LONDON–(BUSINESS WIRE)–Technavio has been monitoring the global medical marijuana market and
the market is poised to grow by USD 25.25 billion during 2018-2022 at a
CAGR of over 21% during the forecast period. Request
Free Sample Pages
Read the 115-page research report with TOC on “Medical Marijuana
Market Analysis Report by Application (Chronic pain, Nausea, and
Others), by Geography (Americas, APAC and EMEA), and Segment Forecasts,
The increasing use of cannabis for medical purposes and emergence of
luxury cannabis products is anticipated to boost the growth of the
Medical marijuana or medical cannabis is used to treat a variety of
symptoms and conditions. The most abundant compounds found in cannabis
include THC and CBD, which are primarily used to address symptoms in
Parkinson’s disease. Cannabis is also used to address symptoms such as
sleep deprivation, optic nerve damage, and intraocular pressure
associated with glaucoma. Dexanabinol, CT-3 (ajulemic acid), Cannabinor,
HU 308, and HU 331 are some of the examples of medical marijuana, which
are under clinical development. Thus, the increasing use of cannabis for
medical purposes is expected to drive market growth during the forecast
Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.
market snapshot before purchasing
Major Five Medical Marijuana Market Companies:
Aurora Cannabis is headquartered in Canada and operates the business
under various segments such as Medical Cannabis and Patient Counselling.
The company offers Aurora THC Drops, Aurora 1:1 Drops, and Tower.
GW Pharmaceuticals is headquartered in the UK and offers products
through the following business units: Commercial, Sativex Research and
Development, and Pipeline Research and Development. The company offers
Sativex (nabiximols) and Epidiolex (cannabidiol).
mCig is headquartered in the US and operates under various business
segments, namely Consulting and Construction, CBD, Vaporizers, Media,
and Supplies. The company offers VitaCBD CBD Oil, VitaCBD CBD EJuice,
VitaCBD CBD Tincture, and VitaCBD CBD Isolate.
Medical Marijuana is headquartered in the US and offers products through
a unified business segment. The company offers RSHO BLUE LABEL HEMP OIL,
RSHO GOLD LABEL HEMP OIL, CANCHEW, and Rev!ve PM 500 mg.
United Cannabis is headquartered in the US and offers products through a
unified business segment. The company offers Prana Medicinal Capsules,
Prana Sublingual, and PRANA TOPICAL.
Register for a free trial today and gain instant access to 17,000+
market research reports.
Medical Marijuana Application Outlook (Revenue, USD Million,
- Chronic pain
Medical Marijuana Regional Outlook (Revenue, USD Million, 2018-2022)
Technavio’s sample reports are free of charge and contain multiple
sections of the report, such as the market size and forecast, drivers,
challenges, trends, and more. Request
a free sample report
Related Reports on Health
Oil Market – Global CBD Oil Market by geography (APAC, Europe,
MEA, North America, and South America) and product (marijuana-derived
CBD oil and hemp-derived CBD oil).
Technavio is a leading global technology research and advisory company.
Their research and analysis focus on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 17,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.