Medicinal Cannabis Market

Informes de Expertos publicó un nuevo informe, titulado ‘Mercado de Cannabis Medicinal Crecio 24% in 2023-2028’ que también facilita una amplia perspectiva del mercado, por especie (indica, sativa, híbrido); por derivado (cannabidiol, tetrahidrocannabinol); por ruta de administración (soluciones orales y cápsulas, fumar, vaporizadores, tópicos, otros); por aplicación (cáncer, artritis, migraña, epilepsia, otros); por uso final (industria farmacéutica, centro de investigación y desarrollo); y regiones clave. El informe incluye análisis para períodos históricos (2018-2022) y pronósticos (2023-2028). Según el informe, la industria mundial de cannabis medicinal generó $10,18 mil millones en 2022 y se estima que genere $37 mil millones de dólares en 2028, con una CAGR del 24% en 2023-2028.

The global medicinal cannabis market is witnessing remarkable growth and is anticipated to further expand in the coming years. According to recent industry reports, the market size of medical cannabis reached a significant value of nearly $10.18 billion in 2022. Furthermore, during the forecast period of 2023-2028, the market is projected to experience an impressive year-on-year growth rate of 24%, soaring to a predicted value of $37 billion by 2028.

Request A Sample Report: Global Medicinal Cannabis Market Sample Report 2023-2028

Key Factors Driving the Growth of the Medicinal Cannabis Market

Increasing Legalization and Acceptance: The growing recognition of the therapeutic potential of cannabis has led to the legalization of medical cannabis in various regions around the world. Governments and regulatory bodies are increasingly acknowledging the medical benefits of cannabis, which has boosted the demand for medicinal cannabis products.

Growing Awareness of Cannabis-Based Therapies: The rising awareness of the potential health benefits offered by cannabis-based therapies is fueling the demand for medical cannabis. Patients suffering from chronic pain, epilepsy, multiple sclerosis, and other medical conditions are exploring cannabis-based treatments as an alternative or complementary therapy.

Expanding Research and Development: The medical cannabis industry is witnessing a surge in research and development efforts to identify new medical applications and formulations of cannabis-derived products. This ongoing research is leading to the development of innovative cannabis-based treatments, contributing to the market growth.

Diverse Product Offerings: The market for medical cannabis offers a wide range of products, including oils, tinctures, capsules, and topical applications, catering to different patient preferences and medical needs. This diverse product offering is driving patient adoption and contributing to market expansion.

Several factors contribute to the increasing demand for medicinal cannabis products:

Legalization and Regulatory Changes: The gradual legalization of medicinal cannabis in various countries and regions has led to increased access to cannabis-based treatments. As more countries adopt medical cannabis legislation, the demand for medicinal cannabis products is expanding.

Growing Awareness and Acceptance: There is a growing awareness of the potential health benefits of medicinal cannabis, which has led to increased acceptance among patients and healthcare professionals. As more people recognize the therapeutic potential of cannabis for various medical conditions, the demand for medicinal cannabis products continues to rise.

Medical Applications: Medicinal cannabis is being used to manage a wide range of medical conditions, including chronic pain, neurological disorders, cancer-related symptoms, and mental health conditions. The versatile applications of medicinal cannabis products are driving demand across different patient populations.

Research and Clinical Studies: Ongoing research and clinical studies on the medical efficacy of cannabis-based treatments are providing scientific evidence to support the use of medicinal cannabis. Positive study outcomes and scientific endorsements contribute to increased demand for these products.

Consumer Preferences: Some individuals are opting for natural and alternative treatments, leading them to explore medicinal cannabis as a potential therapeutic option. The preference for organic and plant-based remedies is influencing the demand for medicinal cannabis products.

Pharmaceutical Companies’ Involvement: The involvement of pharmaceutical companies in the development and commercialization of cannabis-based medicines has further legitimized the use of medicinal cannabis and contributed to increased market demand.

Market Segmentation

Type of Product:

Cannabis Oils: Extracts of cannabis plants in oil form, commonly used for various medicinal applications.

Tinctures: Concentrated cannabis extracts mixed with alcohol or other solvents for sublingual use.

Capsules: Cannabis extracts encapsulated in soft gel or hard-shell capsules for convenient oral consumption.

Topicals: Cannabis-infused balms, lotions, or creams applied directly to the skin for localized relief.

Others: This category may include products such as edibles, patches, and suppositories.

By Formulation:

Full Spectrum Cannabis Products: Products that contain a wide range of cannabinoids, including THC, CBD, and other compounds present in the cannabis plant.

Broad Spectrum Cannabis Products: Products that contain multiple cannabinoids but have had the THC removed or significantly reduced.

CBD Isolate Products: Products that contain only pure CBD without other cannabinoids or compounds.

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About Us

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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