The latest update of “Global Medical Cannabis Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Medical Cannabis Market.
Overview of the Medical Cannabis Market:
Medical cannabis, also known as medical marijuana, is cannabis and cannabinoids that are used reduce nausea and vomiting during chemotherapy along with chronic pain and muscle spasms. It is also used to improve appetite in people with HIV/AIDS. Medical cannabis is used in the treatment of epilepsy.
Increasing prevalence of cancer is expected to propel growth of the global medical cannabis market over the forecast period. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S. Moreover, the implementation of rules that allow medical use of cannabis is also expected to aid in growth of the market. For instance, in 2019, the Thailand Narcotics Act was amended to allow the use of cannabis for medical and research purposes.
Geographical expansion is expected to offer lucrative growth opportunities for players in the global medical cannabis market. For instance, in May 2020, Aurora Cannabis Inc. entered into an agreement to acquire Reliva, LLC, a producer of hemp-derived CBD products in the U.S. Moreover, high prevalence of epilepsy is also expected to aid in growth of the market. For instance, the study, ‘Global, regional, and national burden of epilepsy, 1990–2016: a systematic analysis for the Global Burden of Disease Study 2016’, published in February 2019 in The Lancet, recorded the highest prevalence of epilepsy in central Asia, central and Andean Latin America, and southeast Asia. The study reported 707,106 deaths in Asia Pacific due to epilepsy and the prevalence of the disease for the period 1990-2016 in the region was over 1 million.
However, insufficient evidence regarding the safety of medical cannabis and adverse effects such as tiredness, dizziness, increased appetite, and cardiovascular and psychoactive effects are expected to hinder growth of the global medical cannabis market.
Key Takeaways:
- Increasing prevalence of cancer to augment growth of the global medical cannabis market over the forecast period
- Major players in the market are focused on increasing their production capacity to enhance their market share. For instance, in November 2019, Aphria Inc. received a cultivation license from Health Canada for Aphria Diamond, the company’s second Leamington, Ontario cannabis greenhouse facility.
- Major players operating in the global medical cannabis market include, Aphria Inc., Aurora Cannabis, Inc., Cannabis Sativa Inc., CanniMed Therapeutics, Inc., Canopy Growth Corporation, Cara Therapeutics, Inc., Cronos Group Inc., GW Pharmaceuticals, Insys Therapeutics, Inc. MedReleaf Corporation, and United Cannabis Corporation
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Medical Cannabis Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Medical Cannabis Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Canopy Growth Corporation
- GW Pharmaceuticals, plc
- Aurora Cannabis, Inc.
- Aphria, Inc.
- MedReleaf Corporation
- Insys Therapeutics, Inc.
- CanniMed Therapeutics, Inc.
- Cara Therapeutics, Inc.
- United Cannabis Corporation
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Medical Cannabis Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Cancer
- Arthritis
- Migraine
- Epilepsy
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Medical Cannabis Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Medical Cannabis Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Medical Cannabis Market
1.6.1 How the Covid-19 is Affecting the Medical Cannabis Market
1.6.1.1 Medical Cannabis Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Medical Cannabis Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Medical Cannabis Market Perspective (2015-2027)
2.2 Medical Cannabis Market Growth Trends by Regions
2.2.1 Medical Cannabis Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Medical Cannabis Market Historic Market Share by Regions (2015-2021)
2.2.3 Medical Cannabis Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Medical Cannabis Market Growth Strategy
2.3.6 Primary Interviews with Key Medical Cannabis Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Medical Cannabis Market Players by Market Size
3.1.1 Global Top Medical Cannabis Market Players by Revenue (2015-2021)
3.1.2 Global Medical Cannabis Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Medical Cannabis Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Medical Cannabis Market Concentration Ratio
3.2.1 Global Medical Cannabis Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Medical Cannabis Market Revenue in 2019
3.3 Medical Cannabis Market Key Players Head office and Area Served
3.4 Key Players Medical Cannabis Market Product Solution and Service
3.5 Date of entering into Medical Cannabis Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2027)
4.1 Global Medical Cannabis Market Historic Market Size by Type (2015-2021)
4.2 Global Medical Cannabis Market Forecasted Market Size by Type (2021-2027)
5 Medical Cannabis Market Breakdown Data by Application (2015-2027)
5.1 Global Medical Cannabis Market Size by Application (2015-2021)
5.2 Global Medical Cannabis Market Forecasted Market Size by Application (2021-2027)
6 North America
6.1 North America Medical Cannabis Market Size (2015-2021)
6.2 Medical Cannabis Market Key Players in North America (2019-2021)
6.3 North America Medical Cannabis Market Size by Type (2015-2021)
6.4 North America Medical Cannabis Market Size by Application (2015-2021)
7 Europe
7.1 Europe Medical Cannabis Market Size (2015-2021)
7.2 Medical Cannabis Market Key Players in Europe (2019-2021)
7.3 Europe Medical Cannabis Market Size by Type (2015-2021)
7.4 Europe Medical Cannabis Market Size by Application (2015-2021)
8 China
8.1 China Medical Cannabis Market Size (2015-2021)
8.2 Medical Cannabis Market Key Players in China (2019-2021)
8.3 China Medical Cannabis Market Size by Type (2015-2021)
8.4 China Medical Cannabis Market Size by Application (2015-2021)
9 Japan
9.1 Japan Medical Cannabis Market Size (2015-2021)
9.2 Medical Cannabis Market Key Players in Japan (2019-2021)
9.3 Japan Medical Cannabis Market Size by Type (2015-2021)
9.4 Japan Medical Cannabis Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Medical Cannabis Market Size (2015-2021)
10.2 Medical Cannabis Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Medical Cannabis Market Size by Type (2015-2021)
10.4 Southeast Asia Medical Cannabis Market Size by Application (2015-2021)
11 India
11.1 India Medical Cannabis Market Size (2015-2021)
11.2 Medical Cannabis Market Key Players in India (2019-2021)
11.3 India Medical Cannabis Market Size by Type (2015-2021)
