Global Medical Marijuana Market 2018-2022 to Grow at a CAGR of 21.11% - ResearchAndMarkets.com

DUBLIN--()--The "Global Medical Marijuana Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global medical marijuana market is forecast to grow at a CAGR of 21.11% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is emergence of luxury cannabis products. Since the consumption of cannabis through smoking can be harmful, many vendors selling luxury cannabis products that make controlled consumption of cannabis beneficial to the users have emerged in the market.

According to the report, one driver in the market is increasing use of cannabis for medical purposes. Cannabis used for medicinal purposes is referred to as medical marijuana or medical cannabis. This term refers to utilizing the whole, unprocessed cannabis plant or its extracts to treat a variety of symptoms and conditions. It can also be obtained through synthetic derivatives of cannabis. Medical cannabis contains a variety of compounds that are collectively referred to as cannabinoids.

Further, the report states that one challenge in the market is high cost of cannabis testing products. Although vendors in the cannabis testing market such as Agilent Technologies, Merck, Perkin Elmer, Shimadzu Corporation, and Thermo Fisher Scientific offer high-quality analytical products, they are all high-priced and thus, pose a challenge for cannabis testing laboratories. Medium and small-scale testing laboratories are cramped for budgets required for testing equipment.

Key Vendors

  • Aurora Cannabis
  • GW Pharmaceuticals
  • mCig
  • Medical Marijuana
  • United Cannabis

Key Topics Covered

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation by Application

Part 08: Customer Landscape

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers and Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/qvvrpg/global_medical?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Analgesics

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Analgesics