Medical Marijuana - Thematic Research
Medical Marijuana - Thematic Research
Summary
"GlobalData’s Medical Marijuana Thematic Analysis report combines key opinion leader insight, interviews with industry experts and surveys of prescribing physicians and consumers in the US, France, Germany, Italy, Spain, the UK, Canada, Israel and Australia to provide an in-depth review of the medical marijuana market.
The medical marijuana market is expected to grow at a CAGR of 81.3% between 2018 and 2025. Growth in the medical marijuana market will be driven by the approval of marketed drugs in additional markets. For example, Epidiolex is approved in the US and recently launched in France, Germany and the UK. The drug, which is used to treat refractory childhood-onset epilepsies is expected to launch in Spain and Italy, among other markets in 2020. Similarly, GW Pharma's Sativex is approved for muscle spasticity in patients with multiple sclerosis in many European markets and is at the pre-registration stage in the US. Launching in this market will drive sales. Furthermore, label expansion opportunities and the launch of novel agents in the coming years will lead to explosive growth making the market value worth an estimated $3.2B by 2025.
The report includes an assessment of ongoing clinical trials, the geographical location of trial sponsors, discussion of the key players in the medical marijuana space as well as insights from industry experts discussing market challenges and considerations of stakeholders in the arena."
Key Highlights
- The medical marijuana market is expected to grow at a CAGR of 81.3% from 2018 to 2025. The launch of pipeline agents Zygel and lenabasum will add to the number of products in the market which will reaching a global value of $3.2 billion in 2025.
- There are currently five approved medical marijuana therapies across the countries discussed in this report (US, France, Germany, Italy, Spain, UK, Canada, Israel and Australia). The products are Epidiolex, Marinol, Sativex, Nabilone and Syndros. The main issues presented are the fact that Epidiolex and Sativex are unaffordable without coverage from health insurance policies. The THC-content of products like Marinol also presents a barrier to approval in markets other than the US. This is because of its psychoactive properties. Another clinical obstacle is the tolerability of oromucosal sprays as pediatric patients can have difficulty with the taste of these therapies.
Other unmet needs include updating treatment guidelines and conducting more clinical research into the safety and efficacy of medical marijuana products for chronic diseases.
- KOLs were impressed by the diversity of the medical marijuana pipeline and emphasized the need for more research as an urgent unmet need.
- There is widespread diversity in the size and geographical location of companies investigating medical marijuana. Additionally, an active deals landscape between non-profit research organizations, academic institutions and biopharmaceutical companies presents opportunities for more comprehensive studies in the field.
- Refining dosing arrangements and gaining marketing authorization in various markets is expected to be a challenge that will persist in the market as well as the enforcement of good manufacturing practices that meet the standards set by different regulatory bodies such as the FDA, the Therapeutic Goods Administration (TGA) in Australia and the European Medicines Agency (EMA).
- Rapid uptake of therapeutics is anticipated due to the refractory nature the conditions for which products are being developed. Patients with Dravet syndrome and Lennox-Gastaut syndrome are likely to have hundreds of seizures every two weeks which causes significant disruption to the quality of life of patients and their carers.
- High costs of therapy associated with products treating orphan indications are expected to remain an unmet need in the foreseeable future.
Key Questions Answered in This Report
- What was the value of the medical marijuana market in 2018
- What challenges do biopharmaceutical companies developing medical marijuana therapeutics face that are unique to this field
- Which patients do prescribing physicians think are most likely to benefit from treatment with medical marijuana
- What are the concerns and perceptions of prescribers and potential consumers of medical marijuana across the nine markets covered in this report
- What are the unmet needs in the medical marijuana market and what opportunities remain for industry players
Scope
- Overview of the potential applications of medical marijuana including SWOT analysis of marketed and late-stage pipeline agents
- In-depth analysis of diseases where at least one medical marijuana product is used in clinical practice
- Key topics covered include assessment of strategic consolidations, unmet needs, clinical trial mapping, examination of market opportunities and challenges
- Discussion of late-stage pipeline products including a sales forecast from 2018-2025
- Pipeline analysis: comprehensive data and discussion of emerging trends, the significance of the endocannabinoid system in various conditions, the route of administration of pipeline agents and the markets in which the drugs are expected to launch.
