DUBLIN —
The “Global Medical Marijuana Market Size, Trends & Growth Opportunity, by Route of Administration, by Application by Region and Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
Global Medical Marijuana Market was valued at USD $9,882.21 Million in 2022 which is expected to reach USD$53,886.43 million by 2030 at a CAGR 23.61%.
Marijuana is a chemical plant which contains cannabis as a medical property. It is used as raw material by various pharmaceutical companies to manufacture drugs for different therapeutic applications. Marijuana extract is used to treat various diseases including Alzheimer’s disease, Migraine, Arthritis, Chronic Pain, and Others.
Market Drivers
Increase in awareness regarding various medical applications such as appetite enhancement, pain management, and reducing eye pressure is the key driving factor which is expected to boost the global medical marijuana market growth.
Furthermore, increase in number of legalizing the use of medical marijuana in various parts across the globe will have the positive impact on market growth. Moreover, rise in mergers and acquisitions in the medical cannabis industry will fuel the market growth.
Market Restraints
However, Medical marijuana is not approved by USFDA (Food and Drug Administration) for the treatment of cancer which is major restraining factor which is expected to hamper the global medical marijuana market growth.
Market Segmentation
Global Medical Marijuana Market is segmented into route of administration such as Oral, Inhalation, and Topical. Further, market is segmented into application such as Alzheimer’s disease, Migraine, Arthritis, Chronic Pain, and Others.
Also, Global Medical Marijuana Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
GW Pharmaceuticals PLC
The Peace Naturals Project
Insys Therapeutics Inc.
Cannabis Sativa Inc.
Green Relief Inc.
Medical Marijuana Inc.
Aurora Cannabis Inc
Aphria Incorporation
MedReleaf Corporation
Canopy Growth Corporation
Market Taxonomy
By Route of Administration
Oral
Inhalation
Topical
By Application
Alzheimer’s disease
Migraine
Arthritis
Chronic Pain
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
For more information about this report visit www.researchandmarkets.com/r/12i4xr.
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