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Market Research Report

Medical Cannabis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

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Medical Cannabis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
Published: April 8, 2019 Content info: 121 Pages
Description

The global medical cannabis market size was estimated to reach a value of US$ 13.4 Billion in 2018. The market is further expected to reach value of US$ 44.4 Billion by 2024, exhibiting a CAGR of 22.9% during 2019-2024. Cannabis is a psychoactive drug which is derived from the cannabis plant of the Cannabaceae family. It has been used medicinally for several years in ancient Indian, Chinese, Egyptian and Islamic cultures. Nowadays, cannabis finds application in the treatment of a wide range of diseases and symptoms including cancer, chronic pain, depression, arthritis, diabetes, glaucoma, migraines, epilepsy, MS, AIDS, ALS, Alzheimer's, PTSD, Parkinson's, Tourette's, etc. Owing to its therapeutic benefits, cannabis has been approved for medical use in numerous countries, with varying degrees of legal restriction. Some of these countries include Argentina, Brazil, Canada, Chile, Colombia, Czech Republic, Germany, Italy, Mexico, Spain, United Kingdom, United States, Uruguay, etc.

Global Medical Cannabis Market Drivers:

  • Cannabis is safer and has less severe side effects in comparison to other treatment options. It also finds usage along with other treatments either to enhance their effect or to combat negative side effects. For instance, cannabis is very effective in reducing nausea and increasing appetite among the chemotherapy patients, making the agonizing treatment more tolerable. Similarly, it is also used in combination with traditional opioid painkillers, which enables patients to significantly reduce the dosage and frequency of opioids, and also imparts greater pain relief.
  • A steadily rising ageing population has also played an significant role in driving the demand for medical cannabis as geriatric patients are more likely to develop chronic illnesses and require more physician visits.
  • Clinical trials, R&D activities and commercialization of cannabis-based indications are further expected to catalyze the growth of the market.
  • Although expenditure on health products are less susceptible to fluctuations in consumer's expenditure, the uptake of medical marijuana is liable to changes in disposable income due to its unconventional nature. As a result, we expect increasing disposable incomes to create a positive impact on the demand of medical cannabis.

Breakup by Species:

  • On the basis of species, the market has been segmented as Indica, Sativa and hybrid. Currently, Indica dominates the market, holding the largest share. It is often used in the treatment of insomnia, relaxing the muscles, relieving body pains, headaches and migraines.

Breakup by Derivatives:

  • Based on derivatives, the market has been divided into Cannabidiol (CBD), Tetrahydrocannabinol (THC) and others. CBD is majorly used for medical purposes due to its non-psychotic effect and low levels of toxicity, whereas, THC is utilised to reduce the side-effects of AIDS and cancer treatment.

Breakup by Application:

  • The market has also been divided on the basis of application, wherein, cancer represents the leading category. Other major applications of cannabis include arthritis, migraine, epilepsy, etc.

Breakup by End-Use:

  • On the basis of end-use, the market has been segregated into the pharmaceutical industry, research and development centers, and others. Currently, the pharmaceutical industry represents the biggest end-user.

Breakup by Route of Administration:

  • Based on route of administration, the market has been categorized into oral solutions and capsules, smoking, vaporizers, topicals and others. Oral solutions and capsules represent the biggest segment, accounting for the largest market share.

Regional Insights:

  • On a geographical front, North America enjoys the leading position in the market. Recent legalization of cannabis in North America for both recreational and medical purposes has been a major driver of the market growth. Other key regions include Europe, Asia Pacific, Latin America, and Middle East and Africa.

