Global Medical Cannabis Market Research Report: By Product form (Powders, Solids, Ointments and creams, Oil, Others), By Derivative (Cannabidiol, Tetrahydrocannabinol), By Application (Arthritis, Cancer, Alzheimer’s Disease, Others) and By Distribution Channel (Retail pharmacy, Online stores, Others) – Forecast to 2027Market HighlightsAccording to MRFR analysis, the global medical cannabis market is expected to register a CAGR of ~15.4% during the forecast period of 2019 to 2025 and was valued at USD 13.6 million in 2018.Marijuana is a plant containing a chemical compound known as cannabis that has curative properties.
The legal use of cannabis for medical and purposes is increasing, but it varies across countries, based on the distribution, possession, cultivation, and medical indications for its consumption.The growth of global medical cannabis market is driven by various factors such as an increase in consumption of cannabis, rising prevalence of chronic diseases and other medical conditions, increasing legalization of medical marijuana in multiple countries, rise in research & development of cannabinoid.
The key players are involved in product launches and strategic collaborations to strengthen their market positions.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/8368Regional AnalysisThe market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The medical cannabis market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
The medical cannabis market in the Middle East & Africa has been divided into the Middle East and Africa.SegmentationThe global medical cannabis market has been segmented based on product form, derivative, application, and end user.The market, based on product form, has been divided into powders, solids, ointments and creams, oil, and others.