MEA Medical Cannabis Market - Industry Trends and Forecast to 2030

MEA Medical Cannabis Market - Industry Trends and Forecast to 2030

The Middle East and Africa medical cannabis market is expected to reach USD 1,218.25 million by 2030 from USD 254.83 million in 2022, growing at a CAGR of 21.7% during the forecast period of 2023 to 2030.
Market Segmentation
Middle East and Africa Medical Cannabis Market, By Product (Oil, Medical Cannabis Capsules, Patch, Whole Flower, Ground Flower, Vape Pen, Dried Medical Cannabis, Creams & Moisturizer, Masks & Serum, Cleanser, and Others), Source (Natural and Synthetic), Species (Cannabis Indica, Sativa, and 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, and Others), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC), Delta-8-tetrahydrocannabinol, Cannabinol (CBN), Cannabicyclol (CBL), Cannabichromene (CBC), Cannabigerol (CBG), and Others), Treatment Type (Expectorant, Antiviral, Analgesic, Aphrodisiac, Psychedelic, and Others), Route of Administration (Oral Solutions and Capsules, Smoking, Vaporizers, Topicals, and Others), End User (Pharmaceutical Industry, Research and Development Centers, Homecare Setting, Hospital, Rehab Centers, and Others), Distribution Channel (B2B and B2C), Country (South Africa, Ethiopia, U.A.E., and Rest of Middle East and Africa) – Industry Trends and Forecast to 2030


Overview of Middle East and Africa Medical Cannabis Market Dynamics

Driver
• Increased medical use of cannabis
Restraint

• The complex regulatory structure for the usage of cannabis

Opportunity

• Novel product development with increasing R&D activities

Market Players

Some of the major market players operating in the Middle East and Africa medical cannabis market are:

• MediPharm Labs Inc.
• Tilray
• Aurora Cannabis
• JAZZ Pharmaceuticals Inc. (GW Pharmaceuticals plc)
• HEXO Corp. (Zenabis Global Ltd)
• Cresco Labs
• Peace Naturals Project Inc.
• CANOPY GROWTH CORPORATION
• Medical Marijuana, Inc.
• Seed Cellar
• EcoGen Biosciences
• CANNABIS SEEDS USA
• Seeds For Me
• HUMBOLDT SEED COMPANY
• Extractas
• World Class Cannabis Seeds (Crop King Seeds)
• BARNEY'S FARM
• FOLIUM BIOSCIENCES
• PharmaHemp
• Elixinol Global Limited
• ENDOCA
• Harmony
• MARY’S nutritionals, LLC
• Pure Ratios
• Greenwich Biosciences, Inc.
• Upstate Elevator Supply Co.
• Apothecanna
• BOL Pharma
• IDT Australia


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