The global medical
marijuana market is expected to reach a value of USD 55.8 billion by
2025, according to a new report by Grand View Research, Inc. It has been
identified that, in 2016, Washington D.C. along with 28 states have legalized
marijuana for medical uses. In 2016, states such as Arkansas, Florida, North
Dakota, Ohio, and Pennsylvania were approved to use the drug in medical
applications such as chemotherapies and pain management. The growing number of
states and countries getting approval for using it in therapeutic applications
is one of the crucial factors driving the demand over the coming few years.
The presence of several regulatory frameworks
such as the Medical Marijuana Regulation and Safety Act is indicators of the
present demand for the drug in the market. The regulatory framework requires
every individual or the company associated such as growers, retail operators,
and makers of processed pot products to obtain permission and an annual state
license from 2018. An increasing number of issued licenses is also among
factors that is expected to drive the market especially after 2018.
The increasing interest amongst the academic
researchers and healthcare providers regarding the therapeutic uses of
marijuana is among the significant factors, which is driving the market over
the coming years. Some of its potential therapeutic values are suppression of
vomiting & nausea, pain relief, and appetite stimulation. In addition,
research states that marijuana is effective in providing relief to the patient
suffering from HIV/AIDS, glaucoma, cancer, and multiple sclerosis. The growing
number of therapeutic applications of the drug is one of the key factors that
is propelling the market over the forecast period.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/medical-marijuana-market
Further key findings from the study suggest:
- In 2015, chronic pain was the largest application segment owing to the presence of a huge patient base
- The growing prevalence of chronic pain elevates the demand for the drug, thus expected to boost the medical marijuana for chronic pain management
- The rapidly growing number of cannabis legalization in the U.S. is one of the key attributes for its increased demand in therapeutic and recreational uses, and thus anticipated to impel the market growth
- Increasing investment in R&D & demand for cannabis in chemotherapy is expected to drive the growth in the Asia Pacific market
- Some of the key players are Cara Therapeutics Inc.; CannaGrow Holdings, Inc.; Cannabis Sativa, Inc.; United Cannabis Corporation; GrowBlox Sciences, Inc.; GW Pharmaceuticals, plc; Lexaria Corp; International Consolidated Companies, Inc.
Read our blog on medical marijuana market: http://www.grandviewresearch.com/blog/medical-marijuana-market-size-share
Grand View Research has segmented 3D cell culture market on the basis of technology, application,
end use and region:
Global 3D Cell Culture Outlook, by Technology (Revenue, USD Million, 2013 - 2024)
·
Scaffold Based
o
Hydrogels
o
Polymeric Scaffolds
o
Micro - patterned Surface Microplates
·
Scaffold Free
o
Hanging Drop Microplates
o
Spheroid Microplates with ULA coating
o
Microfluidic 3D Cell Culture
o
Magnetic Levitations & 3D Bioprinting
·
Bioreactors
Global 3D Cell CultureOutlook, by Application (Revenue, USD Million,
2013 - 2024)
·
Cancer
·
Tissue Engineering & Immunohistochemistry
·
Drug Development
·
Stem Cell Research
·
Others
Global 3D Cell CultureOutlook, by End - use, (Revenue, USD Million,
2013 - 2024)
·
Biotechnology and Pharmaceutical Industries
·
Research Laboratories and Institutes
·
Hospitals and Diagnostic Centers
·
Others
Global 3D Cell Culture Market, Regional Outlook (Revenue, USD
Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
·
MEA
o
South Africa
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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