Global medical marijuana market expected to generate revenue of around USD 40,907 million by the end of 2024, growing at a CAGR of around 19.4% between 2018 and 2024. Marijuana is a greenish-gray color mixture of dried flowers of cannabis sativa. Medical marijuana is in its inception phase in the medical sector.
The report covers the forecast and analysis for the medical marijuana market on a global and regional level. The study provides historical data from2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the medical marijuana market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the medical marijuana market on a global level.
In order to give the users of this report a comprehensive view of the medical marijuana market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses the market attractiveness analysis, wherein product, application, and distribution channel, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions and mergers, new product launches, agreements, partnerships, collaborations, and joint ventures, research and development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the medical marijuana market by segmenting the market based on product, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries.
Some of the leading players in medical marijuana market include MedReleaf Corporation, GW Pharmaceuticals PLC, Canopy Growth Corporation, Green Relief Inc., Aurora Cannabis Inc., Aphria Incorporation, Cannabis Sativa, INC., Medical Marijuana, The Peace Naturals Project, and Insys Therapeutics, Inc.
This report segments the global medical marijuana market as follows:
Global Medical Marijuana Market: Product Segment Analysis
Global Medical Marijuana Market: Application Segment Analysis
Global Medical Marijuana Market: Distribution Channel Segment Analysis
Global Medical Marijuana Market: Regional Segment Analysis
List of Figures
1. Market research process
2. Market methodology
3. Global medical marijuana market revenue, 2017 – 2024(USD Billion)
4. Porter’s five forces analysis
5. Medical marijuana market attractiveness analysis, by product segment
6. Medical marijuana market attractiveness analysis, by Application Segment
7. Medical marijuana market attractiveness analysis, by Distribution Channel segment
8. Medical marijuana market attractiveness analysis, by regional segment
9. Company market share analysis, 2017
10. Global medical marijuana market revenue share by product, 2017 and 2024
11. Global medical marijuana market for Dried form, 2017 – 2024(USD Billion)
12. Global medical marijuana market for extract form, 2017 – 2024(USD Billion)
13. Global medical marijuana market revenue share by Application, 2017 and 2024
14. Global medical marijuana market for Pain Management, 2017 – 2024 (USD Billion)
15. Global medical marijuana market for Seizure, 2017 – 2024 (USD Billion)
16. Global medical marijuana market for Other applications, 2017 – 2024 (USD Billion)
17. Global medical marijuana market revenue share by Distribution Channel, 2017 and 2024
18. Global medical marijuana market for Retail Pharmacy, 2017 – 2024 (USD Billion)
19. Global medical marijuana market for e-Commerce, 2017 – 2024 (USD Billion)
20. Global medical marijuana market revenue share by regions, 2017 and 2024
21. North American medical marijuana market,2017 – 2024(USD Billion)
22. Europe medical marijuana market,2017 – 2024(USD Billion)
23. Asia Pacific medical marijuana market,2017 – 2024(USD Billion)
24. Latin America medical marijuana market,2017 – 2024(USD Billion)
25. The Middle East and Africa medical marijuana market,2017 – 2024(USD Billion)
List of Tables
1. Medical marijuana market: market snapshot
2. Drivers of global medical marijuana market: impact analysis
3. Restraints of global medical marijuana market: impact analysis
4. North American medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
5. North American medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
6. North American medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
7. The U.S. medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
8. The U.S. medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
9. The U.S. medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
10. Canada medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
11. Canada medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
12. Canada medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
13. Europe medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
14. Europe medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
15. Europe medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
16. UK medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
17. UK medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
18. UK medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
19. Germany medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
20. German medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
21. German medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
22. France medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
23. France medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
24. France medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
25. Italy medical marijuana market revenue, by product, 2017 – 2024 (USD Billion)
26. Italy medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
27. Italy medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
28. Czech Republic medical marijuana market revenue, by product, 2017 – 2024 (USD Billion)
29. Czech Republic medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
30. Czech Republic medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
31. Netherlands medical marijuana market revenue, by product, 2017 – 2024 (USD Billion)
32. Netherlands medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
