paved the way for its use, mainly for pain treatment in various diseases. Reports that assess the healthcare industry have been presented by Market Research Future, which creates reports on numerous industry verticals that examine the market progress and forecasts. The market is projected to achieve a CAGR of 35.4% approximately in the duration of the forecast period.

Free Sample PDF Available Here!! https://www.marketresearchfuture.com/sample_request/6470

The growing acceptance of the therapeutic applications of marijuana is expected to define the growth of the medical marijuana market in the coming period. The mounting detection rates of chronic diseases globally has increased the prescription of medical marijuana for pain management that accompanies these ailments. Also, the growing legalization of marijuana in various nations around the world is expected to create advantageous opportunities for growth in the forecast period.

Medical Marijuana Market- Segmental Analysis

The segmental analysis of the medical marijuana market has been segmented on the basis of route of administration, application, region, and distribution channel. Based on the application, the medical marijuana market has been segmented into cancer, multiple sclerosis, muscle spasms, mental health conditions, Alzheimer’s disease, glaucoma, and human immunodeficiency virus, acquired immunodeficiency syndrome (HIV/AIDS). The segmentation of the market for medical marijuana based on the route of administration segment is segmented into topical, oral, inhalation, and sublingual. The topical segment has been further segmented into gels, lotions, creams, ointments, and poultice. On the basis of the distribution channel, the medical marijuana market has been segmented into online platforms and dispensaries. Based on the regions, the medical marijuana market is segmented into the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Medical Marijuana Market – Detailed Regional Analysis     

The regional analysis of the medical marijuana market covers regions such as the Asia Pacific, the Americas, Europe, the Middle East, and Africa. The Americas region is expected to govern the medical marijuana market due to the increasing occurrence of cancer, a growing number of states consenting to the use of marijuana in healthcare and growing spending on research and development of cannabinoids. The European region market is projected to be the next major medical marijuana market. The market development in this region can be accredited to the growing government backing and promising policies for the use of medical marijuana and growing legalization of marijuana by nations in the region. Moreover, the Asia Pacific is projected to be the fastest increasing medical marijuana market through the forecast period due to the mounting prevalence of chronic diseases, intensifying investments in healthcare, a growing number of cancer patients and research & development activities for cancer treatment in the region. The medical marijuana market in the Middle East & Africa region is projected to control the minimum market share owing to an unfledged healthcare sector, the dearth of technical knowledge, and deprived medical amenities.

Medical Marijuana Market – Competitive Analysis

The competitors have adopted diversified plans to increase their chances for success in the market. The creation of great competitive advantages is expected to aid in the development of the market. A substantial ascent in the number of promoters in the market is anticipated to shape a beneficial state of activities for the growth of the market in the forecasted period. The access to vital planned prospects imperative to the resultant stabilization of inflation is likely to produce a promising option for advancement in the forthcoming years. The growth of the market is influenced by the presence of factors that are stimulating the growth of the market. The need to create a sustainable competitive advantage has accelerated the progress of the market in the forecast period. The diversified consumer tastes and trends in the market are anticipated to lead to an escalated development rate in the market. The use of strategic tools to further the development of the market in the coming years.

The outstanding players in the medical marijuana market globally are Aurora Cannabis, Inc., Cannabis Sativa, Inc, GW Pharmaceuticals plc, Medical Marijuana Inc, United Cannabis, Canopy Growth, MGC Pharma, Aphria, Inc., GBSciences, Inc., Tilray, Emerald Health Therapeutics [Canada] Inc., CanniMed Ltd., Cara Therapeutics, and Greengro Technologies.

OBTAIN RESEARCH REPORT DETAILS WITH TOC @ https://www.marketresearchfuture.com/reports/medical-marijuana-market-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:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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