- Analysis of the current and future market competition in the global medical marijuana therapeutics market. Insightful review of the key industry drivers, restraints and challenges. Each trend is independently researched to provide qualitative analysis of its implications.
Reasons to buy
The report will enable you to -
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the global medical marijuana market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the global medical marijuana market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the performance of various competitors.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Companies Mentioned in the Report
Albany Molecular Research
Almirall
Axim Biotechnologies
Bionorica
Cannabis Science
Ci Therapeutics
Corbus Pharma
Eli Lilly
Emerald Bioscience
Emerald Health Sciences
GW Pharma
Insys Therapeutics
Ipsen
LTS Lohmann Therapie-Systeme
Neopharm
Novaliq
One World Cannabis
Panaxia
RespireRx
STERO Biotechs
SUDA Pharma
Tetra-Bio Pharma
Teva
Therapix Biosciences
Unimed Pharma
Veritas
Yom Chai
Zynerba Pharma
1. Preface
1.1
1.2 Abbreviations
1.3 Related Reports
2. Executive Summary
2.1 Key Findings
2.2 KOL Insights
3. Introduction to Medical Marijuana
3.1 Defining Medical Marijuana
3.2 Overview of Cannabinoids
3.3 Overview of Cannabinoid Receptors
3.4 The Endocannabinoid System
4. Medical Marijuana: The Global Picture
4.1 The History of Medical Marijuana
4.2 Medical Marijuana in the US
4.3 Medical Marijuana in France
4.4 Medical Marijuana in Germany
4.5 Medical Marijuana in Italy
4.6 Medical Marijuana in Spain
4.7 Medical Marijuana in the UK
4.8 Medical Marijuana in Canada
4.9 Medical Marijuana in Israel
4.10 Medical Marijuana in Australia
4.11 Medical Marijuana in the Media
5. Marketed Products
5.1 Marketed Products by Indication
5.2 Marketed Product Profiles
5.3 Dosing
5.4 SWOT Analysis of Marketed Products
6. Pipeline Assessment
6.1 Overview of Late-Stage Pipeline Products
6.2 Late-Stage Pipeline Products by Indication
6.3 Phase II Pipeline Products
6.4 Phase III Pipeline Products
6.5 SWOT Analysis of Pipeline Products
7. Clinical Trials
7.1 Overview of Marijuana Products in Clinical Development
7.2 Ongoing Clinical Trials
7.3 Innovative Early-Stage Approaches
7.4 Leading Industry Sponsors
8. R&D Strategies
8.1 Receiving Permission to Conduct Clinical Trials
8.2 Companies in the Late-Stage Pipeline
8.3 Clinical Trial Design
8.4 Pipeline by Route of Administration
9. Early-Stage Pipeline Products
9.1 Indications in the Early-Stage Pipeline
10. Focus Indication: Anorexia Nervosa
10.1 Introduction to Anorexia Nervosa
10.2 Complications of Anorexia
10.3 Treatment Strategies
10.4 The Endocannabinoid System in Anorexia
10.5 Medical Marijuana Products for Anorexia
11. Focus Indication: Muscle Spasticity
11.1 Introduction to Muscle Spasticity
11.2 Muscle Types
11.3 Muscle Contraction
11.4 Etiology of Muscle Spasticity
11.5 Treatment Algorithm for Muscle Spasticity
11.6 Medical Marijuana Products for Muscle Spasticity
12. Focus Indication: Pain
12.1 Introduction to Pain
12.2 Types of Pain
12.3 Neuropathic Pain
12.4 Cancer Pain
12.5 Medical Marijuana Products for Pain
13. Focus Indication: Epilepsy
13.1 Introduction to Epilepsy
13.2 The Pathophysiology of Seizures
13.3 Types of Seizures
13.4 Childhood-Onset Epilepsies
13.5 Medical Marijuana Products for Epilepsy
14. Case Study: Charlotte’s Web
14.1 The Story of Charlotte Figi
14.2 KOL Perspectives
15. Industry Insights
15.1 Considerations of Stakeholders
16. Deals Landscape
16.1 Strategic Consolidations
16.2 Mergers and Acquisitions
17. Pricing and Reimbursement Strategy
17.1 Pricing and Reimbursement in the US
17.2 Pricing and Reimbursement in the EU and France
17.3 Drug Prices in Germany
17.4 Drug Prices in Italy
17.5 Pricing in Spain, the UK and Australia
17.6 Pricing in Canada and Israel
17.7 KOL Perspectives
18. Unmet Needs
18.1 Overview of Unmet Needs
18.2 KOL Perspectives
19. Market Challenges and Opportunities
19.1 Challenges for Medical Marijuana Pharmacotherapy
19.2 Opportunities for Medical Marijuana Pharmacotherapy
20. Prescriber Perspectives
20.1 Take-Home Messages from the Prescriber Survey
20.2 Key Messages from US Prescribers
20.3 Key Messages from 5EU Prescribers
20.4 Key Messages from Canadian Prescribers
20.5 Key Messages from Israeli Prescribers
20.6 Key Messages from Australian Prescribers
