Press release
Global Medical Cannabis Market - Analysis By Product Type (Cannabis Indica, Cannabis Sativa, Others)
Globally, the market for Medical Cannabis has been growing on a swift pace on the back of escalating application of cannabis in a number of industries ranging from healthcare to Food and Beverage. Additionally, government in major countries are focusing on legalizing the medical application of cannabis keeping under consideration the medicinal benefits associated with cannabis supported by burgeoning demand for high quality, organic cannabis globally which is the reason why major manufacturers are focusing on providing the quality product to customers. All these factors are driving a considerable growth in the market for Global Medical Cannabis during the period.According to Azoth Analytics research report, “Global Medical Cannabis Market - Analysis By Product Type (Cannabis Indica, Cannabis Sativa, Others), By Application (Chronic Pain, Mental Disorders, Cancer, Others), By Consumption Pattern (Flowers, Concentrates, Edibles, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, Italy, Czech Republic, Croatia, Thailand, Australia, Uruguay, Turkey)“ global market is projected to display a robust growth represented by a CAGR of 16.82% during 2019 – 2024.
Cannabis Indica under Medical Cannabis, Chronic Pain and Flowers under the respective segments have been witnessing growth at a notable rate over the past few years as cannabis have been scientifically proven to relief patients who are suffering from various medical complications clubbed with countries taking initiatives to legalize the cannabis for medical application. Amongst the regions, North America accounts for the largest regional share in the global Medical Cannabis market in 2019. Key factors driving the robust growth rate of North America region include supportive government with relaxed norms relating to the cannabis industry backed with rising investment in driving more medicinal benefits of cannabis and US and Canada being the most dominative cannabis market globally, are fuelling the market growth in the Medical cannabis industry in North America.
The report titled “Global Medical Cannabis Market - Analysis By Product Type (Cannabis Indica, Cannabis Sativa, Others), By Application (Chronic Pain, Mental Disorders, Cancer, Others), By Consumption Pattern (Flowers, Concentrates, Edibles, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, Italy, Czech Republic, Croatia, Thailand, Australia, Uruguay, Turkey)“ has covered and analysed the potential of Global Medical Cannabis Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global medical cannabis market. Additionally, the report also highlights market entry strategies for various companies across the globe.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Medical Cannabis Market. The report analyzes the Global Medical Cannabis Market By Product Type (Cannabis Indica, Cannabis Sativa, Others), By Application (Chronic Pain, Mental Disorders, Cancer, Others) and By Consumption Pattern (Flowers, Concentrates, Edibles, Others). The Global Medical Cannabis Market has been analyzed By Region (North America, Europe, APAC, ROW), By Countries (US, Canada, Germany, Italy, Czech Republic, Croatia, Thailand, Australia, Uruguay, Turkey) for the historical period of 2014-2018 and the forecast period of 2019-2024.
Azoth Analytics Consulting assists clients across the globe to enter, progress, and develop in the targeted market through our fact-based business intelligence. We deliver practical and implementable solutions to our domestic and international clients. Our focus is to extract relevant information from market and help our clients to sustain competitive advantage over their competitors.
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