Medical Marijuana Market Forecast to 2028 , Industry Analysis

Medical Marijuana Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Dried Form and Extract Form), Application (Pain Management, Tourette Syndrome, Alzheimer’s Disease, Migraines, Depression and Anxiety, Multiple Sclerosis, Cancer, and Others), Distribution Channel (Retail Pharmacy, E-Commerce, and Others), and Geography

Report Code : TIPRE00022901 | Region : Global | Industry : Pharmaceuticals | Published Date : 18/Aug/2022

The medical marijuana market was valued at US$ 11,706.50 million in 2021 and is likely to reach value of US$ 40,027.59 million by 2028; it is estimated to grow at a CAGR of 19.2% from 2022 to 2028. The report highlights trends prevailing in the market and factors driving the medical marijuana market. The market growth is attributed to increasing approvals of medical marijuana products and rising acceptance of the medicinal use of marijuana. However, the illegal use of cannabis as a street drug and misconceptions regarding marijuana limit the market growth.

Medical marijuana is in its introduction stage in the medical health industry. It is a potent product accepted globally, where Chinese medicines are already being manufactured using these plants, and that too with a long history associated. Medical marijuana remains a significant influence in the healthcare industry to treat cases that are not entirely advisable with traditional medicines. Medical marijuana is just a typical marijuana plant that is processed to get the fundamental composition of cannabinoids, which is necessary to synthesize the product to be in use.

Countries in North America have legalized the use and cultivation of medical cannabis. For instance, in 2012, Uruguay became the first country in the world to legalize the recreational use of cannabis. Similarly, in 2014, Brazil authorized the use of medical cannabis, and in 2016, it approved the import of medications based on CBD oil and products made from THC and marijuana flowers. In 2017, Peru approved a law regulating the medicinal and therapeutic use of cannabis and its derivatives. In 2018, the Government of Canada passed the Cannabis Act, which created a strict legal framework for controlling the production, distribution, sale, and possession of cannabis across Canada. In the US, as of February 2022, marijuana was legalized in 37 states and the District of Columbia. In the past few years, Mexico, Luxembourg, and Lesotho, among others, have joined the list of countries to legalize the use of marijuana for medical applications.

However, despite widespread legalization of the use of cannabis, its legal cultivation and production have earlier been mostly limited to developing countries. In September 2019, the Ministry of Commerce, Agriculture, and Fisheries of Jamaica announced a partnership with Harvard International Phytomedicines and Medical Cannabis Institute (HIPI) to conduct research on the pharmacological benefits of marijuana. At the same time, Jamaica aims to capitalize on this partnership and utilize this opportunity to grow and develop its national marijuana industry. Moreover, the World Health Organization (WHO) states that ~80% of the world's population utilizes marijuana or cannabis for medical remedies. Therefore, the growing acceptance, cultivation, and production of medical marijuana in developing countries is contributing significantly to the growth of the medical marijuana market.

Based on product, the medical marijuana market is bifurcated into dried form and extract form. The extract form segment held a larger market share in 2021. Moreover, the same segment is anticipated to register a higher CAGR of 19.3% during the forecast period. The growth of the extract form segment can be attributed to the rising demand for liquid extracts in medical applications, increasing health and wellness trends with the consumption of natural health products, and rising awareness regarding the benefits of extracts over dried marijuana.

Based on application, the medical marijuana market is segmented into pain management, Tourette, Alzheimer's disease, migraines, depression and anxiety, multiple sclerosis, cancer, and others. The pain management segment held the largest market share in 2021. However, the multiple sclerosis segment is expected to record the fastest CAGR of 20.3% from 2022 to 2028. The pain management segment is driven by the growing prevalence of trauma or hypertension, increasing demand for muscle and nerve stimulators, and the rising prevalence of lifestyle disorders such as obesity and diabetes.

Based on distribution channel, the medical marijuana market is segmented into retail pharmacy, e-commerce, and others. The retail pharmacy segment held the largest market share in 2021. However, the e-commerce segment is expected to record the fastest CAGR of 19.8% during 2022–2028. The major driving factors for the retail pharmacy segment are a highly regulated supply chain, expert consulting, and patient solutions that improve adherence.

