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Medical Cannabis Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type, Medical Application, and Geography

  • ID: 5322302
  • Report
  • April 2021
  • Region: Global
  • The Insight Partners
The global medical cannabis market is expected to reach US$ 49,116.4 million by 2028 from US$ 8,926.6 million in 2020. It is estimated to grow at a CAGR of 23.7% from 2020 to 2028.



Developing countries in South and Central America, Asia, and the Middle East & Africa, North America, and Europe have legalized the use and cultivation of medical cannabis. For instance, in 2012, Uruguay became the first country in the world to legalize the recreational use of cannabis. Similarly, in 2014, Brazil authorized the use of medical cannabis, and in 2016, it approved the import of medications based on CBD oil, and products made by THC and marijuana flowers. In 2017, Peru approved a law regulating the medicinal and therapeutic use of cannabis and its derivatives. In the past few years, Mexico, Luxembourg, and Lesotho have joined the list of countries to legalize the use of cannabis for medical applications. In August 2020, Lebanon became the second country in the Middle East, after Israel, to legalize cannabis for medical use. Likewise, in February 2019, Thailand legalized the use of medical cannabis, which is encouraging other Asian countries to change their perspective toward the medical benefits of cannabis.

However, despite widespread legalization for the use of cannabis, its legal cultivation and production has earlier been mostly limited to developing countries. In September 2019, the Ministry of Commerce, Agriculture, and Fisheries of Jamaica announced a partnership with Harvard International Phytomedicines and Medical Cannabis Institute (HIPI) for conducting research on the pharmacological benefits of cannabis. At the same time, Jamaica aims to capitalize on this partnership and utilize this opportunity to grow and develop its national marijuana industry. Moreover, according to the World Health Organization (WHO), ~80% of the world’s population utilizes marijuana or cannabis for medical remedies. Therefore, the growing acceptance, cultivation, and production of cannabis in developing countries is contributing significantly to the growth of the medical cannabis market.

Based on product type, the medical cannabis market is segmented into flower, concentrates, cannabis oil and topical ointments, capsules, tablets and beverages and edibles. In 2019, the flowers segment held the largest share of the medical cannabis market, by product type. However, the beverages and edibles segment is expected to witness the highest CAGR over the coming years.

Based on medical application, the medical cannabis market is segmented into pain management, neurological health management, mental health management, and others. In 2020, the pain management segment held the largest share of the market and is anticipated to witness the fastest CAGR in the medical cannabis market.

Based on compound, the medical cannabis market is segmented into tetrahydrocannabinol (THC)-dominant, cannabidiol (CBD)-dominant, and balanced THC and CBD. In 2020, the THC dominant segment held the largest share of the market and is anticipated to witness fastest growth rate in the medical cannabis market.

Major primary and secondary sources referred to while preparing the report on the medical cannabis market are Council of Scientific and Industrial Research, National Centre for Biological Sciences, The Food and Drug Administration, National Research Foundation, European Observatory on Cannabis Cultivation, South African Health Products Regulatory Authority, and World Health Organization, among others.
Frequently Asked Questions about the Medical Cannabis Market

What is the estimated value of the Medical Cannabis Market?

The Medical Cannabis Market was estimated to be valued at $8926.6 Million in 2020.

What is the growth rate of the Medical Cannabis Market?

The growth rate of the Medical Cannabis Market is 23.7%, with an estimated value of $49116.4 Million by 2028.

What is the forecasted size of the Medical Cannabis Market?

The Medical Cannabis Market is estimated to be worth $49116.4 Million by 2028.

Who are the key companies in the Medical Cannabis Market?

