Medical Marijuana Market Demand, Business Strategies, Current Trends And Efficient Techniques, Forecast 2027

The global medical marijuana market will grow at a CAGR of 34% during the forecast period 2015 to 2023. The market for medical marijuana is set to reach US$54,677 million by 2023. As per medical marijuana market analysts, the global market is anticipated to witness growth owing to the factors such as the growing awareness about the benefits of medical marijuana as well as the increasing legalization of marijuana. However, the medical marijuana industry will face challenges and restraints due to stringent approval procedures and the presence of strict approval procedures during the forecast period 2015 to 2023.

The expansion of the cannabis industry to prevent cancer in the medical marijuana will support the growth. As per medical marijuana market analysts, the medical marijuana based companies will face certain challenges during the forecast period 2015 to 2023. The medical marijuana market research report provides in-depth analysis of the application, distribution channel, and product type segments. The medical marijuana industry research report presents factors such as concerns regarding side effects that could slow down the medical marijuana market’s growth.

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The medical marijuana industry has been segmented into

  • Application
    • Alzheimer’s disease
    • Cancer
    • Multiple sclerosis
    • Schizophrenia
  • Distribution channel
    • Retail & pharmacy stores
    • Online platforms
    • Others
  • Product type
    • Dissolvable/powders
    • Oil
    • Ointments & creams
    • Solids

Regional Overview

The medical marijuana industry across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the Global medical marijuana research report provides details about the APAC region covering medical marijuana from China, India, Australia, Japan, and others. The medical marijuana is also active across several other parts of the world. The report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global medical marijuana.

The usage of marijuana for recreational purposes may hinder the medical marijuana industry growth. The research report suggests that companies in the medical marijuana could be supported by increasing awareness about the benefits of medical marijuana as well as the growing demand for medical marijuana during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the market is set to witness tremendous growth across application, distribution channel, and product type segments. The global market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the medical marijuana market are also profiled and their strategies have been presented in detail in the medical marijuana market research report.

Medical Marijuana Market Players

  • Canopy Growth Corporation (US)
  • Cannabis Sativa Inc (Nevada)
  • GW Pharmaceuticals Plc (US)
  • Emerald Health Therapeutics Inc. (Victoria, BC)
  • Aphria (Ontario)
  • CanniMed Ltd (Canada)
  • Pfizer Inc. (US)
  • Medical Marijuana Inc(US)
  • GBSciences Inc.( Nevada)
  • MediPharm Labs(US)

among others are some key companies in the global Medical Marijuana that are listed by MRFR for market research.

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1 Report Prologue

2 Market Introduction

2.1 Scope Of Study 14

2.2 Research Objective 14

2.3 List Of Assumptions 14

3 Research Methodology

3.1 Research Process 17

3.2 Primary Research 18

3.3 Secondary Research 19

3.4 Market Size Estimation 20

4 Market Dynamics

4.1 Introduction 22

4.2 Drivers 22

4.2.1 Growing Research And Development Activities And Financial Support By Various Private And

Government Organizations For Cannabinoid Research 22

4.2.2 Rising Prevalence Of Chronic Diseases And Other Medical Conditions 22

4.2.3 Increasing Authorization Of Marijuana For Medical Applications 22

4.3 Restraints 23

4.3.1 Stringent Government Policies 23

4.3.2 Increasing Illegal Use Of Marijuana 23

4.3.3 Side-Effects After The Intense Use Of Marijuana 23

4.4 Challenges 23

4.4.1 Change In Government Regulations For The Use Of Cannabis For Medical Applications 23

TOC Continued…

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