Competitive Landscape

The report has also examined the Competitive Landscape of the market. Some of the major players include:

  • Canopy Growth Corporation
  • GW Pharmaceuticals
  • Aurora Cannabis, Inc.
  • Aphria Inc.
  • MedReleaf Corporation
  • Insys Therapeutics, Inc.
  • CanniMed Therapeutics, Inc.
  • Cara Therapeutics, Inc.
  • United cannabis Corporation

Key Questions Answered in This Report:

  • How has the global medical cannabis market performed so far and how will it perform in the coming years?
  • What are the key regions in the global medical cannabis market?
  • Which are the popular species in the global medical cannabis market?
  • What are the key derivatives in the global medical cannabis market?
  • What are the various applications of medical cannabis?
  • Who are the major end-user industries for medical cannabis?
  • What are the major routes of administration in the global medical cannabis market?
  • What are the various stages in the value chain of the medical cannabis industry?
  • What are the key driving factors and challenges in the global medical cannabis industry?
  • What is the structure of the global medical cannabis industry and who are the key players?
  • What is the degree of competition in the global medical cannabis market?
Table of Contents
Product Code: SR1018G57_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Medical Cannabis Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Market Breakup by Species
  • 5.4 Market Breakup by Derivative
  • 5.5 Market Breakup by Application
  • 5.6 Market Breakup by End-Use
  • 5.7 Market Breakup by Route of Administration
  • 5.8 Market Breakup by Region
  • 5.9 Market Forecast
  • 5.10 SWOT Analysis
    • 5.10.1 Overview
    • 5.10.2 Strengths
    • 5.10.3 Weaknesses
    • 5.10.4 Opportunities
    • 5.10.5 Threats
  • 5.11 Value Chain Analysis
    • 5.11.1 Input Suppliers
    • 5.11.2 Collectors
    • 5.11.3 Manufacturers
    • 5.11.4 Distributors
    • 5.11.5 Exporters
    • 5.11.6 Retailers
    • 5.11.7 End-User
  • 5.12 Porters Five Forces Analysis
    • 5.12.1 Overview
    • 5.12.2 Bargaining Power of Buyers
    • 5.12.3 Bargaining Power of Suppliers
    • 5.12.4 Degree of Competition
    • 5.12.5 Threat of New Entrants
    • 5.12.6 Threat of Substitutes
  • 5.13 Key Success and Risk Factors

6 Market Breakup by Species

  • 6.1 Indica
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Sativa
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Hybrid
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Derivative

  • 7.1 Cannabidiol (CBD)
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Tetrahydrocannabinol (THC)
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Others
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Cancer
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Arthritis
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Migraine
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Epilepsy
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by End-Use

  • 9.1 Pharmaceutical Industry
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Research and Development Centres
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Others
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast

10 Market Breakup by Route of Administration

  • 10.1 Oral Solutions and Capsules
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Smoking
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 Vaporizers
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast
  • 10.4 Topicals
    • 10.4.1 Market Trends
    • 10.4.2 Market Forecast
  • 10.5 Others
    • 10.5.1 Market Trends
    • 10.5.2 Market Forecast

11 Market Breakup by Region

  • 11.1 North America
    • 11.1.1 United States
      • 11.1.1.1 Market Trends
      • 11.1.1.2 Market Forecast
    • 11.1.2 Canada
      • 11.1.2.1 Market Trends
      • 11.1.2.2 Market Forecast
  • 11.2 Europe
    • 11.2.1 Germany
      • 11.2.1.1 Market Trends
      • 11.2.1.2 Market Forecast
    • 11.2.2 Italy
      • 11.2.2.1 Market Trends
      • 11.2.2.2 Market Forecast
    • 11.2.3 France
      • 11.2.3.1 Market Trends
      • 11.2.3.2 Market Forecast
    • 11.2.4 Netherlands
      • 11.2.4.1 Market Trends
      • 11.2.4.2 Market Forecast
    • 11.2.5 Spain
      • 11.2.5.1 Market Trends
      • 11.2.5.2 Market Forecast
  • 11.3 Latin America
    • 11.3.1 Market Trends
    • 11.3.2 Market Forecast
  • 11.4 Asia Pacific
    • 11.4.1 Market Trends
    • 11.4.2 Market Forecast
  • 11.5 Middle East and Africa
    • 11.5.1 Market Trends
    • 11.5.2 Market Forecast

12 Overview of Clinical Research Suggesting the Benefits of Medical Cannabis Across Various Indications

  • 12.1 Alzheimer's Disease
  • 12.2 Autism
  • 12.3 Cancer
  • 12.4 Chronic Pain
  • 12.5 Epilepsy
  • 12.6 Migraine
  • 12.7 Digestive Disorders
  • 12.8 Multiple Sclerosis
  • 12.9 Schizophrenia
  • 12.10 Others

