The Rising Prevalence Of Cancer Fuels Demand For Medical Marijuana Market As An Adjunctive Therapy: Strengthening the Growth Trajectory of the Medical Marijuana Market

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Medical Marijuana Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of medical marijuana has seen a rapid increase in the last few years. It is projected to rise from $32.96 billion in 2024 to $39.85 billion in 2025, experiencing a compound annual growth rate (CAGR) of 20.9%. This growth in the historical period is due to shifts in regulatory policies, increased acceptance of for medical use, the growing list of medical conditions it can treat, patients seeking alternative treatments, and changing perspectives amongst healare providers.

Medical Marijuana Market Size Forecast: What's the Projected Valuation by 2029?
The market for medical marijuana is projected to experience significant expansion in the coming years, with the prediction of reaching a value of $89.02 billion in 2029, and a compound annual growth rate (CAGR) of 22.3%. This anticipated growth within the forecast period is due to factors such as ongoing improvements in regulations, scientific research and evidence, patient education and consciousness, the advancement of medical marijuana product range, and incorporation into mainstream healare. The forecast period is also expected to see a surge in collaborations with conventional healare providers, emphasis on personalized treatment schedules, standardizing dosage and labelling, plus investment and mergers & acquisitions activity.

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What Are the Drivers Transforming the Medical Marijuana Market?
The anticipated rise in cancer cases is predicted to heighten the need for the medical marijuana market. Cancer is a disease characterized by the uncontrolled growth and spread of a few body cells to other parts of the body. Medical marijuana aids in the alleviation of various symptoms experienced by cancer patients such as neuropathy, nausea, pain, vomiting, and issues with appetite and weight loss. To illustrate, data from the World Health Organization, a Switzerland-based specialized agency that concentrates on global public health, revealed that by 2050, new cancer cases are expected to soar to over 35 million, signifying a 77% increase from the projected 20 million cases in 2022. Therefore, the anticipated rise of cancer prevalence will stimulate the expansion of the medical marijuana market.

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What Long-Term Trends Will Define the Future of the Medical Marijuana Market?
Strategic alliances have become a crucial trend that is gaining momentum in the medical marijuana market. Medical marijuana market's top players are heavily investing in these alliances to extend their reach and utilize shared resources efficiently. For example, in October 2024, the US-based seller, Trulieve Corp.. decided to join forces with the US therapy brand provider - Black Buddha . The pact was aimed to introduce Black Buddha's products at Trulieve dispensaries in locations like Arizona and Pennsylvania. The objective of this alliance is to enhance Trulieve's product range with Black Buddha's health-centric products, notably their BLYSS and DREAM lines that stress therapeutic advantages and expertly crafted terpene profiles. Moreover, in January 2022, Trulieve Corp.., another US-based company, broadened its collaboration with Connected Co, a predominant cultivator in the US. The expanded partnership's objective is to sustain a collection of exclusive top-notch strains.

Which Segments in the Medical Marijuana Market Offer the Most Profit Potential?
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

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Which Firms Dominate the Medical Marijuana Market by Market Share and Revenue in 2025?
Major companies operating in the medical marijuana market include Pfizer Inc., Curaleaf Holdings Inc., Trulieve Corp, Green Thumb Industries GTI Inc., Cresco Labs Inc., Tilray Inc, Aphria Inc., Canopy Growth Corporation, Jushi Holdings Inc., TerrAscend Corp, Aurora 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 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.

Which Regions Offer the Highest Growth Potential in the Medical Marijuana Market?
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.

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