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Medical Marijuana Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 136
  • SKU: IRTNTR40220
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The medical marijuana market share is expected to increase by USD 14.47 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 18.91%.

This medical marijuana market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers medical marijuana market segmentations by application (chronic pain, nausea, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The medical marijuana market report also offers information on several market vendors, including Aphria Inc, Aurora Cannabis Inc., Cannabis Sativa Inc, Canopy Growth Corp., Cronos Group Inc, CV Sciences Inc., Emerald health therapeutics inc, Etain LLC, HEXO Corp, Isodiol International Inc., Jazz Pharmaceuticals Plc, Khiron Life Sciences Corp, Maricann Group Inc, Medical Marijuana Inc, Organigram Holdings Inc, Phoena Holdings Inc, Tikun Olam Ltd, Tilray Inc, Trevena Inc, and VIVO Cannabis Inc among others.

What will the Medical Marijuana Market Size be During the Forecast Period?

Medical Marijuana Market Size

Download Report Sample to Unlock the Medical Marijuana Market Size for the Forecast Period and Other Important Statistics

 

Medical Marijuana Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising number of product launches is notably driving the medical marijuana market growth, although factors such as side effects associated with inappropriate use of medical marijuana may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical marijuana industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Medical Marijuana Market Driver

The rising number of product launches is one of the key drivers supporting the medical marijuana market growth. The rise in demand for new medical marijuana products is attributed to the legalization of marijuana for medical applications. Moreover, new product launches help increase the revenue and market share of vendors. For instance, in May 2021, Curaleaf announced the launch of its new range of medical cannabis products in Germany. The company has launched a high THC oil product to meet immediate patient demand and extended its product portfolio over the course of the year to cater to a wide range of patient needs. This, in turn, will drive the growth of the market during the forecast period.

Key Medical Marijuana Market Trend

The increasing number of awareness campaigns is one of the key medical marijuana market trends contributing to the market growth. Vendors are launching campaigns to educate end-users about the safe and responsible use of medical marijuana to increase sales. For instance, in July 2022, Leaf411, which is the first cannabis nurse guidance call service in the US, collaborated with Healer.com. This collaboration is to provide online medical cannabis training to patients, healthcare providers, and dispensaries. Thus, the increasing number of awareness campaigns can increase the adoption of medical marijuana during the forecast period.

Key Medical Marijuana Market Challenge

Side effects associated with inappropriate use of medical marijuana is one of the factors hampering the medical marijuana market growth. The active ingredients in medical marijuana are known as cannabinoids. THC is one of the most important and active cannabinoids. Medical marijuana also contains CBD. The amount of THC in medical marijuana varies based on how the plant is grown, prepared, and stored. In addition, medical marijuana contains many other chemicals, and the amount can vary from plant to plant. These factors can make it difficult to identify the required dosage of medical marijuana for patients. Consumers of medical marijuana can experience various side effects, including changes in mood, lack of coordination, increased appetite, red eyes, dry mouth, nausea, cough, throat infection, slower reaction time, and others. Such side effects can negatively impact the adoption of medical marijuana and, therefore, hinder the growth potential of the market in focus during the forecast period.

This medical marijuana market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global medical marijuana market as a part of the global tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical marijuana market during the forecast period.

Who are the Major Medical Marijuana Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aphria Inc
  • Aurora Cannabis Inc.
  • Cannabis Sativa Inc
  • Canopy Growth Corp.
  • Cronos Group Inc
  • CV Sciences Inc.
  • Emerald health therapeutics inc
  • Etain LLC
  • HEXO Corp
  • Isodiol International Inc.
  • Jazz Pharmaceuticals Plc
  • Khiron Life Sciences Corp
  • Maricann Group Inc
  • Medical Marijuana Inc
  • Organigram Holdings Inc
  • Phoena Holdings Inc
  • Tikun Olam Ltd
  • Tilray Inc
  • Trevena Inc
  • VIVO Cannabis Inc

 

This statistical study of the medical marijuana market encompasses successful business strategies deployed by the key vendors. The medical marijuana market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Aphria Inc - Aphria Inc is a privately held company headquartered in Canada. It is a global company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global medical marijuana market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Aphria Inc - The company offers medical marijuana such as Cannabis Oil, Softgels, Head stash and Cartridge. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical marijuana market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Medical Marijuana Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the medical marijuana market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Medical Marijuana Market?

Medical Marijuana Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

49% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the medical marijuana market in North America. Market growth in this region will be slower than the growth of the market in Europe and South America.

The government initiatives will facilitate the medical marijuana market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic positively impacted the demand for medical marijuana in North America. Furthermore, vendors are implementing strategies to overcome the supply-demand challenges, which will positively impact market growth during the forecast period.

What are the Revenue-generating Application Segments in the Medical Marijuana Market?

Medical Marijuana Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The medical marijuana market share growth by the chronic pain segment will be significant during the forecast period. Medical marijuana is gaining popularity as an alternative to traditional pain-relieving medications. It can ease various types of chronic pain, including pain resulting from nerve damage and inflammation. Some of the types of marijuana plants used for chronic pain relief are cannabis Indica, cannabis Sativa, and hybrids. The number of adults with chronic pain is increasing in countries such as the US, the UK, and China. Thus, this factor, along with the growing popularity of medical marijuana, can accelerate the growth momentum of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the medical marijuana market size and actionable market insights on post COVID-19 impact on each segment.

