
Report ID: UCMIG35I2170
Report ID:
UCMIG35I2170 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the Missouri medical cannabis market exhibited a significant valuation of USD 394.1 million. Forecasts indicate that the market is poised for substantial growth in the coming years, with a projected compound annual growth rate (CAGR) of 21.40% from 2023 to 2030. This expansion is indicative of the increasing acceptance and demand for medical cannabis in the state. Factors such as evolving regulations, growing awareness about the potential health benefits, and a shift in public perception towards cannabis contribute to the positive outlook for the Missouri medical cannabis market. With its promising growth trajectory, the industry presents opportunities for investors and businesses to capitalize on the burgeoning market potential.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35I2170