Dublin, May 13, 2024 (GLOBE NEWSWIRE) — The “Medical Marijuana – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Medical Marijuana Market to Reach $82.5 Billion by 2030
The global market for Medical Marijuana estimated at US$32.3 Billion in the year 2023, is projected to reach a revised size of US$82.5 Billion by 2030, growing at a CAGR of 14.3% over the analysis period 2023-2030.
Extract Form Marijuana, one of the segments analyzed in the report, is expected to record 14.6% CAGR and reach US$54.2 Billion by the end of the analysis period. Growth in the Dried Flower Marijuana segment is estimated at 13.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 13.6% CAGR
The Medical Marijuana market in the U.S. is estimated at US$9.9 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$14.1 Billion by the year 2030 trailing a CAGR of 13.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 12.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $32.3 Billion |
| Forecasted Market Value (USD) by 2030 | $82.5 Billion |
| Compound Annual Growth Rate | 14.3% |
| Regions Covered | Global |
REPORT FEATURES
- Full access to influencer engagement stats
- Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
- Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
- Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Medical Marijuana – Global Key Competitors Percentage Market Share in 2024 (E)
- Global Economic Update
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
FOCUS ON SELECT PLAYERS(Total 44 Featured)
- ABcann Medicinals, Inc.
- Aphria, Inc.
- Aurora Cannabis, Inc.
- Cannabis Sativa Inc.
- Canopy Growth Corporation
- Emerald Health Therapeutics Inc.
- Green Relief Inc.
- GW Pharmaceuticals
- Insys Therapeutics, Inc.
- Maricann Group, Inc.
- mCig, Inc.
- Medical Marijuana, Inc.
- The Cronos Group Inc.
- The Supreme Cannabis Company
- Tilray
- United Cannabis
For more information about this report visit https://www.researchandmarkets.com/r/ey5zfh
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