Industrial Snapshot of Medical Cannabis Market

The Medical Cannabis Market Report is a treasured source of insightful data for business strategists. It provides an in-depth assessment of numerous features of industries like market overview, present progress valuations, historical and future Studies, current trends, SWOT valuations, and clients operating in several regions. The study provides valuable information to magnify the understanding, scope, and segments of this report. The report covers a comprehensive analysis of Medical Cannabis Market segmentation, regional and country breakdowns. This research will offer a clear and exact idea about the whole industry to the readers to make beneficial decisions.

According to Straits Research, the global Medical Cannabis Market size was valued at USD 27.38 billion in 2024 and it is projected to reach USD 101.22 billion in 2033, growing at a CAGR of 14.06% during the forecast period (2021-2032).

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Competitive Analysis

The report contains an in-depth analysis of the vendor’s profile, including financial health, business units, key business priorities, SWOT, strategies, and views.

  1. Canopy Growth Corporation
  2. Aurora Cannabis Inc.
  3. Tilray Inc.
  4. Cronos Group Inc.
  5. GW Pharmaceuticals
  6. Hexo Corp
  7. Columbia Care Inc.
  8. Charlotte’s Web Holdings, Inc.
  9. Green Thumb Industries Inc.
  10. Trulieve Cannabis Corp.
  11. Harvest Health & Recreation Inc.
  12. Zenabis Global Inc.
  13. Althea Group Holdings
  14. Cannabis Sativa, Inc.
  15. Medical Marijuana, Inc.

The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant R&D investments.

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Vendors across different verticals are planning for high investments in this market, and as a result, the market is expected to grow at an impressive rate in the upcoming years. The key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, collaboration & partnerships, joint ventures, and a few other strategies to be in a strong position in the global market.

Market Segmentation Analysis

The report provides a wide-ranging evaluation of the market, providing in-depth qualitative insights, historical data, and supportable projections along with the assumptions about the Medical Cannabis Market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, white papers, and vendor presentations. Thus, the research report represents every side of the Medical Cannabis Market and is segmented on the basis of regional markets, offerings, applications, and end-users.

Medical Cannabis Market: Segmentation

  1. By Product
    1. Flowers
    2. Concentrates
    3. Edibles
    4. Topical and Tinctures
    5. Others
  2. By Derivative
    1. Cannabidiol (CBD)
    2. Tetrahydrocannabinol (THC)
  3. By Route of Administration
    1. Inhalation
    2. Oral
    3. Topical
  4. By Applications
    1. Pain Management
    2. Neurological Health Management
    3. Mental Health Management
    4. Others
  5. By Distribution Channel
    1. Hospital Pharmacies
    2. Retail Pharmacies
    3. Online Pharmacies

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Regional Analysis

North America held the largest Medical Cannabis Market share in 2018 and is expected to dominate the market during the forecast period. The market will experience a steep rise in the following regions covered- North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Benefits

Medical Cannabis Market Industry companies to ensure business continuity with powerful protection by constantly checking the report and representing attractive growth opportunities for the companies. Medical Cannabis Market handles all the needs of the operators by allowing them to improve their services and concentrate on their core business. Medical Cannabis Market Research aims to increase business agility and reduce operational and capital expenditure with improved technology rollouts and capacity planning. The report discusses service types and regions related to this Medical Cannabis Market. Further, the report provides details about the major challenges affecting the market growth.

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Other Features of the Report:

  1. Provides a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies.
  2. Provides valuable insights into the product portfolio, including product planning, development, and positioning.

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