GC

LONDON–()–The international medical marijuana market measurement is poised to develop by USD 22.33 billion throughout 2020-2024, progressing at a CAGR of over 24% all through the forecast interval, in accordance to the newest report by Technavio. The report affords an up-to-date evaluation relating to the present market state of affairs, newest tendencies and drivers, and the general market setting. The report additionally supplies the market impression and new alternatives created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The manufacturing and availability of medical marijuana merchandise are rising owing to the rising demand from dispensaries and sufferers. To meet the rising demand, distributors are specializing in rising their manufacturing. Moreover, governments throughout the world are taking initiatives to legalize the use of marijuana for medical purposes. For occasion, the Government of the US introduced plans to enhance entry to authorized marijuana for medical analysis and develop the quantity of entities licensed to develop marijuana crops. Thus, plans by governments to improve the manufacturing of medical marijuana will considerably affect gross sales of the similar. As a outcome, the medical marijuana market progress is anticipated to be substantial over the forecast interval.

Register for a free trial right this moment and acquire immediate entry to 17,000+ market analysis reviews.

Technavio’s SUBSCRIPTION platform

See the best guide for how to grow weed fast the dankest pot on Earth for beginners or advanced tips and tricks for growing marijuana.

Report Highlights:

  • The main medical marijuana market progress got here from power ache section. Medical marijuana is gaining recognition instead to conventional pain-relieving medicines. A number of of the sorts of marijuana crops used for power ache reduction are hashish Indica, hashish Sativa, and hybrids. The excessive prevalence of power ache amongst adults in the US has been contributing to the medical marijuana market by the power ache section.
  • North America was the largest marketplace for medical marijuana in 2019, and the area will proceed to provide most progress alternatives to market distributors throughout the forecast interval. Governments are taking initiatives to legalize medical marijuana. Moreover, medical marijuana dispensaries are increasing their presence into new places in the area. Furthermore, distributors are specializing in new product launches. These elements will contribute to the medical marijuana market progress in the area over the forecast interval.
  • The international medical marijuana market is fragmented. Aphria Inc., Aurora Cannabis Inc., Cannabis Sativa Inc., Canopy Growth Corp., Cronos Group Inc., GW Pharmaceuticals Plc, mCig Inc., Medical Marijuana Inc., United Cannabis Corp., and Vivo Cannabis Inc. are some of the main market contributors. To assist shoppers enhance their market place, this medical marijuana market forecast report supplies an in depth evaluation of the market leaders.
  • As the enterprise impression of COVID-19 spreads, the international medical marijuana market 2020-2024 is anticipated to have Neutral and At par progress. As the pandemic spreads in some areas and plateaus in different areas, we revaluate the impression on companies and replace our report forecasts.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reviews and get the third totally free.

View market snapshot before purchasing

Increase in Funding for Research and Production of Medical Marijuana might be a Key Market Trend

The legalization of medical marijuana has offered distributors with alternatives to discover new medicinal makes use of of marijuana. Moreover, the rising demand for medical marijuana in Australia has inspired authorities authorities to improve funding for analysis. For occasion, the Department of Health in Australia introduced funding for analysis on the use of marijuana to assist most cancers sufferers. Such funding will encourage distributors to develop their presence, and thereby speed up the progress momentum of the market in focus throughout the forecast interval.

Technavio’s pattern reviews are free of cost and include a number of sections of the report, comparable to the market measurement and forecast, drivers, challenges, tendencies, and extra. Request a free sample report

Medical Marijuana Market 2020-2024: Key Highlights

  • CAGR of the market throughout the forecast interval 2020-2024
  • Detailed info on elements that can help medical marijuana market progress throughout the subsequent 5 years
  • Estimation of the medical marijuana market measurement and its contribution to the mother or father market
  • Predictions on upcoming tendencies and adjustments in client habits
  • The progress of the medical marijuana market
  • Analysis of the market’s aggressive panorama and detailed info on distributors
  • Comprehensive particulars of elements that can problem the progress of medical marijuana market distributors

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reviews and get the third totally free.

View market snapshot before purchasing

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion charges for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market traits
  • Value chain evaluation
  • Market segmentation evaluation

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market measurement and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining energy of patrons
  • Bargaining energy of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market situation

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by software
  • Comparison by software
  • Chronic ache – Market measurement and forecast 2019-2024
  • Nausea – Market measurement and forecast 2019-2024
  • Others – Market measurement and forecast 2019-2024
  • Market alternative by software

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparability
  • North America – Market measurement and forecast 2019-2024
  • Europe – Market measurement and forecast 2019-2024
  • APAC – Market measurement and forecast 2019-2024
  • South America – Market measurement and forecast 2019-2024
  • MEA – Market measurement and forecast 2019-2024
  • Key main nations
  • Market alternative

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing quantity of consciousness campaigns
  • Launch of medical marijuana teaching programs
  • Increase in funding for analysis and manufacturing of medical marijuana

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive state of affairs

PART 13: VENDOR ANALYSIS

  • Vendors lined
  • Vendor classification
  • Market positioning of distributors
  • Aphria Inc.
  • Aurora Cannabis Inc.
  • Cannabis Sativa, Inc.
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • GW Pharmaceuticals Plc
  • mCig Inc.
  • Medical Marijuana, Inc.
  • United Cannabis Corp.
  • Vivo Cannabis, Inc.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of distributors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a number one international expertise analysis and advisory firm. Their analysis and evaluation focuses on rising market tendencies and supplies actionable insights to assist companies determine market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 reviews and counting, protecting 800 applied sciences, spanning throughout 50 nations. Their consumer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 corporations. This rising consumer base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to determine alternatives in current and potential markets and assess their aggressive positions inside altering market situations.

Source link

Cannabis Products Training for Budtenders

LEAVE A REPLY

Please enter your comment!
Please enter your name here