Medical Cannabis Market Size, Scope, and Share by 2028
Medical Cannabis Market: Strategic Insights
Medical Cannabis Market
-
CAGR (2023 - 2031)28.8% -
Market Size 2023
US$ 16.56 Billion -
Market Size 2031
US$ 97.20 Billion
Market Dynamics
GROWTH DRIVERS
- Rise in approvals of medical cannabis and business expansion of companies are bolstering the medical cannabis market growth worldwide
FUTURE TRENDS
- Increasing distribution is expected to attract more investments and may lead to market growth during the forecast period.
OPPORTUNITIES
- Rising urge to control the COVID-19 pandemic is boosting the demand for medical cannabis, thereby providing opportunity for the medical cannabis market players.
Key Players
- Aphria Inc
- Aurora Cannabis
- Cannabis Science Inc
- Canopy Growth Corporation
- Medical Marijuana Inc
- VIVO Cannabis Inc
- Tikun Olam
- Tilray
- The Cronos Group
- Canvory
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product Type - Flowers
- Concentrates
- Tablets
- Cannabis Oil and Topical Ointments
- Capsules
- Beverages and Edibles
Medical Application - Pain Management
- Neurological Health Management
- Mental Health Management
Compound - Tetrahydrocannabinol-Dominant
- Cannabidiol-Dominant
- Balanced THC
- CBD
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