COVID-19 Impact – Medical Marijuana Market

Despite the increasing COVID-19 cases worldwide, there were vital growth opportunities for the medical marijuana market. The demand for nutritious products has increased during the COVID-19 pandemic. A good intake of healthy food has helped in building immunity and avoiding getting infected by SARS-CoV-2. The companies producing hemp food products have experienced a rise in the sales of their products. For instance, Hemp Foods Australia (HFA), an Australian company, sore its sales by 22% in the last quarter of 2020.

At present, countries such as Australia and New Zealand only produce hemp products for the food & beverages sector. The countries do not have CBD-based products as there is no permit to use cannabis other than for medicinal usage. On the contrary, in Hong Kong, CBD-based products are available in the market despite the food-related market being less. Likewise, in Japan, CBD-based food and drinks ranging from sweet drinks to lasagna are served in food service outlets. However, countries such as China and India do not yet permit CBD-based food products. Thus, the increasing sales of cannabis and hemp products is expected to drive the market during the forecast period.

Various organic and inorganic strategies are adopted by companies operating in the medical marijuana market. The organic strategies mainly include product launches and product approvals. Further, inorganic growth strategies witnessed in the market are acquisitions, collaboration, and partnerships. These growth strategies allow the medical marijuana market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall market growth. Further, acquisition and partnership strategies help the market players strengthen their customer base and expand their product portfolios. A few significant developments by key players in the medical marijuana market are listed below.

• In February 2021, CANAQUEST MEDICAL CORP announced a new production and distribution agreement with PurCann Pharma ("PurCann ") and SiliCycle Inc. ("SiliCycle "). This agreement facilitates CanaQuest's planned production, distribution, and global export of Mentanine and Mentabinol formulations, through its wholly owned subsidiary, ADC BioMedical Corp.

• In May 2020, Aphria Inc., a leading global cannabis company, announced that it would transfer its stock exchange listing from the New York Stock Exchange ("NYSE") to The Nasdaq Global Select Market ("Nasdaq") after the market close. The company expects its common stock will begin trading as Nasdaq-listed security and will continue to be listed under the ticker symbol "APHA." This transition will not impact the company's primary listing on the Toronto Stock Exchange (TSX: APHA).

A few major primary and secondary sources referred to while preparing the report on the medical marijuana market are the World Health Organization (WHO), the Centers for Disease Control (CDC), and the Food and Drug Administration (FDA), among others.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global Medical Marijuana Market – by Product

1.3.2 Global Medical Marijuana Market – by Application

1.3.3 Global Medical Marijuana Market – by Distribution Channel

1.3.4 Global Medical Marijuana Market – by Geography

2. Medical Marijuana Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Global Medical Marijuana Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 North America – PEST Analysis

