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NEW YORK, June 15, 2022 /PRNewswire/ — The Medical Marijuana Market size is expected to grow by USD 27.72 billionprogressing at a CAGR of 18.5% during the forecast period. The rising number of product launches is notably driving the medical marijuana market growth, although factors such as side effects associated with inappropriate use of medical marijuana may impede the market growth.
The report identifies North America as the key growth region for the market and the region is expected to offer significant opportunities for vendors during the forecast period. For more details, Get a Sample Report Instantly
Medical Marijuana Market: Application Landscape
- Application
- Chronic Pain
- Nausea
- Others
- Geography
- North America
- Europe
- APAC
- South America
- MEA
The chronic pain segment’s medical marijuana market share will expand significantly. Medical marijuana is becoming more widely accepted as a viable alternative to standard pain relievers. Adults with chronic pain are on the rise in countries including the United Statesthe United Kingdomand China. This feature, together with the rising popularity of medicinal marijuana, has the potential to increase the market’s growth pace during the projection period.
To learn more about the global trends impacting the future of market research, download a sample report.
Medical Marijuana Market: Geographic Landscape
North America will account for 46% of the market’s growth. In North Americathe primary markets for medical marijuana are the United States and Canada. The market in this region will increase at a quicker rate than the market in other regions.
Government initiatives, such as the decision to legalize the use of marijuana as a medicine for epilepsy, will aid the growth of the medical marijuana market in North America over the forecast period.
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Medical Marijuana Market: Vendors
- Aphria Inc.
- Aurora Cannabis Inc.
- Cannabis Sativa Inc.
- Canopy Growth Corp.
- Cronos Group Inc.
- DEMECAN Holding GmbH
- GW Pharmaceuticals Plc
- Medical Marijuana Inc.
- Tilray Inc.
- VIVO Cannabis Inc.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read our Sample Report.
Medical Marijuana Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The medical marijuana market report covers the following areas:
- Medical Marijuana Market Size
- Medical Marijuana Market Trends
- Medical Marijuana Market Industry Analysis
This study identifies an increasing number of awareness campaigns as one of the prime reasons driving the medical marijuana market growth during the next few years.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Do reach out to our analysts for more customized reports as per your requirements. Speak to our Analyst now!
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