Global medical marijuana market 2024-2028

Description

List of Tables

The medical marijuana market is forecasted to grow by USD 39812.1 mn during 2023-2028, accelerating at a CAGR of 29.52% during the forecast period. The report on the medical marijuana market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising number of product launches, increasing number of medical marijuana dispensaries, and increasing legalization of marijuana.

Technavio's medical marijuana market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	21.89%
CAGR	29.52%
Incremental Value	$39812.1mn

ByType

Oil and tinctures
Flower

ByProduct

Chronic pain
Nausea
Others

ByGeography

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the increasing number of awareness campaigns as one of the prime reasons driving the medical marijuana market growth during the next few years. Also, the launch of medical marijuana education programs and the growing millennial population in key cannabis markets will lead to sizable demand in the market.

The report on the medical marijuana market covers the following areas:

Medical marijuana market sizing
Medical marijuana market forecast
Medical marijuana market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical marijuana market vendors that include Aurora Cannabis Inc., Canopy Growth Corp., Cresco Labs LLC, Cronos Group Inc., CV Sciences Inc., Etain LLC, HEXO Corp., Isodiol International Inc., Jazz Pharmaceuticals Plc, Khiron Life Sciences Corp., Maricann Group Inc, Medical Marijuana Inc., MediPharm Labs Inc., Organigram Holdings Inc., Phoena Holdings Inc, Skye Bioscience Inc., Tikun Olam, Tilray Brands Inc., Trevena Inc, and Verano Holdings LLC. Also, the medical marijuana market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR40220

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Medical Marijuana Market 2018 - 2022
- Historic Market Size - Data Table on Global Medical Marijuana Market 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Oil and tinctures - Market size and forecast 2023-2028
- Chart on Oil and tinctures - Market size and forecast 2023-2028 ($ million)
- Data Table on Oil and tinctures - Market size and forecast 2023-2028 ($ million)
- Chart on Oil and tinctures - Year-over-year growth 2023-2028 (%)
- Data Table on Oil and tinctures - Year-over-year growth 2023-2028 (%)
6.4 Flower - Market size and forecast 2023-2028
- Chart on Flower - Market size and forecast 2023-2028 ($ million)
- Data Table on Flower - Market size and forecast 2023-2028 ($ million)
- Chart on Flower - Year-over-year growth 2023-2028 (%)
- Data Table on Flower - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
7.3 Chronic pain - Market size and forecast 2023-2028
- Chart on Chronic pain - Market size and forecast 2023-2028 ($ million)
- Data Table on Chronic pain - Market size and forecast 2023-2028 ($ million)
- Chart on Chronic pain - Year-over-year growth 2023-2028 (%)
- Data Table on Chronic pain - Year-over-year growth 2023-2028 (%)
7.4 Nausea - Market size and forecast 2023-2028
- Chart on Nausea - Market size and forecast 2023-2028 ($ million)
- Data Table on Nausea - Market size and forecast 2023-2028 ($ million)
- Chart on Nausea - Year-over-year growth 2023-2028 (%)
- Data Table on Nausea - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Aurora Cannabis Inc.
- Aurora Cannabis Inc. - Overview
- Aurora Cannabis Inc. - Business segments
- Aurora Cannabis Inc. - Key news
- Aurora Cannabis Inc. - Key offerings
- Aurora Cannabis Inc. - Segment focus
12.4 Canopy Growth Corp.
- Canopy Growth Corp. - Overview
- Canopy Growth Corp. - Business segments
- Canopy Growth Corp. - Key news
- Canopy Growth Corp. - Key offerings
- Canopy Growth Corp. - Segment focus
12.5 Cresco Labs LLC
- Cresco Labs LLC - Overview
- Cresco Labs LLC - Product / Service
- Cresco Labs LLC - Key offerings
12.6 Cronos Group Inc.
- Cronos Group Inc. - Overview
- Cronos Group Inc. - Business segments
- Cronos Group Inc. - Key news
- Cronos Group Inc. - Key offerings
- Cronos Group Inc. - Segment focus
12.7 Etain LLC
- Etain LLC - Overview
- Etain LLC - Product / Service
- Etain LLC - Key offerings
12.8 HEXO Corp.
- HEXO Corp. - Overview
- HEXO Corp. - Product / Service
- HEXO Corp. - Key offerings
12.9 Jazz Pharmaceuticals Plc
- Jazz Pharmaceuticals Plc - Overview
- Jazz Pharmaceuticals Plc - Product / Service
- Jazz Pharmaceuticals Plc - Key news
- Jazz Pharmaceuticals Plc - Key offerings
12.10 Khiron Life Sciences Corp.
- Khiron Life Sciences Corp. - Overview
- Khiron Life Sciences Corp. - Business segments
- Khiron Life Sciences Corp. - Key offerings
- Khiron Life Sciences Corp. - Segment focus
12.11 Maricann Group Inc
- Maricann Group Inc - Overview
- Maricann Group Inc - Product / Service
- Maricann Group Inc - Key offerings
12.12 Medical Marijuana Inc.
- Medical Marijuana Inc. - Overview
- Medical Marijuana Inc. - Product / Service
- Medical Marijuana Inc. - Key offerings
12.13 MediPharm Labs Inc.
- MediPharm Labs Inc. - Overview
- MediPharm Labs Inc. - Product / Service
- MediPharm Labs Inc. - Key offerings
12.14 Tikun Olam
- Tikun Olam - Overview
- Tikun Olam - Product / Service
- Tikun Olam - Key offerings
12.15 Tilray Brands Inc.
- Tilray Brands Inc. - Overview
- Tilray Brands Inc. - Business segments
- Tilray Brands Inc. - Key news
- Tilray Brands Inc. - Key offerings
- Tilray Brands Inc. - Segment focus
12.16 Trevena Inc
- Trevena Inc - Overview
- Trevena Inc - Product / Service
- Trevena Inc - Key offerings
12.17 Verano Holdings LLC
- Verano Holdings LLC - Overview
- Verano Holdings LLC - Business segments
- Verano Holdings LLC - Key offerings
- Verano Holdings LLC - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations