At 9.8% CAGR, Medical Cannabis Market Size is Expected to Exhibit US$ 6 billion by 2028

By Sachin Pashte  | Date: November 02, 2022

At 9.8% CAGR, Medical Cannabis Market Size is Expected to Exhibit US$ 6 billion by 2028

Global Medical Cannabis Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2028. Medical Cannabis Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Medical Cannabis market and provides information regarding the revenue for the period 2022 to 2028.

The Global Medical Cannabis Market Size is anticipated to increase by USD 6 billion till 2028 at an average annual growth of 9.8 percent as per the latest report.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global medical cannabis market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the medical cannabis industry.

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The report also provides analysis of the key companies of the industry and their detailed company profiles including Aurora Cannabis Inc., Cannabis Sativa, Inc., Canopy Growth Corporation, Cara Therapeutics, Inc., Emerald Health Therapeutics, Inc., GB Sciences, Inc., GW Pharmaceuticals plc, InterCure Ltd., Medical Marijuana, Inc., Tilray Brands, Inc., among others.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, derivative, route of administration, application, distribution channel, and region. The global market for medical cannabis can be segmented by product: dissolvables and powders, oils, ointments and creams, solids. In 2021, the dissolvables and powders segment made up the largest share of revenue generated by the medical cannabis market. Medical cannabis market is further segmented by derivative: cannabidiol, tetrahydrocannabinol. Based on route of administration, the medical cannabis market is segmented into: inhalation, oral, topical. On the basis of application, the medical cannabis market also can be divided into: management of neurological disorders, mental health, pain management. Medical cannabis market by distribution channel is categorized into: hospitals, online pharmacies, pharmacies. The medical cannabis market by region can be segmented into: North America, Europe, Asia-Pacific, Rest of the World.

By product:

- dissolvables and powders

- oils

- ointments and creams

- solids

By derivative:

- cannabidiol

- tetrahydrocannabinol

By route of administration:

- inhalation

- oral

- topical

By application:

- management of neurological disorders

- mental health

- pain management

By distribution channel:

- hospitals

- online pharmacies

- pharmacies

By region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

- To analyze and forecast the market size of the global Medical Cannabis market.

- To classify and forecast the global Medical Cannabis market based on product, application, end user, region.

- To identify drivers and challenges for the global Medical Cannabis market.

- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global Medical Cannabis market.

- To identify and analyze the profile of leading players operating in the global Medical Cannabis market.

Questions And Answers: Global Medical Cannabis Market

Q1. What is the CAGR that the Medical Cannabis Market is expected to register through the projected duration?

Answer: The Medical Cannabis Market is likely to register a CAGR of 9.8% over the forecast period.

Q2. How much is the Medical Cannabis Market expected to be worth by the end of the year 2028?

Answer: Medical Cannabis Market is likely to surpass a mammoth of USD 6 billion by the end of 2028.

Q3. Which Are the Key Players in Global Medical Cannabis Market?

Answer: Aurora Cannabis Inc., Cannabis Sativa, Inc., Canopy Growth Corporation, Cara Therapeutics, Inc., Emerald Health Therapeutics, Inc., GB Sciences, Inc., GW Pharmaceuticals plc, among others are the leading players in worldwide Medical Cannabis Market.

For More Details on This Report: https://www.marketstudyreport.com/reports/global-medical-cannabis-market-2022-2028

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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