4.2.2 Europe– PEST Analysis

4.2.3 Asia Pacific– PEST Analysis

4.2.4 Middle East & Africa– PEST Analysis

4.2.5 South & Central America – PEST Analysis

4.3 Expert Opinion

5. Medical Marijuana Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Approvals of Medical Marijuana Products

5.1.2 Rising Acceptance of Medicinal Use of Marijuana in America

5.2 Market Restraints

5.2.1 Illegal Use of Cannabis as Street Drug and Misconceptions Regarding Marijuana

5.3 Market Opportunities

5.3.1 Increase in Job Opportunities in Marijuana Industry

5.4 Future Trends

5.4.1 Widespread Distribution of Medical Marijuana

5.5 Impact Analysis

6. Medical Marijuana Market – Global Analysis

6.1 Global Medical Marijuana Market Revenue Forecast and Analysis

6.1.1 Global Medical Marijuana Market, By Geography - Forecast and Analysis

6.1.2 Global Medical Marijuana Market – Market Potential Analysis, By Region

6.2 Company Analysis

6.2.1 Market Positioning of Key Players

6.3 Comparative Company Analysis

6.4 Growth Strategy Analysis

6.5 Performance of Key Players

6.5.1 Aphria, Inc.

6.5.2 Canopy Growth Corporation

7. Medical Marijuana Market Revenue and Forecast To 2028– by Product

7.1 Overview

7.2 Medical Marijuana Market Revenue Share, by Product (2021 and 2028)

7.3 Dried Form

7.3.1 Overview

7.3.2 Dried Form: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Extract Form

7.4.1 Overview

7.4.2 Extract Form: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

8. Medical Marijuana Market Analysis – by Application

8.1 Overview

8.2 Medical Marijuana Market Revenue Share, by Application (2021 and 2028)

8.3 Pain Management

8.3.1 Overview

8.3.2 Pain Management: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Tourette’s

8.4.1 Overview

8.4.2 Tourette’s: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Alzheimer’s Disease

8.5.1 Overview

8.5.2 Alzheimer’s Disease: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Migraines

8.6.1 Overview

8.6.2 Migraines: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Depression and Anxiety

8.7.1 Overview

8.7.2 Depression and Anxiety: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

8.8 Multiple Sclerosis

8.8.1 Overview

8.8.2 Multiple Sclerosis: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

8.9 Cancer

8.9.1 Overview

8.9.2 Cancer: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

8.10 Others

8.10.1 Overview

8.10.2 Others: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

9. Medical Marijuana Market – by Distribution Channel

9.1 Overview

9.2 Medical Marijuana Market, by Distribution Channel (2021 and 2028)

9.3 Retail Pharmacy

9.3.1 Overview

9.3.2 Retail Pharmacy: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

9.4 E-Commerce

9.4.1 Overview

9.4.2 E-commerce: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Others

9.5.1 Overview

9.5.2 Others: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10. Medical Marijuana Market Revenue and Forecast to 2028 – Geographical Analysis

10.1 North America: Medical Marijuana Market

10.1.1 Overview

10.1.2 Medical Marijuana Market Revenue and Forecast to 2028 (US$ Mn)

10.1.3 North America: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

10.1.4 North America: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

10.1.5 North America: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.1.6 North America: Medical Marijuana Market, by Country, 2021 & 2028 (%)

10.1.6.1 US: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.1.6.1.1 US: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.1.6.1.2 US: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

10.1.6.1.3 US: Medical Marijuana Market, by Application– Revenue and Forecast to 2028 (US$ Million)

10.1.6.1.4 US: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.1.6.2 Canada: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.1.6.2.1 Canada: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.1.6.2.2 Canada: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

10.1.6.2.3 Canada: Medical Marijuana Market, by Application– Revenue and Forecast to 2028 (US$ Million)

10.1.6.2.4 Canada: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.1.6.3 Mexico: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.1.6.3.1 Mexico: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.1.6.3.2 Mexico: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

10.1.6.3.3 Mexico: Medical Marijuana Market, by Application– Revenue and Forecast to 2028 (US$ Million)

10.1.6.3.4 Mexico: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.2 Europe: Medical Marijuana Market

10.2.1 Overview

10.2.2 Europe: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.3 Europe: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

10.2.4 Europe: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

10.2.5 Europe: Medical Marijuana Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

10.2.6 Europe: Medical Marijuana Market, by Country, 2021 & 2028 (%)

10.2.6.1 Germany: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.1.1 Germany: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.1.2 Germany: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

10.2.6.1.3 Germany: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

10.2.6.1.4 Germany: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.2.6.2 UK: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.2.1 UK: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.2.2 UK: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

10.2.6.2.3 UK: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

10.2.6.2.4 UK: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.2.6.3 France: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.3.1 France: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.3.2 France: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

10.2.6.3.3 France: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

10.2.6.3.4 France: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.2.6.4 Italy: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.4.1 Italy: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.4.2 Italy: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

10.2.6.4.3 Italy: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

10.2.6.4.4 Italy: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.2.6.5 Spain: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.5.1 Spain: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.5.2 Spain: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

10.2.6.5.3 Spain: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

10.2.6.5.4 Spain: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.2.6.6 Rest of Europe: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.6.1 Rest of Europe: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.6.2 Rest of Europe: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

