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Global Medical Marijuana will Grow with CAGR of 24.59% from 2020 to 2027 | Top Key Players: Scotts Miracle-Gro, Canopy Growth, GW Pharmaceuticals, Aurora Cannabis, Aphria

The prime objective of Medical Marijuana Market report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market vendors, types, applications/end users and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, and South America).

The global Medical Marijuana market was valued at 4.04 Million USD in 2020 and will grow with a CAGR of 24.59% from 2020 to 2027

Medical marijuana is a cannabis that has been approved for the treatment of various diseases. Medical marijuana, or medical cannabis, is cannabis and certain cannabinoids which are legally prescribed to patients by doctors.

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Top Key Players Covered in Medical Marijuana Market Report: Scotts Miracle-Gro, Canopy Growth, GW Pharmaceuticals, Aurora Cannabis, Aphria, MedReLeaf, Insys Therapeutics, Sprott, CanniMed Therapeutics, Horizons Marijuana Life Sciences Index ETF

Market Dynamics

High prevalence of cancer is expected to propel growth of the global medical marijuana market over the forecast period. For instance, according to the World Health Organization, the number of new cancer cases diagnosed per year in Africa is expected to grow from over 1 million in 2018 to over 2.1 million in 2040.

Moreover, funding for R&D in medical marijuana is also expected to aid in growth of the market. For instance, in September 2021, the National Institute on Drug Abuse, which is part of the National Institutes of Health, granted US$ 1.3 million to researchers affiliated with the University of Arkansas for Medical Sciences (UAMS) and Arkansas Center for Health Improvement for a study on the medical cannabis program in Arkansas.

Types Covered in Medical Marijuana Market Report:

Dried Flower, Oils + Concentrates, Softgel Capsules

Applications Covered in Medical Marijuana Market Report:

Muscle Spasms, Nausea (from cancer chemotherapy), Chronic Illness (HIV/Nerve Pain), Seizure Disorders, Crohns Disease

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Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis:

The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends:

Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers:

Identifying the Growing Demands and New Technology

Porters Five Force Analysis:

The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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Major Chapters Covered In Table of Content

Chapter 1 Industry Overview

Chapter 2 Global Medical Marijuana Competition by Types, Applications, and Top Regions and Countries

Chapter 3 Production Market Analysis

Chapter 4 Global Medical Marijuana Sales, Consumption, Export, Import by Regions (2016-2021)

Chapter 5 North America Medical Marijuana Market Analysis

Chapter 6 East Asia Medical Marijuana Market Analysis

Chapter 7 Europe Medical Marijuana Market Analysis

Chapter 8 South Asia Medical Marijuana Market Analysis

Chapter 9 Southeast Asia Medical Marijuana Market Analysis

Chapter 10 Middle East Medical Marijuana Market Analysis

Chapter 11 Africa Medical Marijuana Market Analysis

Chapter 12 Oceania Medical Marijuana Market Analysis

Chapter 13 South America Medical Marijuana Market Analysis

Chapter 14 Company Profiles and Key Figures in Medical Marijuana Business

Chapter 15 Global Medical Marijuana Market Forecast (2022-2027)

Chapter 16 Conclusions

Research Methodology

About WMR

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Editor Details

  • Company:
    • CDN Newswire
Last Updated: 06-Oct-2021