Medical Marijuana Market | 2021 Size, Growth, Cap, Regional Analysis With Global Forecast To 2026, is latest report on Global Medical Marijuana Industry, published by “Fortune Business Insights”. According to this report Global Medical Marijuana Market to rise at 20.04% Compound Annual Growth Rate and will reach USD 26,920.4 by 2026. Market for Medical Marijuana is segmented By Application (Pain Disorders, Cancer, and Others), By Type (Flowers, Concentrates, Edibles and Others), By Distribution Channel (Dispensaries, Online Channel, and Others), and Regional Forecast, 2019-2026.
Major Medical Marijuana Manufacturers covered in the market report include:
Aurora Cannabis, CannTrust Holdings, MedReleaf Corp, Emerald Health Therapeutics, The Cronos Group, Green Relief Inc., Medical Marijuana, Inc., ABcann Medicinals, Inc., GW Pharmaceuticals, Aphria Inc., Canopy Growth Corporation and other key market players.
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Medical Marijuana Market Analysis 2021:
The global medical marijuana market size is expected to reach USD 26,920.4 million by 2026, owing to the increasing demand for decriminalization of marijuana in most parts of the world. Medical cannabis or medical marijuana is extracted from the marijuana plant and can be used for treating certain illnesses and health conditions. But due to government restrictions, the use of marijuana as a medicinal drug is not tested rigorously. According to this report, the market was USD 6,338.1 million in 2018 and is anticipated to exhibit a CAGR of 20.4% during the forecast period set between 2019 to 2026.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
The increasing demand for legalization of medical cannabis across various states is a major medical marijuana market growth driver. Besides this, the rising prevalence of diseases such as Parkinson’s disease, cancer, neurological disorders, and acute pain diseases is also expected to aid in expansion of the market in the forecast period.
On the contrary, increasing application of marijuana beyond the required dose may result in side effects such as hallucinations, dizziness, low blood pressure, and others. This may stand as a major challenge to the market in the long run.
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The rapid developmental pace of medical marijuana and its wide expansion has propelled many players to enter into this market and make heavy investments in research and development of the same. Although the most crucial part is its production and cultivation, significant medical marijuana market revenue is derived from the pharmacological organizations.
Besides this, with the increasing number of marijuana legalization in various states, more and more players are entering into the market to make their mark in the competition. Existing players are focusing on geographical expansion for gaining a competitive edge in the market in the forthcoming years.
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Medical Marijuana Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Medical Marijuana Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Competitive And Regional Analysis:
This report focuses on Medical Marijuana Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Geographically, North America earned the maximum medical marijuana market share with a revenue of USD 5,994.9 million earned in 2018, that is anticipated to reach USD 24,578.3 million by the end of 2026.
Growth of this region is attributed to the rise in the number of legalization of marijuana for both medical and recreational purposes, coupled with the presence of major vendors in the region. Europe ranks second in terms of cannabis cultivation and is expected to witness significant growth owing to the increasing investments for research activities by many public and private entities in the forthcoming years.
Furthermore, the market in Latin America and the Rest of the World is anticipated to witness lucrative business opportunities in the years to follow. This is owing to the rise in prevalence of chronic ailments, psychiatric disorders, acute pain diseases and the increasing awareness about the medicinal benefits of cannabis.
The Medical Marijuana Market Size report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Key questions answered in the report:
- What will the market growth rate of Medical Marijuana market in 2026?
- What are the key factors driving the global Medical Marijuana market?
- Who are the key manufacturers in Medical Marijuana market space?
- What are the market opportunities, market risk and market overview of the Medical Marijuana market?
- What are sales, revenue, and price analysis of top manufacturers of Medical Marijuana market?
- Who are the distributors, traders and dealers of Medical Marijuana market?
- What are the Medical Marijuana market opportunities and threats faced by the vendors in the global Medical Marijuana industry?
- What are sales, revenue, and price analysis by types and applications of Medical Marijuana market?
- What are sales, revenue, and price analysis by regions of Medical Marijuana industry?
