- Home
- Medical Cannabis Market

Global Medical Cannabis Market - Industry Trends and Forecast to 2028
- Published Date: September, 2022 | Report ID: CLS-295 | No of pages: 749 | Format:
Global medical cannabis market is projected to register a CAGR of 25.16% in the forecast period of 2021 to 2028. The new market report contains data for the historic year 2019, the base year of calculation is 2020 and the forecast period is 2021 to 2028.
Market Segmentation:
Global Medical Cannabis Market, By Product (Oil, Dried Medical Cannabis, Medical Cannabis Capsules, Vape Pen, Whole Flower, Creams & Moisturizer, Ground Flower, Patch, Mask & Serum, Cleanser, Others), Source (Natural, Synthetic), Species (Sativa, Hybrid, Cannabis Indica), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol, Cannabigerol (CBG), Cannabinol, Others), Application (Pain Management, Anxiety, Muscle Spasms, Nausea, Appetite Loss, Cancer, Arthritis, Alzheimer's Disease, Epilepsy, Depression and Sleep Disorders, Multiple Sclerosis, Autism, Mental Health Conditions, Elevate Mood, Others), Route of Administration (Oral Solutions and Capsules, Smoking, Topicals, Vaporizers, Others), End User (Homecare Settings, Hospital and Rehab Centers, Pharmaceutical Industry, Research and Development Centers, Others), Distribution Channel (B2C, B2B), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey & Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific , Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Some of the major factors contributing to the growth of Europe medical cannabis market are:
Escalation in healthcare expenditure
Functional properties of cannabis and their increased use in different industries
Market Players:
The key market players for global medical cannabis market are listed below:
Tilray
Elixinol Global Limited
Medical Marijuana, Inc.
Extractas
Peace Naturals Project Inc.
BOL Pharma
PharmaHemp
Kiehls (A Subsidiary of L'ORAL)
Vermont Hemp Health
Discover Health LLC
ENDOCA,
Pacific roots
CANOPY GROWTH CORPORATION
Aurora Cannabis
GW Pharmaceuticals plc.
Harmony
Pure Ratios
MARYs nutritionals
Bioactive Solutions, Inc.
Upstate Elevator Supply Co.
FOLIUM BIOSCIENCES
EcoGen Biosciences
Althea Company Pty Ltd (A Subsidiary of Althea Group Holdings Limited)
Apothecanna
Zenabis Global Ltd
Cresco Labs, IDT Australia
MEDIFARM
Greenwich Biosciences, Inc.
MediPharm Labs Inc.
THC Global Group Limited
Seed Cellar
CANNABIS SEEDS USA,
Seeds For Me
HUMBOLDT SEED COMPANY
Crop King Seeds
BARNEY'S FARM
Aphria Inc.
TABLE OF CONTENT
Segmentation
Short Description Global Medical Cannabis Market, By Product (Oil, Dried Medical Cannabis, Medical Cannabis Capsules, Vape Pen, Whole Flower, Creams & Moisturizer, Ground Flower, Patch, Mask & Serum, Cleanser, Others), Source (Natural, Synthetic), Species (Sativa, Hybrid, Cannabis Indica), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol, Cannabigerol (CBG), Cannabinol, Others), Application (Pain Management, Anxiety, Muscle Spasms, Nausea, Appetite Loss, Cancer, Arthritis, Alzheimer's Disease, Epilepsy, Depression and Sleep Disorders, Multiple Sclerosis, Autism, Mental Health Conditions, Elevate Mood, Others), Route of Administration (Oral Solutions and Capsules, Smoking, Topicals, Vaporizers, Others), End User (Homecare Settings, Hospital and Rehab Centers, Pharmaceutical Industry, Research and Development Centers, Others), Distribution Channel (B2C, B2B), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey & Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific , Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028 Market Definition: Cannabis is a psychoactive drug that is derived from the cannabis plant of the Cannabaceae family. For several years, it has been used medicinally and has wide range of applications in treatment of various diseases including chronic pain, cancer, depression, diabetes, arthritis, glaucoma, epilepsy, migraines, AIDS and Alzheimers among others. Market Segmentation: The medical cannabis market is categorized into eight notable segments which are based on the product, source, species, derivatives, application, route of administration, end user and distribution channel. On the basis of product, the medical cannabis market is segmented into oil, medical cannabis capsules, patch, whole flower, ground flower, vape pen, dried medical cannabis, creams & moisturizer, mask & serum, cleanser and others On the basis of source, the medical cannabis market is segmented into synthetic and natural On the basis of species, the medical cannabis market is segmented into cannabis indica, sativa and hybrid On the basis of derivatives, the medical cannabis market is segmented into cannabidiol (CBD), tetrahydrocannabinol (THC)/delta-8-tetrahydrocannabinol, cannabinol, cannabigerol (CBG) and others On the basis of application, the medical cannabis market is segmented into Alzheimers disease, appetite loss, cancer, epilepsy, autism, mental health conditions, multiple sclerosis, pain management, nausea, muscle spasms, arthritis, elevate mood, depression and sleep disorders, anxiety and others On the basis of route of administration, the medical cannabis market is segmented into oral solutions and capsules, smoking, vaporizers, topicals and others On the basis of end user, the medical cannabis market is segmented into pharmaceutical industry, research and development centers, homecare settings, hospital and rehab centers and others On the basis of distribution channel, the medical cannabis market is segmented into B2B and B2C Market Players The key market players for global medical cannabis market are listed below: Tilray Elixinol Global Limited Medical Marijuana, Inc. Extractas Peace Naturals Project Inc. BOL Pharma PharmaHemp Kiehls (A Subsidiary of L'ORAL) Vermont Hemp Health Discover Health LLC ENDOCA, Pacific roots CANOPY GROWTH CORPORATION Aurora Cannabis GW Pharmaceuticals plc. Harmony Pure Ratios MARYs nutritionals Bioactive Solutions, Inc. Upstate Elevator Supply Co. FOLIUM BIOSCIENCES EcoGen Biosciences Althea Company Pty Ltd (A Subsidiary of Althea Group Holdings Limited) Apothecanna Zenabis Global Ltd Cresco Labs, IDT Australia MEDIFARM Greenwich Biosciences, Inc. MediPharm Labs Inc. THC Global Group Limited Seed Cellar CANNABIS SEEDS USA, Seeds For Me HUMBOLDT SEED COMPANY Crop King Seeds BARNEY'S FARM Aphria Inc.Methodology
Why Choose Us
24 * 7 Access to Analyst :
Get your pre and post sales queries resolved by our Subject matter experts.
Customization :
We will assist you to customize the report to fit your research needs.
Assured Quality :
Our prime focus is to provide qualitative and accurate data.
Free sample report :
Feel free to order a sample report before purchase.
Security :
Your personal and confidential information is safe and secured.
© 2025 Cognate Lifesciences. All Rights Reserved.