10.2.6.6.3 Rest of Europe: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

10.2.6.6.4 Rest of Europe: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.3 Asia Pacific: Medical Marijuana Market

10.3.1 Overview

10.3.2 Asia Pacific: Medical Marijuana Market - Revenue and Forecast to 2028 (US$ Million)

10.3.3 Asia Pacific: Medical Marijuana Market, by Product, 2019–2028 (US$ Million)

10.3.4 Asia Pacific: Medical Marijuana Market, by Application, 2019–2028 (US$ Million)

10.3.5 Asia Pacific: Medical Marijuana Market, by Distribution Channel , 2019–2028 (US$ Million)

10.3.6 Asia Pacific: Medical Marijuana Market, by Country, 2021 & 2028 (%)

10.3.6.1 China: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.1.1 China: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.1.2 China: Medical Marijuana Market, by Product, 2019–2028 (US$ Million)

10.3.6.1.3 China: Medical Marijuana Market, by Application, 2019–2028 (US$ Million)

10.3.6.1.4 China: Medical Marijuana Market, by Distribution Channel, 2019–2028 (US$ Million)

10.3.6.2 Japan: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.2.1 Japan: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.2.2 Japan: Medical Marijuana Market, by Product, 2019–2028 (US$ Million)

10.3.6.2.3 Japan: Medical Marijuana Market, by Application, 2019–2028 (US$ Million)

10.3.6.2.4 Japan: Medical Marijuana Market, by Distribution Channel, 2019–2028 (US$ Million)

10.3.6.3 India: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.3.1 India: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.3.2 India: Medical Marijuana Market, by Product, 2019–2028 (US$ Million)

10.3.6.3.3 India: Medical Marijuana Market, by Application, 2019–2028 (US$ Million)

10.3.6.3.4 India: Medical Marijuana Market, by Distribution Channel, 2019–2028 (US$ Million)

10.3.6.4 Australia: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.4.1 Australia: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.4.2 Australia: Medical Marijuana Market, by Product, 2019–2028 (US$ Million)

10.3.6.4.3 Australia: Medical Marijuana Market, by Application, 2019–2028 (US$ Million)

10.3.6.4.4 Australia: Medical Marijuana Market, by Distribution Channel, 2019–2028 (US$ Million)

10.3.6.5 South Korea: Medical Marijuana Market– Revenue and Forecast to 2028 (US$ Million)

10.3.6.5.1 South Korea: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.5.2 South Korea: Medical Marijuana Market, by Product, 2019–2028 (US$ Million)

10.3.6.5.3 South Korea: Medical Marijuana Market, by Application, 2019–2028 (US$ Million)

10.3.6.5.4 South Korea: Medical Marijuana Market, by Distribution Channel, 2019–2028 (US$ Million)

10.3.6.6 Rest of Asia Pacific: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.6.1 Rest of Asia Pacific: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.6.2 Rest of Asia Pacific: Medical Marijuana Market, by Product, 2019–2028 (US$ Million)

10.3.6.6.3 Rest of Asia Pacific: Medical Marijuana Market, by Application, 2019–2028 (US$ Million)

10.3.6.6.4 Rest of Asia Pacific: Medical Marijuana Market, by Distribution Channel, 2019–2028 (US$ Million)

10.4 Middle East & Africa Medical Marijuana Market

10.4.1 Overview

10.4.2 Middle East & Africa Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

10.4.3 Middle East & Africa: Medical Marijuana Market, Revenue and Forecasts to 2028, By Product (US$ Million)

10.4.4 Middle East & Africa: Medical Marijuana Market, Revenue and Forecasts to 2028, By Application (US$ Million)

10.4.5 Middle East & Africa: Medical Marijuana Market, Revenue and Forecasts to 2028, By Distribution Channel (US$ Million)

