Medical Marijuana Market Forecast By Global Size, Share Analysis And Industry Trends Outlook By 2026
Medical Marijuana Market | Size, Share Estimation, Growth Projection, Emerging Trends And Global Industry Analysis 2020 is latest depth analysis market research report On “Global Medical Marijuana Market” published By Fortune Business Insights. Report analyzes comprehensive information on Medical Marijuana Market Segments By Application (Pain Disorders, Cancer, and Others), By Type (Flowers, Concentrates, Edibles and Others), By Distribution Channel (Dispensaries, Online Channel, and Others), and Regional Forecast, 2019-2026.
Medical Marijuana Market 2020 report presents a comprehensive assessment of the global Medical Marijuana market by offering valuable insights, Medical Marijuana types, facts, industry-related information, and historical data.
Medical Marijuana Key Companies Analyzed In Report are:
Aurora Cannabis, CannTrust Holdings, MedReleaf Corp, Emerald Health Therapeutics, The Cronos Group, Green Relief Inc., Medical Marijuana, Inc., ABcann Medicinals, Inc., GW Pharmaceuticals, Aphria Inc., Canopy Growth Corporation.
Global Medical Marijuana Market Analysis:
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The global medical marijuana market size is expected to reach USD 26,920.4 million by 2026, owing to the increasing demand for decriminalization of marijuana in most parts of the world. Medical cannabis or 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 and 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, 2019-2026" discusses the market comprehensively. According to this report, the market was USD 6,338.1 million in 2018 and is anticipated to exhibit a CAGR of 20.4% during the forecast period set between 2019 to 2026.
The increasing demand for legalization of medical cannabis 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.
The report encompasses several factors that have contributed to the growth of the overall market in recent years. It highlights primary strategies adopted by major companies and discusses how these companies are coping with the challenges they face in the global market. The report also highlights the major companies that have stood out in recent years and gauges their impact on market growth. In this report Several methodologies and approaches are adopted to make meaningful assumptions and views. The company profiling of leading market players is included this report with Porter's five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report.
The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Medical Marijuana manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Medical Marijuana Market Regional Insights:
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
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 cannabis 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.
Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
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