Global Medical Cannabis Market Overview 2018, Demand by Regions, Share, Trends, Key Playres and Forecast to 2023

1. Medical Cannabis Market Boosted by Therapeutic Advantages Copyright © IMARC. All Rights Reserved

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3. Report Description and Highlights Report Description   Global Medical Cannabis Market Boosted by Therapeutic Advantages The global medical cannabis market has been witnessing a robust growth over the past few years. This can be accredited to the aging population, mounting investments in R&D activities and an increase in the number of countries which are legalising the use of cannabis for medical purposes. According to the recent report by IMARC Group, titled “Medical Cannabis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global medical cannabis market reached a value of more than US$ 11 Billion in 2017. Medical cannabis is currently in an introductory phase in the pharmaceutical industry and is gradually gaining acceptance across the globe. It is prescribed by doctors in the form of smoke, vapour and liquid extracts so as to alleviate the symptoms of various conditions or diseases like depression, migraine, chronic pain, arthritis, multiple sclerosis, nerve damage, anxiety, epilepsy, Parkinson’s disease, PTSD, etc. In comparison with the recreational cannabis, medical cannabis has a higher amount of Cannabidiol (CBD) and lower count of Tetrahydrocannabinol (THC) which helps in retaining anti-psychotic effects and providing therapeutic advantages to patients.

4. Report Description and Highlights Report Description • On account of anti-proliferative and anti-spasmodic effects of medical cannabis, several countries are legally approving its employment in the treatment of various health conditions. For instance, medical cannabis is now used for reducing nausea and increasing the appetite of chemotherapy patients. Besides this, as aging population is more likely to develop chronic diseases, it plays a vital role in strengthening the growth of the medical cannabis market. Some of the other major factors which are boosting the market growth include inflating disposable incomes, urbanisation, and high investment in clinical trials as well as research and development activities so as to develop safer forms of cannabis. Looking forward, the market value is projected to reach nearly US$ 37 Billion by 2023, expanding at a CAGR of 22% during 2018-2023. • Market Summary: • On the basis of species, the market has been segmented into Indica, Sativa and Hybrid. Presently, Indica cannabis dominates the market as it is used for treating insomnia and relieving body pain, headache and migraine. • Based on derivative, the market has been segregated into Cannabidiol (CBD), Tetrahydrocannabinol (THC) and others. Currently, Cannabidiol is widely used for medical purposes as it relatively consists low levels of toxicity. • Read more here: http://bit.ly/2OojUqq

5. Report Description and Highlights Report Description • On the basis of application, cancer holds the majority of the market share. Other key applications of medical cannabis include arthritis, migraine, epilepsy and others. • Based on end-use, the market has been bifurcated into pharmaceutical industry and development centres. At present, the pharmaceutical industry accounts for the largest market share. • The market is also divided on the basis of route administration which includes oral solutions and capsules, smoking, vaporizers, topicals and others. Currently, oral solutions and capsules exhibit a clear dominance in the market. • Region-wise, the market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. While North America is further classified into the United States and Canada, the European region is segmented into Germany, Italy, France, Netherlands and Spain. Amongst these, North America is the leading market holding the majority of the global share. • The competitive landscape of the market has also been examined with some of the key players being Canopy Growth Corporation, GW Pharmaceuticals, Aurora Cannabis, Inc., Aphria Inc., MedReleaf Corporation, Insys Therapeutics, Inc., CanniMed Therapeutics, Inc., Cara Therapeutics, Inc. and United Cannabis Corporation. • Want more information about this market? Request a free report sample: • https://www.imarcgroup.com/request?type=report&id=1053&flag=B

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7. Report Description and Highlights Report Description © 2017 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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