Key companies in the Medical Cannabis Market include Aphria, Inc., Aurora Cannabis, Cannabis Science, Inc., Canopy Growth Corporation, Medical Marijuana, Inc., VIVO Cannabis Inc, Tikun Olam, Tilray and CANVORY.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Medical Cannabis Market - By Product Type
1.3.2 Medical Cannabis Market - By Medical Application
1.3.3 Medical Cannabis Market - By Compound
1.3.4 Medical Cannabis Market- By Geography
2. Medical Cannabis Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Medical Cannabis Market- Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South and Central America PEST Analysis
4.3 Expert Opinion
5. Medical Cannabis Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Approvals for Medical Cannabis Products
5.1.2 Rising Acceptance for Medicinal Use of Cannabis in Developing Countries
5.1.3 Growing Research on Medicinal Use of Cannabis
5.1.4 Escalating Government Funding for Spreading Awareness and Exploring Medicinal Benefits of Cannabis
5.2 Market Restraints
5.2.1 Illegal Use of Cannabis as Street Drug and Misconceptions Regarding Cannabis
5.3 Market Opportunities
5.3.1 Growing Demand for Cannabis During COVID-19
5.4 Future Trends
5.4.1 Widespread Distribution of Medical Cannabis
5.4.2 Continuous Growth of Pharmaceutical Industries Worldwide
5.5 Impact Analysis
6. Medical Cannabis Market- Global Analysis
6.1 Global Medical Cannabis Market Revenue Forecast and Analysis
6.2 Global Medical Cannabis Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Medical Cannabis Market Analysis - By Product Type
7.1 Overview
7.2 Medical Cannabis Market Revenue Share, by Product Type (2020 and 2028)
7.3 Flowers
7.3.1 Overview
7.3.2 Flowers: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Concentrates
7.4.1 Overview
7.4.2 Concentrates: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
7.5 Topical Ointments
7.5.1 Overview
7.5.2 Topical Ointments: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
7.6 Tablets
7.6.1 Overview
7.6.2 Tablets: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
7.7 Capsules
7.7.1 Overview
7.7.2 Capsules: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
7.8 Beverages and Edibles
7.8.1 Overview
7.8.2 Beverages and Edibles: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
8. Medical Cannabis Market Analysis - By Medical Application
8.1 Overview
8.2 Medical Cannabis Market Revenue Share, by Medical Application (2020 and 2028)
8.3 Pain Management
8.3.1 Overview
8.3.2 Pain Management: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Neurological Health Management
8.4.1 Overview
8.4.2 Neurological Health Management: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Mental Health Management
8.5.1 Overview
8.5.2 Mental Health Management: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
9. Medical Cannabis Market- By Compound
9.1 Overview
9.2 Medical Cannabis Market, by Compound, 2020 and 2028 (%)
9.3 Tetrahydrocannabinol (THC)-Dominant
9.3.1 Overview
9.3.2 Tetrahydrocannabinol (THC)-Dominant: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Cannabidiol (CBD)-Dominant
9.4.1 Overview
9.4.2 Cannabidiol (CBD)-Dominant: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Balanced THC and CBD
9.5.1 Overview
9.5.2 Balanced THC and CBD: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
10. Medical Cannabis Market - Geographical Analysis
10.1 North America: Medical Cannabis Market Revenue and Forecast to 2028
10.1.1 Overview
10.1.2 North America: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.1.3 North America: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.1.4 North America: Medical Cannabis Market, by Medical Application, 2019-2028 (USD Million)
10.1.5 North America: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.1.6 North America: Medical Cannabis Market, by Country, 2020 & 2028 (%)
10.1.7 US: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.1.7.1 US: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.1.7.2 US: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.1.7.3 US: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.1.7.4 US: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.1.8 Canada: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.1.8.1 Canada: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.1.8.2 Canada: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.1.8.3 Canada: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.1.8.4 Canada: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.1.9 Mexico: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.1.9.1 Mexico: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.1.9.2 Mexico: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.1.9.3 Mexico: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.1.9.4 Mexico: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.2 Europe: Medical Cannabis Market Revenue and Forecast to 2028
10.2.1 Europe Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.2 Europe Medical Cannabis Market Revenue and Forecast, by Product Type (USD Million)
10.2.3 Europe Medical Cannabis Market Revenue and Forecast, By Medical Application (USD Million)
10.2.4 Europe Medical Cannabis Market Revenue and Forecast, by Compound (USD Million)
10.2.5 Europe Medical Cannabis Market Revenue and Forecast to 2020 to 2028, By Country (%)
10.2.6 UK Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.6.1 UK Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.6.2 UK Medical Cannabis Market Revenue and Forecast, by Product Type (USD Million)
10.2.6.3 UK Medical Cannabis Market Revenue and Forecast, By Medical Application (USD Million)
