Medicinal Cannabis Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028

The Medicinal Cannabis Market size is expected to grow at an annual average of CAGR 22% during the forecast period (2022-2028). Medical cannabis, also called medical marijuana, is an herbal extract from the plant of the cannabis genus that is used as part of the treatment of certain conditions or diseases, such as cancer, chronic pain, and mental disorders. The two main cannabinoids extracted from this plant that provide medicinal benefits are tetrahydrocannabinol (THC) and cannabidiol (CBD). Legalization of cannabis in various regions and increasing consumer awareness of the health benefits of cannabis and expanding medical applications such as a wide range of treatments Cancer, chronic pain, depression, arthritis, diabetes, glaucoma, migraine, epilepsy, multiple sclerosis, acquired immunodeficiency syndrome In diseases and conditions including (AIDS), amyotrophic lateral sclerosis (ALS), Alzheimer’s disease, and post-traumatic stress disorder (PTSD), Parkinson’s and Tourette’s are driving the growth of the medical cannabis market. In addition, the development of new products along with the increase in R&D activity stimulates the growth of the market.

The following segmentation are covered in this report:

By End User

• Pharmaceutical
• Research & Development Centers

By Application

• Chronic Pain
• Mental Disorders
• Cancer
• Others

By Product Type

• Buds/Marijuana Flower
• Cannabis Extracts
• Oil
• Tinctures
• Others

Company Profile

• Aurora marijuana Inc.
• Canopy Growth Corporation.
• Cronos Group Inc.
• Maricann Group, Inc.
• Medical Marijuana, Inc.
• OrganiGram Holding Inc.
• Terra Tech Corp.
• Tikun Olam Ltd.
• Tilray, Inc.
• VIVO Cannabis Inc.

Scope of the report

The research study analyses the Medicinal Cannabis Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Medicinal Cannabis Market Report

• What was the Medicinal Cannabis Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Medicinal Cannabis Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Medicinal Cannabis Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.