Report Overview

GLOBAL MEDICAL MARIJUANA MARKET was valued at USD 9.01 Billion in the year 2017. Global Medical marijuana market is further estimated to grow at a CAGR of 16.90% from 2018 to reach USD 23.3 Billion by the year 2023.

North America region holds the highest market share in 2017 and Europe market is considered as the fastest growing market in the forecasted period due to growing demand in the healthcare industry and technological advancements. At a country level, U.S & Canada is projected to grow strongly in the coming years.

Canopy Growth Corporation (Canada), Medical Marijuana, Inc. (U.S), GW Pharmaceuticals, plc (U.K), United Cannabis (U.S), Cannabis Sativa, Inc. (U.S), GreenGro Technologies (U.S), Aurora Cannabis (Canada), Cara Therapeutics (U.S) and GBSciences, Inc. (U.S) are the key players in the Global Medical marijuana market. Better global reach at an operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

Drivers:

The expansion of marijuana legalization in the U.S.

Restraints:

The stigma of marijuana in society

Lack of federal support

Opportunities:

Cannabis as healthcare treatment

Challenges:

Legal Issues

The segmentation are done on the basis of Type of marijuana, by chemical component, by application, by end-use and by region. On the basis of Product Type, the Sativa segment is expected to hold the highest market share during the forecast period due to growing awareness and high demand. The segmentation done on the basis of Chemical Component the Tetrahydrocannabinol (THC) segment is expected to hold the highest market share.

Medical Marijuana Industry on the basis of application in this report include Cancer, Arthritis, and Alzheimer’s, Pain Management, Multiple Sclerosis and Others. Pain Management segment hold the largest share and it is also the fastest growing with the CAGR of XX% in the forecasted period.

The segmentation done on the basis of end use includes hospital, pharmaceutical industry and research and development centers of which the pharmaceutical industry segment is expected to hold the highest market share during the forecast period.

Key Benefits for Stakeholders

Medical marijuana Manufacturers, Distributors and Retailers

Raw material suppliers

Research and Consulting Organization

Medical and, R&D and healthcare institutions

By Product Type

Sativa

Indica

Hybrid

By Chemical Component

Tetrahydrocannabinol (THC)

Cannabidiol (CBD)

Hybrid (Combination of THC & CBD)

By Application

Cancer

Arthritis

Alzheimer’s

Pain Management

Multiple Sclerosis

Others

By End-User

Hospitality

Pharmaceutical Industry

Research and Development Centers

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Canopy Growth Corporation

GW Pharmaceuticals, PLC

Medical Marijuana, Inc.

United Cannabis Corporation

Cannabis Sativa, Inc.

GreenGro Technologies

Aurora Cannabis

United Cannabis Corporation

Cara Therapeutics.

GBSciences, Inc.

(A brief overview of 10 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

Raw Market Data is collected and compared with the Existing in-house Data on a broad front. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market. To avoid bias, we filter the collected data collected from authenticated sources. GMI has a well proven Statistical Modeling System for estimates and forecasts. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.