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
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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,
2018-2022”.
https://www.technavio.com/report/global-medical-marijuana-market-analysis-share-2018
The increasing use of cannabis for medical purposes and emergence of
luxury cannabis products is anticipated to boost the growth of the
market.
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
period.
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Major Five Medical Marijuana Market Companies:
Aurora Cannabis
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
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
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
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
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.
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Medical Marijuana Application Outlook (Revenue, USD Million,
2018-2022)
- Chronic pain
- Nausea
- Others
Medical Marijuana Regional Outlook (Revenue, USD Million, 2018-2022)
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Related Reports on Health
Care include:
CBD
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).
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