Medical Marijuana Market Size And Forecast

Medical Marijuana Market was valued at USD 6.69 Billion in 2019 and is projected to reach USD 28.42 Billion by 2027, growing at a CAGR of 24% from 2020 to 2027.

The latest survey on Global Medical Marijuana Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis, and new opportunities available and trend in the Medical Marijuana Market. The report aims to present the analysis of Global Medical Marijuana Market By Point of Sale, By Active Ingredient, By Therapeutic Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges, and opportunities.

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What is Marijuana?

Marijuana is also known as cannabis or cannabinoids, obtained from fruiting or flowering tops of the cannabis plant from which the resin has not been removed. Medical marijuana is referred to as the basic extracts or whole unprocessed marijuana plant that is used to treat certain illness or medical conditions. Due to the lack of efficient large-scale clinical trials, marijuana has not been recognized as medicinal by the Food and Drug Administration (FDA). Cannabis plant comprises of about 104 different cannabinoids and around 750 different chemicals such as CBD (cannabidiol), CBN (cannabinol) and THC (delta-9-tetrahydrocannabinol).

Global Medical Marijuana Market Outlook

Increase in the number of countries approving the use of the product for therapeutic application, increasing geriatric population in need of treatment for chronic diseases, and rising number of medical marijuana clubs have been driving the global Marijuana Market. On the other hand, increasing recreational and personal use of marijuana and strict regulatory laws act as potential restraints for the overall market at a global level.

Global Medical Marijuana Market Competitive Landscape

The “Global Medical Marijuana Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as GW Pharmaceuticals PLC, MedReleaf Corporation, Canopy Growth Corporation, Aphria Incorporation, Aurora Cannabis Inc, Medical Marijuana, Inc., Green Relief Inc., Cannabis Sativa, INC., Insys Therapeutics, Inc., and The Peace Naturals Project..Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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Medical Marijuana Market, By the point of sale

Dispensaries

Online Pharmacy

Hospital Pharmacy

Medical Marijuana Market, By Active Ingredients

Tetrahydrocannabinol (THC)

Cannabidiol (CBD)

Medical Marijuana Market, By Therapeutic Application

Pain

Arthritis

Neurological Disease

Others

Medical Marijuana Market, By Geography

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o Rest of Asia Pacific

• Rest of the World

Research Methodology of Verified Market Research:

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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 an 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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