13 Competitive Landscape

  • 13.1 Market Structure
  • 13.2 Key Players

14 Key Player Profiles

List of Figures

  • Figure 1: Global: Medical Cannabis Market: Major Drivers and Challenges
  • Figure 2: Global: Medical Cannabis Market: Value Trends (in Billion US$), 2011-2018
  • Figure 3: Global: Medical Cannabis Market: Breakup by Species (in %), 2018
  • Figure 4: Global: Medical Cannabis Market: Breakup by Derivative (in %), 2018
  • Figure 5: Global: Medical Cannabis Market: Breakup by Application (in %), 2018
  • Figure 6: Global: Medical Cannabis Market: Breakup by End-Use (in %), 2018
  • Figure 7: Global: Medical Cannabis Market: Breakup by Route of Administration (in %), 2018
  • Figure 8: Global: Medical Cannabis Market: Breakup by Region (in %), 2018
  • Figure 9: Global: Medical Cannabis Market Forecast: Value Trends (in Billion US$), 2019-2024
  • Figure 10: Global: Medical Cannabis Industry: SWOT Analysis
  • Figure 11: Global: Medical Cannabis Industry: Value Chain Analysis
  • Figure 12: Global: Medical Cannabis Industry: Porter's Five Forces Analysis
  • Figure 13: Global: Medical Cannabis Market (Indica): Value Trends (in Million US$), 2011 & 2018
  • Figure 14: Global: Medical Cannabis Market Forecast (Indica): Value Trends (in Million US$), 2019-2024
  • Figure 15: Global: Medical Cannabis Market (Sativa): Value Trends (in Million US$), 2011 & 2018
  • Figure 16: Global: Medical Cannabis Market Forecast (Sativa): Value Trends (in Million US$), 2019-2024
  • Figure 17: Global: Medical Cannabis Market (Hybrid): Value Trends (in Million US$), 2011 & 2018
  • Figure 18: Global: Medical Cannabis Market Forecast (Hybrid): Value Trends (in Million US$), 2019-2024
  • Figure 19: Global: Medical Cannabis Market (Cannabidiol (CBD)): Value Trends (in Million US$), 2011 & 2018
  • Figure 20: Global: Medical Cannabis Market Forecast (Cannabidiol (CBD)): Value Trends (in Million US$), 2019-2024
  • Figure 21: Global: Medical Cannabis Market (Tetrahydrocannabinol (THC)): Value Trends (in Million US$), 2011 & 2018
  • Figure 22: Global: Medical Cannabis Market Forecast (Tetrahydrocannabinol (THC)): Value Trends (in Million US$), 2019-2024
  • Figure 23: Global: Medical Cannabis Market (Other Derivatives): Value Trends (in Million US$), 2011 & 2018
  • Figure 24: Global: Medical Cannabis Market Forecast (Other Derivatives): Value Trends (in Million US$), 2019-2024
  • Figure 25: Global: Medical Cannabis Market (Application in Cancer): Value Trends (in Million US$), 2011 & 2018
  • Figure 26: Global: Medical Cannabis Market Forecast (Application in Cancer): Value Trends (in Million US$), 2019-2024
  • Figure 27: Global: Medical Cannabis Market (Application in Arthritis): Value Trends (in Million US$), 2011 & 2018
  • Figure 28: Global: Medical Cannabis Market Forecast (Application in Arthritis): Value Trends (in Million US$), 2019-2024
  • Figure 29: Global: Medical Cannabis Market (Application in Migraine): Value Trends (in Million US$), 2011 & 2018
  • Figure 30: Global: Medical Cannabis Market Forecast (Application in Migraine): Value Trends (in Million US$), 2019-2024
  • Figure 31: Global: Medical Cannabis Market (Application in Epilepsy): Value Trends (in Million US$), 2011 & 2018
  • Figure 32: Global: Medical Cannabis Market Forecast (Application in Epilepsy): Value Trends (in Million US$), 2019-2024
  • Figure 33: Global: Medical Cannabis Market (Other Applications): Value Trends (in Million US$), 2011 & 2018
  • Figure 34: Global: Medical Cannabis Market Forecast (Other Applications): Value Trends (in Million US$), 2019-2024
  • Figure 35: Global: Medical Cannabis Market (End-Use in Pharmaceutical Industry): Value Trends (in Million US$), 2011 & 2018
  • Figure 36: Global: Medical Cannabis Market Forecast (End-Use in Pharmaceutical Industry): Value Trends (in Million US$), 2019-2024
  • Figure 37: Global: Medical Cannabis Market (End-Use in Research and Development Centres): Value Trends (in Million US$), 2011 & 2018
  • Figure 38: Global: Medical Cannabis Market Forecast (End-Use in Research and Development Centres): Value Trends (in Million US$), 2019-2024
