Product Code: GVR-1-68038-754-4
Medical Marijuana Market Growth & Trends:
The global medical marijuana market size is expected to reach USD 65.8 billion by 2030 and is expected to expand at a CAGR of 21.6% over the forecast period, according to a new report by Grand View Research, Inc. The major factors attributed to the industry growth are the rapid adoption of cannabis in therapeutic applications and a surge in the number of countries legalizing the usage of medical marijuana.
As per numerous studies, cannabis has shown positive results in the treatment of chronic diseases. Thus, with the growing penetration of chronic disease throughout the globe, the industry is expected to see a steep rise in demand. For instance, as per the data released by the WHO, the chronic disease burden was expected to reach 57% by 2020. The growing research and development activities in the industry are also expected to drive the growth in demand.
Additionally, various factors such as a rise in disposable income, increasing social acceptance of cannabis, and growth in awareness regarding the benefits of the product, along with improvements in intellectual property rights of cannabis are some of the major factors that are expected to fuel the growth of the industry.
Key players are coming together on strategic initiatives such as mergers & acquisitions, collaborations, partnerships, funding & investments, and innovative product developments & launches to expand their expertise & product portfolio. This also fuels the industry's growth. For instance, in March 2021, Germany's largest pharmaceutical company, Stada entered the medical marijuana market by launching its two flower products, and further, the company has plans to offer five flower products along with three extracts with different compositions of CBD and THC.
One of the major factors that restrict industry growth is the strict regulation policy. To date, FDA has not allowed the marketing usage of cannabis for the treatment of any disease or condition. Although, the organization has approved one cannabis-derived drug product: Epidiolex (cannabidiol), and three synthetic cannabis-related drug products: Marinol (dronabinol), Syndros (dronabinol), and Cesamet (nabilone). These permitted drug products are only available with a prescription from a licensed healthcare provider.
Medical Marijuana Market Report Highlights:
- The market size is anticipated to be valued at USD 65.8 million by 2030, owing to the growing legalization of medical marijuana in various countries
- In 2021, the oil and tinctures segment dominated the market owing to its growing medical usage for the treatment of chronic pains, cancer, neurological disorders, and others
- Chronic pain segment dominated in 2021. The growing number of clinical trials with marijuana to treat neuropathic and chronic pain is one of the key indicators, which highlights the rising usage of cannabis in pain management over the coming few years
- North America dominated in 2021 owing to the presence of major players, the increasing rate of cannabis legalization in the U.S., and the launch of new products
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & Third Party perspectives
- 1.3.4 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Data Visualization
- 1.6 Data Validation & Publishing
Chapter 2 Executive Summary
- 2.1 Medical Marijuana Market Outlook, By Revenue (USD Million)
Chapter 3 Medical Marijuana Market Variables, Trends and Scope
- 3.1 Penetration & Growth Prospect Mapping
- 3.2 Product Pipeline Analysis, by Stage
- 3.3 Technology Overview
- 3.3.1 Technology timeline
- 3.4 Regulatory Framework
- 3.5 Market Dynamics
- 3.5.1 Market driver analysis
- 3.5.2 Market restraint analysis
- 3.6 Medical Marijuana Market Analysis Tools
- 3.6.1 Industry analysis - Porter's
- 3.6.1.1 Supplier power
- 3.6.1.2 Buyer power
- 3.6.1.3 Substitution threat
- 3.6.1.4 New entrants threat
- 3.6.1.5 Competitive rivalry
- 3.6.2 PESTEL Analysis
- 3.6.2.1 Political landscape
- 3.6.2.2 Economic landscape
- 3.6.2.3 Social landscape
- 3.6.2.4 Technology landscape
- 3.6.3 Global Marijuana Demand-Supply Analysis
- 3.6.4 Global Marijuana Trade Route
- 3.6.5 Patient Pool Analysis
Chapter 4 Medical Marijuana Market: Product Type Estimates & Trend Analysis
- 4.1 Definitions & Scope
- 4.2 Medical Marijuana Market Share by Product Type
- 4.3 Segment Dashboard
- 4.4 Flower
- 4.4.1 Flower market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.5 Oil & Tinctures
- 4.5.1 Oil & tinctures market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5 Medical Marijuana Market: Application Estimates & Trend Analysis
- 5.1 Definitions & Scope
- 5.2 Medical Marijuana Market Share by Application
- 5.3 Segment Dashboard
- 5.4 Cancer
- 5.4.1 Cancer market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5 Chronic Pain
- 5.5.1 Chronic pain market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.6 Depression & Anxiety
- 5.6.1 Depression & anxiety market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.7 Arthritis
- 5.7.1 Arthritis market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.8 Diabetes
- 5.8.1 Diabetes market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.9 Glaucoma
- 5.9.1 Glaucoma market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.10 Migraines
- 5.10.1 Migraines market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.11 Epilepsy
- 5.11.1 Epilepsy market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.12 Multiple Sclerosis
- 5.12.1 Multiple Sclerosis market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.13 AIDS
- 5.13.1 AIDS market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.14 Amyotrophic Lateral Sclerosis
- 5.14.1 Amyotrophic Lateral Sclerosis market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.15 Alzheimer's Disease
- 5.15.1 Alzheimer's Disease market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.16 Post-Traumatic Stress Disorder (PTSD)
- 5.15.1 Post-Traumatic Stress Disorder (PTSD)market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.17 Parkinson's Disease
- 5.17.1 Parkinson's Disease market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.18 Tourettes
- 5.18.1 Tourettes market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.19 Others
- 5.19.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6 Medical Marijuana Market: Regional Estimates & Trend Analysis, by Product
- 6.1 Market Size, & Forecasts, and Trend Analysis, 2017 to 2030:
- 6.1.1 U.S.
