Global Medical Cannabis Market to 2032
Overview
The Global Medical Cannabis Market is expected to reach a 165,295.52 USD Billion by 2032 and is projected to grow at a CAGR of 42.29% from 2025 to 2032.
Revenue, 2024 (USD Billion)
26,568.24
Forecast, 2032 (USD Billion)
165,295.52
CAGR, 2024 - 2032
42.29%
Report Coverage
Global
Global Medical Cannabis Market 2018-2032 USD Billion
Global Medical Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 26,568.24 USD Billion
- Projected Market Size (2032): 165,295.52 USD Billion
- CAGR (2025-2032): 42.29%
Key Findings of Global Medical Cannabis Market
- The Global Medical Cannabis Market was valued at 26,568.24 USD Billion in 2024.
- The Global Medical Cannabis Market is likely to grow at a CAGR of 42.29% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Sativa in Species Segment accounted for the largest share of the market with a revenue of 16,830.06 USD Billion
- The fastest growing segment Pain Management in Application Segment grew Fastest with a CAGR of 50.00% during the forecast period from 2024 to 2032.
Global Medical Cannabis Market Scope
Global Medical Cannabis Market Segmentation & Scope
Application
- Elevate Mood
- Mental Health Conditions
- Autism
- Multiple Sclerosis
- Depression And Sleep Disorders
- Epilepsy
- Alzheimer'S Disease/Migranes
- Arthritis
- Cancer
- Others
- Appetite Loss
- Nausea
- Muscle Spasms
- Anxiety
- Pain Management
Derivatives
- Cannabinol (CBN)
- Others
- Cannabigerol (CBG)
- Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol
- Cannabidiol (CBD)
Product
- Cleanser
- Masks & Serum
- Patch
- Ground Flower
- Creams & Moisturizer
- Whole Flower
- Vape Pen
- Others
- Medical Cannabis Capsules
- Dried Medical Cannabis
- Oil
Source
- Synthetic
- Natural
Species
- Cannabis Indica
- Hybrid
- Sativa
Route of Administration
- Others
- Vaporizers
- Topicals
- Smoking
- Oral Solutions And Capsules
End User
- Others
- Research And Development Centers
- Pharmaceutical Industry
- Rehab Centers
- Hospital
- Homecare Setting
Distribution Channel
- B2B
- B2C
Global Medical Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 26,568.24 USD Billion |
| Market Value in 2032 | 165,295.52 USD Billion |
| CAGR (2025-2032) | 42.29% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Derivatives,Product,Source,Species,Route of Administration,End User,Distribution Channel |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 26,568.24 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 11,568.31 USD Billion in 2024.
Segments and Scope
-
Global Medical Cannabis Market to 2032, By Application
- Pain Management is the largest segment in Global Medical Cannabis Market to 2032 with a revenue of 5,900.85 USD Billion in the year 2024.
- Pain Management is the Fastest growing segment in Global Medical Cannabis Market to 2032 with a Growth rate of 50.00 % in forecast period 2025-2032.
-
Global Medical Cannabis Market to 2032, By Derivatives
- Cannabidiol (CBD) is the largest segment in Global Medical Cannabis Market to 2032 with a revenue of 16,598.59 USD Billion in the year 2024.
- Cannabidiol (CBD) is the Fastest growing segment in Global Medical Cannabis Market to 2032 with a Growth rate of 44.11 % in forecast period 2025-2032.
-
Global Medical Cannabis Market to 2032, By Product
- Oil is the largest segment in Global Medical Cannabis Market to 2032 with a revenue of 8,305.87 USD Billion in the year 2024.
- Oil is the Fastest growing segment in Global Medical Cannabis Market to 2032 with a Growth rate of 47.74 % in forecast period 2025-2032.
-
Global Medical Cannabis Market to 2032, By Source
- Natural is the largest segment in Global Medical Cannabis Market to 2032 with a revenue of 15,169.91 USD Billion in the year 2024.
- Natural is the Fastest growing segment in Global Medical Cannabis Market to 2032 with a Growth rate of 44.47 % in forecast period 2025-2032.
-
Global Medical Cannabis Market to 2032, By Species
- Sativa is the largest segment in Global Medical Cannabis Market to 2032 with a revenue of 16,830.06 USD Billion in the year 2024.
