Medical Marijuana Market Forecasts, Trends, and Research Analysis to 2023Posted by Shrikant Gadewar on September 5th, 2019 Market Overview: Medical Marijuana Market is witnessing unprecedented growth due to its rapid proliferation in the healthcare sector. Its chemical component, known as cannabinoids, has medicinal properties which are gaining traction in pharmaceutical researches. The global medical marijuana market can expect a CAGR of 35.4% during the forecast period (2018-2023), reveals Market Research Future (MRFR) in an extensive study that includes market factors such as the detailed study of government initiatives, its increasing use in therapeutic applications. Rising cases of chronic diseases, and hike in investment by both private and government facilities regarding research. Furthermore, the report incorporates segmental analysis for a better understanding of the medical marijuana market in coming years. On the flip side, stringent government policies can pull back the regular growth of the medical marijuana market. Its increasing recreational use may dampen its market prospect and jeopardize further growth. Access Full Report Details and TOC Exclusively @ https://www.marketresearchfuture.com/reports/medical-marijuana-market-6470
Regional Analysis: Geographic analysis of medical marijuana market can be segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The Americas is running in the forefront with various improvisation and researches getting implemented in the healthcare sector. Canada and the U.S. are substantially contributing in the growth of the North American regional medical marijuana market, and the medicines are getting approved by FDA which is a positive sign for the future market. The APAC can also register considerable growth as the region is making significant progress in cancer research with marijuana. The European market is the second largest market with eased out government policies and increasing support from various sectors. Industry Trend: Clean Green Biosystems is pioneering a new extraction process with the integrated cryo ethanol extraction process. The system comprises American Society of Mechanical Engineers (ASME) and Current Good Manufacturing Practice (cGMP) process that includes equipment like the extractor, shell, tube heat exchanger, condenser, pumps, and other accessories. The process is expected to enhance the efficiency of the entire cannabinoid extraction process. Creso Pharma's anibidio, a hemp-based product is revolutionizing pet care by increasing the immunity level of pets and moderating pet behavior. The product exhibits excellent tolerance and safety measures. At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India +1 646 845 9312 Like it? Share it! More by this author |