Medical Marijuana Market, By Product Type (Oil, Capsules, Tinctures, and Others), By Application (Chronic pain, Mental Disorders, Cancer, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Medical Marijuana Market, By Product Type (Oil, Capsules, Tinctures, and Others), By Application (Chronic pain, Mental Disorders, Cancer, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)


The medical marijuana market has witnessed significant growth in recent years owing to the increasing legalization of cannabis for medical purposes in numerous countries and states across the world. Cannabis and its compound cannabidiol (CBD) has proven anti-epileptic, analgesic, and anti-inflammatory properties and is being explored for its potential in the treatment of various conditions including chronic pain, neurological disorders, cancer, and mental illnesses. Countries have also recognized potential tax revenues from the legal cannabis industry. With its wide applicability and growing acceptance, the global medical marijuana market is expected to showcase substantial growth over the forthcoming years.

Market Dynamics:

The global medical marijuana market growth is primarily driven by increasing legalization of medical cannabis, growing adoption among geriatric population for pain management, rising clinical evidence validating its therapeutic efficacy, and potential cost savings offered by medical cannabis compared to conventional medications. However, strict government regulations and social stigma associated with the use of cannabis continue to restrain significant market growth. Key opportunities include increasing R&D activities exploring new therapeutic compounds from cannabis, rising adoption in developing countries, and growing popularity of cannabis-based wellness products.

Key Features of the Study:
  • This report provides in-depth analysis of the global medical marijuana market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global medical marijuana market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Tilray, Aphria, Inc., Vantage Hemp, Averix Bio, LLC, Curaleaf, Bright Green Corporation, Cresco Labs, Trulieve, GW Pharmaceuticals, Plc., Canopy Growth Corporation, and Aurora Cannabis
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • Global medical marijuana market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical marijuana market
Market Segmentation
  • By Product Type Insights (Revenue, USD Bn, 2019 - 2031)
  • Oil
  • Capsules
  • Tinctures
  • Others
  • By Application Insights (Revenue, USD Bn, 2019 - 2031)
  • Chronic pain
  • Mental Disorders
  • Cancer
  • Others
  • Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • Tilray
  • Aphria, Inc.
  • Vantage Hemp
  • Averix Bio, LLC
  • Curaleaf
  • Bright Green Corporation
  • Cresco Labs
  • Trulieve
  • GW Pharmaceuticals, Plc.
  • Canopy Growth Corporation
  • Aurora Cannabis


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Medical Marijuana Market, By Product Type
Medical Marijuana Market, By Application
Medical Marijuana Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
Market Trends
4. Medical Marijuana Market, By Product Type, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Oil
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Capsules
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Tinctures
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Medical Marijuana Market, By Application, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Chronic pain
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Mental Disorders
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Cancer
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Medical Marijuana Market, By Region, 2019 - 2031, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Bn)
South Africa
North Africa
Central Africa
7. Competitive Landscape
Tilray
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Aphria, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Vantage Hemp
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Averix Bio, LLC
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Curaleaf
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Bright Green Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Cresco Labs
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Trulieve
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
GW Pharmaceuticals, Plc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Canopy Growth Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Aurora Cannabis
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
8. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. References and Research Methodology
References
Research Methodology
About us
*Browse 28 market data tables and 26 figures on 'Medical Marijuana Market' - Global forecast to 2031

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