Press release
Exponential Growth in Medical Marijuana Market: Driven by Regulatory Developments and Greater Acceptance
Medical Marijuana Market Size
What Is The Projected Market Size Of The Global Medical Marijuana Market And Its Growth Rate?
•The medical marijuana market size has grown exponentially in recent years.
•It will grow from $32.96 billion in 2024 to $39.85 billion in 2025 at a compound annual growth rate (CAGR) of 20.9%.
•The growth in the historic period can be attributed to changing regulatory landscape, greater acceptance of cannabis* for medical purposes, and an expanding list of medical conditions that can be treated with the plant.
•The market size is expected to reach $89.02 billion in 2029 at a compound annual growth rate (CAGR) of 22.3%.
•Growth in the forecast period will be driven by continued regulatory developments, scientific research and evidence, patient education and awareness, expansion of product offerings, and integration into mainstream healthcare.
What Is Driving The Growth In The Medical Marijuana Market?
The increasing prevalence of cancer is anticipated to be a significant driver for the medical marijuana market. Cancer pertains to the uncontrollable growth and spread of certain body cells. Medical marijuana has proven beneficial in managing cancer symptoms such as neuropathy, nausea, pain, vomiting, appetite, and weight loss. According to the World Health Organization, by 2050, over 35 million new cancer cases are projected, a 77% increase from the estimated 20 million cases in 2022. Therefore, the rising occurrence of cancer will fuel the growth of the medical marijuana market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9091&type=smp
Who Are the Key Players Driving Medical Marijuana Market Growth?
Major companies operating in the medical marijuana market include:
•Pfizer Inc.
•Curaleaf Holdings Inc.
•Trulieve cannabis* Corp.
•Green Thumb Industries GTI Inc.
•Cresco Labs Inc.
•Tilray Inc
•Aphria Inc.
•Canopy Growth Corporation
•Jushi Holdings Inc.
•TerrAscend Corp.
What Are The Key Trends In The Medical Marijuana Market?
Key trends in the forecast period include:
•Partnerships with traditional healthcare providers
•Focus on customized treatment plans
•Standardization of dosage and labeling
•Investment and M&A activity.
What Are The Segments Of The Global Medical Marijuana Market?
The medical marijuana market covered in this report is segmented into:
•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 Distribution Channel: Retail Pharmacy, E-Commerce, Other Distribution Channels.
Which Region Leads The Medical Marijuana Market?
North America led the medical marijuana market in 2024. In the upcoming years, Asia-Pacific is expected to demonstrate the most accelerated growth in the global medical marijuana market.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/medical-marijuana-global-market-report
What Is Covered In The Medical Marijuana Market Global Market Report?
•Market Size Analysis: Analyze the Medical Marijuana Market size by key regions, countries, product types, and applications.
•Market Segmentation Analysis: Identify various subsegments within the Market for effective categorization.
•Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
•Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
•Market Contribution: Evaluate contributions of different segments to the overall Market growth.
•Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
•Industry Challenges: Analyze challenges and risks affecting the Market.
•Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=9091&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Exponential Growth in Medical Marijuana Market: Driven by Regulatory Developments and Greater Acceptance here
News-ID: 3841557 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Medical
ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent…
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of…
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.…
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The…
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924
Global Medical Casting & Splinting market 2019 research provides a basic overview of…
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator
A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis.
Get Free…
