Press release
Medical Cannabis Market: Wide Application Area to Propel Demand By 2025 Evalute Global Key Players Medical Marijuana Inc., Insys Therapeutics, Inc., BOL Pharma, Tilray, Medreleaf Corporation, Aurora Cannabis
Medical Cannabis
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Market Dynamics:
According to the Medical Marijuana, Inc., an estimated size of the legal marijuana industry in the U.S. was US$ 7.1 billion in 2016 with increase of 25% Y-o-Y. In 2016, 28 states in the U.S. have legalized marijuana for medicinal purpose with some more gearing up for votes on the recreational use of marijuana. California, Nevada, Maine, and Massachusetts states in November 2016, voted to legalize the recreational use of marijuana. The accelerated pace of legalization of cannabis (marijuana) in the U.S. has attracted the attention of global investors in the medical cannabis market. However, lack of formulation of a comprehensive law pertaining to medical marijuana in some states inhibits patient access to the drug.
Market Taxonomy:
This report segments the global medicinal cannabis on the basis of point of sale, active ingredient and therapeutic application. On the basis of point of sale, the global medical cannabis market is classified into dispensaries, online pharmacy, and hospital pharmacy. Active ingredients of medicinal cannabis include tetrahydrocannabinol (THC) and Cannabidiol (CBD). Therapeutic Application categorized into pain, arthritis, neurological disease, and other applications.
Competitive Insights:
The key players operating in the Global Medical Cannabis Market are;
• BOL Pharma
• Tilray
• Medreleaf Corporation
• Aurora Cannabis, Inc.
• Canopy Growth Corporation
• Insys Therapeutics, Inc.
• Aphria, Inc.
• MGC Pharmaceuticals Limited
• GW Pharmaceuticals, plc
• Medical Marijuana Inc.
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Detailed Segmentation:
Global Medical Cannabis Market, By Point of Sale:
• Dispensaries
• Online Pharmacy
• Hospital Pharmacy
Global Medical Cannabis Market, By Active Ingredient:
• Tetrahydrocannabinol (THC)
• Cannabidiol (CBD)
Global Medical Cannabis Market, By Therapeutic Application:
• Pain
• Arthritis
• Neurological Disease
- Epilepsy
- Multiple Sclerosis
- Other Neurological Applications
• Other Applications
Global Medical Cannabis Market, By Geography:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East
• Africa
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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