Table of Content:
1 Medical Marijuana Market Overview
1.1 Medical Marijuana Product Overview
1.2 Medical Marijuana Market Segment by Type
1.3 Global Medical Marijuana Market Size by Type (2015-2026)
1.3.1 Global Medical Marijuana Market Size Overview by Type (2015-2026)
1.3.2 Global Medical Marijuana Historic Market Size Review by Type (2015-2021)
1.3.2.1 Global Medical Marijuana Sales Market Share Breakdown by Type (2015-2026)
1.3.2.2 Global Medical Marijuana Market Share Breakdown by Type (2015-2026)
1.3.2.3 Global Medical Marijuana Average Selling Price (ASP) by Type (2015-2026)
1.3.3 Global Medical Marijuana Market Size Forecast by Type (2021-2026)
1.3.3.1 Global Medical Marijuana Sales Market Share Breakdown by Application (2021-2026)
1.3.3.2 Global Medical Marijuana Revenue Market Share Breakdown by Application (2021-2026)
1.3.3.3 Global Medical Marijuana Average Selling Price (ASP) by Application (2021-2026)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Medical Marijuana Sales Breakdown by Type (2015-2026)
1.4.2 Europe Medical Marijuana Sales Breakdown by Type (2015-2026)
1.4.3 Asia-Pacific Medical Marijuana Sales Breakdown by Type (2015-2026)
1.4.4 Latin America Medical Marijuana Sales Breakdown by Type (2015-2026)
1.4.5 Middle East and Africa Medical Marijuana Sales Breakdown by Type (2015-2026)
2 Global Medical Marijuana Market Competition by Company
2.1 Global Top Players by Medical Marijuana Sales (2015-2021)
2.2 Global Top Players by Medical Marijuana Revenue (2015-2021)
2.3 Global Top Players Medical Marijuana Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Medical Marijuana Manufacturing Base Distribution, Sales Area, Product Type
2.5 Medical Marijuana Market Competitive Situation and Trends
2.5.1 Medical Marijuana Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Medical Marijuana Sales and Revenue in 2019
2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Medical Marijuana as of 2019)
2.7 Date of Key Company Enter into Medical Marijuana Market
2.8 Key Company Medical Marijuana Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Medical Marijuana Status and Outlook by Region (2015-2026)
3.1 Global Medical Marijuana Market Size and CAGR by Region: 2015 VS 2021 VS 2026
3.2 Global Medical Marijuana Market Size Market Share by Region (2015-2021)
3.2.1 Global Medical Marijuana Sales Market Share by Region (2015-2021)
3.2.2 Global Medical Marijuana Revenue Market Share by Region (2015-2021)
3.2.3 Global Medical Marijuana Sales, Revenue, Price and Gross Margin (2015-2021)
3.3 Global Medical Marijuana Market Size Market Share by Region (2021-2026)
3.3.1 Global Medical Marijuana Sales Market Share by Region (2021-2026)
3.3.2 Global Medical Marijuana Revenue Market Share by Region (2021-2026)
3.3.3 Global Medical Marijuana Sales, Revenue, Price and Gross Margin (2021-2026)
3.4 North America Medical Marijuana Market Size By Growth (2015-2026)
3.4.1 North America Medical Marijuana Revenue By Growth (2015-2026)
3.4.2 North America Medical Marijuana Sales By Growth (2015-2026)
3.5 Asia-Pacific Medical Marijuana Market Size By Growth (2015-2026)
3.5.1 Asia-Pacific Medical Marijuana Revenue By Growth (2015-2026)
3.5.2 Asia-Pacific Medical Marijuana Sales By Growth (2015-2026)
3.6 Europe Medical Marijuana Market Size By Growth (2015-2026)
3.6.1 Europe Medical Marijuana Revenue By Growth (2015-2026)
3.6.2 Europe Medical Marijuana Sales By Growth (2015-2026)
3.7 Latin America Medical Marijuana Market Size By Growth (2015-2026)
3.7.1 Latin America Medical Marijuana Revenue By Growth (2015-2026)
3.7.2 Latin America Medical Marijuana Sales By Growth (2015-2026)