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Marijuana market - The market share has the potential to grow by USD 28.72 billion during 2020-2025, and the market’s growth momentum will accelerate at a CAGR of 22.54%.

Medical Marijuana Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.91%

Market growth 2022-2026

$ 14.47 billion

Market structure

Fragmented

YoY growth (%)

18.2

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 49%

Key consumer countries

US, Canada, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aphria Inc, Aurora Cannabis Inc., Cannabis Sativa Inc, Canopy Growth Corp., Cronos Group Inc, CV Sciences Inc., Emerald health therapeutics inc, Etain LLC, HEXO Corp, Isodiol International Inc., Jazz Pharmaceuticals Plc, Khiron Life Sciences Corp, Maricann Group Inc, Medical Marijuana Inc, Organigram Holdings Inc, Phoena Holdings Inc, Tikun Olam Ltd, Tilray Inc, Trevena Inc, and VIVO Cannabis Inc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Medical Marijuana Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive medical marijuana market growth during the next five years
  • Precise estimation of the medical marijuana market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical marijuana industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical marijuana market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Chronic pain - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Chronic pain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Chronic pain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Chronic pain - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Chronic pain - Year-over-year growth 2021-2026 (%)
    • 5.4 Nausea - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Nausea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Nausea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Nausea - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Nausea - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Aphria Inc
              • Exhibit 93: Aphria Inc - Overview
              • Exhibit 94: Aphria Inc - Product / Service
              • Exhibit 95: Aphria Inc - Key offerings
            • 10.4 Aurora Cannabis Inc.
              • Exhibit 96: Aurora Cannabis Inc. - Overview
              • Exhibit 97: Aurora Cannabis Inc. - Product / Service
              • Exhibit 98: Aurora Cannabis Inc. - Key offerings
            • 10.5 Cannabis Sativa Inc
              • Exhibit 99: Cannabis Sativa Inc - Overview
              • Exhibit 100: Cannabis Sativa Inc - Business segments
              • Exhibit 101: Cannabis Sativa Inc - Key offerings
              • Exhibit 102: Cannabis Sativa Inc - Segment focus
            • 10.6 Canopy Growth Corp.
              • Exhibit 103: Canopy Growth Corp. - Overview
              • Exhibit 104: Canopy Growth Corp. - Business segments
              • Exhibit 105: Canopy Growth Corp. - Key news
              • Exhibit 106: Canopy Growth Corp. - Key offerings
              • Exhibit 107: Canopy Growth Corp. - Segment focus
            • 10.7 Cronos Group Inc
              • Exhibit 108: Cronos Group Inc - Overview
              • Exhibit 109: Cronos Group Inc - Business segments
              • Exhibit 110: Cronos Group Inc - Key news
              • Exhibit 111: Cronos Group Inc - Key offerings
              • Exhibit 112: Cronos Group Inc - Segment focus
            • 10.8 Etain LLC
              • Exhibit 113: Etain LLC - Overview
              • Exhibit 114: Etain LLC - Product / Service
              • Exhibit 115: Etain LLC - Key offerings
            • 10.9 Jazz Pharmaceuticals Plc
              • Exhibit 116: Jazz Pharmaceuticals Plc - Overview
              • Exhibit 117: Jazz Pharmaceuticals Plc - Product / Service
              • Exhibit 118: Jazz Pharmaceuticals Plc - Key news
              • Exhibit 119: Jazz Pharmaceuticals Plc - Key offerings
            • 10.10 Medical Marijuana Inc
              • Exhibit 120: Medical Marijuana Inc - Overview
              • Exhibit 121: Medical Marijuana Inc - Product / Service
              • Exhibit 122: Medical Marijuana Inc - Key offerings
            • 10.11 Tilray Inc
              • Exhibit 123: Tilray Inc - Overview
              • Exhibit 124: Tilray Inc - Product / Service
              • Exhibit 125: Tilray Inc - Key offerings
            • 10.12 VIVO Cannabis Inc
              • Exhibit 126: VIVO Cannabis Inc - Overview
              • Exhibit 127: VIVO Cannabis Inc - Business segments
              • Exhibit 128: VIVO Cannabis Inc - Key offerings
              • Exhibit 129: VIVO Cannabis Inc - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 11.5 List of abbreviations
                • Exhibit 136: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Medical Marijuana market growth will increase by $14472.3 million during 2022-2026.
              The medical marijuana market is expected to grow at a CAGR of 18.91% during 2022-2026.
              Technavio has segmented the medical marijuana market by application (chronic pain, nausea, and others) and geographic (North America, Europe, APAC, South America, Middle East and Africa, North America, Europe, APAC, South America, and MEA).
              Aphria Inc, Aurora Cannabis Inc., Cannabis Sativa Inc, Canopy Growth Corp., Cronos Group Inc, CV Sciences Inc., Emerald health therapeutics inc, Etain LLC, HEXO Corp, Isodiol International Inc., Jazz Pharmaceuticals Plc, Khiron Life Sciences Corp, Maricann Group Inc, Medical Marijuana Inc, Organigram Holdings Inc, Phoena Holdings Inc, Tikun Olam Ltd, Tilray Inc, Trevena Inc, VIVO Cannabis Inc are a few of the key vendors in the medical marijuana market.
              North America will register the highest growth rate of 48.53% among the other regions. Therefore, the medical marijuana market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the medical marijuana market growth are:
              • Rising number of product launches
              • Increasing number of awareness campaigns
              The medical marijuana market vendors should focus on grabbing business opportunities from the chronic pain segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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