Medical Marijuana Market Demands, Supply and Forecasts To 2025

21^st January 2020 – The Medical Marijuana Market report presents a widespread and elementary study of Medical Marijuana business at the side of the analysis of subjective aspects which is able to give key business insights to the readers. Worldwide Medical Marijuana Market 2022 analysis report offers the analytical read of the business by learning various factors like Medical Marijuana market growth, consumption volume, market trends and Medical Marijuana business price structures throughout the forecast amount from 2012 to 2022.

The global Medical Marijuana Market size is expected to value at USD 55.8 billion by 2025. The market is subject to witness a substantial growth due to the rise in number of medical applications such as pain management, appetite enhancement, and reducing eye pressure. Medical marijuana is broadly classified into two types based on their orientation such as Cannabis Sativa and Cannabis indica. The Cannabis Sativa and Cannabis indica are naturally found in the western hemisphere and central & south Asian region respectively. Globally, the medical marijuana industry is predicted to grow at CAGR of 17.1% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.

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Rise in the approval rate of medical marijuana in different parts of the globe is expected to boost market demand for cannabis in therapeutic applications. Additionally, growing competition in the market coupled with rising number of mergers and acquisitions in the medical marijuana market is anticipated to stimulate market development over the coming few years. The technological advancements in the healthcare industry coupled with development of innovative drugs are some of the key factors for sustained market growth.

Increasing number of states with lawful legalizing medical marijuana in U.S. and high-end demand for cannabis in medical and recreational applications are predicted to favor market growth over the forecast period. Rise in the number of research and development activities in North America and Europe is also expected to fuel the demand for the drug in the near future.

Growing awareness of medical marijuana among general population coupled with increasing preference amongst the academic researchers and healthcare professionals associated with the therapeutic uses of marijuana are considered as the significant factors, which are propelling the market expansion over the coming years. Some of the potential therapeutic application of the medical marijuana are vomiting & nausea, pain relief, and appetite stimulation. Increasing adoption of medical marijuana providing pain relief for the patient suffering from HIV/AIDS, glaucoma, cancer, and multiple sclerosis diseases is projected to escalate market growth in the upcoming years. Therapeutic is one of the key application of the drug, thus propelling the market over the forecast period.

The key players in the medical marijuana industry are Cara Therapeutics Inc., Cannabis Sativa, Inc., CannaGrow Holdings, Inc., United Cannabis Co., Growblox Sciences, Inc., GreenGro Technologies, Inc., GW Pharmaceuticals plc, International Consolidated Companies, Inc., and Lexaria Co.

Key Questions Answered:

-What is the industry size and rising rate of the market for particular regions?

-What is the market size and development rate of the global and regional market by various segments?

-Which region is expected to drive the market by the forecast period?

-What are the key technological and industry trends affecting the market?

-What are the significant key players performing in the market?

-What factor are estimated in drive and restrain the market growth?

-What are the key opportunities in the market?

-Which company accounted for the highest market share?

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