Global Medical Cannabis Market Size By Species (Cannabis Indica, Sativa, Hybrid), By Application (Research And Development Centers, Pharmaceutical), By Geographic Scope And Forecast

Medical Cannabis Market Size And Forecast

Medical Cannabis Market size was valued at USD 28.64 Billion in 2022 and is projected to reach USD 164.16 Billion by 2030, growing at a CAGR of 21.41% from 2023 to 2030.

The rising population of old aged people and the increase in the number of patients suffering from chronic diseases drive growth for this market. The Global Medical Cannabis Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Medical Cannabis Market Definition

Medical Cannabis is known as medical marijuana which is extensively utilized for medical treatments of various diseases. It is used to treat muscle seizures, blood pressure problems, appetite problems, and others. Medical Cannabis is used in the treatment of arthritis, diabetes, depression, glaucoma, and others. It helps in decreasing fatigue and increases appetite for chemotherapy patients. Medical Cannabis is relatively safe and used along with painkillers to provide quick pain relief.

Moreover, the growing legalization of medical cannabis is a growth driver for this market. The rising population of old aged people and the increase in the number of patients suffering from chronic diseases drive growth for this market. Advancements in technology and research undertook for new applications of medical cannabis provide new growth opportunities. Low levels of side effects and high application for relaxation treatments are key areas for increasing rates of adoption.

Global Medical Cannabis Market Overview

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Factors such as rising demand for safe and reliable treatment procedures, increasing demand from pharmaceutical companies, and a growing number of manufacturers are boosting market growth. However, legal restrictions on production and import and a lack of awareness might hamper the overall growth of the market.

Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interest the client. The “Global Medical Cannabis Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Medical Cannabis Market Segmentation Analysis

The Global Medical Cannabis Market is Segmented on the basis of Species, Application, And Geography.

Medical Cannabis Market, By Species

• Cannabis Indica
• Sativa
• Hybrid

Based on Species, the market is segmented into Cannabis Indica, Sativa, and Hybrid.

Medical Cannabis Market, By Application

• Research And Development Centers
• Pharmaceutical
• Others

Based on Application, the market is segmented into Research And Development Centers, Pharmaceutical, and Others.

Medical Cannabis Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Medical Cannabis Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players

The “Global Medical Cannabis Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as BOL Pharma, Tilray, Medreleaf Corporation, Aurora Cannabis, Inc., Canopy Growth Corporation, Insys Therapeutics, Inc., Aphria, Inc., MGC Pharmaceuticals Limited, GW Pharmaceuticals, plc., and Medical Marijuana Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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