10.2.6.4 UK Medical Cannabis Market Revenue and Forecast, by Compound (USD Million)
10.2.7 Germany Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.7.1 Germany Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.7.2 Germany Medical Cannabis Market Revenue and Forecast, by Product Type (USD Million)
10.2.7.3 Germany Medical Cannabis Market Revenue and Forecast, By Medical Application (USD Million)
10.2.7.4 Germany Medical Cannabis Market Revenue and Forecast, by Compound (USD Million)
10.2.8 France Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.8.1 France Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.8.2 France Medical Cannabis Market Revenue and Forecast, by Product Type (USD Million)
10.2.8.3 France Medical Cannabis Market Revenue and Forecast, By Medical Application (USD Million)
10.2.8.4 France Medical Cannabis Market Revenue and Forecast, by Compound (USD Million)
10.2.9 Italy Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.9.1 Italy Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.9.2 Italy Medical Cannabis Market Revenue and Forecast, by Product Type (USD Million)
10.2.9.3 Italy Medical Cannabis Market Revenue and Forecast, By Medical Application (USD Million)
10.2.9.4 Italy Medical Cannabis Market Revenue and Forecast, by Compound (USD Million)
10.2.10 Spain Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.10.1 Spain Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.10.2 Spain Medical Cannabis Market Revenue and Forecast, by Product Type (USD Million)
10.2.10.3 Spain Medical Cannabis Market Revenue and Forecast, by Compound (USD Million)
10.2.11 Rest of Europe Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.11.1 Rest of Europe Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
10.2.11.2 Rest of Europe Medical Cannabis Market Revenue and Forecast, by Product Type (USD Million)
10.2.11.3 Rest of Europe Medical Cannabis Market Revenue and Forecast, By Medical Application (USD Million)
10.2.11.4 Rest of Europe Medical Cannabis Market Revenue and Forecast, by Compound (USD Million)
10.3 Asia Pacific: Medical Cannabis Market Revenue and Forecast to 2028
10.3.1 Asia Pacific: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.2 Asia Pacific: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.3.3 Asia Pacific: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.3.4 Asia Pacific: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.3.5 Asia Pacific: Medical Cannabis Market, by Country, 2020 & 2028 (%)
10.3.6 China: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.6.1 China: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.6.2 China: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.3.6.3 China: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.3.6.4 China: Medical Cannabis Market, by Compound, 2020-2028 (USD Million)
10.3.7 Japan: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million
10.3.7.1 Japan: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.7.2 Japan: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.3.7.3 Japan: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.3.7.4 Japan: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.3.8 India: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.8.1 India: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.8.2 India: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.3.8.3 India: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.3.8.4 India: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.3.9 South Korea: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.9.1 South Korea: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.9.2 South Korea: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.3.9.3 South Korea: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.3.9.4 South Korea: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.3.10 Australia: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.10.1 Australia: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.10.2 Australia: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.3.10.3 Australia: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.3.10.4 Australia: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.3.11 Rest of Asia Pacific: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.11.1 Rest of Asia Pacific: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.3.11.2 Rest of Asia Pacific: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.3.11.3 Rest of Asia Pacific: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.3.11.4 Rest of Asia Pacific: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.4 Middle East & Africa: Medical Cannabis Market Revenue and Forecast to 2028
10.4.1 Overview
10.4.2 Middle East and Africa: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.4.3 Middle East and Africa: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.4.4 Middle East and Africa: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.4.5 Middle East and Africa: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.4.6 Middle East and Africa: Medical Cannabis Market, by Country, 2020 & 2028 (%)
