The global medical cannabis market size was valued at USD 21.06 billion in 2023 and is projected to reach USD 108.90 billion by 2031, with a CAGR of 22.80% during the forecast period of 2024 to 2031.
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Market Overview:
The medical cannabis market has experienced significant growth in recent years, driven by increasing recognition of its therapeutic benefits for various medical conditions. With legalization efforts gaining momentum across multiple regions, the demand for medical cannabis products is on the rise.
Some of the major players operating in the Medical Cannabis market are MediPharm Labs Inc. (copyright), Tilray (copyright), Aurora Cannabis (copyright), JAZZ Pharmaceuticals Inc. (U.K.) (GW Pharmaceuticals plc), HEXO Corp. (copyright) (Zenabis Global Ltd), Cresco Labs (U.S.), Peace Naturals Project Inc. (copyright), CANOPY GROWTH CORPORATION (copyright), Medical Marijuana, Inc. (U.S.), Seed Cellar (U.S.), EcoGen Biosciences (U.S.), CANNABIS SEEDS USA (U.S.), Seeds For Me (U.S.), HUMBOLDT SEED COMPANY (U.S.), Extractas (U.S.), World Class Cannabis Seeds (Crop King Seeds) (copyright), BARNEY'S FARM (Netherlands), FOLIUM BIOSCIENCES (U.S.), PharmaHemp (U.K.), Elixinol Global Limited (Australia), ENDOCA (Netherlands), Harmony (U.K.), MARY’S Nutritionals, LLC (U.S.), Pure Ratios (U.S.), Greenwich Biosciences, Inc. (U.S.), Upstate Elevator Supply Co. (U.S.), Apothecanna (U.S.), BOL Pharma (Israel), IDT Australia (Australia) among others.
Global Medical Cannabis Market Scope
The market is segmented on the basis of product, source, species, derivatives, application, route of administration, treatment type, end user, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Oil
- Medical Cannabis Capsules
- Patch
- Whole Flower
- Ground Flower
- Vape Pen
- Dried Medical Cannabis
- Creams & Moisturizers
- Masks & Serum
- Cleanser
- Others
Source
- Natural
- Synthetic
Species
- Cannabis Indica
- Cannabis Sativa
- Hybrid
Application
- Alzheimer’s Disease
- Appetite Loss
- Cancer
- Inflammatory Bowel Diseases
- Eating Disorders
- Epilepsy
- Autism
- Mental Health Conditions
- Multiple Sclerosis
- Pain Management
- Nausea
- Muscle Spasms
- Wasting Syndrome (Cachexia)
- Elevate Mood
- Depression and Sleep Disorders
- Anxiety
- Others
Derivatives
- Cannabidiol (CBD)
- Tetrahydrocannabinol (THC) / Delta-8-Tetrahydrocannabinol
- Cannabinol (CBN)
- Cannabicyclol (CBL)
- Cannabichromene (CBC)
- Cannabigerol (CBG)
- Others
Treatment Type
- Expectorant
- Antiviral
- Analgesic
- Aphrodisiac
- copyright
- Others
Route of Administration
- Oral Solutions and Capsules
- Smoking
- Vaporizers
- Topicals
- Others
End User
- Pharmaceutical Industry
- Research and Development Centers
- Homecare Setting
- Hospitals
- Rehab Centers
- Others
Distribution Channel
- B2B
- B2C
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Medical Cannabis Market Landscape
Part 04: Global Medical Cannabis Market Sizing
Part 05: Global Medical Cannabis Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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