Medical Cannabis Market: Strong Growth and Momentum Seen Ahead

iCrowd Newswire
13 May 2022, 04:20 GMT+10

Medical Cannabis Market business research report assesses the current as well as upcoming performance of the market, and also brand-new trends in the market. It provides product overview and highlights of product and application segments of the Medical Cannabis Market including price, revenue, sales, sales growth rate, and market share by product. The Medical Cannabis Market statistics within the report is displayed in a statistical format to offer a better understanding upon the market dynamics. Global medical cannabis market size was valued at $6.82 Billion in 2020 and is projected to reach $53.85 Billion by 2030 registering a CAGR of 23.60% from 2021 to 2030.

Medical cannabis, also known as medical marijuana (MMJ), is prescribed by physicians for their patients for the treatment of various diseases, including chronic pain, cancer, depression, diabetes, arthritis, glaucoma, epilepsy, migraines, AIDS, and Alzheimer's. The use of cannabis as medicine has not been rigorously tested due to production and governmental restrictions, resulting in limited clinical research to define the safety and efficacy of using cannabis to treat diseases.

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"Medical Cannabis Market research report delivers a comprehensive study on production capacity, consumption, import and export for all major regions across the world. Report provides is a professional inclusive study on the current state for the market. Analysis and discussion of important industry like market trends, size, share, growth estimates are mentioned in the report."

Medical Cannabis Market Research has offered exhaustive analysis of Manufacturers, Suppliers, Regions, Type and Application, Forecast to 2027. And also provides essential study on the current status of the market, cover market size with respect to valuation as sales volume and providing a precise prediction of the market scenario over the forecast period from 2020 to 2027.

Major Key Players: Aurora marijuana Inc., Canopy Growth Corporation, Cronos Group Inc., Maricann Group, Inc., Medical Marijuana, Inc., OrganiGram Holding Inc., Terra Tech Corp., Tikun Olam Ltd., Tilray, Inc., and VIVO Cannabis Inc.

Medical Cannabis Market Segmentation by Product Type: Buds/Marijuana Flower, Cannabis Extracts, Oil, Tinctures, and Others

Medical Cannabis Market Segmentation by Application: Chronic Pain, Mental Disorders, Cancer, and Others

Medical Cannabis Market Segmentation by End User: Pharmaceutical, Research & Development Centers

The report provides revenue forecast with sales, sales growth rate, and revenue growth rate forecasts of the global Medical Cannabis Market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are provided to understand the future outlook and prospects for the market.

Various strategies adopted by these companies to gain stronghold of the market include partnerships, collaborations, approvals, mergers & acquisitions, joint ventures, expansions, and others

The leading companies in Global Medical Cannabis Market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and STD Reimbursement Scenario Analysis And Top Study Testing Technologies products and services.

The report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth. Additionally, challenges and restraining factors that are likely to curb the growth in the years to come are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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