- 6.1.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.1.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.2.1 Canada
- 6.2.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.2.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.3.1 Germany
- 6.3.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.3.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.4.1 U.K.
- 6.4.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.4.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.5.1 Italy
- 6.5.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.5.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.6.1 Poland
- 6.6.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.6.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.7.1 Czech Republic
- 6.7.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.7.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.8.1 Switzerland
- 6.8.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.8.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.9.1 Croatia
- 6.9.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.9.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.10.1 Netherlands
- 6.10.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.10.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.11.1 Spain
- 6.11.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.11.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.12.1 China
- 6.12.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.12.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.13.1 Japan
- 6.13.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.13.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.14.1 India
- 6.14.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.14.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.15.1 Thailand
- 6.15.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.15.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.16.1 Australia
- 6.16.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.16.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.17.1 New Zealand
- 6.17.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.17.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.18.1 Uruguay
- 6.18.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.18.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.19.1 Colombia
- 6.19.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.19.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.20.1 Brazil
- 6.20.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.20.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.21.1 Mexico
- 6.21.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.21.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
- 6.22.1 Africa
- 6.22.1.1 Market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- 6.22.1.2 Market estimates and forecasts, by application 2017 - 2030 (USD Million)
Chapter 7 Competitive Landscape
- 7.1 Company Profiles
- 7.1.1 Tilray
- 7.1.1.1 Company Overview
- 7.1.1.2 Financial Performance
- 7.1.1.3 Product Benchmarking
- 7.1.1.4 Strategic Initiatives
- 7.1.2 Aurora Cannabis
- 7.1.2.1 Company Overview
- 7.1.2.2 Financial Performance
- 7.1.2.3 Product Benchmarking
- 7.1.2.4 Strategic Initiatives
- 7.1.3 Canopy Growth Corporation
- 7.1.3.1 Company Overview
- 7.1.3.2 Financial Performance
- 7.1.3.3 Product Benchmarking
- 7.1.3.4 Strategic Initiatives
- 7.1.4 Aphria, Inc.
- 7.1.4.1 Company Overview
- 7.1.4.2 Financial Performance
- 7.1.4.3 Product Benchmarking
- 7.1.4.4 Strategic Initiatives
- 7.1.5 Maricann Group, Inc.
- 7.1.5.1 Company Overview
- 7.1.5.2 Financial Performance
- 7.1.5.3 Product Benchmarking
- 7.1.5.4 Strategic Initiatives
- 7.1.6 Tikun Olam, Ltd.
- 7.1.6.1 Company Overview
- 7.1.6.2 Financial Performance
- 7.1.6.3 Product Benchmarking
- 7.1.6.4 Strategic Initiatives
- 7.1.7 MedReleaf. Corp.
- 7.1.7.1 Company Overview
- 7.1.7.2 Financial Performance
- 7.1.7.3 Product Benchmarking
- 7.1.7.4 Strategic Initiatives
- 7.1.8 GW Pharmaceuticals plc.
- 7.1.8.1 Company Overview
- 7.1.8.2 Financial Performance
- 7.1.8.3 Product Benchmarking
- 7.1.8.4 Strategic Initiatives
- 7.1.9 Cannabis Sativa, Inc.
- 7.1.9.1 Company Overview
- 7.1.9.2 Financial Performance
- 7.1.9.3 Product Benchmarking
- 7.1.9.4 Strategic Initiatives
- 7.1.10 Medical Marijuana, Inc.
- 7.1.10.1 Company Overview
- 7.1.10.2 Financial Performance
- 7.1.10.3 Product Benchmarking
- 7.1.10.4 Strategic Initiatives