Medical Cannabis Market To Expand At A CAGR Of 15.4% By 2025, Covid-19 Impact Analysis, Industry Size, Share, Growth Prospects Analysis By Leading Players

Given the debilitating impact of COVID-19 (Coronavirus) on Medical Cannabis Market, companies are on the lookout for starting production lines. Get an inside look at the market prospects and its future decisions in light of the pandemic and other such unforeseen circumstances.

Medical Cannabis Market Overview:

Global Medical Cannabis market has a better scope for attaining a valuation worth USD 52.35 Billion by 2025. The process would witness growth by 15.4% CAGR between 2019 and 2025, which according to the report of Market Research Future (MRFR) can be considered a forecast period. The global market for medical cannabis has a better chance of growth with the rising instance of chronic diseases and several other medical conditions. These are expected to make significant contributions to manage the growth of the medical cannabis market.

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The global market for medical cannabis has substantial growth potential as the market is witnessing its permeation in the healthcare sector for the treatment of cancer, arthritis, schizophrenia, Alzheimer’s disease, and others. Among other factors, the legalization of cannabis-based medicines for the treatment of several diseases and for research purposes are expected to make sure that the market for medical cannabis finds easy growth. Various private and government organizations are showing initiations that can provide scope for growth to the medical cannabis market. However, this is also spurring the illegal intake of cannabis, which can restrain the growth to some extent.

Medical Cannabis Market Segmentation

The global market for medical cannabis can be studied on the basis of a segmentation that includes product form, derivative, application, and distribution channel. These segments are enriched with valuations of various segments and intense analysis of dynamics that can influence the market in the coming days.

By product form, the global market for medical cannabis can be segmented into powders, solids, ointments & creams, oil, and others. The powder segment has the largest market coverage, whereas, the solid segment can register the fastest growth during the forecast period. The ‘others’ segment has lozenges, tinctures, and smoking dried buds.

By derivative, the market for medical cannabis can be read and segmented into cannabidiol (CBD) and Tetrahydrocannabinol (THC). The cannabidiol segment has better market reach as it is more common for its application.

By application, the market for medical cannabis includes arthritis, cancer, Alzheimer’s disease, Schizophrenia, and others. Alzheimer’s Disease can be taken into consideration as the largest segment. Meanwhile, the cancer segment is growing with the fastest surge rate.

By distribution channel, the global market for medical cannabis includes retail pharmacy, online stores, and others. The retail segment has the largest market contribution and the online segment can outrun the growth of others with the fastest CAGR.

Medical Cannabis Market Regional Analysis:

The global market for medical cannabis can have a better understanding of various regions that includes the Americas, the Asia Pacific region, and Europe as major contributing ones. The report also discusses Latin America and the Middle East & Africa (MEA) as regions with scope for further growth.

As the largest regional market, the Americas are expected to benefit from contributions made by North America and especially, by countries like the US and Canada. Recently, these countries have implemented laws, that have made the use of cannabis easier in healthcare. The European market would witness growth with the increasing use of marijuana to treat various chronic diseases. The Asia Pacific region is showing prospects of registering the fastest growth during the forecast period. The region is opening up facilities to support cannabis-related studies

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Medical Cannabis Market Competitive Landscape:

Players displaying interest in taking the global medical cannabis market ahead are Aurora Cannabis (Canada), Maricann Inc. (Canada), Tilray (Canada), Canopy Growth Corporation (Canada), Aphria, Inc. (Canada), Medical Marijuana, Inc. (US), GW Pharmaceuticals PLC (UK), United Cannabis (US), CanniMed Ltd (Canada), Cannabis Sativa Inc. (US), GBSciences Inc. (US), MediPharm Labs (Canada), and others. MRFR registered these companies to get close to changes that can impact the market outcome.

In November 2019, NHS approved two new medicines with cannabis as a foundation to treat diseases like treat epilepsy and multiple sclerosis in England.

Table Of Contents

1. REPORT PROLOGUE

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope Of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

...TOC Continued

LIST OF TABLES

TABLE 1 GLOBAL MEDICAL CANNABIS MARKET SYNOPSIS, 2019–2025

TABLE 2 GLOBAL MEDICAL CANNABIS MARKET ESTIMATES & FORECAST, 2019–2025 (USD MILLION)

TABLE 3 GLOBAL MEDICAL CANNABIS MARKET, BY PRODUCT FORM, 2019–2025 (USD MILLION)

TABLE 4 GLOBAL MEDICAL CANNABIS MARKET, BY DERIVATIVES, 2019–2025 (USD MILLION)

TABLE 5 GLOBAL MEDICAL CANNABIS MARKET, BY APPLICATION, 2019–2025 (USD MILLION)

TABLE 6 GLOBAL MEDICAL CANNABIS MARKET, BY DISTRIBUTION CHANNEL, 2019–2025 (USD MILLION)

...Continued

LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL MEDICAL CANNABIS MARKET

FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL MEDICAL CANNABIS MARKET

FIGURE 4 GLOBAL MEDICAL CANNABIS MARKET SHARE, BY PRODUCT FORM, 2018 (%)

FIGURE 5 GLOBAL MEDICAL CANNABIS MARKET SHARE, BY DERIVATIVES, 2018 (%)

FIGURE 6 GLOBAL MEDICAL CANNABIS MARKET SHARE, BY APPLICATION, 2018 (%)

...Continued

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Market Research Future

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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