This Medical Cannabis market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Medical Cannabis report simplifies managing marketing of goods and services effectively.

The global medical cannabis market size was valued at USD 21.06 billion in 2023 and is projected to reach USD 108.90 billion by 2031, with a CAGR of 22.80% during the forecast period of 2024 to 2031. 

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Market Overview:

The medical cannabis market has experienced significant growth in recent years, driven by increasing recognition of its therapeutic benefits for various medical conditions. With legalization efforts gaining momentum across multiple regions, the demand for medical cannabis products is on the rise.

Some of the major players operating in the Medical Cannabis market are MediPharm Labs Inc. (Canada), Tilray (Canada), Aurora Cannabis (Canada), JAZZ Pharmaceuticals Inc. (U.K.) (GW Pharmaceuticals plc), HEXO Corp. (Canada) (Zenabis Global Ltd), Cresco Labs (U.S.), Peace Naturals Project Inc. (Canada), CANOPY GROWTH CORPORATION (Canada), Medical Marijuana, Inc. (U.S.), Seed Cellar (U.S.), EcoGen Biosciences (U.S.), CANNABIS SEEDS USA (U.S.), Seeds For Me (U.S.), HUMBOLDT SEED COMPANY (U.S.), Extractas (U.S.), World Class Cannabis Seeds (Crop King Seeds) (Canada), BARNEY'S FARM (Netherlands), FOLIUM BIOSCIENCES (U.S.), PharmaHemp (U.K.), Elixinol Global Limited (Australia), ENDOCA (Netherlands), Harmony (U.K.), MARY’S Nutritionals, LLC (U.S.), Pure Ratios (U.S.), Greenwich Biosciences, Inc. (U.S.), Upstate Elevator Supply Co. (U.S.), Apothecanna (U.S.), BOL Pharma (Israel), IDT Australia (Australia) among others.

Global Medical Cannabis Market Scope

The market is segmented on the basis of product, source, species, derivatives, application, route of administration, treatment type, end user, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

· Oil

· Medical Cannabis Capsules

· Patch

· Whole Flower

· Ground Flower

· Vape Pen

· Dried Medical Cannabis

· Creams & Moisturizers

· Masks & Serum

· Cleanser

· Others

Source

· Natural

· Synthetic

Species

· Cannabis Indica

· Cannabis Sativa

· Hybrid

Application

· Alzheimer’s Disease

· Appetite Loss

· Cancer

· Inflammatory Bowel Diseases

· Eating Disorders

· Epilepsy

· Autism

· Mental Health Conditions

· Multiple Sclerosis

· Pain Management

· Nausea

· Muscle Spasms

· Wasting Syndrome (Cachexia)

· Elevate Mood

· Depression and Sleep Disorders

· Anxiety

· Others

Derivatives

· Cannabidiol (CBD)

· Tetrahydrocannabinol (THC) / Delta-8-Tetrahydrocannabinol

· Cannabinol (CBN)

· Cannabicyclol (CBL)

· Cannabichromene (CBC)

· Cannabigerol (CBG)

· Others

Treatment Type

· Expectorant

· Antiviral

· Analgesic

· Aphrodisiac

· Psychedelic

· Others

Route of Administration

· Oral Solutions and Capsules

· Smoking

· Vaporizers

· Topicals

· Others

End User

· Pharmaceutical Industry

· Research and Development Centers

· Homecare Setting

· Hospitals

· Rehab Centers

· Others

Distribution Channel

· B2B

· B2C

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Medical Cannabis Market Landscape

Part 04: Global Medical Cannabis Market Sizing

Part 05: Global Medical Cannabis Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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