10.4.6 Middle East & Africa: Medical Marijuana Market, by Country, 2021 & 2028 (%)

10.4.6.1 UAE: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

10.4.6.1.1 UAE: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

10.4.6.1.2 UAE: Medical Marijuana Market, Revenue and Forecasts to 2028, By Product (US$ Million)

10.4.6.1.3 UAE: Medical Marijuana Market, Revenue and Forecasts to 2028, By Application (US$ Million)

10.4.6.1.4 UAE: Medical Marijuana Market, Revenue and Forecasts to 2028, By Distribution Channel (US$ Million)

10.4.6.2 Saudi Arabia: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

10.4.6.2.1 Saudi Arabia: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

10.4.6.2.2 Saudi Arabia: Medical Marijuana Market, Revenue and Forecasts to 2028, By Product (US$ Million)

10.4.6.2.3 Saudi Arabia: Medical Marijuana Market, Revenue and Forecasts to 2028, By Application (US$ Million)

10.4.6.2.4 Saudi Arabia: Medical Marijuana Market, Revenue and Forecasts to 2028, By Distribution Channel (US$ Million)

10.4.6.3 South Africa: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

10.4.6.3.1 South Africa Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

10.4.6.3.2 South Africa: Medical Marijuana Market, Revenue and Forecasts to 2028, By Product (US$ Million)

10.4.6.3.3 South Africa: Medical Marijuana Market, Revenue and Forecasts to 2028, By Application (US$ Million)

10.4.6.3.4 South Africa: Medical Marijuana Market, Revenue and Forecasts to 2028, By Distribution Channel (US$ Million)

10.4.6.4 Rest of Middle East & Africa: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

10.4.6.4.1 Rest of Middle East & Africa: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

10.4.6.4.2 Rest of Middle East & Africa: Medical Marijuana Market, Revenue and Forecasts to 2028, By Product (US$ Million)

10.4.6.4.3 Rest of Middle East & Africa: Medical Marijuana Market, Revenue and Forecasts to 2028, By Application (US$ Million)

10.4.6.4.4 Rest of Middle East & Africa: Medical Marijuana Market, Revenue and Forecasts to 2028, By Distribution Channel (US$ Million)

10.5 South & Central America Medical Marijuana Market

10.5.1 Overview

10.5.2 South & Central America: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Mn)

10.5.3 South & Central America: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

10.5.4 South & Central America: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

10.5.5 South & Central America: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.5.6 South & Central America: Medical Marijuana Market, by Country, 2021 & 2028 (%)

10.5.6.1 Brazil: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.1.1 Brazil: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.1.2 Brazil: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

10.5.6.1.3 Brazil: Medical Marijuana Market, by Application– Revenue and Forecast to 2028 (US$ Million)

10.5.6.1.4 Brazil: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.5.6.2 Argentina: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.2.1 Argentina: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.2.2 Argentina: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

10.5.6.2.3 Argentina: Medical Marijuana Market, by Application– Revenue and Forecast to 2028 (US$ Million)

10.5.6.2.4 Argentina: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

10.5.6.3 Rest of South & Central America: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.3.1 Rest of South & Central America: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.3.2 Rest of South & Central America: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

10.5.6.3.3 Rest of South & Central America: Medical Marijuana Market, by Application– Revenue and Forecast to 2028 (US$ Million)

10.5.6.3.4 Rest of South & Central America: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

11. Impact of COVID-19 Pandemic on Medical Marijuana Market

11.1 North America: Impact Assessment of COVID-19 Pandemic

11.2 Europe: Impact Assessment of COVID-19 Pandemic

11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

11.5 South & Central America: Impact Assessment of COVID-19 Pandemic

12. Medical Marijuana Market – Industry Landscape

12.1 Overview

12.2 Growth Strategies in the Medical Marijuana Market (%)

12.3 Organic Developments

12.3.1 Overview

12.4 Inorganic Developments

12.4.1 Overview

13. Company Profiles

13.1 VIVO Cannabis Inc

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Panaxia Pharmaceutical Industries Ltd.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Phoena Holdings Inc.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Emerald Health Therapeutics Inc.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 MARICANN INC.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Aphria, Inc.

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Canopy Growth Corporation

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 CanaQuest Medical Corporation

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 GW Pharmaceuticals

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Organigram Holdings Inc.

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary of Terms for Medical Marijuana Market

LIST OF TABLES.

Table 1. North America: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 4. US: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 5. US: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million).

Table 6. US: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million).

Table 9. Canada: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 10. Mexico: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 11. Mexico: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million).

