Medical Marijuana Market Size | 2021 Industry Analysis By Covid-19 Impact, Growth, Developments, Share, Trends, Regional, And Global Forecast To 2026

Medical Marijuana Market | 2021 Global Analysis By Size, Growth Insights, Developments, Emerging Technologies, Share, Key Players, Trends, Regional Outlook And Global Industry Forecast To 2026 is latest study published by Fortune Business Insights. The Global Medical Marijuana Industry expected to Reach USD 26,920.4 million value, at CAGR of 20.4% by 2026. Medical Marijuana Industry is segmented By Application (Pain Disorders, Cancer, and Others), By Type (Flowers, Concentrates, Edibles and Others), By Distribution Channel (Dispensaries, Online Channel, and Others), and Regional Forecast, 2019-2026.

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Key Companies Studied In Report:

• Canopy Growth Corporation
• Aurora Cannabis
• Aphria Inc.
• CannTrust Holdings
• GW Pharmaceuticals
• MedReleaf Corp
• ABcann Medicinals, Inc.
• Emerald Health Therapeutics
• Green Relief Inc.
• The Cronos Group
• Medical Marijuana, Inc.

Global Medical Marijuana Market Highlights:

The global medical marijuana market size is expected to reach USD 26,920.4 million by 2026, owing to the increasing demand for decriminalization of marijuana in most parts of the world. Medical cannabis or medical marijuana is extracted from the marijuana plant and can be used for treating certain illnesses and health conditions. But due to government restrictions, the use of marijuana as a medicinal drug is not tested rigorously.

The increasing demand for legalization of medical cannabis across various states is a major medical marijuana market growth driver. Besides this, the rising prevalence of diseases such as Parkinson’s disease, cancer, neurological disorders, and acute pain diseases is also expected to aid in expansion of the market in the forecast period. On the contrary, increasing application of marijuana beyond the required dose may result in side effects such as hallucinations, dizziness, low blood pressure, and others. This may stand as a major challenge to the market in the long run.

The rapid developmental pace of medical marijuana and its wide expansion has propelled many players to enter into this market and make heavy investments in research and development of the same. Although the most crucial part is its production and cultivation, significant medical marijuana market revenue is derived from the pharmacological organizations. Besides this, with the increasing number of marijuana legalization in various states, more and more players are entering into the market to make their mark in the competition. Existing players are focusing on geographical expansion for gaining a competitive edge in the market in the forthcoming years.

Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Medical Marijuana market to figure out and study the market’s needs, market size, and competition.

Regional Analysis:

• North America (the USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)

Geographically, North America earned the maximum medical marijuana market share with a revenue of USD 5,994.9 million earned in 2018, that is anticipated to reach USD 24,578.3 million by the end of 2026.Growth of this region is attributed to the rise in the number of legalization of marijuana for both medical and recreational purposes, coupled with the presence of major vendors in the region. Europe ranks second in terms of cannabis cultivation and is expected to witness significant growth owing to the increasing investments for research activities by many public and private entities in the forthcoming years.

Furthermore, the market in Latin America and the Rest of the World is anticipated to witness lucrative business opportunities in the years to follow. This is owing to the rise in prevalence of chronic ailments, psychiatric disorders, acute pain diseases and the increasing awareness about the medicinal benefits of cannabis.

This report focuses on Medical Marijuana Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

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Medical Marijuana Highlights of the Report:

1. Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
2. Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market

Competitive Analysis And Industry News:

Major companies in the global Medical Marijuana Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends and drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Medical Marijuana Industry.

Key questions answered in the report:

1. What will the market growth rate of Medical Marijuana Market in 2026?
2. What are the key factors driving the global Medical Marijuana Market?
3. Who are the key manufacturers in Medical Marijuana Market space?
4. What are the market opportunities, market risk and market overview of the Medical Marijuana Global market?
5. What are sales, revenue, and price analysis of top manufacturers of Medical Marijuana Global market?
6. What are sales, revenue, and price analysis by types and applications of Medical Marijuana Market?
7. What are sales, revenue, and price analysis by regions of Medical Marijuana market?

