LONDON--(BUSINESS WIRE)--Aug 22, 2018--According to the latest market research report released by Technavio, the global medical marijuana market is expected to accelerate at a CAGR of more than 21% during the forecast period. The increasing use of cannabis for medical purposes is one of the key factors triggering the growth of the market.

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Technavio has published a new market research report on the global medical marijuana market from 2018-2022. (Graphic: Business Wire)

This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global medical marijuana market into the following application:

Chronic pain Nausea

In 2017, the chronic pain segment accounted for 39% of the global market and is projected to fall to 38% by 2022, exhibiting almost 1% decrease in market share.

Global medical marijuana market: Top emerging trend

The emergence of luxury cannabis products is an emerging trend in the medical marijuana space. Since the consumption of cannabis through smoking can be harmful, several vendors selling luxury cannabis products that make controlled consumption of cannabis beneficial to the users have emerged in the market. Luxury cannabis products can be defined as products that contain therapeutic doses of cannabis in edible products. They can be consumed without experiencing the side effects of smoking cannabis. Cannabis is being added to edibles such as cookies, chocolates, muffins, brownies, teas, and chewing gums. Madame Munchie is a company in the US that makes cannabis-infused edible products. Another vendor, Defonce Chocolates, makes edible cannabis chocolates that also come in a variety of flavors and sizes. Patients who are recommended specific dosages of cannabis by their physicians can consume these edibles.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Medical Marijuana Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (chronic pain and nausea)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Aurora Cannabis, GW Pharmaceuticals, mCig, Medical Marijuana, and United Cannabis)

About Technavio

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With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 08/22/2018 06:44 AM/DISC: 08/22/2018 06:44 AM