Sep 26, 2019 (SUPER MARKET RESEARCH via COMTEX) -- The global medical cannabis market attained a value of more than USD 13 billion in 2018. The market is projected to witness a robust growth in the coming years, growing at a CAGR of around 23% between 2019-2024.
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Competitive Landscape & Supplier Analysis:
1. Tilray Inc
2. Bedrocan International
3. Canopy Growth Corp /zigman2/quotes/202205609/delayed CA:WEED -7.44%
4. Aurora Cannabis Inc.
5. Aphria Inc.
6. Terra Tech Corp.
7. Vivo Cannabis Inc.
8. Emerald Health Therapeutics, Inc
9. Cronos Group Inc.
10. Organigram Holdings Inc
North America is the leading cannabis market. The regional market is being aided by the legalisation drives for the drug for both, medical and recreational purposes. Almost 1.9 million people in North America were legally using the substance in 2017 to manage and relieve conditions like polymorphic seizures and chronic pain. With over 60% of the population in the region residing in areas with legalised medical cannabis, the industry is expected to witness a healthy growth in the forecast period. In 2018, the total cannabis sales in the US was estimated to be around USD 7.6 billion. As of January 2019, 33 states in the US along with Washington, DC had legalised marijuana use for medical purposes, which will aid the industry growth in the coming years. In Canada, the overall iandustry, including medical and legal along with illegal products, is expected to generate a sales revenue of nearly USD 1.7 billion in 2019 and the contribution of medical sales is anticipated to account for about one-fourth of the total industry sales in Canada. The industry is being driven by increased legalisation and the willingness of consumers to spend more on legal products.
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In 2018, medical cannabis retail sales reached around USD 3.7 billion in the US. Europe is another leading market which is expected to grow annually by EUR 35.7 billion. With people spending nearly EUR 1.49 trillion on healthcare in 2017 on the continent, the industry has a high potential for growth in the region. The medical marijuana industry is a key expansion sector for pharmaceutical companies in Europe. Germany represents the leading market for medical cannabis in the region and was worth USD 11.9 billion in 2017. The Western European country imports most of its supply from Canada, and is looking to expand its domestic supply to meet the rising local demand.
1 Preface2 Research Methodology3 Executive Summary
3.1 Market Overview
3.2 Key Demand Drivers
3.3 Key Players
3.4 Supply Market Changes
4 Global Medical Cannabis Market Overview4.1 Global Medical Cannabis Market Analysis
4.1.1 Figure: Global Medical Cannabis Historical Market (2014-2018) & Forecast (2019-2024)
4.1.2 Figure: Global Medical Cannabis Market Breakup by Product Type: Historical Market (2014-2018) & Forecast (2019-2024)
188.8.131.52 Dried Form
184.108.40.206 Extract Form
4.1.3 Figure: Global Medical Cannabis Market Breakup by Species: Historical Market (2014-2018) & Forecast (2019-2024)
4.1.4 Figure: Global Medical Cannabis Market Breakup by Compound: Historical Market (2014-2018) & Forecast (2019-2024)
220.127.116.11 Balanced THC & CBD
4.1.5 Figure: Global Medical Cannabis Market Breakup by Application: Historical Market (2014-2018) & Forecast (2019-2024)
18.104.22.168 Pain Management
4.1.6 Figure: Global Medical Cannabis Market Breakup by Distribution Channel: Historical Market (2014-2018) & Forecast (2019-2024)
22.214.171.124 Online Retailers
4.1.7 Chart: Global Medical Cannabis Market Breakup by Region
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Middle East & Africa
4.1.8 Figure: Regional Medical Cannabis Historical Market (2014-2018) & Forecast (2019-2024)
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 Middle East & Africa
4.2 SWOT Analysis
4.3 Value Chain Analysis4.4 Porter's Five Forces Analysis
4.4.2 Buyer's Power
4.4.3 Supplier's Power
4.4.4 New Entrants
4.4.5 Degree of Rivalry
4.5 Global (HS Code-5302 Sativa L) Trade Analysis (2018)
4.5.1 Major Exporting Countries by Value & Volume
4.5.2 Major Importing Countries by Value & Volume
4.6 Global Medical Cannabis Price Analysis
4.6.1 North America Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019- 2024)
4.6.2 Europe Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019-2024)
4.6.3 Asia Pacific Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019-2024)
4.6.4 LATAM Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019-2024)
4.6.5 Middle East & Africa Country Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019-2024)
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