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Table of Content:

1 Market Overview

1.1 Medical Marijuana Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook (2020-2026)

1.4.1.2 Canada Market States and Outlook (2020-2026)

1.4.1.3 Mexico Market States and Outlook (2020-2026)

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook (2020-2026)

1.4.2.2 France Market States and Outlook (2020-2026)

1.4.2.3 UK Market States and Outlook (2020-2026)

1.4.2.4 Russia Market States and Outlook (2020-2026)

1.4.2.5 Italy Market States and Outlook (2020-2026)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook (2020-2026)

1.4.3.2 Japan Market States and Outlook (2020-2026)

1.4.3.3 Korea Market States and Outlook (2020-2026)

1.4.3.4 India Market States and Outlook (2020-2026)

1.4.3.5 Southeast Asia Market States and Outlook (2020-2026)

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook (2020-2026)

1.4.4.2 Egypt Market States and Outlook (2020-2026)

1.4.4.3 Saudi Arabia Market States and Outlook (2020-2026)

1.4.4.4 South Africa Market States and Outlook (2020-2026)

1.4.4.5 Turkey Market States and Outlook (2020-2026)

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

3 Global Medical Marijuana Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)

3.1 Global Medical Marijuana Sales and Market Share by Manufacturer (2017-2018)

3.2 Global Medical Marijuana Revenue and Market Share by Manufacturer (2017-2018)

3.3 Market Concentration Rate

3.3.1 Top 3 Medical Marijuana Manufacturer Market Share in 2018

3.3.2 Top 6 Medical Marijuana Manufacturer Market Share in 2018

3.4 Market Competition Trend

4 Global Medical Marijuana Market Analysis by Regions

4.1 Global Medical Marijuana Sales, Revenue and Market Share by Regions

4.1.1 Global Medical Marijuana Sales and Market Share by Regions (2020-2026)

4.1.2 Global Medical Marijuana Revenue and Market Share by Regions (2020-2026)

4.2 North America Medical Marijuana Sales and Growth Rate (2020-2026)

4.3 Europe Medical Marijuana Sales and Growth Rate (2020-2026)

4.4 Asia-Pacific Medical Marijuana Sales and Growth Rate (2020-2026)

4.5 South America Medical Marijuana Sales and Growth Rate (2020-2026)

4.6 Middle East and Africa Medical Marijuana Sales and Growth Rate (2020-2026)

5 North America Medical Marijuana by Country

5.1 North America Medical Marijuana Sales, Revenue and Market Share by Country

5.1.1 North America Medical Marijuana Sales and Market Share by Country (2020-2026)

5.1.2 North America Medical Marijuana Revenue and Market Share by Country (2020-2026)

5.2 United States Medical Marijuana Sales and Growth Rate (2020-2026)

5.3 Canada Medical Marijuana Sales and Growth Rate (2020-2026)

5.4 Mexico Medical Marijuana Sales and Growth Rate (2020-2026)

8 South America Medical Marijuana by Country

8.1 South America Medical Marijuana Sales, Revenue and Market Share by Country

8.1.1 South America Medical Marijuana Sales and Market Share by Country (2020-2026)

8.1.2 South America Medical Marijuana Revenue and Market Share by Country (2020-2026)

8.2 Brazil Medical Marijuana Sales and Growth Rate (2020-2026)

8.3 Argentina Medical Marijuana Sales and Growth Rate (2020-2026)

8.4 Colombia Medical Marijuana Sales and Growth Rate (2020-2026)

9 Middle East and Africa Medical Marijuana by Countries

9.1 Middle East and Africa Medical Marijuana Sales, Revenue and Market Share by Country

9.1.1 Middle East and Africa Medical Marijuana Sales and Market Share by Country (2020-2026)

9.1.2 Middle East and Africa Medical Marijuana Revenue and Market Share by Country (2020-2026)

9.2 Saudi Arabia Medical Marijuana Sales and Growth Rate (2020-2026)

9.3 Turkey Medical Marijuana Sales and Growth Rate (2020-2026)

9.4 Egypt Medical Marijuana Sales and Growth Rate (2020-2026)

9.5 Nigeria Medical Marijuana Sales and Growth Rate (2020-2026)

10 Medical Marijuana Market In Developing Countries

11 South America Medical Marijuana Market Analysis by Countries

12 Competitive Landscape

13 Industry Outlook

13.1 Market Driver Analysis

13.1.2 Market Restraints Analysis

13.1.3 Market Trends Analysis

13.2 Merger, Acquisition and New Investment

13.3 News of Product Release

14 Global Medical Marijuana Market Forecast

15 New Project Feasibility Analysis

15.1 Industry Barriers and New Entrants SWOT Analysis

15.1.1 Porter’s Five Forces Analysis

15.1.2 New Entrants SWOT Analysis

15.2 Analysis and Suggestions on New Project Investment

Continued…

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