Pharmaceutical Grade Marijuana Market 2019-2025
Market Highlights:
The report provides key statistics on the market status of the Pharmaceutical Grade Marijuana manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2012-2017 market shares for each company. Through the statistical analysis, the report depicts the global and Chinese total market of Pharmaceutical Grade Marijuana industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.
The major factors for the growth of the medical marijuana market include the increasing number of countries legalizing the use of medical marijuana, trend of producing edible products with cannabis, and favorable reimbursement environment and government support in selected countries, which are expected to experience a boost over the forecast period.
Each year, the legal use of cannabis for medical and recreational purposes is steadily growing, but it varies across countries, based on the possession, distribution, cultivation, and medical indications for its consumption. Therefore, over the forecast period, the change is expected to be slow, but more legal consumption of cannabis is expected in the developed market, which is expected to largely drive the market studied.
Currently, there is also an increasing use of marijuana as a functional food, with purported health benefits far outnumbering what consumers can get from kale, turmeric, or kombucha. With the new generation growing up in the United States, where cannabis is legal, new products are found rapidly entering the market, which is expected to grow rapidly over the forecast period. The growth of the market is also attributed to factors, like the trends of producing edible products with cannabis in selected countries. Therefore marijuana is expected to be included in the 2018 food trends, as the drug and its ingredients have been gradually making their way into the public market.
Doctors also prescribe medical marijuana to treat muscle spasms caused by multiple sclerosis, nausea, poor appetite, and weight loss, caused by chronic illness, such as HIV, nerve pain, and Crohn’s disease. Thus, with the increasing applications, there is a huge opportunity for marijuana for medicinal purposes as well.
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In addition to the data part, the report also provides overview of Pharmaceutical Grade Marijuana market, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics.
Finally, a customized report in order to meet user’s requirements is also available.
Scope of the Report
As per the scope of the report, medical marijuana refers to the whole, unprocessed marijuana plant, or its basic extracts, for the treatment of several diseases and other related symptoms. Scientific studies show that chemical cannabinoids could help treat a range of diseases and symptoms, which has attracted several biopharmaceutical companies, globally, over the past two decades. The market is expected to witness significant growth, owing to legalization in several countries and high demand for both medical and recreational purposes.
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The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2017-2022 market development trends of Pharmaceutical Grade Marijuana industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.
Key Market Trends
Chronic Pain is the Segment under Application that is Expected to Experience the Fastest Growth during the Forecast Period
There are many studies that have shown that medical cannabis is found to be an effective method for the treatment of chronic pain, and that it is far safer than many other options. It is an affordable, natural alternative that lacks side effects and is traditionally used to treat chronic pain. There are also several ongoing researches on medical marijuana for the treatment of chronic pain, which is expected to directly impact the growth of the market.
Marijuana is also being used for the treatment of arthritis, as it has the potential to reduce inflammation, as well reduce pain. There is also an increasing research on medical marijuana for the treatment of cancer and commercially available cannabinoids, which are approved drugs for chemotherapy, and which are likely to augment the growth of the market. Marijuana, being an effective treatment for neuropathic pain, is expected to further rise over the forecast timeframe.
North America Accounted for the Largest Share in the Global Market
North America holds the major share in the medical marijuana market, and is expected to show a similar trend over the forecast period, without significant fluctuations. The surging pace of cannabis legalization in the United States is one of the key factors contributing to its increased demand. There are also many marijuana programs in the United States that have accelerated, and most of the states have started to approach medical marijuana from the perspective of good public health.
Competitive Landscape
The market studied is dominated by a few major players, and currently, only in a few countries, the use of cannabis is legal. Because of this, several companies were not able to launch their products.
Table of Contents
- Introduction of Pharmaceutical Grade Marijuana Industry Introduction
- Manufacturing Technology of Pharmaceutical Grade Marijuana
- Analysis of Global Key Manufacturers
- 2011-2016 Global and Chinese Market of Pharmaceutical Grade Marijuana
- Market Status of Pharmaceutical Grade Marijuana Industry
- 2016-2021 Market Forecast of Global and Chinese Pharmaceutical Grade Marijuana Industry
- Analysis of Pharmaceutical Grade Marijuana Industry Chain
- Global and Chinese Economic Impact on Pharmaceutical Grade Marijuana Industry
- Market Dynamics of Pharmaceutical Grade Marijuana Industry
- Proposals for New Project
- Research Conclusions of Global and Chinese Pharmaceutical Grade Marijuana Industry
- Tables and Figures
Key Insight:
– Industry Value Chain
– Region
– Historical and Future Market
– Supply and Demand
– Price and Cost
– Drivers and Challenges
– Key Vendors
Continued …
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