openPR Logo
Press release

Medical Marijuana Market report for 2018-2024 - Top Companies | Canopy Growth, Aurora Cannabis, Inc., Medical Marijuana, Inc., GW Pharmaceuticals, Aphria, Inc., CanniMed Ltd., Tilray, Emerald Health Therapeutics, and MedReleaf Corp

01-19-2019 11:39 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Medical Marijuana Market

Medical Marijuana Market

Medical marijuana market to register an appreciable CAGR of 36% over 2018-2024, Germany to emerge as a vital regional contender.

A news that has lately set the global medical marijuana market ablaze, is that of the Canadian Government passing the Cannabis Act for the official legalization of the marijuana drug. According to reports, Justin Trudeau, the Canadian Prime Minister, has set October 17, 2018 as the official date for the announcement, following which adult marijuana will be available for the sale in authorized dispensaries. After Uruguay, Canada is only the second country in the world, and the first among the G7 nations to permit a legal market for marijuana. The instance clearly throws light on the vast market potential Canada will be holding for investors of both medical and recreational marijuana.

Meanwhile in the United States, reports claim that marijuana is legalized for medical purposes in 30 states and Puerto Rico, the District of Columbia, and Guam. Reliable studies have demonstrated the effective usage of medical marijuana in the treatment of chronic pain, migraines, and melancholia. The drug moreover, is also used in relieving the symptoms of multiple sclerosis, HIV/AIDS, glaucoma, and cancer. This in turn has substantially backed the modifications & relaxations in the drug policies of several governments. The National Health Interview Survey (NHIS), has estimated that there are around 25 million people across the U.S. suffering from pain on daily basis that in turn has triggered a surge regional medical marijuana market share & legalization of the drug for therapeutic purposes in the recent years. The relaxations in the law have also uplifted several companies to pour billions of dollars in research as well as in the commercialization of the product.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/2836

Recently for instance, WeedMD Inc., a licensed producer and distributor of medical cannabis has announced that it has collaborated with Revive Therapeutics Ltd. to focus on research and development & commercialization of novel cannabinoid-based therapies. Reports reveal that WeedMD will supply Revive with cannabidiol (CBD) and delta-9-tetrahydrocannabinol (THC), which are the two main chemicals used for medical purposes that will in turn evaluate the treatment of liver disease, autoimmune hepatitis, and non-alcoholic steatohepatitis.

In another turn of events, WeedMD, has also signed a joint agreement with Phivida Holdings Inc., to develop & operate Cannabis Beverages Inc., at its Strathroy-based greenhouse facility, Ontario. According to reports, the joint venture will focus on product manufacturing, marketing, development, and supply of cannabis-infused beverages for Canada as well as to licensed international markets. The CBD-infused products market valuation in Canada alone is about USD 5.6 billion – according to the Consumer Health Products Canada. And the duo, leveraging the proven product demand, is expected to position themselves well enough in the growing marijuana market.

The presence of such a large number of recreational and medical marijuana companies in Canada, have indeed significantly impelled the Canada medical marijuana market. Reports further claim that the Canada medical marijuana market is forecast to register a CAGR of 32% over 2018-2024. Across the European continent, Germany being the first country to legalize medical marijuana recently in 2017, is expected to be a lucrative investment spot for potential stakeholders. Having accounted for USD 805.5 million in 2017, the Germany medical marijuana industry is projected to grow at a striking rate of 49.5% over 2018-2024.

The rigorous relaxations and modifications in drug policies to increase the access to the drug from several countries have led to an extraordinary expansion of the online medical marijuana market. The legalization has further paved way for customers & patients to opt for more convenient ways such as mail orders. The online buying process is further gaining traction, given the complete privacy and discreetness this distribution channel provides.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/2836

All in all, with support from the regional governments and emergence of new business opportunities through e-commerce, this market is expected to emerge as one of the most profitable business spaces of its time. Further shedding light on the commercialization matrix, a report by Global Market Insights, Inc., claims the global medical marijuana industry to hit USD 55 billion by 2024.

