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Medical Marijuana Global Market 2023 - By Industry Demand, Leading Players, Regional Overview And Forecast To 2032
Medical Marijuana Market
Medical Marijuana Market Size, Growth Rate, And Forecast
The global medical marijuana market size is expected to grow from $22.69 billion in 2022 to $27.40 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global medical marijuana market size is expected to reach $57.80 billion in 2027 at a CAGR of 20.5%.
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Medical Marijuana Market Drivers
The increasing prevalence of cancer is expected to drive the demand for the medical marijuana market going forward. Cancer refers to the condition when a few of the body's cells grow out of control and spread to other bodily regions. Medical marijuana helps treat cancer patients with neuropathy, nausea, pain, vomiting, appetite, and weight loss.
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Medical Marijuana Market Segments
• By Product: Dried Flower, Extract Form
• By Type: Flower, Concentrate, Edibles, Other Types
• By Application: Pain Management, Tourette Syndrome, Alzheimer's disease, Migraines, Depression And Anxiety, Multiple Sclerosis, Cancer, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Medical Marijuana market.
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Medical Marijuana Market Key Players
Major competitors in the Medical Marijuana market include Canopy Growth Corporation, MedReleaf, Aphria Incorporation, Aurora Cannabi*s, Medical Marijuana Inc., Tilray Medical
The Business Research Company's "Global Medical Marijuana Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Medical Marijuana Market Include:
1. Executive Summary
2. Medical Marijuana Market Characteristics
3. Medical Marijuana Market Trends And Strategies
4. Medical Marijuana Market - Macro Economic Scenario
5. Medical Marijuana Market Size And Growth
................
26. Africa Medical Marijuana Market
27. Medical Marijuana Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Marijuana Market
29. Medical Marijuana Market Future Outlook and Potential Analysis
30. Appendix
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