Medical Marijuana Markets to Reach USD 26,920.4 Million With a CAGR 20.04% by 2028 | Key Players - Aurora, CannTrust Holdings, MedReleaf Corp, Emerald Health Therapeutics
***Get Latest Updated Market Research Report with Sample Report
The global medical marijuana market size is expected to reach USD 26,920.4 million by 2028, owing to the increasing demand for decriminalization of marijuana in most parts of the world. medical marijuana is extracted from the marijuana plant and can be used for treating certain illnesses and health conditions. But due to government restrictions, the use of marijuana as a medicinal drug is not tested rigorously. A recently published report by Fortune Business Insights™ titled, “Medical Marijuana Market Size, Share & Industry Analysis, By Application (Pain Disorders, Cancer, and Others), By Type (Flowers, Concentrates, Edibles and Others), By Distribution Channel (Dispensaries, Online, and Others), and Regional Forecast, 2021-2028” discusses the market comprehensively. According to this report, the market was USD 6,338.1 million in 2020 and is anticipated to exhibit a CAGR of 20.4% during the forecast period set between 2021 to 2028.
Request for Sample Report PDF @ https://www.fortunebusinessinsights.com/enquiry/sample/medical-marijuana-market-102609
List of Notable Automobile Interior Materials Market Manufacturers include:
Emerald Health Therapeutics
The Cronos Group
Green Relief Inc.
Medical Marijuana, Inc.
ABcann Medicinals, Inc.
Canopy Growth Corporation
Factors driving the growth prospects of the industry
There is a slew of factors that have affected the entire industry. Legalization of marijuana for medical and recreational purposes has had a positive impact on the industry. This has affected the black market by a great extent. Furthermore, it has opened the floodgates for the government. The government has now easy access to the tax revenues on the following products. Presence of large customer base ensures that the funds keep coming even in the worst time.
Despite all the efforts by the major economies, the stringent rules and regulations have affected the growth opportunities. Europe has already tasted the results of strict laws in place. Strict laws are the necessity of the hour and should not be ignored by the government for higher profits.
Medicinal Properties of to Propel Growth
The increasing demand for legalization of medical across various states is a major medical marijuana market growth driver. Besides this, the rising prevalence of diseases such as Parkinson’s disease, cancer, neurological disorders, and acute pain diseases is also expected to aid in expansion of the market in the forecast period. On the contrary, increasing application of marijuana beyond the required dose may result in side effects such as hallucinations, dizziness, low blood pressure, and others. This may stand as a major challenge to the market in the long run.
Increasing Awareness on medicinal Properties of to Offer Lucrative Growth Opportunities for the Rest of the World
Geographically, North America earned the maximum medical marijuana market share with a revenue of USD 5,994.9 million earned in 2018, that is anticipated to reach USD 24,578.3 million by the end of 2026.Growth of this region is attributed to the rise in the number of legalization of marijuana for both medical and recreational purposes, coupled with the presence of major vendors in the region. Europe ranks second in terms of cultivation and is expected to witness significant growth owing to the increasing investments for research activities by many public and private entities in the forthcoming years.
Furthermore, the market in Latin America and the Rest of the World is anticipated to witness lucrative business opportunities in the years to follow. This is owing to the rise in prevalence of chronic ailments, psychiatric disorders, acute pain diseases and the increasing awareness about the medicinal benefits of .
Key Geographical Markets
The United States and European companies have always been known for their dominance and technological opportunities. Despite this, Israel has been leading the race. The country denominates the market by a great extent and is spreading the word to the rest of the world. Other prominent markets include names like Australia, Poland, Germany, Uruguay, and Colombia. These markets project high growth opportunities and are about to promote the industry positively.
Other rising markets include names like the United Kingdom. These countries are still working on the law and are about to make significant improvements for the medical use of marijuana. Furthermore, emerging nations like South Africa and New Zealand are in the mid of conversation about the industry and how it can implement rules on the same.
