Medical marijuana refers to cannabis which is specially recommended by doctors for their patients. Cannabis Indica and Sativa are the two major varieties of the cannabis plant which are used as medicine across the healthcare industry. From these varieties, there are a huge number of individual strains, each with a different cannabinoid profile and medicinal effect. Rising number of marijuana regulations throughout the globe is one of the key factors propelling the growth of market. With the stream of legalization, the retail and cultivation sectors have evolved dramatically in the healthcare markets.
The growth of the global medical marijuana is primarily driven by increasing prevalence of conditions that require medical marijuana for the treatment, rising geriatric population in need of treatment for chronic diseases, awareness programs conducted by public and private associations, and growing number of medical marijuana clubs, which promote the quality associated with medical marijuana. However, manufacturers on a global level are engaged in developing products that should get recognition in order to be in use for a greater population.
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The market has been witnessing a significant growth rate over the past few years owing to rise in public awareness of cannabis for medical use across the globe. Over 500 different chemicals in cannabis could provide numerous therapeutic benefits across the healthcare industry. Therefore, increasing clinical studies and research coupled with rising demand for therapeutic applications of marijuana, will surely escalate the growth of market during the forecast period.
Segmentation:
Based on the type, the market is classified into pure sativa, hybrid sativa dominant, pure indica, hybrid indica dominant, and others.
By application, the market can be segmented as cancer, chronic pain, glaucoma, insomnia, multiple sclerosis (MS), nausea, depression, and others.
Global Medical Marijuana Market Players List:
AusCann Group Holdings Ltd
Botanix Pharmaceuticals Limited
Creso Pharma Ltd
Hydroponics Co. Ltd.
Medlab Clinical Ltd
MGC Pharmaceuticals Ltd.
Regional Overview:
The global medical marijuana market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for medical marijuana in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE.
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Table of Contents:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Global Medical Marijuana Market – Market Dynamics
Drivers
Restraints
Opportunities
Chapter 4: Global Medical Marijuana Market – By Type
Pure Sativa
Hybrid Sativa Dominant
Pure Indica
Hybrid Indica Dominant
Others
TOC Continued
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