- Sativa is the Fastest growing segment in Global Medical Cannabis Market to 2032 with a Growth rate of 43.84 % in forecast period 2025-2032.
-
Global Medical Cannabis Market to 2032, By Route of Administration
- Oral Solutions And Capsules is the largest segment in Global Medical Cannabis Market to 2032 with a revenue of 13,734.38 USD Billion in the year 2024.
- Oral Solutions And Capsules is the Fastest growing segment in Global Medical Cannabis Market to 2032 with a Growth rate of 43.63 % in forecast period 2025-2032.
-
Global Medical Cannabis Market to 2032, By End User
- Homecare Setting is the largest segment in Global Medical Cannabis Market to 2032 with a revenue of 8,719.22 USD Billion in the year 2024.
- Homecare Setting is the Fastest growing segment in Global Medical Cannabis Market to 2032 with a Growth rate of 43.88 % in forecast period 2025-2032.
-
Global Medical Cannabis Market to 2032, By Distribution Channel
- B2C is the largest segment in Global Medical Cannabis Market to 2032 with a revenue of 15,009.03 USD Billion in the year 2024.
- B2C is the Fastest growing segment in Global Medical Cannabis Market to 2032 with a Growth rate of 44.63 % in forecast period 2025-2032.
Global Medical Cannabis Market Company Share Analysis
| Company Name |
|
||
| Medipharm Labs | |||
| Tilray | |||
| Zenabis Global Ltd. | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
Global Medical Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Medical Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Medical Cannabis Market is segmented based on Segmentation Application,Derivatives,Product,Source,Species,Route of Administration,End User,Distribution Channel.
Global Medical Cannabis Market was valued at USD 26,568.24(Revenue in USD Billion) in 2020.
Global Medical Cannabis Market is projected to grow at a CAGR of 42.29% during the forecast period of 2024 to 2032.
The Sativa segment is expected to dominate the Global Medical Cannabis Market, holding a largest market share of 16,830.06 USD Billion in 2024
Global Medical Cannabis Market Scope
Global Medical Cannabis Market Segmentation & Scope
Application
- Elevate Mood
- Mental Health Conditions
- Autism
- Multiple Sclerosis
- Depression And Sleep Disorders
- Epilepsy
- Alzheimer'S Disease/Migranes
- Arthritis
- Cancer
- Others
- Appetite Loss
- Nausea
- Muscle Spasms
- Anxiety
- Pain Management
Derivatives
- Cannabinol (CBN)
- Others
- Cannabigerol (CBG)
- Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol
- Cannabidiol (CBD)
Product
- Cleanser
- Masks & Serum
- Patch
- Ground Flower
- Creams & Moisturizer
- Whole Flower
- Vape Pen
- Others
- Medical Cannabis Capsules
- Dried Medical Cannabis
- Oil
Source
- Synthetic
- Natural
Species
- Cannabis Indica
- Hybrid
- Sativa
Route of Administration
- Others
- Vaporizers
- Topicals
- Smoking
- Oral Solutions And Capsules
End User
- Others
- Research And Development Centers
- Pharmaceutical Industry
- Rehab Centers
- Hospital
- Homecare Setting
Distribution Channel
- B2B
- B2C
Frequently Asked Questions
The Global Medical Cannabis Market is segmented based on Segmentation Application,Derivatives,Product,Source,Species,Route of Administration,End User,Distribution Channel.
Global Medical Cannabis Market was valued at USD 26,568.24(Revenue in USD Billion) in 2020.
Global Medical Cannabis Market is projected to grow at a CAGR of 42.29% during the forecast period of 2024 to 2032.
The estimated market value of the Global Medical Cannabis Market for final year is USD 165,295.52 (USD Billion).
Global Medical Cannabis Market Company Profiling
Frequently Asked Questions
The Global Medical Cannabis Market is segmented based on Segmentation Application,Derivatives,Product,Source,Species,Route of Administration,End User,Distribution Channel.
Global Medical Cannabis Market was valued at USD 26,568.24(Revenue in USD Billion) in 2020.
Global Medical Cannabis Market is projected to grow at a CAGR of 42.29% during the forecast period of 2024 to 2032.
The estimated market value of the Global Medical Cannabis Market for final year is USD 165,295.52 (USD Billion).
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