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The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 13.1 billion
• Forecast CAGR (2021-2026): 14%
• Forecast Market Size (2026): USD 28.8 billion
Medical marijuana usage is subject to unusual fluctuations in disposable incomes, despite the fact that spending on health items is less likely to fluctuate. As a result, increased disposable income would boost demand for medical cannabis. The chronic pain segment dominates the application market.
Industry Definition and Major Segments
Cannabis is a psychoactive drug derived from the cannabis plant, which belongs to the Cannabaceae family. Ancient Indian, Chinese, Egyptian, and Islamic societies all used the drug. Cancer, chronic pain, depression, asthma, diabetes, glaucoma, migraines, epilepsy, multi-sclerosis, AIDS, amyotrophic lateral sclerosis (ALS), Alzheimer’s, post-traumatic stress disorder (PTSD), Parkinson’s, and Tourette’s are among the disorders with which cannabis is now used. Owing to its therapeutic effects, cannabis has been licenced for medical use in a number of countries with varying degrees of legal restrictions.
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Based on the product, the industry can be divided into:
Based on species, the industry is segmented into:
The market can be broadly categorised based on its applications into:
• Chronic Pain
• Mental Disorders
The distribution channels can be divided into:
• Online Retailers
The EMR report looks into the regional markets like:
• New England
• Great Lakes
• Rocky Mountain
• Far West
The region’s ageing population has aided in the growth of the medical cannabis industry, as geriatric patients are more likely to develop chronic diseases and need more doctor visits. Clinical trials, research and development, and the commercialization of cannabis-based indications are also expected to fuel market growth.
Key Market Players
The major players in the market are Green Man Cannabis, Los Sueños Farms LLC, Copperstate Farms, LLC, Harvest Health & Recreation, Inc., GrowHealthy Holdings, LLC, Vireo Health of New York (OTC: VREOF) and LivWell Enlightened Health LLC. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Email: [email protected]
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