10.4.7 Saudi Arabia: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.4.7.1 Saudi Arabia: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.4.7.2 Saudi Arabia: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.4.7.3 Saudi Arabia Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.4.7.4 Saudi Arabia: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.4.8 UAE: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.4.8.1 UAE: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.4.8.2 UAE: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.4.8.3 UAE: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.4.8.4 UAE: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.4.9 South Africa: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.4.9.1 South Africa: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.4.9.2 South Africa: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.4.9.3 South Africa: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.4.9.4 South Africa: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.4.10 Rest of Middle East and Africa: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.4.10.1 Rest of Middle East and Africa: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
10.4.10.2 Rest of Middle East and Africa: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.4.10.3 Rest of Middle East and Africa: Medical Cannabis Market, by Application, 2019-2028 (USD Million)
10.4.10.4 Rest of Middle East and Africa: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.5 South and Central America: Medical Cannabis Market Revenue and Forecast to 2028
10.5.1 South and Central America: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.5.2 South and Central America: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.5.3 South and Central America: Medical Cannabis Market, by Medical Application, 2019-2028 (USD Million)
10.5.4 South and Central America: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.5.5 South and Central America: Medical Cannabis Market, by Country, 2020 & 2028 (%)
10.5.6 Brazil: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.5.6.1 Brazil: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.5.6.2 Brazil: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.5.6.3 Brazil: Medical Cannabis Market, by Medical Application, 2019-2028 (USD Million)
10.5.6.4 Brazil: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.5.7 Argentina: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.5.7.1 Argentina: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.5.7.2 Argentina: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.5.7.3 Argentina: Medical Cannabis Market, by Medical Application, 2019-2028 (USD Million)
10.5.7.4 Argentina: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
10.5.8 Rest of South and Central America: Medical Cannabis Market- Revenue and Forecasts to 2028 (USD Million)
10.5.8.1 Rest of South and Central America: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
10.5.8.2 Rest of South and Central America: Medical Cannabis Market, by Product Type, 2019-2028 (USD Million)
10.5.8.3 Rest of South and Central America: Medical Cannabis Market, by Medical Application, 2019-2028 (USD Million)
10.5.8.4 Rest of South and Central America: Medical Cannabis Market, by Compound, 2019-2028 (USD Million)
11. Impact of COVID-19 Pandemic on Global Medical Cannabis Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.3.2 Organic Developments Done by Companies
12.4 Inorganic Developments
12.4.1 Overview
12.4.2 Inorganic Developments Done by Companies
13. Company Profiles
13.1 Aphria, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Aurora Cannabis
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cannabis Science, Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Canopy Growth Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Medical Marijuana, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 VIVO Cannabis Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Tikun Olam
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tilray
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 The Cronos Group
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 CANVORY
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Glossary of Terms
List of Tables
Table 1. North America Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 2. North America Medical Cannabis Market, by Medical Application - Revenue and Forecast to 2028 (USD Million)
Table 3. North America Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 4. US Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 5. US: Medical Cannabis Market, by Application-- Revenue and Forecast to 2028 (USD Million)
Table 6. US Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Medical Cannabis Market, by Product type - Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 13. Europe Medical Cannabis Market Revenue and Forecast to 2028, By Product Type (USD Million)
Table 14. Europe Medical Cannabis Market Revenue and Forecast To 2028, By Medical Application (USD Million)
Table 15. Europe Medical Cannabis Market Revenue and Forecast to 2028, By Compound (USD Million)
Table 16. UK Medical Cannabis Market Revenue and Forecast to 2028, By Product Type (USD Million)
Table 17. UK Medical Cannabis Market Revenue and Forecast to 2028, By Medical Application (USD Million)
Table 18. UK Medical Cannabis Market Revenue and Forecast to 2028, By Compound (USD Million)
Table 19. Germany Medical Cannabis Market Revenue and Forecast to 2028, By Product Type (USD Million)
Table 20. Germany Medical Cannabis Market Revenue and Forecast to 2028, By Medical Application (USD Million)
Table 21. Germany Medical Cannabis Market Revenue and Forecast to 2028, By Compound (USD Million)
Table 22. France Medical Cannabis Market Revenue and Forecast to 2028, By Product Type (USD Million)
Table 23. France Medical Cannabis Market Revenue and Forecast to 2028, By Medical Application (USD Million)
