Global Medical Cannabis Market Analysis By Product Type (Cannabis Indica, Cannabis Sativa, Others)

Date: 4 April 2019

Globally, the market for Medical Cannabis has been growing on a swift pace on the back of escalating application of cannabis in a number of industries ranging from healthcare to Food and Beverage. Additionally, government in major countries are focusing on legalizing the medical application of cannabis keeping under consideration the medicinal benefits associated with cannabis supported by burgeoning demand for high quality, organic cannabis globally which is the reason why major manufacturers are focusing on providing the quality product to customers. All these factors are driving a considerable growth in the market for Global Medical Cannabis during the period.

According to Azoth Analytics research report, “GlobalMedical Cannabis Market - Analysis By Product Type (Cannabis Indica, Cannabis Sativa, Others), By Application (Chronic Pain, Mental Disorders, Cancer, Others), By Consumption Pattern (Flowers, Concentrates, Edibles, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, Italy, Czech Republic, Croatia, Thailand, Australia, Uruguay, Turkey)“ global market is projected to display a robust growth represented by a CAGR of 16.82% during 2019 – 2024.

Cannabis Indica under Medical Cannabis, Chronic Pain and Flowers under the respective segments have been witnessing growth at a notable rate over the past few years as cannabis have been scientifically proven to relief patients who are suffering from various medical complications clubbed with countries taking initiatives to legalize the cannabis for medical application. Amongst the regions, North America accounts for the largest regional share in the global Medical Cannabis market in 2019. Key factors driving the robust growth rate of North America region include supportive government with relaxed norms relating to the cannabis industry backed with rising investment in driving more medicinal benefits of cannabis and US and Canada being the most dominative cannabis market globally, are fuelling the market growth in the Medical cannabis industry in North America.

The report titled “Global Medical Cannabis Market - Analysis By Product Type (Cannabis Indica, Cannabis Sativa, Others), By Application (Chronic Pain, Mental Disorders, Cancer, Others), By Consumption Pattern (Flowers, Concentrates, Edibles, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, Italy, Czech Republic, Croatia, Thailand, Australia, Uruguay, Turkey)“ has covered and analysed the potential of Global Medical Cannabis Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global medical cannabis market. Additionally, the report also highlights market entry strategies for various companies across the globe. 
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