Multiple Sclerosis Treatment Market Research Report, By Drug Type (Immunomodulators, Immunosuppressant), By Route of Administration (Injectable, Oral and Other), By Diagnosis (Magnetic Resonance Imaging (MRI) Scans, Simple Electrical Stimulation Tests, Lumbar Puncture), By End Users (Hospitals, Clinics, and others) – Forecast till 2023
Medical Marijuana Market Overview:
The global market for medical marijuana is all set to garner a valuation of USD 54,677.1 million by 2023 with an impressive CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) in their latest report on the same included several factors like the relaxation of government regulations, growing intake from various research institutes, the inclusion of the product in several pharmaceutical products, growing number of FDA approvals are going to play in favor of the market.
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However, regulations in various countries are not supporting the medical marijuana producers owing to which their profit is dipping and sometimes they are facing various legal troubles. This can create a problem for the medical marijuana market. On the other hand, slow FDA approval can increase the amount of loss, which can deter producers from participating.
Medical Marijuana Market Segmentation:
The global report on the medical marijuana market has been segmented into product type, application, and distribution channel for a detailed study of various opportunities.
By product type, the report on the medical marijuana market can be segmented into oil, solids, dissolvable/powders, and ointments & creams. The dissolvable/powders segment has the potential to lead the market and its valuation is slated to surpass USD 22,648.8 million by the end of 2023.
By application, the report on medical marijuana contains a detailed analysis of segments like cancer, schizophrenia, Alzheimer’s disease, and multiple sclerosis. Its impact in treating cancer is immense.
By distribution channel, the market report