Medical Marijuana Market Analysis Focusing on Top Key Players – Canopy Growth, Aurora Cannabis, Inc., Medical Marijuana, Inc., GW Pharmaceuticals, Aphria, Inc., CanniMed Ltd., Tilray, Emerald Health Therapeutics & More

MarketStudyReport.com Adds New Medical Marijuana Market 2018 – 2024 research report providing information and data By Application, By Route of Administration, By Distribution Channel, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 150 Pages with table and figures in it.

Medical Marijuana Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 36% CAGR to 2024.

Medical Marijuana Market will exceed USD 55.0 billion by 2024; as per a new research report. Increase in number of geriatric people suffering from chronic pain caused due to neurology diseases, cancer, HIV/AIDS and arthritis will propel the medical marijuana market growth over the forecast period. According to the Boston University, School of Public Health, about 1 in 5 or 1,500 million people suffer from chronic pain, through the prevalence increasing with age globally.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1230590/

Currently, 29 states in the U.S. along with Washington D.C. have approved the application of marijuana for medicinal purpose. The number of states in the U.S. receiving approval for medical marijuana use is expected to increase swiftly, hence drive the market growth. Furthermore, other emerging countries such as Israel and Australia have also contributed towards the growth of the market by approving the medicinal use of marijuana. Various ongoing research and development projects are also going in these countries to support the application of medical marijuana in the treatment of a range of conditions.

Medical marijuana muscle spasms market segment is estimated to witness a CAGR of around 35% during the forecast period. The main cause of muscle spasm is multiple sclerosis; and around 90% patients with multiple sclerosis develop muscle spasms. Increasing prevalence of multiple sclerosis with an estimated 2.5 million people affected by the same will boost market growth.
The medical marijuana inhalation market segment was valued at USD 5,348.7 million in 2017 owing to controlled dosage rates and better absorption of medical marijuana into the body. In addition, the effects of inhaling marijuana can be perceived in few minutes of its administration with high peak concentrations, hence making it the preferred route of administration for medical marijuana.

Online medical marijuana market segment is forecasted to expand at a CAGR of 36.8% owing to factors such as availability of variety products, convenience, competitive costs and privacy. Furthermore, with online medical marijuana products, one can take advantage of an effective customer service and outstanding product knowledge, hence will boost the medical marijuana sales.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1230590/

Some of the prominent industry players in medical marijuana market are Canopy Growth, Aurora Cannabis, Inc., Medical Marijuana, Inc., GW Pharmaceuticals, Aphria, Inc., CanniMed Ltd., Tilray, Emerald Health Therapeutics, and MedReleaf Corp., among others. Increasing research and development activities undertaken collaboratively by these companies could bring few novel medical marijuana products to the market in the coming future. In addition, strategic mergers and acquisitions will also aid companies to expand the market in various geographies in order to sustain in the competitive market.

Table of Content:

Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Medical Marijuana Industry Insights
Chapter 4. Medical Marijuana Market, By Application
Chapter 5 Medical marijuana Market, By Route of Administration
Chapter 6. Medical marijuana Market, By Distribution Channel
Chapter 7. Medical marijuana Market, By Region
Chapter 8. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/medical-marijuana-market

Related Report:

United States Medical Marijuana Market Report 2018

In this report, the United States Medical Marijuana market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-medical-marijuana-market-report-2018/?utm_source=RR-PSR

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

This release was published on openPR.