Marijuana Medicine Market Scope and Size by 2031
Medical marijuana is used to treat a wide range of conditions such as chronic pain, and neurological disorders. The rising product launches are driving the growth of the market. For instance, in July 2021, the FDA has approved THC-based medications, dronabinol (Marinol) and nabilone (Cesamet), for the treatment of nausea in patients undergoing cancer chemotherapy and to stimulate appetite in patients with wasting syndrome due to AIDS. In addition, several marijuana-based medications have been approved or are undergoing clinical trials. For instance, Nabiximols (Sativex), a mouth spray is used in the treatment of spasticity and neuropathic pain.
MARKET DYNAMICS
The marijuana medicine market is driving due to rising awareness regarding various medical applications such as pain management, and growing number of countries legalizing the use of medical marijuana. However, lower market access due to absence of legalization programs in several Asian and African countries is expected to hamper the growth of the global marijuana medicine market. Moreover, growing research and development activities is anticipated to drive demand the growth of the market.
MARKET SCOPE
The "Marijuana Medicine Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of marijuana medicine market with detailed market segmentation by application, and route of administration. The marijuana medicine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Marijuana Medicine market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The marijuana medicine market is segmented based on application, and route of administration. Based on application, the market is segmented into chronic pain, arthritis, migraine, cancer, epilepsy, and others. Based on route of administration, the market is segmented into inhalation, oral, and topical.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Marijuana Medicine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Marijuana Medicine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting marijuana medicine market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social, and technological factors effecting the Marijuana Medicine market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Marijuana Medicine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Marijuana Medicine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting marijuana medicine market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social, and technological factors effecting the Marijuana Medicine market in these regions.
MARKET PLAYERS
The report covers key developments in the marijuana medicine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Marijuana Medicine market are anticipated to have lucrative growth opportunities in the future with the rising demand for Marijuana Medicine market in the global market. Below mentioned is the list of few companies engaged in the Marijuana Medicine market.
The report also includes the profiles of key players in marijuana medicine market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Greenwich Biosciences, Inc.
- Insys Therapeutics, Inc.
- Lexaria Bioscience Corp
- GW Pharmaceuticals plc
- GBSciences, Inc.
- Cara Therapeutics
- Avecho Biotechnology Ltd
- Solvay
- Intec Pharma Ltd
- Zelira Therapeutics
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Marijuana Medicine Market - By Application
1.3.2 Marijuana Medicine Market - By Route of Administration
1.3.3 Marijuana Medicine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MARIJUANA MEDICINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MARIJUANA MEDICINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MARIJUANA MEDICINE MARKET - GLOBAL MARKET ANALYSIS
6.1. MARIJUANA MEDICINE - GLOBAL MARKET OVERVIEW
6.2. MARIJUANA MEDICINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MARIJUANA MEDICINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. CHRONIC PAIN
7.3.1. Overview
7.3.2. Chronic Pain Market Forecast and Analysis
7.4. ARTHRITIS
7.4.1. Overview
7.4.2. Arthritis Market Forecast and Analysis
7.5. MIGRAINE
7.5.1. Overview
7.5.2. Migraine Market Forecast and Analysis
7.6. CANCER
7.6.1. Overview
7.6.2. Cancer Market Forecast and Analysis
7.7. EPILEPSY
7.7.1. Overview
7.7.2. Epilepsy Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. MARIJUANA MEDICINE MARKET - REVENUE AND FORECASTS TO 2028 - ROUTE OF ADMINISTRATION
8.1. OVERVIEW
8.2. ROUTE OF ADMINISTRATION MARKET FORECASTS AND ANALYSIS
8.3. INHALATION
8.3.1. Overview
8.3.2. Inhalation Market Forecast and Analysis
8.4. ORAL
8.4.1. Overview
8.4.2. Oral Market Forecast and Analysis
8.5. TOPICAL
8.5.1. Overview
8.5.2. Topical Market Forecast and Analysis
9. MARIJUANA MEDICINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Marijuana Medicine Market Overview
9.1.2 North America Marijuana Medicine Market Forecasts and Analysis
9.1.3 North America Marijuana Medicine Market Forecasts and Analysis - By Application
9.1.4 North America Marijuana Medicine Market Forecasts and Analysis - By Route of Administration
9.1.5 North America Marijuana Medicine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Marijuana Medicine Market
9.1.5.1.1 United States Marijuana Medicine Market by Application
9.1.5.1.2 United States Marijuana Medicine Market by Route of Administration
9.1.5.2 Canada Marijuana Medicine Market
9.1.5.2.1 Canada Marijuana Medicine Market by Application
9.1.5.2.2 Canada Marijuana Medicine Market by Route of Administration
9.1.5.3 Mexico Marijuana Medicine Market
9.1.5.3.1 Mexico Marijuana Medicine Market by Application
9.1.5.3.2 Mexico Marijuana Medicine Market by Route of Administration
9.2. EUROPE
9.2.1 Europe Marijuana Medicine Market Overview
9.2.2 Europe Marijuana Medicine Market Forecasts and Analysis
9.2.3 Europe Marijuana Medicine Market Forecasts and Analysis - By Application
9.2.4 Europe Marijuana Medicine Market Forecasts and Analysis - By Route of Administration
9.2.5 Europe Marijuana Medicine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Marijuana Medicine Market
