Medical Cannabis Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global medical cannabis market is expected to grow at a CAGR of around 12.8% during 2025-2034. This report on global medical cannabis provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the medical cannabis market by segmenting the market based on species, molecule, end user, application, and region. Also, detailed profiles of companies operating in the global medical cannabis market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Growing research activities and clinical trials on cannabis
• Rise in social acceptance of Cannabis.
Market Challenges
• Legalization in most of the countries is not yet done.
• Medical usage & research requires trained & authorized staff but lack of this is hampering its growth.
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Species
• Indica
• Sativa
• Hybrid
Market by Molecule
• Cannabidiol (CBD)
• Tetrahydrocannabinol (THC)
• Others
Market by End User
• Pharmaceutical Industry
• Research & Development centres
• Others
Market by Applications
• Arthritis
• Cancer
• Depression
• Epilepsy
• Migraine
• Others
Market by Region
• Europe
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Medical Cannabis Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Medical Cannabis Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. Global Medical Cannabis Market by Species
- 5.1. Introduction
- 5.2. Indica
- 5.3. Sativa
- 5.4. Hybrid
- 6. Global Medical Cannabis Market by Molecule
- 6.1 Introduction
- 6.2 Cannabidiol (CBD)
- 6.3 Tetrahydrocannabinol (THC)
- 6.4 Others
- 7. Global Medical Cannabis Market by End User
- 7.1 Introduction
- 7.2 Pharmaceutical Industry
- 7.3 Research & Development Centres
- 7.4 Others
- 8. Global Medical Cannabis Market by Application
- 8.1 Introduction
- 8.2 Arthritis
- 8.3 Cancer
- 8.4 Depression
- 8.5 Epilepsy
- 8.6 Migraine
- 8.5 Others
- 9. Global Medical Cannabis Market by Region
- 9.1 Introduction
- 9.2 Europe
- 9.3 North America
- 9.4 Asia Pacific
- 9.5 Latin America
- 9.6 Middle East & Africa
- 10. SWOT Analysis
- 11. Porter’s Five Forces
- 12. Market Value Chain Analysis
- 13. Competitive Landscape
- 13.1 Competitive Scenario
- 13.2 Company Profiles
- 13.2.1 Aphria Inc.
- 13.2.2 Aurora Cannabis Inc.
- 13.2.3 Canopy growth Corporation
- 13.2.4 Green thumb Industries
- 13.2.5 Medical Marijuana Inc.
- 13.2.6 Medmen
- 13.2.7 Stenocare
- 13.2.8 Terra Tech Corp.
- 13.2.9 The Cronos Group
- 13.2.10 Tikum Olam
- 13.2.11 VIVO cannabis Inc.
- List of Figures
- Figure 1: Global Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 2: Global Medical Cannabis Market by Species, 2024
- Figure 3: Global Medical Cannabis Market by Molecule, 2024
- Figure 4: Global Medical Cannabis Market by End User, 2024
- Figure 5: Global Medical Cannabis Market by Application, 2024
- Figure 6: Global Medical Cannabis Market by Region, 2024
- Figure 7: Global Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 8: Global Medical Cannabis Market by Species (in %), 2024 & 2034
- Figure 9: Global Indica Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 10: Global Indica Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 11: Global Sativa Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 12: Global Sativa Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 13: Global Hybrid Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 14: Global Hybrid Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 15: Global Medical Cannabis Market by Molecule (in %), 2024 & 2034
- Figure 16: Global Cannabidiol (CBD) Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 17: Global Cannabidiol (CBD) Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 18: Global Tetrahydrocannabinol (THC) Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 19: Global Tetrahydrocannabinol (THC) Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 20: Global Others Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 21: Global Others Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 22: Global Medical Cannabis Market by End User (in %), 2024 & 2034
- Figure 23: Global Pharmaceutical Industry Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 24: Global Pharmaceutical Industry Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 25: Global Research & Development Centres Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 26: Global Research & Development Centres Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 27: Global Others Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 28: Global Others Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 29: Global Medical Cannabis Market by Application (in %), 2024 & 2034
- Figure 30: Global Arthritis Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 31: Global Arthritis Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 32: Global Cancer Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 33: Global Cancer Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 34: Global Depression Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 35: Global Depression Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 36: Global Epilepsy Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 37: Global Epilepsy Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 38: Global Migraine Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 39: Global Migraine Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 40: Global Others Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 41: Global Others Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 42: Global Medical Cannabis Market by Region (in %), 2024 & 2034
- Figure 43: Europe Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 44: Europe Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 45: North America Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 46: North America Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 47: Asia Pacific Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 48: Asia Pacific Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 49: Latin America Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 50: Latin America Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 51: Middle East & Africa Medical Cannabis Market (in US$ Million), 2020-2024
- Figure 52: Middle East & Africa Medical Cannabis Market (in US$ Million), 2025-2034
- Figure 53: Market Value Chain
- List of Tables
- Table 1: Global Medical Cannabis Market Portraiture
- Table 2: Global Medical Cannabis Market by Species (in US$ Million), 2024 & 2034
- Table 3: Global Medical Cannabis Market by Molecule (in US$ Million), 2024 & 2034
- Table 4: Global Medical Cannabis Market by End User (in US$ Million), 2024 & 2034
- Table 5: Global Medical Cannabis Market by Application (in US$ Million), 2024 & 2034
- Table 6: Global Medical Cannabis Market by Region (in US$ Million), 2024 & 2034
- Table 7: List of Key Players
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook