LONDON–(BUSINESS WIRE)–Technavio has been monitoring the medical marijuana market and it’s poised to develop by USD 22.33 bn throughout 2020-2024, progressing at a CAGR of over 24% through the forecast interval. The report presents an up-to-date evaluation concerning the present market situation, newest developments and drivers, and the general market surroundings. Download Latest Free Sample Report 2020 – 2024
Though the COVID-19 pandemic continues to remodel the expansion of assorted industries, the instant impression of the outbreak is different. Whereas a couple of industries will register a drop in demand, quite a few others will proceed to stay unscathed and present promising development alternatives. Technavio’s in-depth analysis has all of your wants coated as our analysis studies embrace all foreseeable market situations, together with pre- & post-COVID-19 evaluation.
Steadily Requested Questions:
What are the main developments out there?
A rise in funding for analysis and manufacturing of medical marijuana is a serious development driving the expansion of the market.
At what fee is the market projected to develop?
The market will speed up at a CAGR of over 24% and the incremental development of the market is anticipated to be $ 22.33 bn.
Who’re the highest gamers out there?
Aphria Inc., Aurora Hashish Inc., Hashish Sativa Inc., Cover Progress Corp., Cronos Group Inc., GW Prescription drugs Plc, mCig Inc., Medical Marijuana Inc., United Hashish Corp., and Vivo Hashish Inc, are a number of the main market individuals
What’s the key market driver?
The growing manufacturing of medical marijuana is likely one of the main elements driving the market.
How massive is the North America market?
The North America area will contribute 57% of the market share.
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The market is fragmented, and the diploma of fragmentation will speed up through the forecast interval. Aphria Inc., Aurora Hashish Inc., Hashish Sativa Inc., Cover Progress Corp., Cronos Group Inc., GW Prescription drugs Plc, mCig Inc., Medical Marijuana Inc., United Hashish Corp., and Vivo Hashish Inc. are a number of the main market individuals. The growing manufacturing of medical marijuana will supply immense development alternatives. To make a lot of the alternatives, market distributors ought to focus extra on the expansion prospects within the fast-growing segments, whereas sustaining their positions within the slow-growing segments.
Technavio’s customized analysis studies supply detailed insights on the impression of COVID-19 at an business degree, a regional degree, and subsequent provide chain operations. This custom-made report can even assist shoppers sustain with new product launches in direct & oblique COVID-19 associated markets, upcoming vaccines and pipeline evaluation, and important developments in vendor operations and authorities laws.
Medical Marijuana Market 2020-2024: Segmentation
Medical Marijuana Market is segmented as under:
- Power Ache
- North America
- South America
To be taught extra concerning the international developments impacting the way forward for market analysis, obtain a free pattern: https://www.technavio.com/talk-to-us?report=IRTNTR40220
Medical Marijuana Market 2020-2024: Scope
Technavio presents an in depth image of the market by the way in which of examine, synthesis, and summation of knowledge from a number of sources. The medical marijuana market report covers the next areas:
- Medical Marijuana Market Dimension
- Medical Marijuana Market Traits
- Medical Marijuana Market Trade Evaluation
This examine identifies a rise in funding for analysis and the manufacturing of medical marijuana as one of many prime causes driving the medical marijuana market development through the subsequent few years.
Technavio suggests three forecast situations (optimistic, possible, and pessimistic) contemplating the impression of COVID-19. Technavio’s in-depth analysis has direct and oblique COVID-19 impacted market analysis studies.
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Medical Marijuana Market 2020-2024: Key Highlights
- CAGR of the market through the forecast interval 2020-2024
- Detailed info on elements that can help medical marijuana market development through the subsequent 5 years
- Estimation of the medical marijuana market dimension and its contribution to the mother or father market
- Predictions on upcoming developments and adjustments in client conduct
- The expansion of the medical marijuana market
- Evaluation of the market’s aggressive panorama and detailed info on distributors
- Complete particulars of things that can problem the expansion of medical marijuana market distributors
Desk of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.three Forex conversion charges for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market traits
- Worth chain evaluation
- Market segmentation evaluation
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market dimension and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining energy of patrons
- Bargaining energy of suppliers
- Menace of latest entrants
- Menace of substitutes
- Menace of rivalry
- Market situation
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by utility
- Comparability by utility
- Power ache – Market dimension and forecast 2019-2024
- Nausea – Market dimension and forecast 2019-2024
- Others – Market dimension and forecast 2019-2024
- Market alternative by utility
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparability
- North America – Market dimension and forecast 2019-2024
- Europe – Market dimension and forecast 2019-2024
- APAC – Market dimension and forecast 2019-2024
- South America – Market dimension and forecast 2019-2024
- MEA – Market dimension and forecast 2019-2024
- Key main nations
- Market alternative
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Rising variety of consciousness campaigns
- Launch of medical marijuana teaching programs
- Improve in funding for analysis and manufacturing of medical marijuana
PART 12: VENDOR LANDSCAPE
- Panorama disruption
- Aggressive situation
PART 13: VENDOR ANALYSIS
- Distributors coated
- Vendor classification
- Market positioning of distributors
- Aphria Inc.
- Aurora Hashish Inc.
- Hashish Sativa, Inc.
- Cover Progress Corp.
- Cronos Group Inc.
- GW Prescription drugs Plc
- mCig Inc.
- Medical Marijuana, Inc.
- United Hashish Corp.
- Vivo Hashish, Inc.
PART 14: APPENDIX
- Analysis methodology
- Checklist of abbreviations
- Definition of market positioning of distributors
PART 15: EXPLORE TECHNAVIO
Technavio is a number one international expertise analysis and advisory firm. Their analysis and evaluation focuses on rising market developments and gives actionable insights to assist companies determine market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 studies and counting, protecting 800 applied sciences, spanning throughout 50 nations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 corporations. This rising shopper base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to determine alternatives in current and potential markets and assess their aggressive positions inside altering market situations.