Medical Cannabis Market

Medical Cannabis Market - Size, Share, Growth,
Outlook, and Opportunity Analysis, 2018-2026
Medicinal cannabis, also known as medical marijuana, is used either for the treatment of diseases or
to improve their symptoms. The two cannabinoids - delta-9-tetrahydrocannabinol (THC) and
Cannabidiol (CBD) are used in treatment of certain diseases or health conditions such as pain, blood
pressure, memory, concentration, appetite, sensory stimulus, muscular problems, and seizures.
Marijuana was the most widely used drug globally in 2014 with around 183 million users. Such factors
have led to increasing initiatives among governments worldwide to conduct studies regarding
legalization of the drug for medicinal use. The U.S National Institute on Drug Abuse is conducting
research on cannabis (marijuana) to treat numerous diseases and conditions such as autoimmune
diseases, pain, inflammation, seizures, mental disorders, and substance abuse disorders. Regulatory
compliance is a key factor that influences cost, quality, and safety of cannabis (marijuana) as well as
the capacity for the manufacturers in the medicinal cannabis market to be responsive, scalable, and
innovative.
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Market Dynamics
According to the Medical Marijuana, Inc., the legal marijuana industry in the U.S. was valued at
US$ 7.1 billion in 2016, with an increase of 25% Y-o-Y. In 2016, 28 states in the U.S. legalized
marijuana for medicinal purposes. In November 2016, California, Nevada, Maine, and
Massachusetts legalized recreational use of marijuana. Increasing legalization of cannabis
(marijuana) in the U.S. has attracted attention of global investors in the medicinal cannabis
market.
Increase in the legalization of medicinal cannabis in various economies is expected to
augment the market growth
Increasing approvals for medicinal cannabis products and growing research and development
activities in the medicinal cannabis market are expected to support growth of the market. For
instance, in March 2017, Germany’s parliament passed a law allowing medicinal use of the
cannabis plant by allowing healthcare professionals to prescribe medicinal cannabis products to
patients suffering from health issues such as chronic pain, vomiting, and nausea. However,
health issues resulting from excessive cannabis consumption such as tachycardia, risk of heart
attack, particularly in individuals with existing heart disease or arrhythmias, are expected to
restrain growth of the market.
Legalization of medicinal cannabis is expected to grow once conclusive evidence regarding its
safety and efficacy is obtained through extensive research. For instance, in 2013, Czech Republic
legalized medicinal marijuana for patients suffering from chronic pain, epilepsy, chemotherapy
induced side effects, and other severe disease indications. Furthermore, the law allows patients
with marijuana prescription to purchase medicinal marijuana from pharmacies. However,
cultivation of marijuana in not allowed in the country, and thereby suppliers need to import
medicinal cannabis. These factors are expected to contribute to the growth of the medicinal
cannabis use in pharmaceutical and biotechnology industry.
Report includes chapters which deeply display the following deliverable about industry :
• Medical Cannabis Market Research Objective and Assumption
• Medical Cannabis Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Medical Cannabis Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value
Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Medical Cannabis Market, By Regions
• Medical Cannabis Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Medical Cannabis Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Medical Cannabis Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning
and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Medical Cannabis Market Forecast including Production, Consumption, Import and Export Forecast
by Type, Applications and Region.
• Research Findings and Conclusion
Medicinal Cannabis Market - Competitive Landscape
Some of the key players operating in medicinal cannabis market include BOL Pharma,
Tilray, Medreleaf Corporation, Aurora Cannabis, Inc., Canopy Growth Corporation,
Insys Therapeutics, Inc., Aphria, Inc., MGC Pharmaceuticals Limited, GW
Pharmaceuticals, plc., and Medical Marijuana Inc.
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Detailed Segmentation:
• Global Medicinal Cannabis Market, By Point of Sale:
• Dispensaries
• Online Pharmacy
• Hospital Pharmacy
• Global Medicinal Cannabis Market, By Active Ingredient:
• Tetrahydrocannabinol (THC)
• Cannabidiol (CBD)
• Global Medicinal Cannabis Market, By Therapeutic Application:
• Pain
• Arthritis
• Neurological Disease
• Epilepsy
• Multiple Sclerosis
• Other Neurological Applications
• Other Applications
• Global Medicinal Cannabis Market, By Geography:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
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