Table 12. Mexico: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 13. Europe: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 14. Europe: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 15. Europe: Medical Marijuana Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 16. Germany: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 17. Germany: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. Germany: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 19. UK: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 20. UK: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 21. UK: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 22. France: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 23. France: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 24. France: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 25. Italy: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 26. Italy: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 27. Italy: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 28. Spain: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 29. Spain: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 30. Spain: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 31. Rest of Europe: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 32. Rest of Europe: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 33. Rest of Europe: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 34. Asia Pacific: Medical Marijuana Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 35. Asia Pacific: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 36. Asia Pacific: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 37. China: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 38. China: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 39. China: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 40. Japan: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 41. Japan: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 42. Japan: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 43. India: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 44. India: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 45. India: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 46. Australia: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 47. Australia: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 48. Australia: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 49. South Korea: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 50. South Korea: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 51. South Korea: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 52. Rest of Asia Pacific: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 53. Rest of Asia Pacific: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 54. Rest of Asia Pacific: Medical Marijuana Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 55. Middle East & Africa Medical Marijuana Market Revenue and Forecasts to 2028, By Product (US$ Million).

Table 56. Middle East & Africa Medical Marijuana Market Revenue and Forecasts to 2028, By Application (US$ Million)

Table 57. Middle East & Africa Medical Marijuana Market Revenue and Forecasts to 2028, By Distribution Channel (US$ Million).

Table 58. UAE Medical Marijuana Market Revenue and Forecasts to 2028, By Product (US$ Million).

Table 59. UAE Medical Marijuana Market Revenue and Forecasts to 2028, By Application (US$ Million) .

Table 60. UAE Medical Marijuana Market Revenue and Forecasts to 2028, By Distribution Channel (US$ Million).

Table 61. Saudi Arabia Medical Marijuana Market Revenue and Forecasts to 2028, By Product (US$ Million).

Table 62. Saudi Arabia Medical Marijuana Market Revenue and Forecasts to 2028, By Application (US$ Million) .

Table 63. Saudi Arabia Medical Marijuana Market Revenue and Forecasts to 2028, By Distribution Channel (US$ Million).

Table 64. South Africa Medical Marijuana Market Revenue and Forecasts to 2028, By Product (US$ Million).

Table 65. South Africa Medical Marijuana Market Revenue and Forecasts to 2028, By Application (US$ Million) .

Table 66. South Africa Medical Marijuana Market Revenue and Forecasts to 2028, By Distribution Channel (US$ Million).

Table 67. Rest of Middle East & Africa Medical Marijuana Market Revenue and Forecasts to 2028, By Product (US$ Million).

Table 68. Rest of Middle East & Africa Medical Marijuana Market Revenue and Forecasts to 2028, By Application (US$ Million) .

Table 69. Rest of Middle East & Africa Medical Marijuana Market Revenue and Forecasts to 2028, By Distribution Channel (US$ Million).

Table 70. South & Central America: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 71. South & Central America: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 72. South & Central America: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 73. Brazil: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 74. Brazil: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million).

Table 75. Brazil: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 76. Argentina: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 77. Argentina: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million).

Table 78. Argentina: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 79. Rest of South & Central America: Medical Marijuana Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 80. Rest of South & Central America: Medical Marijuana Market, by Application – Revenue and Forecast to 2028 (US$ Million).

Table 81. Rest of South & Central America: Medical Marijuana Market, Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 82. Organic Developments in the Medical Marijuana Market

Table 83. Inorganic Developments in the Medical Marijuana Market

Table 84. Glossary of Terms for Medical Marijuana Market

LIST OF FIGURES.

Figure 1. Global Medical Marijuana Market Segmentation

Figure 2. Medical Marijuana Market, By Region

Figure 3. Medical Marijuana Market Overview

Figure 4. Extract Form Held Largest Share of Product Segment in Medical Marijuana Market

Figure 5. Asia Pacific Region to Show Remarkable Growth During Forecast Period

Figure 6. Global Medical Marijuana Market, By Geography (US$ Million)

Figure 7. Global Medical Marijuana Market- Leading Country Markets (US$ Million)

Figure 8. Global Medical Marijuana Market, Industry Landscape

Figure 9. North America PEST Analysis

Figure 10. Europe PEST Analysis

Figure 11. Asia Pacific PEST Analysis

Figure 12. Middle East & Africa PEST Analysis

Figure 13. South & Central America PEST Analysis

Figure 14. Global Medical Marijuana Market– Revenue Forecast and Analysis – 2020- 2028

