Europe Medical Cannabis Market - Industry Trends and Forecast to 2030

Europe Medical Cannabis Market - Industry Trends and Forecast to 2030

Europe medical cannabis market is expected to reach USD 24,646.06 million by 2031 from USD 2,625.67 million in 2023, growing at a CAGR of 33.6% during the forecast period of 2023 to 2030
Market Segmentation
Europe Medical Cannabis Market, By Product (Oil, Dried Medial Cannabis, Medical Cannabis Capsules, Whole Flower, Ground Flower, Vape Pen, Dried Medical Cannabis, Creams & Moisturizer, and Others), Source (Synthetic and Natural), Species (Cannabis Indica, Sativa, and Hybrid ), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC), and Others), (Application (Pain Management, Anxiety, Muscle Spasms, Nausea, Appetite Loss, Cancer, Arthritis, Alzheimer's Disease/Migranes, Epilepsy, Depression And Sleep Disorders, Multiple Sclerosis, Autism, Mental Health Conditions, Elevate Mood, and Others), Route of Administration (Oral Solutions And Capsules, Smoking, Vaporizers, Topicals, and Others) (End User (Pharmaceutical Industry, Research and Development Centers, Homecare Settings, Hospital And Rehab Centers, and Others), Distribution Channel (B2B and B2C), Country (Germany, U.K., Ital, Netherlands, Switzerland, France, Russia, Spain, Belgium, Greece, Luxembourg, and Rest of Europe) Industry Trends & Forecast To 2031
Overview of Europe Medical Cannabis Market Dynamics

Driver
• Rise in incidence of diseases that require the use of cannabis

Restrain

• Ethical issues related to the use of medical cannabis
Opportunity

• Increased medicinal use of medical cannabis

Market Players

Some of the major players operating in the Europe medical cannabis market are:

• Tilray
• Medipharm Labs
• Althea Company Pty Ltd
• PharmaHemp
• Aurora Cannabis
• CANOPY GROWTH CORPORATION
• Jazz Pharmaceuticals, Inc.
• ECOGEN BIOSCIENCES
• GRASS & CO.,
• CANNARAY
• Sanity Group GmbH.
• HEXO Corp.


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