Medical Cannabis Market 2020

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Medical Cannabis Market 2020-2025
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2025
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Medical Cannabis Market 2020-2025
Medical Cannabis Market Highlights
According to MRFR analysis, the global medical
cannabis market is expected to register a CAGR of
15.4 during the forecast period of 2019 to 2025
and was valued at USD 13.6 million in
2018. Marijuana is a plant containing a chemical
compound known as cannabis that has curative
properties. This plant is used as a raw material
by various pharmaceutical companies to
manufacture drugs for various therapeutic
applications. The legal use of cannabis for
medical and purposes is increasing, but it varies
across countries, based on the distribution,
possession, cultivation, and medical indications
for its consumption. The growth of global medical
cannabis market is driven by various factors such
as an increase in consumption of cannabis, rising
prevalence of chronic diseases and other medical
conditions, increasing legalization of medical
marijuana in multiple countries, rise in research
development of cannabinoid. However, increasing
illegal use of marijuana is expected to curb the
growth of the global medical cannabis
market. Several market players currently dominate
the global medical cannabis market. The key
players are involved in product launches and
strategic collaborations to strengthen their
market positions.
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Medical Cannabis Market 2020-2025
Medical Cannabis Market Regional Analysis
The market has been divided, by region, into the
Americas, Europe, Asia-Pacific, and the Middle
East Africa. The Americas is expected to be the
largest market owing to the increasing prevalence
of medical cannabis and rising per capita
healthcare expenditure. The medical cannabis
market in the Americas has further been branched
into North America and Latin America, with the
North American market divided into the US and
Canada. The European medical cannabis market has
been categorized as Western Europe and Eastern
Europe. The Western European market has further
been classified as Germany, France, the UK,
Italy, Spain, and the rest of Western Europe. The
medical cannabis market in Asia-Pacific has been
segmented into Japan, China, India, South Korea,
Australia, and the rest of Asia-Pacific. Browse Co
mplete Report with TOC _at_  https//www.marketresear
chfuture.com/reports/medical-cannabis-market-8368
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Medical Cannabis Market 2020-2025
Medical Cannabis Market Segmentation
The global medical cannabis market has been
segmented based on product form, derivative,
application, and end user. Based on product
form, has been divided into powders, solids,
ointments and creams, oil, and others. The
powders segment is likely to be the fastest
during the review period as the powder is easily
dissolved into any liquid this significantly
expands the possibilities for how patients take
their medical marijuana products. Thus, the easy
consumption of powder form of products will
substantially drive the growth of the market. On
the basis of derivative, into cannabidiol (CBD)
and tetrahydrocannabinol (THC). The cannabidiol
(CBD) segment is expected to hold the majority
share of the market as it is mostly used to treat
pain and various other medical conditions. Based
on application into arthritis, cancer,
Alzheimers disease, schizophrenia, and others.
Alzheimers disease is expected to hold the
largest market share as around 5.7 million
Americans of all ages were living with
Alzheimers and dementia in 2018. Avail Free
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Medical Cannabis Market 2020-2025
Medical Cannabis Market Key Players
Some of the key players in the global medical
cannabis market are  Canopy Growth Corporation
(Canada) Aphria, Inc. (Canada) Maricann Inc.
(Canada) Tilray (Canada) GW Pharmaceuticals PLC
(UK) Medical Marijuana, Inc. (US) Cannabis Sativa
Inc. (US) Aurora Cannabis (Canada) CanniMed Ltd
(Canada) MediPharm Labs (Canada)
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