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Global Medical Marijuana Market Trends/Analysis Report 2022: A $65.8 Billion Industry by 2030 – Rapid Adoption of Cannabis in Therapeutic Applications – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Medical Marijuana Market Size, Share & Trends Analysis Report by Product Type (Flower, Oil & Tinctures), by Application (Chronic Pain, Arthritis, Migraine, Cancer, Diabetes, AIDS, Epilepsy, Parkinson’s Disease), by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.

The global medical marijuana market size is expected to reach USD 65.8 billion by 2030 and is expected to expand at a CAGR of 21.6%

The major factors attributed to the industry growth are the rapid adoption of cannabis in therapeutic applications and a surge in the number of countries legalizing the usage of medical marijuana.

As per numerous studies, cannabis has shown positive results in the treatment of chronic diseases. Thus, with the growing penetration of chronic disease throughout the globe, the industry is expected to see a steep rise in demand. For instance, as per the data released by the WHO, the chronic disease burden was expected to reach 57% by 2020. The growing research and development activities in the industry are also expected to drive the growth in demand.

Additionally, various factors such as a rise in disposable income, increasing social acceptance of cannabis, and growth in awareness regarding the benefits of the product, along with improvements in intellectual property rights of cannabis are some of the major factors that are expected to fuel the growth of the industry.

Key players are coming together on strategic initiatives such as mergers & acquisitions, collaborations, partnerships, funding & investments, and innovative product developments & launches to expand their expertise & product portfolio. This also fuels the industry’s growth.

For instance, in March 2021, Germany’s largest pharmaceutical company, Stada entered the medical marijuana market by launching its two flower products, and further, the company has plans to offer five flower products along with three extracts with different compositions of CBD and THC.

One of the major factors that restrict industry growth is the strict regulation policy. To date, FDA has not allowed the marketing usage of cannabis for the treatment of any disease or condition. Although, the organization has approved one cannabis-derived drug product: Epidiolex (cannabidiol), and three synthetic cannabis-related drug products: Marinol (dronabinol), Syndros (dronabinol), and Cesamet (nabilone). These permitted drug products are only available with a prescription from a licensed healthcare provider.

Medical Marijuana Market Report Highlights

Company Profiles

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

2.1 Medical Marijuana Market Outlook, By Revenue (USD Million)

Chapter 3 Medical Marijuana Market Variables, Trends and Scope

3.1 Penetration & Growth Prospect Mapping

3.2 Product Pipeline Analysis, by Stage

3.3 Technology Overview

3.3.1 Technology timeline

3.4 Regulatory Framework

3.5 Market Dynamics

3.5.1 Market driver analysis

3.5.2 Market restraint analysis

3.6 Medical Marijuana Market Analysis Tools

3.6.1 Industry analysis – Porter’s

3.6.2 PESTEL Analysis

3.6.3 Global Marijuana Demand-Supply Analysis

3.6.4 Global Marijuana Trade Route

3.6.5 Patient Pool Analysis

Chapter 4 Medical Marijuana Market: Product Type Estimates & Trend Analysis

4.1 Definitions & Scope

4.2 Medical Marijuana Market Share by Product Type

4.3 Segment Dashboard

4.4 Flower

4.4.1 Flower market estimates and forecasts, 2017 – 2030 (USD Million)

4.5 Oil & Tinctures

Chapter 5 Medical Marijuana Market: Application Estimates & Trend Analysis

5.1 Definitions & Scope

5.2 Medical Marijuana Market Share by Application

5.3 Segment Dashboard

5.4 Cancer

5.4.1 Cancer market estimates and forecasts, 2017 – 2030 (USD Million)

5.5 Chronic Pain

5.6 Depression & Anxiety

5.7 Arthritis

5.8 Diabetes

5.9 Glaucoma

5.10 Migraines

5.11 Epilepsy

5.12 Multiple Sclerosis

5.13 AIDS

5.14 Amyotrophic Lateral Sclerosis

5.15 Alzheimer’s Disease

5.16 Post-Traumatic Stress Disorder (PTSD)

5.17 Parkinson’s Disease

5.18 Tourettes

Chapter 6 Medical Marijuana Market: Regional Estimates & Trend Analysis, by Product

6.1 Market Size, & Forecasts, and Trend Analysis, 2017 to 2030:

6.1.1 U.S.

6.1.1.1 Market estimates and forecasts, by product type, 2017 – 2030 (USD Million)

6.1.1.2 Market estimates and forecasts, by application 2017 – 2030 (USD Million)

6.2.1 Canada

6.3.1 Germany

6.4.1 U.K.

6.5.1 Italy

6.6.1 Poland

6.7.1 Czech Republic

6.8.1 Switzerland

6.9.1 Croatia

6.10.1 Netherlands

6.11.1 Spain

6.12.1 China

6.13.1 Japan

6.14.1 India

6.15.1 Thailand

6.16.1 Australia

6.17.1 New Zealand

6.18.1 Uruguay

6.19.1 Colombia

6.20.1 Brazil

6.21.1 Mexico

6.22.1 Africa

Chapter 7 Competitive Landscape

7.1 Company Overview

7.2 Financial Performance

7.3 Product Benchmarking

7.4 Strategic Initiatives

For more information about this report visit https://www.researchandmarkets.com/r/wol6pb

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