Medical Cannabis Market: Global Market Size, Forecast, Insights, and Competitive Landscape

Medical Cannabis Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global medical cannabis market is expected to grow at a CAGR of around 13.3% during 2023-2030. This report on global medical cannabis provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the medical cannabis market by segmenting the market based on species, molecule, end user, application, and region. Also, detailed profiles of companies operating in the global medical cannabis market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• Growing research activities and clinical trials on cannabis
• Rise in social acceptance of Cannabis.

Market Challenges

• Legalization in most of the countries is not yet done.
• Medical usage & research requires trained & authorized staff but lack of this is hampering its growth.

Historical & Forecast Period

Base Year: 2022
Historical Period: 2018-2022
Forecast Period: 2023-2030

Market by Species

• Indica
• Sativa
• Hybrid

Market by Molecule

• Cannabidiol (CBD)
• Tetrahydrocannabinol (THC)
• Others

Market by End User

• Pharmaceutical Industry
• Research & Development centres
• Others

Market by Applications

• Arthritis
• Cancer
• Depression
• Epilepsy
• Migraine
• Others

Market by Region

• Europe
• North America
• Asia Pacific
• Latin America
• Middle East & Africa