Medical Marijuana Market is Anticipated to Reach USD 55.8 Billion by 2025 – Market Research Report 2017

February 22 16:01 2017

Orbis Research
OrbisResearch.com has published new research report on “Medical Marijuana Market Analysis By Application, (Chronic Pain, Arthritis, Migraine, Cancer) By Country (U.S., Canada, France, Italy, Switzerland, Israel, Belgium ,Czech Republic, Estonia), And Segment Forecasts, 2013-2025” to its database.

The global medical marijuana market is expected to reach a value of USD 55.8 billion by 2025, according to a new report by Grand View Research, Inc. It has been identified that, in 2016, Washington D.C. along with 28 states have legalized marijuana for medical uses. In 2016, states such as Arkansas, Florida, North Dakota, Ohio, and Pennsylvania were approved to use the drug in medical applications such as chemotherapies and pain management. The growing number of states and countries getting approval for using it in therapeutic applications is one of the crucial factors driving the demand over the coming few years.

Browse the report: http://www.orbisresearch.com/reports/index/medical-marijuana-market-analysis-by-application-chronic-pain-arthritis-migraine-cancer-by-country-us-canada-france-italy-switzerland-israel-belgium-czech-republic-estonia-and-segment-forecasts-2013-2025

The presence of several regulatory frameworks such as the Medical Marijuana Regulation and Safety Act is indicators of the present demand for the drug in the market. The regulatory framework requires every individual or the company associated such as growers, retail operators, and makers of processed pot products to obtain permission and an annual state license from 2018. An increasing number of issued licenses is also among factors that is expected to drive the market especially after 2018.

The increasing interest amongst the academic researchers and healthcare providers regarding the therapeutic uses of marijuana is among the significant factors, which is driving the market over the coming years. Some of its potential therapeutic values are suppression of vomiting & nausea, pain relief, and appetite stimulation. In addition, research states that marijuana is effective in providing relief to the patient suffering from HIV/AIDS, glaucoma, cancer, and multiple sclerosis. The growing number of therapeutic applications of the drug is one of the key factors that is propelling the market over the forecast period.

Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/210518

Further Key Findings From the Study Suggest:

In 2015, chronic pain was the largest application segment owing to the presence of a huge patient base.

The growing prevalence of chronic pain elevates the demand for the drug, thus expected to boost the medical marijuana for chronic pain management.

The rapidly growing number of cannabis legalization in the U.S. is one of the key attributes for its increased demand in therapeutic and recreational uses, and thus anticipated to impel the market growth.

Increasing investment in R&D & demand for cannabis in chemotherapy is expected to drive the growth in the Asia Pacific market.

Buy the [email protected]http://www.orbisresearch.com/contact/purchase/210518

Some of the key players are Cara Therapeutics Inc.; CannaGrow Holdings, Inc.; Cannabis Sativa, Inc.; United Cannabis Corporation; GrowBlox Sciences, Inc.; GW Pharmaceuticals, plc; Lexaria Corp; International Consolidated Companies, Inc.

Major points From table Of Contents:

Chapter One: Research Methodology

Chapter Two: Executive Summary

Chapter Three: Medical Marijuana Market Variables, Trends & Scope

Chapter Four: Medical Marijuana Application Estimates & Trend Analysis

Chapter Five: Medical Marijuana Regional Estimates & Trend Analysis, by Application

Chapter Six: Competitive Landscape

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Media Contact
Company Name: Orbis Research
Contact Person: Hector Costello
Email: Send Email
Phone: +1 (214) 884-6817
Address:4144N Central Expressway, Suite 600
City: Dallas
State: Texas
Country: United States
Website: http://www.orbisresearch.com/reports/index/medical-marijuana-market-analysis-by-application-chronic-pain-arthritis-migraine-cancer-by-country-us-canada-france-italy-switzerland-israel-belgium-czech-republic-estonia-and-segment-forecasts-2013-2025

  Categories: