Press release
Medical Marijuana Market Landscape, Trends, Key Insights, Segments And Outlook By 2032
Medical Marijuana Market Analysis
The Business Research Company's Medical Marijuana Global Market Report 2023 identifies increasing prevalence of cancer as the major driver for the medical marijuana market's growth in the forecast period. 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.
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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Major competitors in the medical marijuana market are Canopy Growth Corporation, MedReleaf, Aphria Incorporation, Medical Marijuana Inc., Tilray Medical.
A key trend in the medical marijuana market includes strategic partnership. Major players in the medical marijuana sector are focused on strategic partnerships to expand their market and leverage each other's resources.
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The medical marijuana market is segmented -
1) By Product: Dried Flower, Extract Form
2) By Type: Flower, Concentrate, Edibles, Other Types
3) By Application: Pain Management, Tourette Syndrome, Alzheimer's disease, Migraines, Depression And Anxiety, Multiple Sclerosis, Cancer, Other Applications
4) By Distribution Channel: Retail Pharmacy, E-Commerce, Other Distribution Channels
• 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.
The Business Research Company's "Global Medical Marijuana Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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