Summary
Global Medical Marijuana Market 2023-2027
The medical marijuana market is forecasted to grow by USD 21248.51 mn during 2022-2027, accelerating at a CAGR of 21.86% during the forecast period. The report on the medical marijuana market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of product launches, increasing number of medical marijuana dispensaries, and increasing legalization of marijuana.
The medical marijuana market is segmented as below:
By Type
• Oil & tinctures
• Flower
By Product
• Chronic pain
• Nausea
• Others
By Geographical Landscape
• North America
• Europe
• APAC
• South America
• Middle East and Africa
This study identifies the increasing number of awareness campaigns as one of the prime reasons driving the medical marijuana market growth during the next few years. Also, launch of medical marijuana education programs and growing millennial population in key cannabis markets will lead to sizable demand in the market.
The report on the medical marijuana market covers the following areas:
• Medical marijuana market sizing
• Medical marijuana market forecast
• Medical marijuana market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical marijuana market vendors that include Aurora Cannabis Inc., Canopy Growth Corp., Cresco Labs LLC, Cronos Group Inc., CV Sciences Inc., Etain LLC, HEXO Corp., Isodiol International Inc., Jazz Pharmaceuticals Plc, Khiron Life Sciences Corp, Maricann Group Inc, Medical Marijuana Inc., MediPharm Labs Inc., Organigram Holdings Inc., Phoena Holdings Inc, Skye Bioscience Inc., Tikun Olam, Tilray Brands Inc., Trevena Inc, and Verano Holdings LLC. Also, the medical marijuana market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
