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About Medical Marijuana
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The global medical marijuana market covers the use of legally procured marijuana for the treatment of crucial symptoms of various chronic diseases impacting the global population. Serious injuries, migraines, back injuries resulting in fractures, arthritis, nerve damages, infections, and fibromyalgia are some conditions that cause chronic pain. Medical marijuana is taken by patients either orally, through inhalation, smoking, or through marijuana-infused edibles.
The analysts forecast the global medical marijuana market to grow at a CAGR of 21.11% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global medical marijuana market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
The report, Global Medical Marijuana Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Aurora Cannabis
- GW Pharmaceuticals
- mCig
- Medical Marijuana
- United Cannabis
Market drivers
- Increasing use of cannabis for medical purposes
- For a full, detailed list, view the full report
Market challenges
- High cost of cannabis testing products
- For a full, detailed list, view the full report
Market trends
- Emergence of luxury cannabis products
- For a full, detailed list, view the full report
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
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Table of Contents
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORTPART 03: RESEARCH METHODOLOGYPART 08: CUSTOMER LANDSCAPEPART 10: DECISION FRAMEWORK
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 09: REGIONAL LANDSCAPE
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
List of Exhibits
Executive Summary
New Report Released: - Global Medical Marijuana Market 2018-2022The author of the report recognizes the following companies as the key players in the global medical marijuana market: Aurora Cannabis, GW Pharmaceuticals, mCig, Medical Marijuana, and United Cannabis.
Commenting on the report, an analyst from the research team said: “One trend in the market is emergence of luxury cannabis products. Since the consumption of cannabis through smoking can be harmful, many vendors selling luxury cannabis products that make controlled consumption of cannabis beneficial to the users have emerged in the market.”
According to the report, one driver in the market is increasing use of cannabis for medical purposes. Cannabis used for medicinal purposes is referred to as medical marijuana or medical cannabis. This term refers to utilizing the whole, unprocessed cannabis plant or its extracts to treat a variety of symptoms and conditions. It can also be obtained through synthetic derivatives of cannabis. Medical cannabis contains a variety of compounds that are collectively referred to as cannabinoids.
Further, the report states that one challenge in the market is high cost of cannabis testing products. Although vendors in the cannabis testing market such as Agilent Technologies, Merck, Perkin Elmer, Shimadzu Corporation, and Thermo Fisher Scientific offer high-quality analytical products, they are all high-priced and thus, pose a challenge for cannabis testing laboratories. Medium and small-scale testing laboratories are cramped for budgets required for testing equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aurora Cannabis
- GW Pharmaceuticals
- mCig
- Medical Marijuana
- United Cannabis