MEDICAL MARIJUANA MARKET Size and trends

Medical Marijuana Market, By Product Type (Oil, Capsules, Tinctures, and Others), By Application (Chronic pain, Mental Disorders, Cancer, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI7477
Pages :140
Formats :
Excel and PDF
Industry : Pharmaceutical

Medical Marijuana Market Size and Trends

The medical marijuana market is estimated to be valued at USD 25.54 Bn in 2025 and is expected to reach USD 65.13 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 14.3% from 2025 to 2032.

Medical Marijuana Market Key Factors

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Legalization of medical cannabis in various countries for the treatment of chronic diseases such as cancer, arthritis, and other diseases is expected to boost the demand. Additionally, people are inclining more towards plant-based drugs due to the various potential health benefits associated with cannabis such as relief from nausea, stress, and improved sleep, which is further augmenting the market growth. However, threats associated with substitutes and stringent regulations in certain regions are some of the factors anticipated to hamper the market expansion.