9.2.5.1.1 Germany Marijuana Medicine Market by Application
9.2.5.1.2 Germany Marijuana Medicine Market by Route of Administration
9.2.5.2 France Marijuana Medicine Market
9.2.5.2.1 France Marijuana Medicine Market by Application
9.2.5.2.2 France Marijuana Medicine Market by Route of Administration
9.2.5.3 Italy Marijuana Medicine Market
9.2.5.3.1 Italy Marijuana Medicine Market by Application
9.2.5.3.2 Italy Marijuana Medicine Market by Route of Administration
9.2.5.4 Spain Marijuana Medicine Market
9.2.5.4.1 Spain Marijuana Medicine Market by Application
9.2.5.4.2 Spain Marijuana Medicine Market by Route of Administration
9.2.5.5 United Kingdom Marijuana Medicine Market
9.2.5.5.1 United Kingdom Marijuana Medicine Market by Application
9.2.5.5.2 United Kingdom Marijuana Medicine Market by Route of Administration
9.2.5.6 Rest of Europe Marijuana Medicine Market
9.2.5.6.1 Rest of Europe Marijuana Medicine Market by Application
9.2.5.6.2 Rest of Europe Marijuana Medicine Market by Route of Administration
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Marijuana Medicine Market Overview
9.3.2 Asia-Pacific Marijuana Medicine Market Forecasts and Analysis
9.3.3 Asia-Pacific Marijuana Medicine Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Marijuana Medicine Market Forecasts and Analysis - By Route of Administration
9.3.5 Asia-Pacific Marijuana Medicine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Marijuana Medicine Market
9.3.5.1.1 Australia Marijuana Medicine Market by Application
9.3.5.1.2 Australia Marijuana Medicine Market by Route of Administration
9.3.5.2 China Marijuana Medicine Market
9.3.5.2.1 China Marijuana Medicine Market by Application
9.3.5.2.2 China Marijuana Medicine Market by Route of Administration
9.3.5.3 India Marijuana Medicine Market
9.3.5.3.1 India Marijuana Medicine Market by Application
9.3.5.3.2 India Marijuana Medicine Market by Route of Administration
9.3.5.4 Japan Marijuana Medicine Market
9.3.5.4.1 Japan Marijuana Medicine Market by Application
9.3.5.4.2 Japan Marijuana Medicine Market by Route of Administration
9.3.5.5 South Korea Marijuana Medicine Market
9.3.5.5.1 South Korea Marijuana Medicine Market by Application
9.3.5.5.2 South Korea Marijuana Medicine Market by Route of Administration
9.3.5.6 Rest of Asia-Pacific Marijuana Medicine Market
9.3.5.6.1 Rest of Asia-Pacific Marijuana Medicine Market by Application
9.3.5.6.2 Rest of Asia-Pacific Marijuana Medicine Market by Route of Administration
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Marijuana Medicine Market Overview
9.4.2 Middle East and Africa Marijuana Medicine Market Forecasts and Analysis
9.4.3 Middle East and Africa Marijuana Medicine Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Marijuana Medicine Market Forecasts and Analysis - By Route of Administration
9.4.5 Middle East and Africa Marijuana Medicine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Marijuana Medicine Market
9.4.5.1.1 South Africa Marijuana Medicine Market by Application
9.4.5.1.2 South Africa Marijuana Medicine Market by Route of Administration
9.4.5.2 Saudi Arabia Marijuana Medicine Market
9.4.5.2.1 Saudi Arabia Marijuana Medicine Market by Application
9.4.5.2.2 Saudi Arabia Marijuana Medicine Market by Route of Administration
9.4.5.3 U.A.E Marijuana Medicine Market
9.4.5.3.1 U.A.E Marijuana Medicine Market by Application
9.4.5.3.2 U.A.E Marijuana Medicine Market by Route of Administration
9.4.5.4 Rest of Middle East and Africa Marijuana Medicine Market
9.4.5.4.1 Rest of Middle East and Africa Marijuana Medicine Market by Application
9.4.5.4.2 Rest of Middle East and Africa Marijuana Medicine Market by Route of Administration
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Marijuana Medicine Market Overview
9.5.2 South and Central America Marijuana Medicine Market Forecasts and Analysis
9.5.3 South and Central America Marijuana Medicine Market Forecasts and Analysis - By Application
9.5.4 South and Central America Marijuana Medicine Market Forecasts and Analysis - By Route of Administration
9.5.5 South and Central America Marijuana Medicine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Marijuana Medicine Market
9.5.5.1.1 Brazil Marijuana Medicine Market by Application
9.5.5.1.2 Brazil Marijuana Medicine Market by Route of Administration
9.5.5.2 Argentina Marijuana Medicine Market
9.5.5.2.1 Argentina Marijuana Medicine Market by Application
9.5.5.2.2 Argentina Marijuana Medicine Market by Route of Administration
9.5.5.3 Rest of South and Central America Marijuana Medicine Market
9.5.5.3.1 Rest of South and Central America Marijuana Medicine Market by Application
9.5.5.3.2 Rest of South and Central America Marijuana Medicine Market by Route of Administration
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MARIJUANA MEDICINE MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. MARIJUANA MEDICINE MARKET, KEY COMPANY PROFILES
12.1. GREENWICH BIOSCIENCES, INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. INSYS THERAPEUTICS, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. LEXARIA BIOSCIENCE CORP
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GW PHARMACEUTICALS PLC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. GBSCIENCES, INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. CARA THERAPEUTICS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. AVECHO BIOTECHNOLOGY LTD
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SOLVAY
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. INTEC PHARMA LTD
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZELIRA THERAPEUTICS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Greenwich Biosciences, Inc.
2. Insys Therapeutics, Inc.
3. Lexaria Bioscience Corp
4. GW Pharmaceuticals plc
5. GBSciences, Inc.
6. Cara Therapeutics
7. Avecho Biotechnology Ltd
8. Solvay
9. Intec Pharma Ltd
10. Zelira Therapeutics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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