Medical Cannabis Market Size, Share, Growth Analysis 2030

 

The global Medical Cannabis Market size was valued at US$ 8,432.25 million in 2023 and is expected to reach US$ 37,159.76 million by 2030, at a CAGR of 23.6% during the forecast period 2024-2030. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the Medical Cannabis Market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.  

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The global Medical Cannabis Market segmentation:
1) By Product Type: Cannabidiol, Tetrahydrocannabinol, Others.
2) By Application: Nausea and Vomiting, Pain, Epilepsy, Multiple Sclerosis, Arthritis, Others.
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Others.

The primary factors of the Medical Cannabis Market drivers are treatment of chronic diseases in developed and developing countries is a major factor surge the growth of the market. The Medical Cannabis Market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.

The Medical Cannabis Market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the Medical Cannabis Market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.

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The important profiles and strategies adopted by the Medical Cannabis Market key players are Canopy Growth Corporation, Aurora Medical Cannabis Inc., GW Pharmaceuticals, Cannimed, Ltd., Aphria Inc., Emerald Health Ltd., Tilray Inc., Medreleaf Corporation, Medical Marijuana, Inc., Insys Therapeutics, Inc., Green Relief Inc., Cannabis Sativa, Inc., Vico Cannabis, Inc., Chronos Group, Inc., Organisms Holding, Inc., Curaleaf Holdings, inc. is covered here to help them in strengthening their place in the market.

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