Reports and Data has added a new report titled “Global Medical Marijuana Market Forecast to 2026” to its ever-expanding repository. The report is a comprehensive assessment of the current scenario of the Medical Marijuana market and contains estimations of market size, revenue share, production and consumption ratio, CAGR, gross margin, price analysis, and other key elements. The report further sheds light on the micro and macro-economic aspects that are expected to impact the demand of the Medical Marijuana industry. It also offers an in-depth assessment of current and emerging trends of the market along with an emphasis on the key revenue growth driving and restraining factors. It also covers the competitive landscape including the profiles and business overview of the key companies and SWOT analysis to provide better understanding of the Medical Marijuana market scenario.
Key participants Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, Insys Therapeutics, Inc., MedReleaf Corporation, and GW Pharmaceuticals PLC.
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For the purpose of this report, Reports and Data have segmented the global Medical Marijuana Market on the basis of Product Type, Route of Administration, Distribution Channel, Medical Application, and Region:
Product Type Outlook (Revenue, USD Billion; 2016-2026)
Medical Application Outlook (Revenue, USD Billion; 2016-2026)
- Chronic Pain
- Mental Disorders
- Muscle Spasm
Route of Administration Outlook (Revenue, USD Billion; 2016-2026)
Distribution Channel Outlook (Revenue, USD Billion; 2016-2026)
Further key findings from the report suggest:
- Countries are beginning to liberalize laws related to medical marijuana; the market is forecasted to witness a surge in demand. Statistically, the majority of the cannabis, are currently, sold through illicit channels.
- Several countries have recognized the advantages of this product and are in the process of legalizing it.
- With a rise in the volume of clinical trials and scientific studies, the demand for cannabis for clinical use is forecasted to grow over the forecast period. Medical marijuana held a market share of 53% in the year 2018.
- Countries in North America have also started promoting derivatives such as oils, tinctures, and resins, along with products like vaporizers, among millennial’s who are considered primary consumers.
- The oil segment is forecasted to grow with the highest CAGR of 27.1% in the forecast period. Hemp oil is in high demand among healthcare sector for clinical purposes.
- Patients usually prefer buying medical products from authorized and legal sources to abide by the government’s rules, thus maximizing the revenue by this segment.
- Europe is forecasted to have a market share of 28% in the year 2026. Germany is the largest market for cannabis and thereby fuels the growth of the market in this region.
Regional Outlook (Revenue, USD Billion; 2016-2026)
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Medical Marijuana Market Segmentation Impact Analysis
4.1. Medical Marijuana Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Legalization of marijuana in several countries
126.96.36.199. High investment into RD for safer forms of injecting medical marijuana
188.8.131.52. Growth in cannabis industry
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