Table 24. France Medical Cannabis Market Revenue and Forecast to 2028, By Compound (USD Million)
Table 25. Italy Medical Cannabis Market Revenue and Forecast to 2028, By Product Type (USD Million)
Table 26. Italy Medical Cannabis Market Revenue and Forecast To 2028, By Medical Application (USD Million)
Table 27. Italy Medical Cannabis Market Revenue and Forecast to 2028, By Compound (USD Million)
Table 28. Spain Medical Cannabis Market Revenue and Forecast to 2028, By Product Type (USD Million)
Table 29. Spain Medical Cannabis Market Revenue and Forecast, By Medical Application (USD Million)
Table 30. Spain Medical Cannabis Market Revenue and Forecast To 2028, By Medical Application (USD Million)
Table 31. Spain Medical Cannabis Market Revenue and Forecast to 2028, By Compound (USD Million)
Table 32. Rest of Europe Medical Cannabis Market Revenue and Forecast to 2028, By Product Type (USD Million)
Table 33. Rest of Europe Medical Cannabis Market Revenue and Forecast To 2028, By Medical Application (USD Million)
Table 34. Rest of Europe Medical Cannabis Market Revenue and Forecast to 2028, By Compound (USD Million)
Table 35. Asia Pacific Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 36. Asia Pacific Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 37. Asia Pacific Medical Cannabis Market, by Compound- Revenue and Forecast to 2028 (USD Million)
Table 38. China Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 39. China Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 40. China Medical Cannabis Market, by Compound- Revenue and Forecast to 2028 (USD Million)
Table 41. Japan Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 42. Japan Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 43. Japan Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 44. India Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 45. India Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 46. India Medical Cannabis Market, by Compound- Revenue and Forecast to 2028 (USD Million)
Table 47. South Korea Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 48. South Korea Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 49. South Korea Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 50. Australia Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 51. Australia Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 52. Australia Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 53. Rest of Asia Pacific Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of Asia Pacific Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 55. Rest of Asia Pacific Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 56. Middle East and Africa Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 57. Middle East and Africa Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 58. Middle East and Africa Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 59. Saudi Arabia Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 60. Saudi Arabia Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 61. Saudi Arabia Medical Cannabis Market, by Compound- Revenue and Forecast to 2028 (USD Million)
Table 62. UAE Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 63. UAE Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 64. UAE Medical Cannabis Market, by Compound- Revenue and Forecast to 2028 (USD Million)
Table 65. South Africa Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 66. South Africa Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 67. South Africa Medical Cannabis Market, by Compound- Revenue and Forecast to 2028 (USD Million)
Table 68. Rest of Middle East and Africa Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 69. Rest of Middle East and Africa Medical Cannabis Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 70. Rest of Middle East and Africa Medical Cannabis Market, by Compound- Revenue and Forecast to 2028 (USD Million)
Table 71. South and Central America Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 72. South and Central America: Medical Cannabis Market, by Medical Application - Revenue and Forecast to 2028 (USD Million)
Table 73. South and Central America: Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 74. Brazil: Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 75. Brazil Medical Cannabis Market, by Medical Application - Revenue and Forecast to 2028 (USD Million)
Table 76. Brazil: Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 77. Argentina: Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 78. Argentina: Medical Cannabis Market, by Medical Application - Revenue and Forecast to 2028 (USD Million)
Table 79. Argentina: Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 80. Rest of South and Central America Medical Cannabis Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 81. Rest of South and Central America: Medical Cannabis Market, by Medical Application - Revenue and Forecast to 2028 (USD Million)
Table 82. Rest of South and Central America: Medical Cannabis Market, by Compound - Revenue and Forecast to 2028 (USD Million)
Table 83. Glossary of Terms, Medical Cannabis Market
List of Figures
Figure 1. Medical Cannabis Market Segmentation
Figure 2. Medical Cannabis Segmentation, By Region
Figure 3. Global Medical Cannabis Market Overview
Figure 4. Flowers Held Largest Share of Product Type Segment in Medical Cannabis Market
Figure 5. North America to Show Remarkable Growth During Forecast Period
Figure 6. Medical Cannabis Market, by Geography (US$ Million)
Figure 7. Global Medical Cannabis Market- Leading Country Markets (US$ Million)
