Cannabis Market expected to reach 7.67 billion by 2025Posted by Priya Deshmukh on June 13th, 2019 Cannabis Market expected to reach 7.67 billion by 2025 Cannabis Market Report and Patent Landscape Analysis – 2025 by Applications (Medicinal and Recreational), by Product Types ( Dried Flowers – , Concentrates and other infused products like edibles, topical, beverages), by Regional Segmentation (North America, South America, Europe, the Rest of World (RoW)), by Patent Activities (Leading Patent Players, Technical Analysis Of Patent Landscape, Patent Licensing, Academic and Corporate Collaborations), Global Forecast – 2025. The global markets for Cannabis were estimated at .5 billion in 2018. It is expected to reach 7.67 billion by 2025 growing at a CAGR of 33.17 percent. The Cannabis Market Report by AheadIntel focuses on the legal cannabis including its technology, market research and patent landscape and also analyze the current market dynamics and prospective future developments to present an accurate business and patent landscape for Cannabis technology. Patent Landscape Analysis of cannabis technology presents Patent trends in detail to understand the research and development activities happening around the world over the years, competitive landscape focusing on active players in the industry, growth strategies, strategic imperatives and detailed profiling of critical companies. Increasing public and private investment for research Large investment in R&D of safer forms of consumption of marijuana is expected to drive the overall global cannabis market. In the fourth quarter of 2018, .9 billion capital was raised globally by the cannabis companies. MJardin Group, Inc, a leader in cannabis management, recently announced its first cannabis research investment to fund studies on the benefits of cannabinoids in treatment of epilepsy and schizophrenia. Canopy Growth received a huge investment of billion from alcoholic beverage giant, Constellation Brands in August 2018 increasing its stake in the company to 38 percent. Investors are shifting focus from Canada to legal US states Lately investment interest has mostly been moving away from the Canadian industry towards legal US states. The legalization of medical as well as recreational Cannabis in more US states is expected in the coming years which will offer a huge market size for the investors to shift their focus. Although the initial sales may be at an average level, the market is expected to gain significantly over the forecasted period as the demand evolves and the products gain mainstream acceptance. Industry experts are of the opinion that if it was legalized nationally, it would overtake the total revenue generated from the sales of ice creams. At present, three in five US citizens live in the areas where medical Cannabis is legal, and one in five US citizen lives in the areas where recreational Cannabis is legal. Medical Cannabis segment is the leading focus area of R&D with 7634 patent applications, whereas the recreational segment holds 735 patents The USA is the priority region after China for approximately 33 percent of patent filings. Region wise, APAC and RoW is ahead of North America in innovation activities with 55 percent of the fillings. More than 80 percent of priority filings in APAC are from China. Japan has emerged as a key potential market for Cannabis with 1791 subsequent patent applications closely followed by Canada with 1434 applications. Korea, India, and Mexico are also well represented indicating a potential market. AbbVie Inc holds the largest patent portfolio in Cannabis with 216 IP assets Other companies leading the Cannabis patent portfolio include GW Pharmaceuticals, Pfizer, and Merck & Co. Tariq Ghayur from AbbVie and Geoffrey guy, founder of GW Pharmaceuticals have the maximum number of patent families in the Cannabis landscape, followed by Ke Zheng and Tianrui Chen. Other researchers such as Venkat Goskonda and Mingda Luo are also active in Cannabis research activities. About Ahead Intelligence (AheadIntel) Ahead Intelligence (AheadIntel) is a technology and patent research company providing premium, comprehensive technology research on different topics. We combine IP intelligence with business and market insights to give you the complete picture around a technology space. All our reports come with interactive dashboards that give you access to the patent data and allow you to dig deeper insights into the technology space. Like it? Share it! More by this author |
