Medical Cannabis Market Size To Grow At A CAGR Of 7.3% In The Forecast Period Of 2024-2032

Published: 2024-09-25
Views: 65
Author: rameshjadhav
Published in: Arts & Entertainment

Organic Chemical Market Size Was Valued at USD 13.89 Billion in 2023, and is Projected to Reach USD 26.19 Billion by 2032, Growing at a CAGR of 7.3% From 2024-2032

Medical cannabis, also called medical marijuana, is using the Cannabis plant or its extracts to alleviate symptoms of different medical conditions. The active components in it are called cannabinoids, with the most famous ones being tetrahydrocannabinol (THC) and cannabidiol (CBD). THC causes a psychoactive effect and is associated with the euphoric feeling from cannabis, whereas CBD does not cause a high and has been connected to different healing properties. Rising support among the general public and healthcare professionals for the advantages of medical cannabis; improved knowledge for physicians and individuals about its various applications. Many countries are increasingly legalizing medical cannabis as a global trend, with regulatory entities backing its medicinal advantages, resulting in improved availability and approval for therapeutic use.

Key Prominent Players In The Medical Cannabis Market:

Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), Tilray, Inc. (Canada), GW Pharmaceuticals plc (United Kingdom), Cronos Group Inc. (Canada), Aphria Inc. (Canada), MedMen Enterprises Inc. (USA), Green Thumb Industries (GTI) (USA), Trulieve Cannabis Corp. (USA), Curaleaf Holdings, Inc. (USA), Cresco Labs (USA), Harvest Health & Recreation Inc. (USA), and other active players.

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The latest research on the Medical Cannabis market provides a comprehensive overview of the market for the years 2024 to 2032. It gives a comprehensive picture of the global Medical Cannabis industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Medical Cannabis market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. 

Segmentation Analysis of The Medical Cannabis Market

By Types

Flowers/Buds, Concentrates, Edibles, Topicals, Tinctures, Capsules

By Species

Cannabis Indica, Cannabis Sativa, Hybrid

By Derivatives

Cannabidiol (CBD), Tetrahydrocannabinol (THC), Cannabinol (CBN), Cannabicyclol (CBL), Cannabichromene (CBC), Cannabigerol (CBG

By Source

Natural, Synthetic

By Applications

Cancer, Chronic Pain, Arthritis, Neurological Disorders, Skin Conditions, Others {Anxiety and Stress, Sleep Aids, Migraines}

By End-User

Pharmaceutical Industry, Research and Development Centres, Homecare Setting, Hospitals and Clinics, Retail Pharmacies, Government and Regulatory Bodies

Regional Analysis:

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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The Global Medical Cannabis Market Report Delivers A Comprehensive Analysis Of The Following:

1. Market projections for the years 2024-2032
2. Market growth factors, opportunities, and challenges
3. Current and emerging market trends
4. Market participant capacity, production, and revenue (value)
5. Analysis of supply (production), consumption, export, and import
6. Application/End-User Analysis

A key aspect of our report is the comprehensive company profiles and competitive analysis. This provides invaluable insights into market players' market role, overview, operating business segments, products, and financial performance. By evaluating crucial metrics like production volume, sales volume, and sales margin, we offer a comprehensive understanding of their market position.

Important Inquiries Addressed in the Recent Research Report on the Medical Cannabis Market

-What are the revenue and volume dimensions of the Medical Cannabis Market?

-How has the historical growth rate of the Medical Cannabis Market evolved, and what growth rates are anticipated in the future?

-Which approaches offer the most effective means of entering the market or augmenting one's market presence?

-Which methodologies were employed to analyze the dataset?

-Who are the prominent competitors in the Medical Cannabis Market?

-What portion of the market is held by each contender?

-What strategies are these contenders employing to secure a competitive advantage?

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