The global Medical Marijuana Market size is expected to value at USD 55.8 billion by 2025. The market is subject to witness a substantial growth due to the rise in number of medical applications such as pain management, appetite enhancement, and reducing eye pressure. Medical marijuana is broadly classified into two types based on their orientation such as Cannabis Sativa and Cannabis indica. The Cannabis Sativa and Cannabis indica are naturally found in the western hemisphere and central & south Asian region respectively. Globally, the medical marijuana industry is predicted to grow at CAGR of 17.1% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Rise in the approval rate of medical marijuana in different parts of the globe is expected to boost market demand for cannabis in therapeutic applications. Additionally, growing competition in the market coupled with rising number of mergers and acquisitions in the medical marijuana market is anticipated to stimulate market development over the coming few years. The technological advancements in the healthcare industry coupled with development of innovative drugs are some of the key factors for sustained market growth.

Increasing number of states with lawful legalizing medical marijuana in U.S. and high-end demand for cannabis in medical and recreational applications are predicted to favor market growth over the forecast period. Rise in the number of research and development activities in North America and Europe is also expected to fuel the demand for the drug in the near future.

Growing awareness of medical marijuana among general population coupled with increasing preference amongst the academic researchers and healthcare professionals associated with the therapeutic uses of marijuana are considered as the significant factors, which are propelling the market expansion over the coming years. Some of the potential therapeutic application of the medical marijuana are vomiting & nausea, pain relief, and appetite stimulation. Increasing adoption of medical marijuana providing pain relief for the patient suffering from HIV/AIDS, glaucoma, cancer, and multiple sclerosis diseases is projected to escalate market growth in the upcoming years. Therapeutic is one of the key application of the drug, thus propelling the market over the forecast period.

The medical marijuana industry is broadly categorized into four major segments based on the application type such aschronic pain management segment, arthritis pain management segment, migraine pain management segment, cancer cell segment. The chronic pain management is considered as one of the fastest growing segment in the medical marijuana market with substantial revenue generation in the last few years. Growing popularity of the medical marijuana in chronic pain management segment is attributed to the rising usage of cannabis in pain management. The cancer cell segment has also witnessed substantial growth owing to the rise in number of studies showcasing cancer cell destroying capabilities of medical marijuana.

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The medical marijuana industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in medicine & pharmaceutical sector, surging pace of cannabis legalization in the U.S. and Canada, and existence of well-established healthcare infrastructure in the region.

European regions are predicted to hold major market share in the medical marijuana market displaying a massive growth in forecast period. Countries such as Belgium, Croatia, Italy, Netherland, Finland, France and Portugal are leading the European market due to rising approval rate, increasing consumer awareness associated with health benefits of medical marijuana, growing market penetration with specialized departmental stores for medical marijuana, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the medical marijuana industry are Cara Therapeutics Inc., Cannabis Sativa, Inc., CannaGrow Holdings, Inc., United Cannabis Co., Growblox Sciences, Inc., GreenGro Technologies, Inc., GW Pharmaceuticals plc, International Consolidated Companies, Inc., and Lexaria Co.

Market Segment:

Regional Outlook (Market Revenue in USD Million, 2013 - 2025)
• North America
• U.S.
• Canada
• Europe
• Belgium
• Croatia
• Finland
• France
• Italy
• Netherlands
• Portugal
• Romania
• Switzerland
• Czech Republic
• Estonia
• ROW
• Israel

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Application Outlook (Market Revenue in USD Million, 2013 - 2025)
• Chronic Pain
• Arthritis
• Migraine
• Cancer
• Others

Medical marijuana is now legal in 36 states, 4 permanently inhabited U.S. territories, and the District of Columbia. Understanding what ailments can improve from the use of cannabis can be quite difficult. Biomedical research is progressing daily, finding new ways to use cannabis for medical purposes and enhance people’s quality of life. 

Continue reading to discover the seven health problems that typically qualify for medical marijuana. 

1. Seizures

Marijuana has been considered to provide relief for seizure patients for about 150 years. According to recent research, a chemical compound within cannabis (cannabidiol) is the cause. 

Cannabidiol helps those with epilepsy and other seizure disorders to control their symptoms. Marijuana is now considered to be highly beneficial for managing hard-to-treat disorders. 

