A report on the Medical Marijuana Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Medical Marijuana Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.

The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.

Market Analysis

The Medical Marijuana Market is estimated to grow from USD 21.1 billion in 2020 to USD 53.0 billion by 2026 at a healthy CAGR of 17% during the forecast period.

The Market is segmented by Type (Buds, Oils, Tinctures), By Application (Chronic Pain, Mental Disorders, Cancer, Others), By End-User (Hospitals and Specialty Wound Care Clinics, Long Term Care Facilities, Home Healthcare), and Region.

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Medical Marijuana Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

Report Features

The report delivers a detailed view of the industry based on Medical Marijuana Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-

–         Market structure: Overview, industry life cycle analysis, supply chain analysis

–         Covid-19 Impact analysis.

–         Market environment analysis: Growth drivers and constraints, and SWOT analysis.

–         Market trend and forecast analysis.

–         Market segment trend and forecast.

–         Competitive landscape and dynamics: Market share, product launches, etc.

–         Attractive Market segments and associated growth opportunities.

–         Emerging trends.

–         Strategic growth opportunities for the existing and new players.

The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.

Key Segments Medical Marijuana Market Report Covers:

Based on application, the market has been divided into chronic pain, mental disorders, cancer, and others.

  • The chronic pain segment accounted for the largest share in 2020 on account of increasing number of clinical trials using marijuana to treat chronic pain.
  • The cancer segment is projected to grow at the fastest CAGR during the review period.

The market in North America accounted for the largest market share of around 45% in 2020 due to presence of key market players such as Medical Marijuana, Inc. (US), Canopy Growth Corporation (Canada) and Aurora Cannabis Inc. (Canada).

Additionally, an increasing number of states legalizing the use of marijuana for medical purposes in the US is likely to play a significant role in the regional market growth.  The market in the Asia-Pacific region is projected to register a healthy growth rate on account of rising awareness regarding product benefits, particularly in China and India.

According to the report, brands or companies that are leading globally in this Market are –

  • Tilray (The U.S),
  • Canopy Growth Corporation (Canada),
  • Aurora Cannabis Inc. (Canada),
  • Maricann Group Inc. (Canada),
  • Aphria Inc. (Canada),
  • Tikun Olam (Israel),
  • GW Pharmaceuticals (UK),
  • Cannabis Sativa (The U.S),
  • Medical Marijuana, Inc. (The U.S), and
  • MedReleaf Corp. (The U.S).

Report Customization –

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About Us –

Stratviewresearch.com is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. Stratview Research possesses a global presence to enable current Market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. We survey clients in several countries to provide you with the most comprehensive illustration of global trends and behaviours.