Press release
Medical Marijuana Market Size Forecasted To Achieve $89.02 Billion By 2029 With Steady Growth
Medical Marijuana
What Is the Expected Medical Marijuana Market Size During the Forecast Period?
The size of the medical marijuana market has expanded rapidly over recent years. Its growth is projected to rise from $32.96 billion in 2024 to $39.85 billion in 2025, with a compound annual growth rate (CAGR) of 20.9%. The reason for this historic growth can be traced back to alterations in regulatory policies, the increasing acceptance of marijuana for medical applications, the expanding list of medical conditions it can treat, a growing demand from patients for alternative treatments, and a shift in attitudes among healthcare providers.
In the upcoming years, substantial expansion is forecasted in the medical marijuana market, with its size estimated to skyrocket to $89.02 billion by 2029, growing at a compound annual growth rate (CAGR) of 22.3%. The projected growth during this period is linked to ongoing regulatory advancements, substantial scientific research and evidence, patient enlightenment and awareness, the broadening of medical marijuana product ranges, and incorporation into conventional healthcare. The main trends to watch out for during this forecast period include collaborations with established healthcare providers, emphasis on personalized treatment protocols, standardization of dosage and labels, as well as investment and merger and acquisition activities.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9091
What Are the High-Growth Segments in the Medical Marijuana Market?
The medical marijuana market covered in this report 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
Subsegments:
1) By Dried Flower: Indica Strains, Sativa Strains, Hybrid Strains
2) By Extract Form: Oils, Tinctures, Concentrates, Edibles
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9091&type=smp
What Key Drivers Are Expected to Influence Future Medical Marijuana Market Growth?
The rising incidence of cancer is predicted to fuel demand in the medical marijuana industry. Cancer occurs when certain cells in the body grow uncontrollably and spread throughout the body. Medical cannabis* provides relief for symptoms such as neuropathy, nausea, pain, vomiting, loss of appetite, and weight loss that can be associated with cancer. For instance, the World Health Organization, a Swiss agency focused on global public health, predicted in February 2024 that by 2050, more than 35 million new cases of cancer will arise. This is a 77% increase compared to the estimated 20 million cases in 2022. Therefore, the escalating rate of cancer is anticipated to propel growth in the medical marijuana market.
Which Companies Hold the Largest Share Across Different Medical Marijuana Market Segments?
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, Aurora cannabis* Inc., HEXO Corp, MedMen Enterprises Inc., Organigram Holdings Inc., Charlotte's Web Holdings Inc., Vireo Health International Inc., Medical Marijuana Inc., Cara Therapeutics Inc., VIVO cannabis* Inc., Valens GroWorks Corp, Green Relief Inc., Harborside Inc., MediPharm Labs Inc., Tikun Olam Cannbit Ltd., Emerald Health Therapeutics Inc., MedReleaf Corporation, GB Sciences Inc., CanniMed Therapeutics Inc., The Cronos Group Inc., Planet 13 Holdings Inc.
What Trends Are Driving Growth in The Medical Marijuana Market?
The rising trend of strategic alliances is being observed within the medical marijuana market. To leverage mutual resources and grow their market presence, key players in this sector are focusing on building strategic partnerships. For instance, Trulieve cannabis* Corp., a US-based cannabis* retail company, teamed up with Black Buddha cannabis*, a wellness brand supplier in the US, in October 2024. The partnership aimed at featuring Black Buddha's products in Trulieve dispensaries situated in Arizona and Pennsylvania, thereby augmenting Trulieve's product range with wellness-centric cannabis* products from Black Buddha, particularly their BLYSS and DREAM lines that focus on therapeutic effects and curated terpene profiles. Additionally, in January 2022, Trulieve cannabis* Corp. widened its collaboration with Connected cannabis* Co, a renowned cannabis* cultivator from the US. The goal of this extended alliance is to preserve a portfolio of unique top-shelf strains.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/medical-marijuana-global-market-report
What Are the Emerging Geographies for The Medical Marijuana Market Growth?
North America was the largest region in the medical marijuana market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global medical marijuana market during forecast period. The regions covered in the medical marijuana market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Marijuana Market?
2. What is the CAGR expected in the Medical Marijuana Market?
3. What Are the Key Innovations Transforming the Medical Marijuana Industry?
4. Which Region Is Leading the Medical Marijuana Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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 Medical Marijuana Market Size Forecasted To Achieve $89.02 Billion By 2029 With Steady Growth here
News-ID: 4019959 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
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…