Figure 8. Global Medical Cannabis Market, Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. Middle East and Africa: PEST Analysis
Figure 13. South and Central America: PEST Analysis
Figure 14. Expert Opinion
Figure 15. Medical Cannabis Market Impact Analysis of Drivers and Restraints
Figure 16. Global Medical Cannabis Market- Revenue Forecast and Analysis - 2020- 2028
Figure 17. Global Medical Cannabis Market- By Geography Forecast and Analysis - 2020- 2028
Figure 18. Market Positioning of Key Players in Global Medical Cannabis Market
Figure 19. Medical Cannabis Market Revenue Share, by Product Type (2020 and 2028)
Figure 20. Flowers: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Concentrates: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. Topical Ointments: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Tablets: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Capsules: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. Beverages and Edibles: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 26. Medical Cannabis Market Revenue Share, by Medical Application (2020 and 2028)
Figure 27. Pain Management: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 28. Neurological Health Management: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mental Health Management: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 30. Others: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 31. Medical Cannabis Market, by Compound, 2020 and 2028 (%)
Figure 32. Tetrahydrocannabinol (THC)-Dominant: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 33. Cannabidiol (CBD)-Dominant: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 34. Balanced THC and CBD: Medical Cannabis Market- Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America: Medical Cannabis Market, by Key Country - Revenue (2020) (USD Million)
Figure 36. North America Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
Figure 37. North America: Medical Cannabis Market, by Country, 2020 & 2028 (%)
Figure 38. US: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
Figure 39. Canada: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
Figure 40. Mexico: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
Figure 41. Europe Medical Cannabis Market Revenue, By Country, 2020 (US$ MN)
Figure 42. Europe Medical Cannabis Market Revenue and Forecast To 2028 (USD Million)
Figure 43. Europe Medical Cannabis Market Revenue and Forecast 2020 to 2028, By Country (%)
Figure 44. UK Medical Cannabis Market Revenue and Forecast To 2028 (USD Million)
Figure 45. Germany Medical Cannabis Market Revenue and Forecast To 2028 (USD Million)
Figure 46. France Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
Figure 47. Italy Medical Cannabis Market Revenue and Forecast To 2028 (USD Million)
Figure 48. Spain Medical Cannabis Market Revenue and Forecast To 2027 (USD Million)
Figure 49. Rest of Europe Medical Cannabis Market Revenue and Forecast To 2028 (USD Million)
Figure 50. Asia Pacific: Medical Cannabis Market, by Key Country - Revenue (2020) (USD Million)
Figure 51. Asia Pacific Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
Figure 52. Asia Pacific: Medical Cannabis Market, by Country, 2020 & 2028 (%)
Figure 53. China: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 54. Japan: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 55. India: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 56. South Korea: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 57. Australia: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 58. Rest of Asia Pacific: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 59. Middle East and Africa: Medical Cannabis Market, by Key Country - Revenue (2020) (USD Million)
Figure 60. Middle East and Africa Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
Figure 61. Middle East and Africa: Medical Cannabis Market, by Country, 2020 & 2028 (%)
Figure 62. Saudi Arabia: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 63. UAE: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 64. South Africa: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 65. Rest of Middle East and Africa: Medical Cannabis Market- Revenue and Forecast to 2028 (USD Million)
Figure 66. South and Central America: Medical Cannabis Market, by Key Country - Revenue (2020) (USD Million)
Figure 67. South and Central America: Medical Cannabis Market Revenue and Forecast to 2028 (USD Million)
Figure 68. South and Central America: Medical Cannabis Market, by Country, 2020 & 2028 (%)
Figure 69. Brazil: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
Figure 70. Argentina: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
Figure 71. Rest of South and Central America: Medical Cannabis Market - Revenue and Forecast to 2028 (USD Million)
Figure 72. Impact of COVID-19 Pandemic on Medical Cannabis Market in North American Countries
Figure 73. Impact of COVID-19 Pandemic on Medical Cannabis Market in European Countries
Figure 74. Impact of COVID-19 Pandemic on Medical Cannabis Market in Asia Pacific Countries
Figure 75. Impact of COVID-19 Pandemic on Medical Cannabis Market in Middle East and African Countries
Figure 76. Impact of COVID-19 Pandemic on Medical Cannabis Market in South and Central American Countries
Figure 77. Growth Strategies Done by the Companies in the Market, (%)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aphria, Inc.
  • Aurora Cannabis
  • Cannabis Science, Inc.
  • Canopy Growth Corporation
  • Medical Marijuana, Inc.
  • VIVO Cannabis Inc
  • Tikun Olam
  • Tilray
  • The Cronos Group
  • CANVORY