21. Consumer Perspectives
21.1 Take-Home Messages from the Consumer Survey
21.2 Consumer Perspectives in North America
21.3 Consumer Perspectives in the 5EU
21.4 Consumer Perspectives in Israel
21.5 Consumer Perspectives in Australia
22. Market Outlook
22.1 The Future of Medical Marijuana
22.2 Market Drivers
22.3 Market Barriers
22.4 Market Potential
22.5 Take-Home Messages
22.6 Closing Statements from Industry Experts and KOLs
23. Appendix
23.1 Sources
23.2 Study Design
23.3 Methodology
23.4 Primary Research
23.5 About the Authors
23.6 About GlobalData
23.7 Contact Us
Research Methodology
The research study released with title "Medical Marijuana - Thematic Research" involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Key Executives Interviewed
Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate and estimate the global/regional market size by manufacturers, regional splits, product segments and application.
To establish Research coverage of the study with most relevant & functional players HTF MI follows industry standards such as NAICS/SIC/ICB/TRCB, furthermore the sorted list of companies is validated using Product Mapping and business activities and shortlisted by industry perspective.
HTF MI select experienced analyst and associate that are specialized in the domain for conducting research. They prepare a list of companies by region that helps to understand players penetration rate in the market. This companies are further analyses in what segment or application they serve in our market. The list of product and applications are evaluated for each companies dealing in the Medical Marijuana Thematic Research. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global. Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Online) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc from Medical Marijuana Thematic Research who then work towards appointment generation.
Primary Data Collection
The primary research is performed by taking the interviews of executives of various companies dealing in the Medical Marijuana Thematic Research as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and relevant list of appointee or target primary respondents; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & In Mail, Community Forums, Open Survey, SurveyMonkey etc.
Secondary Sources
The secondary resources considered in the Medical Marijuana Thematic Research study includes company annual reports, press releases, published articles of organizations and associations, and the survey taken through different mediums such as online website and forums, survey monkey, LinkedIn, etc. In addition, the valuable strategic information obtained from industry association, paid database, and investor presentations are also good tool for information to make appropriate iterative validation are used to modify market models and cross-verify primary research and insights.
Market Breakdown and Data Triangulation
To make market engineering data complete; extensive primary research is conducted to gather information and validate the critical numbers derived to be used for calculations of market statistics; market size estimations; forecasting; breakdown; and data triangulation. Both top-down and bottom-up approaches were applied, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Furthermore qualitative and further quantitative analysis is also done for all the numbers arrived at in the market estimation process to list relevant information in the final deliverable report "Medical Marijuana - Thematic Research" .
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Key Information from Primary Sources
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| Format | Properties | |
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| 1-User Access | The report is sent in PDF format. The report will be emailed to you. | This is a single user access license, allowing one specific user to access the report. |
| Site User | The study would be provided in PDF format. The report will be emailed to you. | This is a site license, allowing 1-10 employees within your organisation to access the report. |
| Enterprise User | The format of deliverable would be PDF and Excel. | This is an enterprise or corporate license, allowing all employees within your organisation irrespective of geographic location to access the report. |
