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Medical Cannabis Market Size, Growth 2021, Research Report, SWOT Analysis, Marijuana Industry Share, Country Wise Data, Statistics

December 14th, 2020 Market Research Future Releases

Medical Cannabis Market Synopsis

According to Market Research Future (MRFR), the global medical cannabis market is estimated to procure a market value of USD 52.35 billion while thriving at a CAGR of 15.4% by 2025.

The increasing legalization of the hemp plant in various countries for medicinal purposes is projected to provide lucrative opportunities to pharmaceutical companies, which may strengthen the global market. The ability of the herbal plant to provide relief from chronic pain, vomiting, and sleep difficulties can accelerate the demand for medical marijuana, which may boost the industry in the coming period. Furthermore, the growing usage of cannabis to prevent cancer is likely to surge the demand for herbal leaves that can fuel the trade in the coming period.

Get customized Sample with complete Toc, Inclusive of COVID-19 Industry Analysis @ https://www.marketresearchfuture.com/sample_request/8368

On the other hand, the increasing usage of weed as recreational cannabis can lead to adverse human health, which is anticipated to hinder the market growth. However, the capability of cannabis to fight depression is likely to counter the impeding factor that can underpin global trade.

Medical Cannabis Market Segmentation

The segmental analysis of the global medical cannabis market is done by application, end-user, derivative, and product form.

The application-based segments of the global medical cannabis market are arthritis, cancer, Alzheimer’s disease, schizophrenia, and others. Among all segments, the Alzheimer’s disease segment is anticipated to acquire the largest market share during the forecast period.

The end-user based segments of the global medical cannabis market are retail pharmacy, online stores, and others. Among all segments, the retail pharmacy segment is expected to acquire the largest market share during the review period.

The derivative-based segments of the global medical cannabis market are cannabidiol (CBD) and tetrahydrocannabinol (THC). Between the two segments, the CD segment is anticipated to acquire the maximum market share during the assessment period.

The product form-based segments of the global medical cannabis market are powders, solids, ointments and creams, oil, and others. Among all segments, the powders segment is anticipated to be the fastest-growing market during the review period.

Medical Cannabis Market Regional Analysis

Based on the region, the global market for medical cannabis is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa.

As per the analysis, North America is anticipated to dominate the global market for medical cannabis owing to the growing usage of cannabis in medicines. The on-going research on the benefits of cannabis is likely to augment the regional market significantly in the coming period. Furthermore, the growing prevalence of chronic illness among the expanding geriatric population is expected to actuate the regional market in the evaluation tenure.

Europe is expected to acquire significant market value during the review period owing to the growing R&D on cannabis. Furthermore, the rising demand for medical marijuana to treat chronic illness is projected to fuel the regional market in the forthcoming period.

APAC region is projected to be the fastest-growing market owing to its rising medicinal application. The growing number of cancer patients and the increasing geriatric population is anticipated to be a significant cause that can grow the regional market in the assessment period.

The MEA region is expected to grow significantly, owing to the rising healthcare expenditure and the increasing demand for marijuana for medicinal purposes.

Medical Cannabis Market Key Players

Renowned players of the global medical cannabis market are Aphria, Inc. (Canada), Canopy Growth Corporation (Canada), Maricann Inc. (Canada), GW Pharmaceuticals PLC (UK), Tilray (Canada), Medical Marijuana, Inc. (the US), Aurora Cannabis (Canada),  Cannabis Sativa Inc. (US), CanniMed Ltd (Canada), United Cannabis (US), MediPharm Labs (Canada), and  GBSciences Inc. (US).

Table Of Contents

1. REPORT PROLOGUE

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope Of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

…TOC Continued

LIST OF TABLES

TABLE 1 GLOBAL MEDICAL CANNABIS MARKET SYNOPSIS, 2019–2025

TABLE 2 GLOBAL MEDICAL CANNABIS MARKET ESTIMATES & FORECAST, 2019–2025 (USD MILLION)

TABLE 3 GLOBAL MEDICAL CANNABIS MARKET, BY PRODUCT FORM, 2019–2025 (USD MILLION)

TABLE 4 GLOBAL MEDICAL CANNABIS MARKET, BY DERIVATIVES, 2019–2025 (USD MILLION)

TABLE 5 GLOBAL MEDICAL CANNABIS MARKET, BY APPLICATION, 2019–2025 (USD MILLION)

TABLE 6 GLOBAL MEDICAL CANNABIS MARKET, BY DISTRIBUTION CHANNEL, 2019–2025 (USD MILLION)

…Continued

LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL MEDICAL CANNABIS MARKET

FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL MEDICAL CANNABIS MARKET

FIGURE 4 GLOBAL MEDICAL CANNABIS MARKET SHARE, BY PRODUCT FORM, 2018 (%)

FIGURE 5 GLOBAL MEDICAL CANNABIS MARKET SHARE, BY DERIVATIVES, 2018 (%)

FIGURE 6 GLOBAL MEDICAL CANNABIS MARKET SHARE, BY APPLICATION, 2018 (%)

…Continued

Get Premium Research Report, Inclusive of COVID-19 Impact Analysis, Find more information @ https://www.marketresearchfuture.com/reports/medical-cannabis-market-8368

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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