Figure 15. Global Medical Marijuana Market– By Geography Forecast and Analysis – 2021 & 2028

Figure 16. Global Medical Marijuana Market – Market Potential Analysis, By Region

Figure 17. Market Positioning of Key Players in Medical Marijuana Market

Figure 18. Medical Marijuana Market – Comparative Company Analysis

Figure 19. Medical Marijuana Market – Growth Strategy Analysis

Figure 20. Medical Marijuana Market Revenue Share, by Product (2021 and 2028)

Figure 21. Dried Form: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Extract Form: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Medical Marijuana Market Revenue Share, by Application (2021 and 2028)

Figure 24. Pain Management: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Tourette’s: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Alzheimer’s Disease: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Migraines: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Depression and Anxiety: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Multiple Sclerosis: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Cancer: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Others: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Medical Marijuana Market, by Distribution Channel (2021 and 2028)

Figure 33. Retail Pharmacy: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. E-commerce: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Others: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. North America: Medical Marijuana Market, by Key Country – Revenue (2021) (US$ Million)

Figure 37. Medical Marijuana Market Revenue and Forecast to 2028 (US$ Mn)

Figure 38. North America: Medical Marijuana Market, by Country, 2021 & 2028 (%)

Figure 39. US: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40. Canada: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. Mexico: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42. Europe: Medical Marijuana Market, by Key Country – Revenue (2022) (US$ Million)

Figure 43. Europe: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

Figure 44. Europe: Medical Marijuana Market, by Country, 2021 & 2028 (%)

Figure 45. Germany: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 46. UK: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47. France: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48. Italy: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. Spain: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. Rest of Europe: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. Asia Pacific: Medical Marijuana Market, by Key Country – Revenue (2021) (US$ Million)

Figure 52. Asia Pacific Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

Figure 53. Asia Pacific: Medical Marijuana Market, by Country, 2021 & 2028 (%)

Figure 54. China: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. Japan: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. India: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. Australia: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. South Korea: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. Rest of Asia Pacific: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. Middle East & Africa Medical Marijuana Market Revenue Overview, by Country, 2021 (US$ Million)

Figure 61. Middle East & Africa Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

Figure 62. Middle East & Africa: Medical Marijuana Market, by Country, 2021 & 2028 (%)

Figure 63. UAE: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

Figure 64. Saudi Arabia: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

Figure 65. South Africa: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

Figure 66. Rest of Middle East & Africa: Medical Marijuana Market Revenue and Forecast to 2028 (US$ Million)

Figure 67. South & Central America: Medical Marijuana Market, by Key Country – Revenue (2021) (US$ Million)

Figure 68. South & Central America Medical Marijuana Market Revenue and Forecast to 2028 (US$ Mn)

Figure 69. South & Central America: Medical Marijuana Market, by Country, 2021 & 2028 (%)

Figure 70. Brazil: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 71. Argentina: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 72. Rest of South & Central America: Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)

Figure 73. Impact of COVID-19 Pandemic on North American Country Markets

Figure 74. Impact of COVID-19 Pandemic in European Country Markets

Figure 75. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 76. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets

Figure 77. Impact of COVID-19 Pandemic in South & Central American Country Markets

Figure 78. Growth Strategies in the Medical Marijuana Market (%)

The List of Companies - Medical Marijuana Market

1. Aphria, Inc.

2. Canopy Growth Corporation

3. CanaQuest Medical Corporation

4. GW Pharmaceuticals

5. Organigram Holdings Inc.

6. VIVO Cannabis Inc

7. Panaxia Pharmaceutical Industries Ltd.

8. Phoena Holdings Inc.

9. Emerald Health Therapeutics Inc.

10. MARICANN INC.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the medical marijuana market.

● Highlights key business priorities in order to assist companies to realign their business strategies.

● The key findings and recommendations highlight crucial progressive industry trends in the global medical marijuana market, thereby allowing players across the value chain to develop effective long-term strategies.

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

● Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Back to Industry Report

Pricing
	$4,550.00	Single User Price
	$6,550.00	Site Price
	$8,550.00	Enterprise Price
Buy Now

Medical Marijuana Market Forecast to 2028

Have Additional Questions?