Medical cannabis is increasingly becoming a popular alternative to traditional pain-relieving medications by demonstrating huge potential to provide various pain symptoms raging from being acute to chronic. The analgesic properties of cannabis help to ease pain resulting from nerve damage and inflammation and are also proven to be useful for inflammatory pain in arthritis patients and pain associated with severe illnesses like cancer and AIDS. Other than pain management, notable medical application areas of cannabis include muscle spasm, headaches, anxiety, vomiting, and nausea, among others. Apart from these applications, research studies have demonstrated the efficacy of cannabis for several other medical applications as well, including amyotrophic lateral sclerosis (ALS), asthma, autoimmune disorders, and certain neurodegenerative disorders like Alzheimer's disease, among others.

Request the Sample @ https://bisresearch.com/requestsample?id=702&type=download

However, out of all these application areas, pain management dominated the market in 2018 and accounted for 39.06% of the total market share of North America cannabis market, by medical application. It further demonstrated the fastest growth rate (CAGR: XX%) owing to the huge adoption of medical cannabis for different pain associated clinical conditions.

In 2018, the North America Cannabis market by distribution channel, is largely dominated by retail sales that accounted for almost XX% of the total market share. Presence of huge number of retail store outlets distributed across the country of the U.S. and Canada attributed to the huge contribution of revenue to the North America cannabis market. In addition, increased preference of customers of buying cannabis products from retail stores also contributed significantly in the growth of the cannabis market (retail sales). However, e-commerce sales of cannabis are expected to witness a higher growth rate as compared to retail sales. Ease of availability of cannabis products through online sales and shifting trend of companies toward the promotion of online platform for e-commerce sales of cannabis are held to be responsible for driving the growth of the North America cannabis market(e-commerce sales).

About Us:

BIS Research is a global market intelligence, research and advisory company which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market over the next five (or ten) years.

With over 150 market intelligence reports published annually, BIS Research focuses on various technology verticals such as 3D printing, advanced materials & chemicals, aerospace and defense, automotive, healthcare, electronics & semiconductors, robotics & UAV and other emerging technologies.

Each research report incorporates detailed analysis and subsequent quantification of- market dynamics, market drivers and restraints, opportunities, threats, market shares, current and emerging industry trends as well as detailed competitive landscape and intelligence.

Contact:

39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686,
E-mail : sales@bisresearch.com
Call Us : +1-510-404-8135

Votes: 0
E-mail me when people leave their comments –

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead