Reports
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
Global Medical Cannabis Market Share, Size, Industry Forecast: By Species: Indica, Sativa, Hybrid; By Derivative: Cannabidiol, Tetrahydrocannabinol; By Route of Administration: Oral Solutions and Capsules, Smoking, Vaporizers, Topicals; By Application: Cancer, Arthritis, Others; By End Use; Regional Analysis; Competitive Landscape; 2023-2028
Global Medical Cannabis Market Outlook
The global medical cannabis market size reached a value of USD 10.18 billion in 2022. The market is likely to grow at a CAGR of 24% during 2023-2028 to attain a value of USD 37 billion by 2028.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Cannabis is now used to treat a variety of medical conditions and symptoms, such as cancer, diabetes, chronic pain, epilepsy, depression, arthritis, glaucoma, migraines, multiple sclerosis, Alzheimer's, acquired immunodeficiency syndrome (AIDS), amyotrophic lateral sclerosis (ALS), post-traumatic stress disorder (PTSD), Parkinson's, and Tourette's syndrome. This is one of the key medical cannabis market trends. Cannabis has been authorised for medical usage in various nations due to its therapeutic advantages, with varied degrees of regulatory restrictions. Compared to other therapy alternatives, cannabis is safe and has mild negative effects. It is also used in conjunction with other therapies, either to boost their effectiveness or minimise undesirable side effects. This is aiding the medical cannabis market. For instance, medical cannabis helps nausea relief and appetite stimulation in chemotherapy patients. It is also combined with conventional opioid medicines to provide patients with pain relief while considerably reducing the amount and frequency of opioids.
North America is the leading region due to the U.S. cannabis market. The regional market is being aided by the legalisation drives for the drug for both, medical and recreational purposes. With over 60% of the population in the region residing in areas with legalised medical cannabis, the market is expected to witness a healthy growth in the forecast period. In Canada, the overall market, including medical and legal along with illegal products, is expected to generate extensive sales revenue with a significant contribution of medical sales. The medical cannabis market size in Canada is being driven by increased legalisation and the willingness of consumers to spend more on legal products. In the Europe medical cannabis market, Germany represents a key market with substantial imports from Canada.
Properties and Applications
Cannabis, also known as marijuana, is a psychotropic drug which is derived from the cannabis plant. It is consumed within food or as an extract or by smoking or vaporising. Historically, the substance has been used medicinally by the Indian, Egyptian, Chinese, and Islamic cultures. Currently, it is finding extensive use in treating or relieving symptoms related to chronic pain, arthritis, epilepsy, Parkinson’s, Tourette’s, AIDS, and cancer, among others.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on species, the global medical cannabis market can be segmented as follows:
- Indica
- Sativa
- Hybrid
The derivatives can be categorised as following:
- Cannabidiol (CBD)
- Tetrahydrocannabinol (THC)
On the basis of administration, the market can be divided into the following:
- Oral Solutions and Capsules
- Smoking
- Vaporizers
- Topicals
- Others
It finds applications in the treatment of the following diseases:
- Cancer
- Arthritis
- Migraine
- Epilepsy
- Others
It finds end-use in the following industries:
- Pharmaceutical Industry
- Research and Development Centre
- Others
The major regions in the global medical cannabis market are North America, Europe, Latin America, and the Rest of the World.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Analysis
The global medical cannabis market is being aided by the rising legalisation of marijuana for medical usage as well as a growing acceptance of the substance by the potential consumers. As per the medical cannabis market report, the rising number of R & D undertakings, clinical trials, and increased commercialisation of the product will also drive the market growth. Israel is a significant market in terms of the research and development investments into medical marijuana. The country has led multiple pioneering studies in the field including the effect of medicinal cannabis on autistic people. With regulatory authorities in the US like the National Institute on Drug Abuse and the Drug Enforcement Agency hindering the expansion of research on the subject, several US companies are conducting research in Israel and investing in the Israeli cannabis market, influencing the cannabis market share by company. The medical cannabis market size Canada is being driven by the willingness of Canadian insurance companies to reimburse the utilisation of cannabis to treat conditions like cancer-related pain and nausea, spasticity caused by multiple sclerosis, rheumatoid arthritis pain, HIV/AIDS, and other palliative care, thus increasing the global medical cannabis market size.
Globally, the market is also finding impetus for its growth in the rising population of geriatrics who are more vulnerable to chronic illnesses and are likely to suffer from pain related to conditions like rheumatoid arthritis. The increasing disposable income is also likely to drive the market. The growing consumer awareness about the product is also proving to be a catalyst for the market. The market is further aided by consumer satisfaction with cancer patients who have used medicinal cannabis testifying to the product’s contribution to the improvement of their quality of life by relieving pain and the side-effects of chemotherapy like nausea. Medical cannabis is also viewed as a safer option over opioid-based prescription medications, indicating a positive medical cannabis market outlook.
Competitive Landscape
The report gives a detailed analysis of the following key players in the medical cannabis global market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Tilray
- Bedrocan International
- Canopy Growth Corporation
- Aurora Cannabis Inc.
- Vivo Cannabis Inc.
- Maricann Inc.
- Medical Marijuana Inc.
- Organigram Holdings Inc.
- The Scotts Company LLC
- Curaleaf Holdings, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Species |
|
| Breakup by Derivative |
|
| Breakup by Route of Administration |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 COVID-19 Impact and Assessment
9 Global Medical Cannabis Market Analysis
9.1 Key Industry Highlights
9.2 Global Medical Cannabis Historical Market (2018-2022)
9.3 Global Medical Cannabis Market Forecast (2023-2028)
9.4 Global Medical Cannabis Market by Species
9.4.1 Indica
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Sativa
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Hybrid
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.5 Global Medical Cannabis Market by Derivative
9.5.1 Cannabidiol (CBD)
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Tetrahydrocannabinol (THC)
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.6 Global Medical Cannabis Market by Route of Administration
9.6.1 Oral Solutions and Capsules
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Smoking
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Vaporizers
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2022)
9.6.3.3 Forecast Trend (2023-2028)
9.6.4 Topicals
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2018-2022)
9.6.4.3 Forecast Trend (2023-2028)
9.6.5 Others
9.7 Global Medical Cannabis Market by Application
9.7.1 Cancer
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2022)
9.7.1.3 Forecast Trend (2023-2028)
9.7.2 Arthritis
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2023-2028)
9.7.3 Migraine
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2022)
9.7.3.3 Forecast Trend (2023-2028)
9.7.4 Epilepsy
9.7.4.1 Market Share
9.7.4.2 Historical Trend (2018-2022)
9.7.4.3 Forecast Trend (2023-2028)
9.7.5 Others
9.8 Global Medical Cannabis Market by End Use
9.8.1 Pharmaceutical Industry
9.8.1.1 Market Share
9.8.1.2 Historical Trend (2018-2022)
9.8.1.3 Forecast Trend (2023-2028)
9.8.2 Research and Development Centre
9.8.2.1 Market Share
9.8.2.2 Historical Trend (2018-2022)
9.8.2.3 Forecast Trend (2023-2028)
9.8.3 Others
9.9 Global Medical Cannabis Market by Region
9.9.1 Market Share
9.9.1.1 North America
9.9.1.2 Europe
9.9.1.3 Latin America
9.9.1.4 Rest of the World
10 Regional Analysis
10.1 North America
10.1.1 Market Trend (2023-2028)
10.1.2 Breakup by Country
10.1.2.1 United States of America
10.1.2.2 Canada
10.2 Europe
10.2.1 Market Trend (2023-2028)
10.2.2 Breakup by Country
10.2.2.1 Germany
10.2.2.2 United Kingdom
10.2.2.3 Netherlands
10.2.2.4 Italy
10.2.2.5 Others
10.3 Latin America
10.3.1 Market Trend (2023-2028)
10.3.2 Breakup by Country
10.3.2.1 Mexico
10.3.2.2 Uruguay
10.3.2.3 Brazil
10.3.2.4 Others
10.4 Rest of the World
10.4.1 Market Trend (2023-2028)
10.4.2 Breakup by Country
10.4.2.1 Israel
10.4.2.2 Australia
10.4.2.3 New Zealand
10.4.2.4 Turkey
10.4.2.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Company Profiles
13.3.1 Tilray
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Demographic Reach and Achievements
13.3.1.4 Certifications
13.3.2 Bedrocan International
