Medical Marijuana Market Global Market By Top Key Players, Size, Segmentation, Projection, Analysis And Forecast Outlook 2028

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A new market study, titled “Medical Marijuana Market Forecast 2021-2028” has been featured on Fortune Business Insights™.

 

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Market Overview:

The global medical marijuana market size is expected to reach USD 26,920.4 million by 2026, owing to the increasing demand for decriminalization of marijuana in most parts of the world. Medical cannabis or medical marijuana is extracted from the marijuana plant and can be used for treating certain illnesses and health conditions. But due to government restrictions, the use of marijuana as a medicinal drug is not tested rigorously. A recently published report by Fortune Business Insights™ titled, “Medical Marijuana Market Size, Share & Industry Analysis, By Application (Pain Disorders, Cancer, and Others), By Type (Flowers, Concentrates, Edibles and Others), By Distribution Channel (Dispensaries, Online, and Others), and Regional Forecast, 2019-2026” discusses the market comprehensively.  According to this report, the market was USD 6,338.1 million in 2018 and is anticipated to exhibit a CAGR of 20.4% during the forecast period set between 2019 to 2026.

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What is the Scope of the Report?

The report is based on a thorough analysis of the market taking into account parameters such as growth drivers, restraints, current medical marijuana market trends, challenges, and opportunities that lies ahead of the market. It also discusses the market in details based on factors such as application, type, distribution channel, and geography. It also throws light on the competitive landscape of the market, names of significant players and the key strategies adopted by them to gain a competitive edge in the market. Furthermore, the report emphasizes on major industry developments, and other interesting insights into the market. The report is available for sale on the company website.

Market Drivers

Medicinal Properties of Cannabis to Propel Growth

 

The increasing demand for legalization of medical cannabis across various states is a major medical marijuana market growth driver. Besides this, the rising prevalence of diseases such as Parkinson’s disease, cancer, neurological disorders, and acute pain diseases is also expected to aid in expansion of the market in the forecast period. On the contrary, increasing application of marijuana beyond the required dose may result in side effects such as hallucinations, dizziness, low blood pressure, and others. This may stand as a major challenge to the market in the long run.

 

Regional Segmentation:

Increasing Awareness on medicinal Properties of Cannabis to Offer Lucrative Growth Opportunities for the Rest of the World

 

Geographically, North America earned the maximum medical marijuana market share with a revenue of USD 5,994.9 million earned in 2018, that is anticipated to reach USD 24,578.3 million by the end of 2026.Growth of this region is attributed to the rise in the number of legalization of marijuana for both medical and recreational purposes, coupled with the presence of major vendors in the region. Europe ranks second in terms of cannabis cultivation and is expected to witness significant growth owing to the increasing investments for research activities by many public and private entities in the forthcoming years.

 

Furthermore, the market in Latin America and the Rest of the World is anticipated to witness lucrative business opportunities in the years to follow. This is owing to the rise in prevalence of chronic ailments, psychiatric disorders, acute pain diseases and the increasing awareness about the medicinal benefits of cannabis.

 

Competitive Landscape:

Entry of New Players will Intensify Market Competition

 

The rapid developmental pace of medical marijuana and its wide expansion has propelled many players to enter into this market and make heavy investments in research and development of the same. Although the most crucial part is its production and cultivation, significant medical marijuana market revenue is derived from the pharmacological organizations. Besides this, with the increasing number of marijuana legalization in various states, more and more players are entering into the market to make their mark in the competition. Existing players are focusing on geographical expansion for gaining a competitive edge in the market in the forthcoming years.

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List of Notable Automobile Interior Materials Market Manufacturers include:

 

  • Aurora Cannabis
  • CannTrust Holdings
  • MedReleaf Corp
  • Emerald Health Therapeutics
  • The Cronos Group
  • Green Relief Inc.
  • Medical Marijuana, Inc.
  • ABcann Medicinals, Inc.
  • GW Pharmaceuticals
  • Aphria Inc.
  • Canopy Growth Corporation
  • Other Vendors

 

Table Of Content:

 

