The global medical marijuana market was estimated to be valued at US$ 16.86 Bn in 2020 and is expected to grow at a CAGR of 20.55% during the forecast period (2021-2030). New statistical study of Medical Marijuana Market has been published by Absolute Markets Insights. Primary and secondary research methods have been used to generate effective and accurate data for informed business decisions. Growing rates of chronic diseases in developed as well as developing countries is expected to drive the global Medical Marijuana Market.

Top Key Players includes: Abattis Bioceuticals Corp., Agripharm Corp., Aurora Cannabis Enterprises Inc.,Cannabis Sativa, Inc., CannaGrow Holdings, Inc., Canopy Growth Corporation, Cara Therapeutics, Inc, Cresco Labs, LLC, Emerald Health Botanicals Inc. , Growblox Sciences, Inc., GW Pharmaceuticals plc, Insys Therapeutics, Inc.. , Lexaria Corp., Medical Marijuana Inc., Novartis International AG, Pfizer, Inc., Teva Pharmaceuticals USA, Inc.,Tweed Inc.,United Cannabis Corporation and Whistler Medical Marijuana Corp

Click to view the full report: https://www.absolutemarketsinsights.com/reports/Medical-Marijuana-Market-2019-2027-554

Type Outlook:

Based on the type of cannabis used, the global medical marijuana market is segmented into sativas, indicas and hybrid. The strains have been developed by cannabis growers across different continents. The Indica strain contains higher CBD (Cannabidiol) content and a lower THC (delta-9-tetrahydrocannabinol) content, while sativa strain contains higher THC and lower CBD. Indica strains are thus suited for providing mental relaxation, reduced nausea, bringing down acute pains, increase in appetite, amongst other uses. Sativa, on the other hand, is used for treating anxiety, depression, chronic pain, amongst others. It is commonly used as a day-time medicine. Hybrids are those strains that show properties in between that of sativa and indica strain. Canopy Growth Corporation, for example, is a medical marijuana manufacturer that brings out cannabis oil products that have a different THC and CBD ratio, depending on the customer's needs.

Type Outlook:

Based on the type of cannabis used, the global medical marijuana market is segmented into sativas, indicas and hybrid. The strains have been developed by cannabis growers across different continents. The Indica strain contains higher CBD (Cannabidiol) content and a lower THC (delta-9-tetrahydrocannabinol) content, while sativa strain contains higher THC and lower CBD. Indica strains are thus suited for providing mental relaxation, reduced nausea, bringing down acute pains, increase in appetite, amongst other uses. Sativa, on the other hand, is used for treating anxiety, depression, chronic pain, amongst others. It is commonly used as a day-time medicine.

Application Outlook:

Based on the application, the global medical marijuana market can be broadly segmented into pain management, neurological health management, mental health management, and others. Medical experts suggest that cannabis plant oil can be used for autoimmune diseases as immunotherapy, reducing psychotic symptoms in schizophrenia and even as a rehabilitation drug for those who are undergoing heroin addiction treatments. Stronger shreds of evidence persuade experts to believe that cannabis can also be used for the reduction of seizure in patients. In many states in the U.S. such as Ohio and California, medical physicians are legally permitted to prescribe cannabis to their patients.

Global Medical Marijuana Market: Report Scope

By Application

  • Pain Management
  • Neuropathic
  • Inflammatory
  • Neurological Health Management
  • Sclerosis
  • Epilepsy
  • Alzheimer’s Disease
  • Parkinson’s Disease
  • Huntington’s Disease
  • Other Diseases
  • Mental Health Management
  • Post Traumatic Stress Disorder (PTSD)
  • Depression
  • Anxiety
  • ADHD
  • Others
  • Others

By Distribution Channel

  • Pharmacies
  • Hospitals and Dispensaries
  • Online Retailers

By Type

  • Indica
  • Sativa
  • Hybrid

By Form

  • Capsule
  • Spray
  • Oil
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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