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Demographic Reach and Achievements
13.3.2.4 Certifications
13.3.3 Canopy Growth Corporation
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Demographic Reach and Achievements
13.3.3.4 Certifications
13.3.4 Aurora Cannabis Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Demographic Reach and Achievements
13.3.4.4 Certifications
13.3.5 Vivo Cannabis Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Demographic Reach and Achievements
13.3.5.4 Certifications
13.3.6 Maricann Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Demographic Reach and Achievements
13.3.6.4 Certifications
13.3.7 Medical Marijuana Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Demographic Reach and Achievements
13.3.7.4 Certifications
13.3.8 Organigram Holdings Inc.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Demographic Reach and Achievements
13.3.8.4 Certifications
13.3.9 The Scotts Company LLC
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Demographic Reach and Achievements
13.3.9.4 Certifications
13.3.10 Curaleaf Holdings, Inc.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Demographic Reach and Achievements
13.3.10.4 Certifications
13.3.11 Others
14 Industry Events and Developments
List of Key Figures and Tables
1 Global Medical Cannabis Market: Key Industry Highlights, 2018 and 2028
2 Global Medical Cannabis Historical Market: Breakup by Species (USD Billion), 2018-2022
3 Global Medical Cannabis Market Forecast: Breakup by Species (USD Billion), 2023-2028
4 Global Medical Cannabis Historical Market: Breakup by Derivative (USD Billion), 2018-2022
5 Global Medical Cannabis Market Forecast: Breakup by Derivative (USD Billion), 2023-2028
6 Global Medical Cannabis Historical Market: Breakup by Route of Administration (USD Billion), 2018-2022
7 Global Medical Cannabis Market Forecast: Breakup by Route of Administration (USD Billion), 2023-2028
8 Global Medical Cannabis Historical Market: Breakup by Application (USD Billion), 2018-2022
9 Global Medical Cannabis Market Forecast: Breakup by Application (USD Billion), 2023-2028
10 Global Medical Cannabis Historical Market: Breakup by End Use (USD Billion), 2018-2022
11 Global Medical Cannabis Market Forecast: Breakup by End Use (USD Billion), 2023-2028
12 Global Medical Cannabis Market: Breakup by Region (USD Billion), 2023-2028
13 North America Medical Cannabis Market: Breakup by Country (USD Billion), 2023-2028
14 Europe Medical Cannabis Market: Breakup by Country (USD Billion), 2023-2028
15 Latin America Medical Cannabis Market: Breakup by Country (USD Billion), 2023-2028
16 Rest of the World Medical Cannabis Market: Breakup by Country (USD Billion), 2023-2028
17 Global Medical Cannabis Market Structure
Key Questions Answered in the Report
In 2022, the global market for medical cannabis attained a value of USD 10.18 billion.
The market is projected to grow at a CAGR of 24% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 37 billion by 2028.
The major drivers of the market include rising disposable incomes, increasing population, legalisation drives for the drug for both, medical and recreational purposes, rising number of R & D undertakings, clinical trials, and increased commercialisation of the product.
The legalisation of the product in some regions is likely to be a key trend for the market. In January 2020, 33 states in the United States, along with Washington, DC, had legalised the use of marijuana for medical purposes, which is expected to drive the growth of the market.
North America, Europe, and Latin America are the major regions in the global medical cannabis market, with North America accounting for the largest market share.
The major derivatives for the product include cannabidiol (CBD) and tetrahydrocannabinol (THC).
The major species for the product include Indica, sativa, and hybrid.
The major players in the market are Tilray, Bedrocan International, Canopy Growth Corporation, Aurora Cannabis Inc., Vivo Cannabis Inc., Maricann Inc., Medical Marijuana Inc., Organigram Holdings Inc., The Scotts Company LLC, and Curaleaf Holdings, Inc., among others.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2799-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
$3999-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
NEWSLETTER