Medical marijuana market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Medical Marijuana Market by Application
• Pain Management
o Neuropathic Pain
o Cancer Pain
o Others
• Muscle Spasms
• Nausea
• Anorexia
• Seizures
• Others

Medical Marijuana Market by Route of Administration
• Inhalation
• Oral
• Topical

Medical Marijuana Market by Distribution Channel
• Dispensaries
• Online

The above information is provided for the following regions/countries:
• North America
o U.S.
o Canada
• Europe
o Germany
o Italy
o UK
o Czech Republic
o France
o The Netherlands
o Rest of Europe
• Latin America
o Argentina
o Chile
o Peru
o Colombia
• Rest of the World
o Australia
o Israel

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Blog : http://news-researchers.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Marijuana Market report for 2018-2024 - Top Companies | Canopy Growth, Aurora Cannabis, Inc., Medical Marijuana, Inc., GW Pharmaceuticals, Aphria, Inc., CanniMed Ltd., Tilray, Emerald Health Therapeutics, and MedReleaf Corp here

News-ID: 1514369 • Views: 500

More Releases from Global Market Insights, Inc.

Dry Type Transformer Market 2019 | Top Players are ABB, Siemens, GE, Raychem, To …
Dry Type Transformer Market is expected to surpass USD 9 billion by 2024. Ability to offer efficient noiseless operations coupled with economical cost structure will propel the industry growth. Expansion of low and medium voltage renewable networks along with applicability across underground substations will boost product penetration. The technology finds wide application across industrial establishments due to its lower toxicity over other conventional counterparts. Thereby, increasing demand for sustainable units
Hybrid Solar Wind Market Revenue & Growth Analysis By Top Manufacturers - Alpha …
High urge for reliable power supply along with strict legislations to curb the release of GHG in the atmosphere will push hybrid solar wind market growth. Moreover, favorable government policies encouraging the use of renewable energy along with strict regulation executions for reducing power consumption is expected to positively influence the industry growth. According to a report by Global Market Insights, Inc., “Hybrid solar wind market value is forecast to
Advanced Energy Storage Systems Market 2019 | Top Players are Furukawa Battery C …
Global Advanced Energy Storage Systems Market size is projected to surpass 11.36 Giga Watts by end of 2022 and predicted to register CAGR of more than 15.1% during forecast timeline. Increasing concerns over power conservation and change in focus towards renewable energy sources is predicted to promote industry growth. Constant efforts by firms like Halotechnics, GE Renewable Energy and General Compression to introduce changes in the technology is predicted to promote
Butane Market report 2019 | Valero Energy Corporation, Royal Dutch Shell, Tyumen …
Global Butane Market size is predicted to surpass 266 million tons with projected gains higher than 2.8%. Rising LPG (liquefied petroleum gas) demand due to its acceptance as domestic fuel, specifically in APAC and Africa, is projected to promote global industry trends. Governments all across the globe are encouraging its usage to reduce greenhouse emissions and coal dependency. They are providing subsidy on LPG to promote its usage as domestic

All 5 Releases


More Releases for Medical

Affordable Medical Cover Plans
Taking great care of health is important, but it does not assure a healthy life. Even after taking all the precautions, people can still get unwell due to various reasons. Unfortunately, medical treatment is not always affordable for everyone. Losing loved ones due to lack of money is the worst nightmare for any person. Luckily, now you can cover your whole family for medical treatment by purchasing affordable medical covers
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Global Medical Aesthetics Market
The Global Medical Aesthetics Market is expected to reach USD 26.53 billion by 2024 from USD 10.12 billion in 2016, at a CAGR of 12.8% in the forecast period 2017 to 2024. “Global Medical Aesthetics Market”, By Product Type (Aesthetic Laser Devices, Energy Devices, Skin Tightening & Body Contouring Devices, Aesthetic Implants, Facial Aesthetic Devices), Applications (Anti-Aging & Wrinkles, Facial & Skin Rejuvenation, Vascular Lesions, Body Shaping & Cellulite, Breast
Medical Ventilators – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Medical Ventilators’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Medical Ventilators market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Medical Ventilators market growth. It takes into account aspects such as drivers, restraints, challenges, and
Medibmls-Medical Encyclopedia
The Medibmls Medical Encyclopedia contains public health information for patients and others about medical laboratory tests and general healthcare. This medical encyclopedia is developed to provide patients and others with background information about laboratory tests and health as part of the healthcare sector. Please visit us at: Medical Encyclopedia-Medibmls - https://medibmls.org/ Diseases - https://medibmls.org/diseases/ Laboratory Tests - https://medibmls.org/laboratory-tests/ Medibmls is a medical encyclopedia containing health information for patients and others about clinical laboratory tests and
Medical Electrodes Market
Medical electrodes are devices used to transfer energy of ionic currents into electrical current in the body. The currents passed into the body is amplified and has proved to be useful in diagnosing various diseases. Medical electrodes are noninvasive and comprises a metal, electrode conducting plate and lead. Medical electrodes progress with quantification of internal ionic currents results in diagnosis of nervous, cardiac, ocular and muscular disorders. The electrode works