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Insights on Medical Marijuana Market within the Pharmaceuticals Sector | Increasing Production of Medical Marijuana to Emerge as a Key Driver | Technavio

Insights on Medical Marijuana Market within the Pharmaceuticals Sector | Increasing Production of Medical Marijuana to Emerge as a Key Driver | Technavio

LONDON–(BUSINESS WIRE)–The global medical marijuana market is expected to grow at a CAGR of over 24% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.

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The demand for medical marijuana has increased significantly over the years. The growing demand has led many medical marijuana manufacturers to increase production. Besides, many governments worldwide are legalizing marijuana for medical applications, which has further increased demand. For instance, the Government of Manipur, India recently announced its plans to legalize marijuana for medical applications by encouraging start-ups that develop medical marijuana products. Such initiatives are expected to positively influence the growth of the global medical marijuana market during the forecast period.

Medical Marijuana Market: COVID-19 Impact Analysis on Related Markets

Global Legal Cannabis Market 2020-2024

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Global Cannabis-infused Edible Products Market 2020-2024

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Global Cannabis Testing Market 2020-2024

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Medical Marijuana Market: COVID-19 Impact Analysis on Parent Market

The global pharmaceuticals market is the parent market of the medical marijuana market. Within its scope, the pharmaceuticals market covers products and companies engaged in R&D or production of generic drugs, non-generic drugs, and veterinary drugs. Our report on the medical marijuana market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including Aurora Cannabis, GW Pharmaceuticals, mCig, Medical Marijuana, and United Cannabis.

Technavio’s research report on the medical marijuana market identifies the

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New Automotive Crash Test Dummies Market Research Highlights Recovery Path for Businesses from COVID-19 based on the Type – Male Crash Test Dummies, Female Crash Test Dummies, and Child Crash Test Dummies| Technavio

New Automotive Crash Test Dummies Market Research Highlights Recovery Path for Businesses from COVID-19 based on the Type – Male Crash Test Dummies, Female Crash Test Dummies, and Child Crash Test Dummies| Technavio

LONDON–(BUSINESS WIRE)–The new Automotive Crash Test Dummies Market Research from Technavio indicates Negative and Inferior growth in the short term as the business impact of COVID-19 spreads.

“One of the primary growth drivers for this market is the emergence of autonomous and connected vehicles,” says a senior analyst for the Consumer Discretionary industry at Technavio. In recent years, automobiles have witnessed notable automation such as automatic door lock system, automatic heating, ventilation, and air conditioning (HVAC) system, automatic wiper systems, and automatic transmission system. This development in the automotive industry has paved the need for vehicles that are completely autonomous. However, connected vehicles and autonomous vehicles need to be tested in different accident scenarios. These testing methods require crash test dummies for analyzing the impact, which, in turn, will augment the growth prospects of this market. As the markets recover Technavio expects the automotive crash test dummies market size to grow by USD 4.06 million during the period 2020-2024.

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Automotive Crash Test Dummies Segment Highlights for 2020

  • The automotive crash test dummies market is expected to post a year-over-year growth rate of -5.87%.
  • Male crash test dummies dominated the market in 2019.
  • The concept of automotive crash testing was adopted from military vehicle or aircraft crash testing. Therefore, most existing crash test dummies are physically fit male crash test dummies.
  • However, the increasing average weight of a male across the world has compelled the automotive crash test dummies manufacturers to design and develop different types of male dummies that vary in body structure.
  • The use of such dummies has increased the demand for crash test dummies in this segment. Therefore, market growth in this segment will be
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Telecom Power Solutions Market will Showcase Negative Impact during 2020-2024 | Growing Investment in Telecommunication Networks to Boost Market Growth | Technavio

Telecom Power Solutions Market will Showcase Negative Impact during 2020-2024 | Growing Investment in Telecommunication Networks to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the telecom power solutions market and it is poised to grow by USD 2.42 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alpha Technologies Ltd., Ascot Industrial Srl, Beijing Dynamic Power Co. Ltd., Cummins Inc., Delta Electronics Inc., Eaton Corp. Plc, Huawei Investment & Holding Co. Ltd., Schneider Electric SE, Vertiv Group Crop., and ZTE Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Growing investment in telecommunication networks has been instrumental in driving the growth of the market. However, the growing popularity of massive MIMO and vRAN for 5G implementation might hamper the market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Telecom Power Solutions Market 2020-2024: Segmentation

Telecom Power

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