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Medical Marijuana Market Global Demand in 2022, Growth Drivers, Size Analysis, Share Value, Segmentation, and Global Industry Forecast to 2028

The Medical Marijuana Market 2022 – Impact of COVID-19 on the Market: The report contains financial data achieve from various research sources to provide specific and reliable analysis. The report presents information about the top regions of the world and countries with their regional development status, volume, market size, market value, and price data.

The global medical marijuana market size was USD 6,338.1 million in 2018 and is projected to reach USD 26,920.4 million by 2026, exhibiting a CAGR of 20.4% during the forecast period.

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The marijuana plant was used medically for centuries across the globe until the early 1900s, when it was legal. The medical benefits associated with the plant are anticipated to boost product demand, thus augmenting market growth. Cannabidiol (CBD) is a compound present in the cannabis plant that is not psychoactive. CBD is considered to have several medicainal benefits. For instance, epidiolex is a CBD oil extract that is currently undergoing clinical trials for epilepsy. Additionally, nabiximols is a specific plant extract that is approved in Europe for the treatment of spasticity, multiple sclerosis, overactive bladder, neuropathic pain, and other conditions. In a recent survey, it was discovered that the most common conditions people use medical cannabis are for pain management, anxiety, depression, muscle spasticity, and few others. Hence, increasing benefits associated with medical marijuana coupled with growing number of research trials to identify more medical applications will considerably stimulate market growth during 2019 – 2026.

Major Medical Marijuana Market Manufacturers covered in the market report include:

  • Canopy Growth Corporation
  • Aurora Cannabis
  • Aphria Inc.
  • CannTrust Holdings
  • GW Pharmaceuticals
  • MedReleaf Corp
  • ABcann Medicinals, Inc.
  • Emerald Health Therapeutics
  • Green Relief Inc.
  • The Cronos Group
  • Medical Marijuana, Inc.
  • Others

Medical Marijuana Market (2022-2028) report identifies Sales of Market by regional analysis by product type and product applications. The competitive data type analysis includes capacity, market trends, profit margin, market growth, imports, exports, revenue and Marketing strategies, policies, industry chain analysis that are changing the wave of the market are also catered in the report. The Report provides potential market opportunities and Major Regions that plays a vital role in market are North America, Europe, China, Japan, Middle East & Africa, India, South America and Others.

COVID-19 Impact Analysis:

  • The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses
  • Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth
  • Over 4 million people affected globally, with 300 thousand losing their lives due to novel coronavirus
  • Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers
  • Due to diversion of medical field towards treating COVID-19, the funding to R&D activities related to chondroitin sulfate has been reduced and this segment have to face negligence subsequently causing negative impact on digestive enzymes market

Medical Marijuana Market Segmentation by Types, By Applications and By Region:

Medical Marijuana Market is analyses and market size information is provided by regions (countries). Segment by Application and type, the Medical Marijuana Market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2022-2028. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2022-2028.

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Competitive Landscape and Medical Marijuana Market Share Analysis:

Medical Marijuana Market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the key player for the period 2021. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2021. Details included are company description, major business, company total revenue and the sales, revenue generated in Medical Marijuana Market business, the date to enter into the Medical Marijuana Market product introduction, recent developments, etc.

Table of Content:

  • Market Overview
    • Medical Marijuana Market Introduction
    • Market Analysis by Type
    • Market Analysis by Applications
    • Market Analysis by Regions
    • North America (United States, Canada and Mexico)
    • United States Market States and Outlook (2022-2029)
    • Canada Market States and Outlook (2022-2029)
    • Mexico Market States and Outlook (2022-2029)
    • Europe (Germany, France, UK, Russia and Italy)
    • Germany Market States and Outlook (2022-2029)
    • France Market States and Outlook (2022-2029)
    • UK Market States and Outlook (2022-2029)
    • Russia Market States and Outlook (2022-2029)
    • Italy Market States and Outlook (2022-2029)
    • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
    • China Market States and Outlook (2022-2029)
    • Japan Market States and Outlook (2022-2029)
    • Korea Market States and Outlook (2022-2029)
    • India Market States and Outlook (2022-2029)
    • Southeast Asia Market States and Outlook (2022-2029)
    • South America, Middle East and Africa
    • Brazil Market States and Outlook (2022-2029)
    • Egypt Market States and Outlook (2022-2029)
    • Saudi Arabia Market States and Outlook (2022-2029)
    • South Africa Market States and Outlook (2022-2029)
    • Turkey Market States and Outlook (2022-2029)
    • Market Dynamics
    • Market Opportunities
    • Market Risk
    • Market Driving Force
  • Manufacturers Profiles
  • Global Medical Marijuana Market Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
    • Global Sales and Market Share by Manufacturer (2017-2018)
    • Global Revenue and Market Share by Manufacturer (2017-2018)
    • Market Concentration Rate
    • Top 3 Manufacturer Market Share in 2018
    • Top 6 Manufacturer Market Size in 2018
    • Market Competition Trend

ToC Continue…

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Carlton is the contributing author of electronic security. His field of communication is fascinating since he writes about that side of the industry which is costly, less used but more inclined upon by developed countries. Electronic securities have been seeing an upward graph nowadays, but the current scenario still needs to be changed. Carlton’s articles reflect the real happening wrapped up in formally written words.

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