The Global Medical Marijuana Market Size was valued over USD 8.35 billion in 2017 and is expected to surge more than 40.53% CAGR from 2018-2025. Increased use of marijuana in medical in addition recreational demand and legalization is expected to boost the growth. Growing authorization of marijuana as a pharmaceutical product for using as several medical conditions, such as cancer, Parkinson’s disease, Alzheimer’s disease, arthritis, and other is expected to ride the urge for medical marijuana in coming years. The increasing demand for pain management and other growing disease drifts of chronic pain among seniors is also expected to up lift demand.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global medical marijuana market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global medical marijuana market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Segment Analysis

Based on Marketing Medium: The global medical marijuana market is segmented on the basis of marketing medium as dispensaries and online in the global market. The medical marijuana dispensaries are manged by the local government providing a range of products to prescribed patient who have been permitted from healthcare professionals. Dispensaries sell various legal medical marijuana products such as vaporizers, tablets, elixirs, balms, and tinctures. Major patient population prefer buying medical marijuana products from legal and authorized dispensaries to follow and to adhere by the local government rules, thereby expanding the marijuana dispensaries revenue. Owing to increasing demand from various states and countries the legalized medical marijuana would earn orders online as it gets very beneficial for consumer to prefer for mail orders. Moreover, online orders for medical marijuana authorize make the whole buying procedure completely private and distinct, which is mostly preferred by patients, the industry should enlarge assuredly over the forthcoming years.

Based on Injection Medium: The global medical marijuana inhalation market segment is expected to grow with higher CAGR during its forecasted period. Owing to various advantageous such as controlled dosage and effective consumption of marijuana into the body, the demand for inhalation marijuana should increase over the coming years. The topical medical marijuana is expected to boost the global market in forecast period. The increasing demand of marijuana topical ointments, lotion, creams, gels and poultice for the therapy of skin inflammations will conclude in market expansion. With various products in channel, more products are estimated to arrive into the market in near future.

Based on Application: The medical marijuana pain management market adhere around one third share of total application market. It is one the biggest health dispute, deep-rooted pain management using marijuana happens to be its largest application area. Neuropathic pain entitled the largest market share in 2017 because of increased number of minor neuropathy cases. Further, marijuana being an effective therapy for neuropathic pain, its uses will further increase over the forecast span.

The medical marijuana market is anticipated to show worthwhile growth in future for skin related cases such as eczema and psoriasis; very it is estimated to expand at highest CAGR in forecasted period.

Regional Analysis

The global medical marijuana market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In North America U.S. medical marijuana market accounted as the highest share holder in the world market. It is anticipated to dominate the market in forthcoming years owing to growing various research studies in the U.S; supporting marijuana’s use for medical projects should add the North American medical marijuana market expansion.

Global Medical Marijuana Market Size, Share Analysis By Region 2017

Europe is dominating the medical marijuana market in the globe. Germany is estimated to lead the global market during its forecasted period; Germany has the largest marijuana industry in the Europe. Due gigantic population with varied enumeration is attracting various medical marijuana industries to spend in Germany, with resulting in industry expansion. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.     

Global Medical Marijuana Market Study Objective

1. To forecast the market size of medical marijuana market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of medical marijuana market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of medical marijuana market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of medical marijuana market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the medical marijuana market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

The major leading key players in the market include Aurora Cannabis Inc., Canopy Growth, GW Pharmaceuticals, Medical Marijuana Inc., Aphira Inc., Emerald Health Therapeutics, Tilray, Canni Med LTD. and MedReleaf Corp. for global marijuana market in global.

Global Medical Marijuana Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.