Medical Marijuana Market 2021 Industry Outlook, Top Countries Data, Driving Factors by Manufacturers, Growth and Forecast 2025

The Latest released Global Medical Marijuana Market Report 2021-2025 provides 100+ data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.

The Global Medical Marijuana Market Report provides an in-depth assessment of the given sector’s current position and central factors. The study considers the present scenario of the Medical Marijuana market and its market dynamics for the period 2021-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

The Medical Marijuana market is expected to register a CAGR of 14.3% over the forecast period.

Covid-19 Impact and Recovery Analysis:

The global Medical Marijuana market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

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Top Key Players in the Global Medical Marijuana Market: Canopy Growth, Lexaria Corp., United Cannabis Corporation, and Aurora Cannabis.

Key Market Trends

The Chronic Pain Segment is Expected to Experience the Fastest Growth

There are many studies that have shown that medical cannabis is found to be an effective method for the treatment of chronic pain and that it is far safer than many other options. It is an affordable, natural alternative that lacks side effects and is traditionally used to treat chronic pain. There are also several ongoing kinds of research on medical marijuana for the treatment of chronic pain, which is expected to directly impact the growth of the market.

Marijuana is also being used for the treatment of arthritis, as it has the potential to reduce inflammation, as well as reduce pain. There is also increasing research on medical marijuana for the treatment of cancer and commercially available cannabinoids, which are approved drugs for chemotherapy, and which are likely to augment the growth of the market. Marijuana, being an effective treatment for neuropathic pain, is expected to further rise over the forecast timeframe. However, there are challenges associated with its abuse which vary in adoption rate between countries.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This report elaborates the market size, market characteristics, and market growth of the Medical Marijuana industry, and breaks down according to the type, application, and consumption area of Medical Marijuana. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

North America Accounted for the Largest Share in the Global Market

North America holds the major share in the medical marijuana market and is expected to show a similar trend over the forecast period, without significant fluctuations. The surging pace of cannabis legalization in the United States is one of the key factors contributing to its increased demand. There are also many marijuana programs in the United States that have accelerated, and most of the states have started to approach medical marijuana from the perspective of good public health.

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Medical Marijuana Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Medical Marijuana Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Reasons to Buy this Report:

-To understand the most affecting driving and restraining forces in the Medical Marijuana market and its impact on the global market.

-To gain insightful analyses of the Medical Marijuana market 2021-2025 and have a comprehensive understanding of the global market and its commercial landscape.

-To understand the future outlook and prospects for the Medical Marijuana market.

- Learn about the market policies that are being adopted by prominent organizations.

- To assess the production processes, major issues, and solutions to mitigate the development liability.

The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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This release was published on openPR.