Infographics - Medicinal Cannabis Market

The global medicinal cannabis market size is valued at USD 19.44 BN in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 22.9% from 2024 to 2031. Medicinal cannabis, also known as medical marijuana, refers to using the whole unprocessed marijuana plant or its basic extracts to treat diseases or improve symptoms. It contains several mind-altering chemical compounds that can relieve pain, nausea, anxiety, and other symptoms in patients with conditions including cancer, Alzheimer's, Parkinson's, epilepsy, and chronic pain. The increasing legalization of medicinal cannabis in major markets like the U.S. and various countries in Europe and Latin America is expected to boost the demand for cannabis-based pharmaceutical and wellness products over the coming years. Moreover, active research in clinical trials to explore the medicinal benefits of various cannabinoids is likely to propel the adoption of medicinal cannabis globally.

Market Dynamics:

The global medicinal cannabis market is primarily driven by the rising legalization of cannabis for medical use across countries, growing patient pool for chronic pain, and other medical applications, increasing public awareness about the therapeutic benefits of cannabis, and ongoing research & development for cannabinoid-based pharmaceutical formulations. However, challenges around social acceptance, strict regulations, and limitations on cannabis distribution channels remain barriers to rapid market growth. Opportunities exist in expanding access to medical cannabis in emerging economies, launching innovative delivery methods, developing synthetic cannabinoid drugs with medical advantages, and integrating cannabis extracts into nutraceuticals and functional foods.

Key Features of the Study:

This report provides an in-depth analysis of the global medicinal cannabis market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global medicinal cannabis market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study BOL Pharma, Tilray, Medreleaf Corporation, Aurora Cannabis Inc., Canopy Growth Corporation, Insys Therapeutics Inc., Aphria Inc., MGC Pharmaceuticals Limited, GW Pharmaceuticals plc., Medical Marijuana Inc, Enveric Biosciences, Pascal Biosciences, Realize Therapeutics, Celadon Pharmaceuticals Plc., MAK Scientific LLC, MIRA Pharmaceuticals, and Cardiol Therapeutics.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global medicinal cannabis market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medicinal cannabis market

Market Segmentation

Product Type:
- Flower
- Concentrates
- Edibles
- Topicals & Transdermals
- Others
Compound:
- Tetrahydrocannabinol (THC)
- Cannabidiol (CBD)
Application:
- Cancer
- Arthritis
- Chronic Pain
- Parkinson’s Disease
- Epilepsy
- Others
Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- BOL Pharma
- Tilray
- Medreleaf Corporation
- Aurora Cannabis Inc.
- Canopy Growth Corporation
- Insys Therapeutics Inc.
- Aphria Inc.
- MGC Pharmaceuticals Limited
- GW Pharmaceuticals plc.
- Medical Marijuana Inc
- Enveric Biosciences
- Pascal Biosciences
- Realize Therapeutics
- Celadon Pharmaceuticals Plc.
- MAK Scientific LLC
- MIRA Pharmaceuticals
- Cardiol Therapeutics

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
Market Overview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snapshot, By Product Type
  - Market Snapshot, By Compound
  - Market Snapshot, By Application
  - Market Snapshot, By Distribution Channel
  - Market Snapshot, By Region
  - Market Scenario - Conservative, Likely, Opportunistic
- Market Opportunity Map
Key Insights
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- Impact Analysis
- Pest Analysis
- Porters Analysis
- Technological Advancements
- Merger, Acquisition and Collaboration Scenario
- Recent Product Approvals
- Company Market Share Analysis
- Regulatory Scenario
- Pricing Analysis
- COVID-19 Impact Analysis
Global Medicinal Cannabis Market, By Product Type, 2019 - 2031 (US$ Billion)
- Introduction
  - Market Share (%) Analysis, 2024, 2027 & 2031
  - Market Y-o-Y Growth Comparison (%), 2020 - 2031
  - Segment Trends
- Flower, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Concentrates, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Edibles, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Topicals & Transdermals, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Others, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
Global Medicinal Cannabis Market, By Compound, 2019 - 2031 (US$ Billion)
- Introduction
  - Market Share (%) Analysis, 2024, 2027 & 2031
  - Market Y-o-Y Growth Comparison (%), 2020 - 2031
  - Segment Trends
- Tetrahydrocannabinol (THC), 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Cannabidiol (CBD), 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
Global Medicinal Cannabis Market, By Application, 2019 - 2031 (US$ Billion)
- Introduction
  - Market Share (%) Analysis, 2024, 2027 & 2031
  - Market Y-o-Y Growth Comparison (%), 2020 - 2031
  - Segment Trends
- Cancer, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Arthritis, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Chronic Pain, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Parkinson’s Disease, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Epilepsy, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Others, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
Global Medicinal Cannabis Market, By Distribution Channel, 2019 - 2031 (US$ Billion)
- Introduction
  - Market Share (%) Analysis, 2024, 2027 & 2031
  - Market Y-o-Y Growth Comparison (%), 2020 - 2031
  - Segment Trends
- Hospital Pharmacies, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Retail Pharmacies, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
- Online Pharmacies, 2019 - 2031(US$ Billion)
  - Introduction
  - Market Size and Forecast, 2019 - 2031, (US$ Billion)
Global Medicinal Cannabis Market, By Region, 2019 - 2031 (US$ Billion)
- Introduction
  - Market Share (%) Analysis, 2024, 2027 & 2031, (US$ Billion)
  - Market Y-o-Y Growth Comparison (%), 2024 - 2031, (US$ Billion)
  - Regional Trends
- North America
  - Introduction
  - Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Compound, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
    - U.S.
    - Canada
- Europe
  - Introduction
  - Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Compound, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
    - U.K.
    - Germany
    - Italy
    - France
    - Spain
    - Russia
    - Rest Of Europe
- Asia Pacific
  - Introduction
  - Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Compound, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - Asean
    - Rest Of Asia Pacific
- Latin America
  - Introduction
  - Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Compound, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
    - Brazil
    - Mexico
    - Argentina
- Middle East
  - Introduction
  - Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Compound, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
    - GCC
    - Israel
    - Rest Of The Middle East
- Africa
  - Introduction
  - Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Compound, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, By Country/Region, 2019 - 2031, (US$ Billion)
    - South Africa
    - North Africa
    - Central Africa
Competitive Landscape
- Competitive Snapshot
- What Market Participants are Saying?
- Competitive Dashboard
- Company Market Share Analysis, 2024 - Global
Company Profiles - Global Medicinal Cannabis Market
- BOL Pharma*
  - Company Overview
  - Product/Service Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategic Overview
- Tilray
- Medreleaf Corporation
- Aurora Cannabis Inc.
- Canopy Growth Corporation
- Insys Therapeutics Inc.
- Aphria Inc.
- MGC Pharmaceuticals Limited
- GW Pharmaceuticals plc.
- Medical Marijuana Inc
- Enveric Biosciences
- Pascal Biosciences
- Realize Therapeutics
- Celadon Pharmaceuticals Plc.
- MAK Scientific LLC
- MIRA Pharmaceuticals
- Cardiol Therapeutics
Wheel of Fortune
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact

View Our Licence Options

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request Discount