  • Figure 39: Global: Medical Cannabis Market (Other End-Uses): Value Trends (in Million US$), 2011 & 2018
  • Figure 40: Global: Medical Cannabis Market Forecast (Other End-Uses): Value Trends (in Million US$), 2019-2024
  • Figure 41: Global: Medical Cannabis Market (Administration through Oral Solutions and Capsules): Value Trends (in Million US$), 2011 & 2018
  • Figure 42: Global: Medical Cannabis Market Forecast (Administration through Oral Solutions and Capsules): Value Trends (in Million US$), 2019-2024
  • Figure 43: Global: Medical Cannabis Market (Administration through Smoking): Value Trends (in Million US$), 2011 & 2018
  • Figure 44: Global: Medical Cannabis Market Forecast (Administration through Smoking): Value Trends (in Million US$), 2019-2024
  • Figure 45: Global: Medical Cannabis Market (Administration through Vaporizers): Value Trends (in Million US$), 2011 & 2018
  • Figure 46: Global: Medical Cannabis Market Forecast (Administration through Vaporizers): Value Trends (in Million US$), 2019-2024
  • Figure 47: Global: Medical Cannabis Market (Administration through Topicals): Value Trends (in Million US$), 2011 & 2018
  • Figure 48: Global: Medical Cannabis Market Forecast (Administration through Topicals): Value Trends (in Million US$), 2019-2024
  • Figure 49: Global: Medical Cannabis Market (Other Route of Administration): Value Trends (in Million US$), 2011 & 2018
  • Figure 50: Global: Medical Cannabis Market Forecast (Other Route of Administration): Value Trends (in Million US$), 2019-2024
  • Figure 51: North America: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 52: North America: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 53: United States: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 54: United States: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 55: Canada: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 56: Canada: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 57: Europe: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 58: Europe: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 59: Germany: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 60: Germany: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 61: Italy: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 62: Italy: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 63: France: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 64: France: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 65: Netherlands: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 66: Netherlands: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 67: Spain: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 68: Spain: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 69: Latin America: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 70: Latin America: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 71: Asia Pacific: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 72: Asia Pacific: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024
  • Figure 73: Middle East and Africa: Medical Cannabis Market: Value Trends (in Million US$), 2011 & 2018
  • Figure 74: Middle East and Africa: Medical Cannabis Market Forecast: Value Trends (in Million US$), 2019-2024

List of Tables

  • Table 1: Global: Medical Cannabis Market: Key Industry Highlights, 2018 and 2024
  • Table 2: Global: Medical Cannabis Market Forecast: Breakup by Species (in Million US$), 2019-2024
  • Table 3: Global: Medical Cannabis Market Forecast: Breakup by Derivative (in Million US$), 2019-2024
  • Table 4: Global: Medical Cannabis Market Forecast: Breakup by Application (in Million US$), 2019-2024
  • Table 5: Global: Medical Cannabis Market Forecast: Breakup by End-Use (in Million US$), 2019-2024
  • Table 6: Global: Medical Cannabis Market Forecast: Breakup by Route of Administration (in Million US$), 2019-2024
  • Table 7: Global: Medical Cannabis Market Forecast: Breakup by Region (in Million US$), 2019-2024
  • Table 8: Global: Medical Cannabis Market: Market Structure
  • Table 9: Global: Medical Cannabis Market: Key Players
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