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights

4.1 Recent Industry Developments Such as Mergers & Acquisitions

4.2 Regulatory Scenario for Key Countries

4.3 Data on State Wise Marijuana Spending (U.S.)

4.4 New Product Launch

4.5 Key Industry Trends

  1. Global Medical Marijuana Market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings / Summary

5.2. Market Analysis, Insights and Forecast – By Application

5.2.1 Pain Disorders

5.2.2 Cancer

5.2.3 Others

5.3. Market Analysis, Insights and Forecast – By Type

5.3.1 Flowers

5.3.2 Concentrates

5.3.3 Edibles

5.3.4 Others

5.4 Market Analysis, Insights and Forecast – By Distribution Channel

5.4.1 Dispensaries

5.4.2 Online Channel

5.4.3 Others

5.5. Market Analysis, Insights and Forecast – By Region

5.5.1 North America

5.5.2 Europe

5.5.3 Latin America

5.5.4 The Rest of the World (Row)

  1. North America Medical Marijuana Market Analysis, Insights and Forecast, 2015-2026

6.1. Key Findings / Summary

6.2. Market Analysis, Insights and Forecast – By Application

6.2.1 Pain Disorders

6.2.2 Cancer

6.2.3 Others

6.3. Market Analysis, Insights and Forecast – By Type

6.3.1 Flowers

6.3.2 Concentrates

6.3.3 Edibles

6.3.4 Others

6.4 Market Analysis, Insights and Forecast – By Distribution Channel

6.4.1 Dispensaries

6.4.2 Online Channel

6.4.3 Others

6.7. Market Analysis, Insights and Forecast – By Country

6.7.1 U.S.

6.7.2 Canada

  1. Europe Medical Marijuana Market Analysis, Insights and Forecast, 2015-2026

7.1. Key Findings / Summary

7.2. Market Analysis, Insights and Forecast – By Application

7.2.1 Pain Disorders

7.2.2 Cancer

7.2.3 Others

7.3. Market Analysis, Insights and Forecast – By Type

7.3.1 Flowers

7.3.2 Concentrates

7.3.3 Edibles

7.3.4 Others

7.4 Market Analysis, Insights and Forecast – By Distribution Channel

7.4.1 Dispensaries

7.4.2 Online Channel

7.4.3 Others

7.5. Market Analysis, Insights and Forecast – By Country/Sub region

7.5.1 Germany

7.5.2 Belgium

7.5.3 France

7.5.4 Italy

7.5.5 Rest of Europe

  1. Latin America Medical Marijuana Market Analysis, Insights and Forecast, 2015-2026

8.1. Key Findings / Summary

8.2. Market Analysis, Insights and Forecast – By Application

8.2.1 Pain Disorders

8.2.2 Cancer

8.2.3 Others

8.3. Market Analysis, Insights and Forecast – By Type

8.3.1 Flowers

8.3.2 Concentrates

8.3.3 Edibles

8.3.4 Others

8.4 Market Analysis, Insights and Forecast – By Distribution Channel

8.4.1 Dispensaries

8.4.2 Online Channel

8.4.3 Others

8.5. Market Analysis, Insights and Forecast – By Country/Sub region

8.5.1 Mexico

8.5.2 Argentina

8.5.3 Brazil

8.5.4 Rest of Latin America

  1. The Rest of the World (Row) Medical Marijuana Market Analysis, Insights and Forecast, 2015-2026

9.1. Key Findings / Summary

9.2. Market Analysis, Insights and Forecast – By Application

9.2.1 Pain Disorders

9.2.2 Cancer

9.2.3 Others

9.3. Market Analysis, Insights and Forecast – By Type

9.3.1 Flowers

9.3.2 Concentrates

9.3.3 Edibles

9.3.4 Others

9.4 Market Analysis, Insights and Forecast – By Distribution Channel

9.4.1 Dispensaries

9.4.2 Online Channel

9.4.3 Others

  1. Competitive Analysis

10.1. Key Industry Developments

10.2. Global Market Share Analysis (2018)

10.3. Competition Dashboard

10.4. Comparative Analysis – Major Players

10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))

10.5.1 Canopy Growth Corporation

10.5.2 Aurora Cannabis

10.5.3 Aphria Inc.

10.5.4 CannTrust Holdings

10.5.5 GW Pharmaceuticals

10.5.6 MedReleaf Corp

10.5.7 ABcann Medicinals, Inc.

10.5.8 Emerald Health Therapeutics

10.5.9 Green Relief Inc.

10.5.10 The Cronos Group

10.5.11 Medical Marijuana, Inc.

  1. Strategic Recommendations

 

 

 

Key Industry Developments of the Medical Marijuana Market Include:

 

September 2019 – The first ever medical marijuana tablets were launched by Curaleaf in Florida and is available across 26 Curaleaf dispensaries across the U.S.

 

March 2019 – Harvest One Cannabis signed an agreement with Health House for distributing Satipharm CBD Gelpell Capsules for carrying out business across Asia, New Zealand, and Australia.

 

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NOTE: Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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