Medical Marijuana Market

1
Medical Marijuana Market To Reach USD 148.35
Billion By 2026
2
Medical application of marijuana as pain
management in cancer, seizures, neurology, and
muscle spasm will drive the market
growth.Market Size USD 11.70 Billion in 2018,
Market Growth - CAGR of 26.4, Market Trends
Legalization of marijuana in several
countries.The Global Medical Marijuana Market
is forecast to reach USD 148.35 Billion by 2026,
according to a new report by Reports and Data.
Marijuana is used for treating chronic pain that
affects millions of people each year across the
globe, thus increasing the demand for the product
as a treatment procedure for medical conditions.
Statistically, around 25 million people endure
acute pain in the US. Moreover, several countries
around the globe have made medical marijuana
legal, i.e., it would allow people to use
marijuana for health purposes therefore,
boosting the market for the medical marijuana
market.
Market Summary
www.reportsanddata.com
3

• Further key findings from the report suggest
• Countries are beginning to liberalize laws
  related to medical marijuana the market is
  forecasted to witness a surge in demand.
  Statistically, the majority of the cannabis, are
  currently, sold through illicit channels.
• Several countries have recognized the advantages
  of this product and are in the process of
  legalizing it.
• With a rise in the volume of clinical trials and
  scientific studies, the demand for cannabis for
  clinical use is forecasted to grow over the
  forecast period. Medical marijuana held a market
  share of 53 in the year 2018.
• Countries in North America have also started
  promoting derivatives such as oils, tinctures,
  and resins, along with products like vaporizers,
  among millennials who are considered primary
  consumers.
• The oil segment is forecasted to grow with the
  highest CAGR of 27.1 in the forecast period.
  Hemp oil is in high demand among healthcare
  sector for clinical purposes.
• Health concerns associated with smoking is
  another factor that stops doctors from
  prescribing it. Hence, oil or edible forms of
  marijuana are generally prescribed and are
  growing in demand.
• On the basis of application, the market is
  segmented into Chronic Pain, Mental Disorders,
  Anorexia, Seizures, Muscle Spasm, Cancer, and
  Others.
• Chronic pain dominated the market, with a share
  of 63 in the year 2018. Marijuana reduced pain
  and also improved the quality of life among
  patients.
• On the basis of the route of administration,
  inhalation segment is forecasted to have the
  highest market share of 54 in the year 2026.

4
Market Summary

• Key Players
• Canopy Growth Corporation, Aphria, Inc., Aurora
  Cannabis, Maricann Group, Inc., Tilray, Cronos
  Group, Organigram Holdings, Inc., Vivo Cannabis,
  Tikun Olam, Insys Therapeutics, Inc., MedReleaf
  Corporation, and GW Pharmaceuticals PLC.
• Segmentation
• For the purpose of this report, Reports and Data
  have segmented the global Medical Marijuana
  Market on the basis of Product Type, Route of
  Administration, Distribution Channel, Medical
  Application, and Region
• Product Type Outlook (Revenue, USD Billion
  2016-2026)
• Oil
• Buds
• Tinctures
• Medical Application Outlook (Revenue, USD
  Billion 2016-2026)
• Chronic Pain
• Mental Disorders
• Anorexia
• Seizures
• Muscle Spasm
• Cancer
• Others

To look at the PDF Sample Report and get 30
minutes of a free consultation _at_
https//www.reportsanddata.com/sample-enquiry-form
/1413
www.reportsanddata.com
5
Market Summary

• Route of Administration Outlook (Revenue, USD
  Billion 2016-2026)
• Inhalation
• Oral
• Intravenous
• Topical
• Distribution Channel Outlook (Revenue, USD
  Billion 2016-2026)
• Dispensaries
• Online
• Regional Outlook (Revenue, USD Billion
  2016-2026)
• North America
• Europe
• Asia-Pacific
• Latin America

Grab Your Report at an Impressive Discount!
Please Click Here https//www.reportsanddata.co
m/make-enquiry-form/1413
www.reportsanddata.com
6
The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
www.reportsanddata.com
7
About Us
Reports and Data is a market research and
consulting company that provides syndicated
research reports, customized research reports,
and consulting services. Our solutions purely
focus on your purpose to locate, target and
analyze consumer behavior shifts across
demographics, across industries and help clients
make a smarter business decision. We offer market
intelligence studies ensuring relevant and
fact-based research across a multiple industries
including Healthcare, Technology, Chemicals,
Power, and Energy. We consistently update our
research offerings to ensure our clients are
aware about the latest trends existent in the
market. Reports and Data has a strong base of
experienced analysts from varied areas of
expertise.
Contact Us John Watson Head of Business
Development Reports And Data Web
www.reportsanddata.com Direct Line
1-212-710-1370 E-mail sales_at_reportsanddata.com