3.8 Middle East and Africa Medical Marijuana Market Size By Growth (2015-2026)
3.8.1 Middle East and Africa Medical Marijuana Revenue By Growth (2015-2026)
3.8.2 Middle East and Africa Medical Marijuana Sales By Growth (2015-2026)
4 Global Medical Marijuana by Application
4.1 Medical Marijuana Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Medical Marijuana Sales by Application: 2015 VS 2021 VS 2026
4.3 Global Medical Marijuana Historic Sales by Application (2015-2021)
4.4 Global Medical Marijuana Forecasted Sales by Application (2021-2026)
4.5 Key Regions Medical Marijuana Market Size by Application
4.5.1 North America Medical Marijuana by Application
4.5.2 Europe Medical Marijuana by Application
4.5.3 Asia-Pacific Medical Marijuana by Application
4.5.4 Latin America Medical Marijuana by Application
4.5.5 Middle East and Africa Medical Marijuana by Application
5 North America Medical Marijuana Market Size by Country (2015-2026)
5.1 North America Market Size Market Share by Country (2015-2021)
5.1.1 North America Medical Marijuana Sales Market Share by Country (2015-2021)
5.1.2 North America Medical Marijuana Revenue Market Share by Country (2015-2021)
5.2 North America Market Size Market Share by Country (2021-2026)
5.2.1 North America Medical Marijuana Sales Market Share by Country (2021-2026)
5.2.2 North America Medical Marijuana Revenue Market Share by Country (2021-2026)
5.3 North America Market Size By Growth by Country
5.3.1 U.S. Medical Marijuana Market Size By Growth (2015-2026)
5.3.2 Canada Medical Marijuana Market Size By Growth (2015-2026)
6 Europe Medical Marijuana Market Size by Country (2015-2026)
6.1 Europe Market Size Market Share by Country (2015-2021)
6.1.1 Europe Medical Marijuana Sales Market Share by Country (2015-2021)
6.1.2 Europe Medical Marijuana Revenue Market Share by Country (2015-2021)
6.2 Europe Market Size Market Share by Country (2021-2026)
6.2.1 Europe Medical Marijuana Sales Market Share by Country (2021-2026)
6.2.2 Europe Medical Marijuana Revenue Market Share by Country (2021-2026)
6.3 Europe Market Size By Growth by Country
6.3.1 Germany Medical Marijuana Market Size By Growth (2015-2026)
6.3.2 France Medical Marijuana Market Size By Growth (2015-2026)
6.3.3 U.K. Medical Marijuana Market Size By Growth (2015-2026)
6.3.4 Italy Medical Marijuana Market Size By Growth (2015-2026)
6.3.5 Russia Medical Marijuana Market Size By Growth (2015-2026)
7 Asia-Pacific Medical Marijuana Market Size by Country (2015-2026)
7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)
7.1.1 Asia-Pacific Medical Marijuana Sales Market Share by Country (2015-2021)
7.1.2 Asia-Pacific Medical Marijuana Revenue Market Share by Country (2015-2021)
7.2 Asia-Pacific Market Size Market Share by Country (2021-2026)
7.2.1 Asia-Pacific Medical Marijuana Sales Market Share by Country (2021-2026)
7.2.2 Asia-Pacific Medical Marijuana Revenue Market Share by Country (2021-2026)
7.3 Asia-Pacific Market Size By Growth by Country
7.3.1 China Medical Marijuana Market Size By Growth (2015-2026)
7.3.2 Japan Medical Marijuana Market Size By Growth (2015-2026)
7.3.3 South Korea Medical Marijuana Market Size By Growth (2015-2026)
7.3.4 India Medical Marijuana Market Size By Growth (2015-2026)
7.3.5 Australia Medical Marijuana Market Size By Growth (2015-2026)
7.3.6 Taiwan Medical Marijuana Market Size By Growth (2015-2026)
7.3.7 Indonesia Medical Marijuana Market Size By Growth (2015-2026)
7.3.8 Thailand Medical Marijuana Market Size By Growth (2015-2026)
7.3.9 Malaysia Medical Marijuana Market Size By Growth (2015-2026)
7.3.10 Philippines Medical Marijuana Market Size By Growth (2015-2026)
Continue…
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