Medical Marijuana Market 2021–Global Industry Analysis, Size, Share, Trends, Demand, Growth, Opportunities and Forecast 2027

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According to recent market study published by Nova one advisor Market reports titled, “Global Medical Marijuana Market Size, Share, Trends Analysis , Opportunity and Forecast, 2021-2027”, the market was valued at US$  90.4 Billion by 2027 and is expected to grow at a moderate growth rate of 19.69 % by the year 2027.

Medical marijuana, commonly known as medical cannabis, is a specific type of cannabis plant and its derivatives supply chains that have been used to treat a variety of conditions and diseases, particularly chronic pain and nausea. It’s administered for a variety of health conditions, including pain management and epilepsy, among others. Various efforts are underway in Central Asia & the Middle East to legalize and regulate the use of certain medical marijuana in multiple regions. Medicinal marijuana, often known as medical marijuana, is a herbal supplement medication derived from Cannabis plants that are being used to treat a specific symptom or ailment. Although the term cannabis refers to the plant genus, it is also used to refer to the crude narcotic extracted from the plants’ leaves and flowers, which is known as marijuana. Several pharmaceutical medications based on cannabis have been made accessible for medical use in a purified and standardized form. Patients must have a diagnosed sickness that is on their state’s list of permitted ailments, as well as a medical referral from their doctor, to be eligible for medical marijuana for medicinal or therapeutic purposes. After that, the patient can apply for a medical marijuana card, which allows them to shop at dispensaries for medical marijuana and related items.

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Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Medical Marijuana market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Medical Marijuana market include ABcann Medicinals, Inc., Aphria, Inc., Aurora Cannabis, Inc., Cannabis Sativa Inc., Canopy Growth Corporation, Emerald Health Therapeutics, and Green Relief Inc., among others.

Despite unprecedented implications of the COVID-19 outbreak, the market will gain impetus amidst soaring investment towards sophistication of the healthcare sector. The market survey offers compelling insights into key factors enabling growth through the assessment period. It underscores hidden opportunities across diverse segments. Besides uncovering hidden opportunities, the report presents exclusive insights into challenges posing threat to growth. Alongside this, it offers recommendations to navigate through unforeseen hindrances in the future, while keeping the business afloat.

Scope of the Study

This Medical Marijuana market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, Application, Route of Administration ,Distribution Channel, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Market, By Application

  • Pain Management
    • Neuropathic Pain
    • Cancer Pain
    • Others
  • Muscle Spasms
  • Nausea
  • Anorexia
  • Seizures
  • Others

Market, By Route of Administration

  • Inhalation
  • Oral
  • Topical

Market, By Distribution Channel

  • Dispensaries
  • Online

Regional Segmentation:

– North America Region (U.S., Canada, Mexico)

– Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

– Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

– South America Region (Brazil, Argentina, Columbia, Rest of South America)

– The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Table of content

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Continued…

Final Report will add the analysis of the impact of COVID-19 on this industry.

Important years considered for this report:

Historical Years: 2017-2019

Base Year: 2020

Forecast Period: 2021-2027

Key Points Covered in Medical Marijuana Market Survey

  • Demand will remain high in the U.S., backed by favourable reimbursement policies and presence of some of the leading market players.
  • Europe will continue showcasing high demand. Sales will remain high, especially in the U.K., Germany, France, and other countries.
  • China and India will exhibit high demand for Medical Marijuana, backed by expanding healthcare sector.
  • Focus on research and development will increase in Brazil, creating opportunities for the expansion of the Medical Marijuana market.
  • Hospitals are expected to showcase higher demand for Medical Marijuana on account of greater access to advanced technologies and higher footfall of patients.
  • Driven by the presence of some of the leading pharmaceutical producers, demand in the Japan Medical Marijuana market will continue increasing at a high pace.

Some of the key highlights covered in the report include:

  • Medical Marijuana Market Demand-Supply Analysis -The report covers detailed insights into demand and supply forces prevailing in the global Medical Marijuana market. It examines trends and factors influencing demand for Medical Marijuana globally and gauges the impact of the same on the production.
  • Medical Marijuana Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.
  • Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.
  • Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for Medical Marijuana across the world.
  • Competitive Analysis – Some of the leading market players are profiled in the report on Medical Marijuana. The report offers estimation of share individually helps by the market players and determines the impact of some of their popular strategies.
  • COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.
  • Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global Medical Marijuana market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Medical Marijuana are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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