2. Severe nausea

Nausea is among the most common conditions approved for use of medical cannabis. Chemotherapy-induced nausea has shown an exceptionally great improvement when treated with marijuana. For a long time, those diagnosed with cancer were suffering from severe emesis resulting from chemotherapy medications used to cure cancer. Antiemetics sometimes fail to provide results and come with a wide range of potential side effects. Medical cannabis helps achieve fast relief from nausea with a minimum of possible side effects. Additionally, marijuana helps decrease additional discomfort and improve your mood. 

3. Extreme pain

The properties of marijuana make it highly effective for treating different kinds of moderate to extreme pain. It relaxes your muscles, calms you down, and typically improves your outlook and mood. Those that were provided with medical marijuana for pain management, reported that it helped them engage in their daily tasks much better than other prescription medicines. Pain is of the most commonly approved health problems for medical cannabis.  

4. Post-traumatic stress disorder 

Post-traumatic stress disorder is a psychological health disorder common in people that suffered or witnessed a terrifying event. Severe car accidents, sexual assaults, or shootings can all lead to the onset of this condition. Medical cannabis can be highly beneficial for those with post-traumatic stress disorder. Certain studies even show up to 75% of reductions in symptoms. Because medical marijuana has proven to be more effective than common psychotropic and opiate medications, it’s now becoming increasingly popular in treating symptoms of post-traumatic stress disorder.

5. Cachexia

Cachexia is more a consequence of a serious condition rather than a condition itself. It results in extreme weight loss, decreased appetite, and severe fatigue. Medical cannabis is a great option for increasing your appetite as it stimulates brain receptors responsible for releasing hunger-inducing hormones. Depending on the ailment that caused your cachexia, medical marijuana can also help decrease your nausea symptoms and enhance your mood. 

6. Anorexia

Anorexia is an eating disorder that can be severely detrimental to your overall health. Anorexia patients typically refuse to eat, sometimes almost to the point of starvation. Just like with cachexia, medical cannabis can help increase your appetite and decrease your risk of starvation. 

7. Chronic Pain

Chronic pain sufferers may experience more debilitating long-term consequences than those who experience acute but brief pain. Chronic pain can last for more than 12 weeks, and for many people in the United States, it can last their entire lives.

Chronic pain can be caused by a variety of factors, including:

- Fibromyalgia

• - Injury to the neck or back
• - Migraines
• - Arthritis

Medical marijuana can help with the chronic pain symptoms that have the largest influence on people's life. It can help you sleep better, reduce pain, and improve your general mood. It is not addictive, which is particularly important for chronic pain patients concerned about opiates and opioids.

8. Severe or Persistent Muscle Spasms

Every day, millions of people are affected by muscle spasms. Medical marijuana is an effective treatment for a variety of spasm-causing diseases. Marijuana's pain-relieving and anti-inflammatory effects help alleviate the symptoms of musculoskeletal illnesses. THC creams applied topically have shown considerable potential in improving the lives of people who suffer from muscle spasms.

Medical Marijuana Market is estimated to value over USD xx billion by 2027 end and register a CAGR of xx% from the forecast period 2020-2027.

The report initiates from the outline of business surroundings and explains the commercial summary of chain structure. Moreover, it analyses forecast By Product Type, By Application, By Region and Medical Marijuana Market analysis.

Additionally, this report illustrates the corporate profiles and situation of competitive landscape amongst numerous associated corporations including the analysis of market evaluation and options associated with the worth chain. This report provides valuable insights on the general market profit through a profit graph, an in depth SWOT analysis of the market trends alongside the regional proliferation of this business vertical.

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Market Segmentation:

This Market is divided By Product Type, By Application and By Region.

Regionally, the worldwide Medical Marijuana Market is fragmented as North America, Europe, Asia Pacific and also the rest of the world.

Key Market Players:

Major market players enclosed within this market are

• Cara Therapeutics
• Cannabis Sativa
• CannaGrow Holdings
• United Cannabis
• Growblox Sciences
• GreenGro Technologies
• GW Pharmaceuticals
• Lexaria Corp
• MMJ America

(Note: The list of the key players are going to be updated with the most recent market scenario and trends)

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FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key trends
• Key data-points touching market growth

Competitive Landscape:

• Tier 1 players- well-established companies in the market accounting a major market share  
• Tier 2 players 
• Rapidly growing players
• New Entrants

Objectives of the Study:

• To offer with an complete analysis on the Medical Marijuana Market By Product Type, By Application and By Region
• To cater comprehensive data on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To measure and forecast micro-markets and also the overall market
• To predict the market size, in key regions — North America, Europe, Asia Pacific and rest of the world
• To record and evaluate the competitive landscape mapping - product launches, technological advancements, mergers and expansions

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