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Medical Marijuana Market- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025
Global Medical Marijuana Market
Global Medical Marijuana Market Highlights:
Medical marijuana refers to cannabis which are specially recommended by doctors for their patients. Cannabis Indica and Sativa are the two major varieties of the cannabis plant which are used as medicine across the healthcare industry. From these varieties, there are a huge number of individual strains, each with a different cannabinoid profile and medicinal effect.
Rising number of marijuana regulations throughout the globe is one of the key factor propelling the growth of market. With the stream of legalization, the retail and cultivation sectors have evolved dramatically in the healthcare markets. The market has been witnessing a significant growth rate over the past few years owing to rise in public awareness of cannabis for medical use across the globe. Over 500 different chemicals in cannabis could provide numerous therapeutic benefits across the healthcare industry. Therefore, increasing clinical studies and research coupled with rising demand for therapeutic applications of marijuana, will surely escalate the growth of market during the forecast period.
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Global Medical Marijuana Market Segmentation:
The Global Medical Marijuana Market Analysis and Forecasts to 2025 can be segmented into type, application, and region. Based on the type, the market is classified into pure sativa, hybrid sativa dominant, pure indica, hybrid indica dominant, and others. The benefit of hybridization is that the breeder can attempt to create strains that are profiled accordingly with patient requirement. Hybrid indica dominant has a largest share owing to its strong body effects that offers better pain relief and also has a wide acceptance across the globe.
Global Medical Marijuana Market by application
The market can be segmented as cancer, chronic pain, glaucoma, insomnia, multiple sclerosis (MS), nausea, depression, and others. Rising investments in R&D, and increasing demand for cannabis in chemotherapy is expected to drive the growth in the APAC market. Moreover, the growing frequency of chronic pains escalates the demand for the medical marijuana across the globe.Companies that include, AusCann Group Holdings Ltd, Creso Pharma Ltd, MGC Pharmaceuticals Ltd., and others with legal Therapeutic Goods Administration (TGA) are mainly concentrating on the chronic pain management, thus enhancing the growth of market.
Global Medical Marijuana Market Major Players List:
• AusCann Group Holdings Ltd
• Botanix Pharmaceuticals Limited
• Creso Pharma Ltd
• Hydroponics Co. Ltd.
• Medlab Clinical Ltd
• MGC Pharmaceuticals Ltd.
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Regional Overview:
The global medical marijuana market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for medical marijuana in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The global medical marijuana market report includes market size and analysis for all the above-mentioned regions and countries for type, length, and end user.
Major TOC for Global Medical Marijuana Market
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3:– Global Medical Marijuana Market – Market Dynamics
• Drivers
• Restraints
• Opportunities
Chapter 4: Global Medical Marijuana Market – By Type
• Pure Sativa
• Hybrid Sativa Dominant
• Pure Indica
• Hybrid Indica Dominant
TOC Continued…!
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