11.4 India Medical Cannabis Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Medical Cannabis Market Size (2015-2021)
12.2 Medical Cannabis Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Medical Cannabis Market Size by Type (2015-2021)
12.4 Central & South America Medical Cannabis Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Medical Cannabis Market Introduction
13.4 Medical Cannabis Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Medical Cannabis Market Key Market Segments
Table 2. Key Players Covered: Ranking by Medical Cannabis Market Revenue
Table 3. Ranking of Global Top Medical Cannabis Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Medical Cannabis Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Medical Cannabis Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Medical Cannabis Market Players to Combat Covid-19 Impact
Table 10. Global Medical Cannabis Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Medical Cannabis Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Medical Cannabis Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Medical Cannabis Market Share by Regions (2015-2021)
Table 14. Global Medical Cannabis Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Medical Cannabis Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Medical Cannabis Market Growth Strategy
Table 20. Main Points Interviewed from Key Medical Cannabis Market Players
Table 21. Global Medical Cannabis Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Medical Cannabis Market Share by Players (2015-2021)
Table 23. Global Top Medical Cannabis Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Medical Cannabis Market as of 2019)
Table 24. Global Medical Cannabis Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Medical Cannabis Market Product Solution and Service
Table 27. Date of entering into Medical Cannabis Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Medical Cannabis Market Size by Type (2015-2021) (Million US$)
Table 30. Global Medical Cannabis Market Size Share by Type (2015-2021)
Table 31. Global Medical Cannabis Market Revenue Market Share by Type (2021-2027)
Table 31. Global Medical Cannabis Market Size Share by Application (2015-2021)
Table 33. Global Medical Cannabis Market Size by Application (2015-2021) (Million US$)
Table 34. Global Medical Cannabis Market Size Share by Application (2021-2027)
Table 35. North America Key Players Medical Cannabis Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Medical Cannabis Market Share (2019-2021)
Table 37. North America Medical Cannabis Market Size by Type (2015-2021) (Million US$)
Table 38. North America Medical Cannabis Market Share by Type (2015-2021)
Table 39. North America Medical Cannabis Market Size by Application (2015-2021) (Million US$)
Table 40. North America Medical Cannabis Market Share by Application (2015-2021)
Table 41. Europe Key Players Medical Cannabis Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Medical Cannabis Market Share (2019-2021)
Table 43. Europe Medical Cannabis Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Medical Cannabis Market Share by Type (2015-2021)
Table 45. Europe Medical Cannabis Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Medical Cannabis Market Share by Application (2015-2021)
Table 47. China Key Players Medical Cannabis Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Medical Cannabis Market Share (2019-2021)
Table 49. China Medical Cannabis Market Size by Type (2015-2021) (Million US$)
Table 50. China Medical Cannabis Market Share by Type (2015-2021)
Table 51. China Medical Cannabis Market Size by Application (2015-2021) (Million US$)
Table 52. China Medical Cannabis Market Share by Application (2015-2021)
Table 53. Japan Key Players Medical Cannabis Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Medical Cannabis Market Share (2019-2021)
Table 55. Japan Medical Cannabis Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Medical Cannabis Market Share by Type (2015-2021)
Table 57. Japan Medical Cannabis Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Medical Cannabis Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Medical Cannabis Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Medical Cannabis Market Share (2019-2021)
Table 61. Southeast Asia Medical Cannabis Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Medical Cannabis Market Share by Type (2015-2021)
Table 63. Southeast Asia Medical Cannabis Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Medical Cannabis Market Share by Application (2015-2021)
Table 65. India Key Players Medical Cannabis Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Medical Cannabis Market Share (2019-2021)
Table 67. India Medical Cannabis Market Size by Type (2015-2021) (Million US$)
Table 68. India Medical Cannabis Market Share by Type (2015-2021)
Table 69. India Medical Cannabis Market Size by Application (2015-2021) (Million US$)
Table 70. India Medical Cannabis Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Medical Cannabis Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Medical Cannabis Market Share (2019-2021)
Table 73. Central & South America Medical Cannabis Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Medical Cannabis Market Share by Type (2015-2021)
Table 75. Central & South America Medical Cannabis Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Medical Cannabis Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Medical Cannabis Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Medical Cannabis Market Share by Type: 2021 VS 2027
Figure 2. Global Medical Cannabis Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Medical Cannabis Market Report Years Considered
Figure 8. Global Medical Cannabis Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Medical Cannabis Market Share by Regions: 2021 VS 2027
Figure 10. Global Medical Cannabis Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Medical Cannabis Market Share by Players in 2019
Figure 13. Global Top Medical Cannabis Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Medical Cannabis Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Medical Cannabis Market Revenue in 2019
Figure 15. North America Medical Cannabis Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Medical Cannabis Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Medical Cannabis Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Medical Cannabis Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Medical Cannabis Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Medical Cannabis Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Medical Cannabis Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
Request Discount 
Inquire Before Buy
