Medical Cannabis Market 2021- Global Industry Analysis, By Key Players, Segmentation, Application, Demand And Forecast By 2028

The major areas covered in the persuasive Medical Cannabis Market report include market definition, market segmentation, competitive analysis and research methodology. This industry analysis report recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the industry. Along with providing competitive of the key players, this market report also serves complete and distinct analysis of the market drivers and restraints, detailed analysis of the market segmentation, key developments in the market and details of research methodology. Medical Cannabis Market report encompasses estimations of Compound Annual Growth Rate (CAGR) in % value for the forecasted period that will help client to take decision based on futuristic chart.

The medical cannabis market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 25.16% in the forecast period of 2021 to 2028 is expected to reach USD 67,354.01 million by 2028. Increased medical use and legalization of cannabis is acting as a driver for the medical cannabis market.


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The increased usage of cannabis in the cosmetic products can be seen as a driver for the medical cannabis market. Complex regulatory structure for usage of cannabis is a restraint for the medical cannabis market. Novel product development with increased R & D activities may act as an opportunity for the medical cannabis market. The rise of marijuana black market is a challenge for the medical cannabis market.

The medical cannabis market provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Some of the Key Players/Manufacturers Involved in the Market are:

Tilray
Elixinol Global Limited
Medical Marijuana, Inc.
Extractas
Peace Naturals Project Inc.
BOL Pharma
PharmaHemp, Kiehl’s (A Subsidiary of L’ORÉAL)
Vermont Hemp Health
Discover Health LLC
ENDOCA
Pacific roots
CANOPY GROWTH CORPORATION
Aurora Cannabis
GW Pharmaceuticals plc.
Harmony
Pure Ratios
MARY’s nutritionals
Bioactive Solutions, Inc.
Upstate Elevator Supply Co.
FOLIUM BIOSCIENCES
EcoGen Biosciences
Althea Company Pty Ltd (A Subsidiary of Althea Group Holdings Limited)
Apothecanna
Zenabis Global Ltd
Cresco Labs
IDT Australia
MEDIFARM
Greenwich Biosciences, Inc.
MediPharm Labs Inc.
THC Global Group Limited
Seed Cellar
CANNABIS SEEDS USA
Seeds For Me
HUMBOLDT SEED COMPANY
Crop King Seeds, BARNEY’S FARM
Aphria Inc
Market Segmentation:

Global Medical Cannabis Market, By Product (Oil, Dried Medical Cannabis, Medical Cannabis Capsules, Vape Pen, Whole Flower, Creams & Moisturizer, Ground Flower, Patch, Mask & Serum, Cleanser, Others), Source (Natural, Synthetic), Species (Sativa, Hybrid, Cannabis Indica), Derivatives ( (CBD), Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol, Cannabigerol (CBG), Cannabinol, Others), Application (Pain Management, Anxiety, Muscle Spasms, Nausea, Appetite Loss, Cancer, Arthritis, Alzheimer’s Disease, Epilepsy, Depression and Sleep Disorders, Multiple Sclerosis, Autism, Mental Health Conditions, Elevate Mood, Others), Route of Administration (Oral Solutions and Capsules, Smoking, Topicals, Vaporizers, Others), End User (Homecare Settings, Hospital and Rehab Centers, Pharmaceutical Industry, Research and Development Centers, Others), Distribution Channel (B2C, B2B), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028

List of figure:

FIGURE 1 GLOBAL MEDICAL CANNABIS MARKET: SEGMENTATION

FIGURE 2 GLOBAL MEDICAL CANNABIS MARKET: DATA TRIANGULATION

FIGURE 3 GLOBAL MEDICAL CANNABIS MARKET: DROC ANALYSIS

FIGURE 4 GLOBAL MEDICAL CANNABIS MARKET : GLOBAL VS REGIONAL MARKET ANALYSIS

FIGURE 5 GLOBAL MEDICAL CANNABIS MARKET : COMPANY RESEARCH ANALYSIS

FIGURE 6 GLOBAL MEDICAL CANNABIS MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 GLOBAL MEDICAL CANNABIS MARKET: DBMR MARKET POSITION GRID

FIGURE 8 GLOBAL MEDICAL CANNABIS MARKET: MARKET APPLICATION COVERAGE GRID

FIGURE 9 GLOBAL MEDICAL CANNABIS MARKET: VENDOR SHARE ANALYSIS

FIGURE 10 GLOBAL MEDICAL CANNABIS MARKET: SEGMENTATION

FIGURE 11 INCREASING MEDICINAL USE AND LEGALIZATION OF MEDICAL CANNABIS ARE EXPECTED TO DRIVE THE GLOBAL MEDICAL CANNABIS MARKET IN THE FORECAST PERIOD OF 2021 TO 2028

FIGURE 12 OIL SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE GLOBAL MEDICAL CANANBIS MARKET IN 2021 & 2028

FIGURE 13 NORTH AMERICA IS EXPECTED TO DOMINATE THE GLOBAL MEDICAL CANANBIS MARKET AND ASIA-PACIFIC IS EXPECTED TO GROW WITH THE HIGHEST CAGR IN THE FORECAST PERIOD OF 2021 TO 2028

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Global Medical Cannabis Market Scope and market size
The medical cannabis market is categorized into eight notable segments which are based on the product, source, species, derivatives, application, route of administration, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of product, the medical cannabis market is segmented into oil, medical cannabis capsules, patch, whole flower, ground flower, vape pen, dried medical cannabis, creams & moisturizer, mask & serum, cleanser and others. In 2021, oil segment is expected to dominate the medical cannabis market due to high technology adoption by key players in the market.
On the basis of source, the medical cannabis market is segmented into synthetic and natural. In 2021, synthetic segment is expected to dominate the medical cannabis market because of increasing healthcare expenditure.
On the basis of species, the medical cannabis market is segmented into cannabis indica, sativa and hybrid. In 2021, cannabis indica segment is expected to dominate the medical cannabis market because of increased medicinal use of cannabis.
On the basis of derivatives, the medical cannabis market is segmented into (CBD), tetrahydrocannabinol (THC)/delta-8-tetrahydrocannabinol, cannabinol, cannabigerol (CBG) and others. In 2021, (CBD) segment is expected to dominate the medical cannabis market due to increasing demand of medical marijuana products in the market.
On the basis of application, the medical cannabis market is segmented into Alzheimer’s disease, appetite loss, cancer, epilepsy, autism, mental health conditions, multiple sclerosis, pain management, nausea, muscle spasms, arthritis, elevate mood, depression and sleep disorders, anxiety and others. In 2021, Alzheimer’s disease segment is expected to dominate the medical cannabis market because of increasing R&D activities.
On the basis of route of administration, the medical cannabis market is segmented into oral solutions and capsules, smoking, vaporizers, topicals and others. In 2021, oral solutions and capsules segment is expected to dominate the medical cannabis market because of rising prevalence of chronic diseases.
On the basis of end user, the medical cannabis market is segmented into pharmaceutical industry, research and development centers, homecare settings, hospital and rehab centers and others. In 2021, pharmaceutical industry segment is expected to dominate the medical cannabis market because of increasing geriatric population and prevalence of chronic diseases.
On the basis of distribution channel, the medical cannabis market is segmented into B2B and B2C. In 2021, B2B segment is expected to dominate the medical cannabis market because of increasing demand of cannabis for medical and clinical purposes.

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