33. Netherlands medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
34. Rest of Europe medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
35. Rest of Europe medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
36. Rest of Europe medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
37. Asia Pacific medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
38. Asia Pacific medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
39. Asia Pacific medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
40. Australian medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
41. Australian medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
42. Australian medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
43. Rest of Asia Pacific medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
44. Rest of Asia Pacific medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
45. Rest of Asia Pacific medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
46. Latin America medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
47. Latin America medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
48. Latin America medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
49. Argentina medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
50. Argentina medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
51. Argentina medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
52. Chile medical marijuana market revenue, by product, 2017 – 2024 (USD Billion)
53. Chile medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
54. Chile medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
55. Peru medical marijuana market revenue, by product, 2017 – 2024 (USD Billion)
56. Peru medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
57. Peru medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
58. Rest of Latin America medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
59. Rest of Latin America medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
60. Rest of Latin America medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
61. The Middle East and Africa medical marijuana market revenue, by product, 2017 – 2024(USD Billion)
62. The Middle East and Africa medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
63. The Middle East and Africa medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
64. Israeli medical marijuana market revenue, by product, 2017 – 2024 (USD Billion)
65. Israeli medical marijuana market revenue, by Application, 2017 – 2024 (USD Billion)
66. Israeli medical marijuana market revenue, by Distribution Channel, 2017 – 2024 (USD Billion)
Marijuana is a greenish-gray color mixture of dried flowers of cannabis sativa. Medical marijuana is in its inception phase in the medical sector. The chemical characteristics of medical marijuana have their usage in the treatment of various diseases, such as mental disorders, chronic pain, cancer, etc. Marijuana for medicinal uses is steadily finding acceptance in the society globally, which, in turn, is fuelling the expansion of medical marijuana market on a global scale.
Currently, medical marijuana is in its initial phase in the medicinal healthcare industry. It is a revolutionary product that is garnering mass acceptance globally, where Chinese remedies still use such plants and have a long history associated with marijuana. Medical marijuana has the potential to create a huge impact on the healthcare industry to cure cases that are not treatable by traditional medicines. Medical marijuana is basically common marijuana plant used to obtain an authentic composition of cannabinoids required for manufacturing the product needed for medicinal use.
The medical marijuana market is segmented based on product, application, and distribution channel. By product, the medical marijuana market is bifurcated into dried form and extracts form. Based on application, the market is segmented into pain management, seizure, and others. By distribution channel, the market covers retail pharmacy and e-commerce.
North America accounted for the largest share in the medical marijuana market in 2017 and is likely to register the highest CAGR over the forecast timeframe. The legalization of cannabis in the U.S. for medical uses is one of the key factors contributing to the high growth rate of the medical marijuana market in the region. Moreover, Canada’s move to legalize recreational marijuana is expected to boost market growth in North America in the upcoming years. Europe accounted for the second position in terms of revenue in the global medical marijuana market.
Some of the leading players in medical marijuana market include MedReleaf Corporation, GW Pharmaceuticals PLC, Canopy Growth Corporation, Green Relief Inc., Aurora Cannabis Inc., Aphria Incorporation, Cannabis Sativa, INC., Medical Marijuana, The Peace Naturals Project, and Insys Therapeutics, Inc. The growing competition among the key players operating in the market, owing to rising acceptance of marijuana for medical use and new product launches by the companies operating in the market are expected to propel the growth of the global market in the future. For instance, on October 4, 2018, the Medical Marijuana Inc., the first publicly traded marijuana company in the U.S., launched its new product, Real Scientific Canada crossways Canada via Canadian formulation and extraction company Salvation Botanicals, Ltd. Moreover, on October 17, 2018, the company launched various cannabis products, which includes internationally-recognized Real Scientific Hemp Oil, which was first Cannabidiol (CBD) product line in the U.S. to receive import permits in Mexico, Brazil, and Paraguay, and to be sold over state lines.
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