Entry of New Players will Intensify Market Competition
The rapid developmental pace of medical marijuana and its wide expansion has propelled many players to enter into this market and make heavy investments in research and development of the same. Although the most crucial part is its production and cultivation, significant medical marijuana market revenue is derived from the pharmacological organizations. Besides this, with the increasing number of marijuana legalization in various states, more and more players are entering into the market to make their mark in the competition. Existing players are focusing on geographical expansion for gaining a competitive edge in the market in the forthcoming years.
After decades of patience, the marijuana industry is about to make significant reforms. The products are readily available in supermarkets or convenience stores. The product is available in the form of seeds, oils, gel, and protein capsules. The research on the subject is still on, and companies all over the world are trying to produce crucial products from the plant.
Ask for Customization @ https://www.fortunebusinessinsights.com/enquiry/customization/medical-marijuana-market-102609
Table Of Content:
Table of Content:
5.Global Process Mining Software Key Players Market Share Insights and Analysis, 2020
6.Key Market Insights and Strategic Recommendations
8.Annexure / Appendix
Key Industry Developments of the Medical Marijuana Market Include:
September 2019 – The first ever medical marijuana tablets were launched by Curaleaf in Florida and is available across 26 Curaleaf dispensaries across the U.S.
March 2019 – Harvest One signed an agreement with Health House for distributing Satipharm CBBD Gelpell Capsules for carrying out business across Asia, New Zealand, and Australia.
NOTE: Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
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 Markets to Reach USD 26,920.4 Million With a CAGR 20.04% by 2028 | Key Players - Aurora, CannTrust Holdings, MedReleaf Corp, Emerald Health Therapeutics here
News-ID: 2477390 • Views: 253
More Releases from Fortune Business Insights™ Pvt. Ltd.
Global Dermatophytic Onychomycosis Treatment Market Size Covered By Global Analy …
Market Overview The global dermatophytic onychomycosis treatment market size is predicted to reach USD 6.63 billion by 2028, exhibiting a CAGR of 7.4% during the forecast period. The rising prevalence of diabetes and incidences of chronic nail fungus infection will lead to heavy demand for dermatophytic onychomycosis treatment, which, in turn, will foster the growth of the market, it is mentioned in a report, titled "Dermatophytic Onychomycosis Treatment Market Size, Share
Global Wound Care Market Size Covered By Global Analysis, Share, Segment, Type, …
Market Overview A comprehensive analysis of the various factors and parameters is carried out to present the report on the global Wound Care Market. The marker concentration in the global market as well as the revenue that is earned from the different market segments that comprise the Wound Care Market have been identified and are evaluated in the report. The market status from the year 2022 to the year 2028 that
Telerehabilitation Market: Collaborative Efforts by Hinge Health Inc., Doctor on …
Market Overview: The global telerehabilitation market size is poised to rise remarkably in the coming years attributable to the technological advancements in the field of healthcare services in collaboration with information, technology, and communications. Telerehabilitation is a medical service for people preferring to stay at home and avail treatment and services. As per a recent report by Fortune Business Insights, titled, "Telerehabilitation Market Size, Share and Industry Analysis By Type (Products,
Coronary Stents Market 2020 Trends, Market Share, Industry Size, Opportunities, …
Market Overview: The global coronary stents market size is projected to reach USD 8.08 billion by the end of 2027. High investment in technological intervention has opened up a huge potential for market growth. According to a report published by Fortune Business Insights, titled "Coronary Stents Market Size, Share and Global Trend by Deployment (Self and Balloon-expandable), Stent Type (Drug Eluting Stent, Bioresorbable Stent, Bare Metal Stent, Covered Stent and Others),
More Releases for Medical
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924 Global Medical Casting & Splinting market 2019 research provides a basic overview of
Global Embolization Particle Industry 2018 - Sirtex Medical, Merit Medical, Cook …
The Global Embolization Particle Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Embolization Particle industry. Firstly, Embolization Particle Market report provides a basic overview of the Embolization Particle industry including definitions, classifications, applications and Embolization Particle industry chain structure. Global Embolization Particle Market analysis is provided for the international market including development history, Embolization Particle industry competitive landscape analysis, and major regions
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis. Get Free