
Medical Marijuana Market, By Product Type (Oil, Capsules, Tinctures, and Others), By Application (Chronic pain, Mental Disorders, Cancer, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Description
The medical marijuana market has witnessed significant growth in recent years owing to the increasing legalization of cannabis for medical purposes in numerous countries and states across the world. Cannabis and its compound cannabidiol (CBD) has proven anti-epileptic, analgesic, and anti-inflammatory properties and is being explored for its potential in the treatment of various conditions including chronic pain, neurological disorders, cancer, and mental illnesses. Countries have also recognized potential tax revenues from the legal cannabis industry. With its wide applicability and growing acceptance, the global medical marijuana market is expected to showcase substantial growth over the forthcoming years.
Market Dynamics:
The global medical marijuana market growth is primarily driven by increasing legalization of medical cannabis, growing adoption among geriatric population for pain management, rising clinical evidence validating its therapeutic efficacy, and potential cost savings offered by medical cannabis compared to conventional medications. However, strict government regulations and social stigma associated with the use of cannabis continue to restrain significant market growth. Key opportunities include increasing R&D activities exploring new therapeutic compounds from cannabis, rising adoption in developing countries, and growing popularity of cannabis-based wellness products.
Key Features of the Study:
Market Dynamics:
The global medical marijuana market growth is primarily driven by increasing legalization of medical cannabis, growing adoption among geriatric population for pain management, rising clinical evidence validating its therapeutic efficacy, and potential cost savings offered by medical cannabis compared to conventional medications. However, strict government regulations and social stigma associated with the use of cannabis continue to restrain significant market growth. Key opportunities include increasing R&D activities exploring new therapeutic compounds from cannabis, rising adoption in developing countries, and growing popularity of cannabis-based wellness products.
Key Features of the Study:
- This report provides in-depth analysis of the global medical marijuana market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global medical marijuana market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Tilray, Aphria, Inc., Vantage Hemp, Averix Bio, LLC, Curaleaf, Bright Green Corporation, Cresco Labs, Trulieve, GW Pharmaceuticals, Plc., Canopy Growth Corporation, and Aurora Cannabis
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global medical marijuana market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical marijuana market
- By Product Type Insights (Revenue, USD Bn, 2020 - 2032)
- Oil
- Capsules
- Tinctures
- Others
- By Application Insights (Revenue, USD Bn, 2020 - 2032)
- Chronic pain
- Mental Disorders
- Cancer
- Others
- Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Tilray
- Aphria, Inc.
- Vantage Hemp
- Averix Bio, LLC
- Curaleaf
- Bright Green Corporation
- Cresco Labs
- Trulieve
- GW Pharmaceuticals, Plc.
- Canopy Growth Corporation
- Aurora Cannabis
Table of Contents
140 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Medical Marijuana Market, By Product Type
- Medical Marijuana Market, By Application
- Medical Marijuana Market, By Region
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Trends
- 4. Medical Marijuana Market, By Product Type, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Oil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Capsules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Tinctures
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- 5. Medical Marijuana Market, By Application, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Chronic pain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Mental Disorders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Cancer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- 6. Medical Marijuana Market, By Region, 2020 - 2032, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2025,2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
- 7. Competitive Landscape
- Tilray
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aphria, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Vantage Hemp
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Averix Bio, LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Curaleaf
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bright Green Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Cresco Labs
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Trulieve
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- GW Pharmaceuticals, Plc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Canopy Growth Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aurora Cannabis
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- 8. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 9. References and Research Methodology
- References
- Research Methodology
- About us
- *Browse 28 market data tables and 26 figures on 'Medical Marijuana Market' - Global forecast to 2032
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