na medical cannabis market

NA Medical Cannabis Market - Industry Trends and Forecast to 2030

  • Published Date: 2023-08-18
  • Report ID: 145475
  • Pages: 250
  • Format: prudent report format

The North America medical cannabis market is expected to reach USD 44,585.21 million by 2030 from USD 8,452.33 million in 2022, growing at a CAGR of 23.2% during the forecast period of 2023 to 2030.

Market Segmentation
North America Medical Cannabis Market, By Product (Oil, Medical Cannabis Capsules, Patch, Whole Flower, Ground Flower, Vape Pen, Dried Medical Cannabis, Creams & Moisturizer, Masks & Serum, Cleanser, and Others), Source (Natural and Synthetic), Species (Cannabis Indica, Sativa, and Hybrid), Application (Alzheimers Disease, Appetite Loss, Cancer, Inflammatory Bowel Diseases, Eating Disorders, Epilepsy, Autism, Mental Health Conditions, Multiple Sclerosis, Pain Management, Nausea, Muscle Spasms, Wasting Syndrome (Cachexia), Elevate Mood, Depression and Sleep Disorders, Anxiety, and Others), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC), Delta-8-tetrahydrocannabinol, Cannabinol (CBN), Cannabicyclol (CBL), Cannabichromene (CBC), Cannabigerol (CBG), and Others), Treatment Type (Expectorant, Antiviral, Analgesic, Aphrodisiac, Psychedelic, and Others), Route of Administration (Oral Solutions and Capsules, Smoking, Vaporizers, Topicals, and Others), End User (Pharmaceutical Industry, Research and Development Centers, Homecare Setting, Hospital, Rehab Centers, and Others), Distribution Channel (B2B and B2C), Country (U.S., Canada, and Mexico) Industry Trends and Forecast to 2030

Overview of North America Medical Cannabis Market Dynamics

Driver
Increased medical use of cannabis
Restraint

The complex regulatory structure for the usage of cannabis

Opportunity

Novel product development with increasing R&D activities

Market Players

Some of the major market players operating in the North America medical cannabis market are:

MediPharm Labs Inc.
Tilray
Aurora Cannabis
JAZZ Pharmaceuticals Inc. (GW Pharmaceuticals plc)
HEXO Corp. (Zenabis Global Ltd)
Cresco Labs
Peace Naturals Project Inc.
CANOPY GROWTH CORPORATION
Medical Marijuana, Inc.
Seed Cellar
EcoGen Biosciences
CANNABIS SEEDS USA
Seeds For Me
HUMBOLDT SEED COMPANY
Extractas
World Class Cannabis Seeds (Crop King Seeds)
BARNEY'S FARM
FOLIUM BIOSCIENCES
PharmaHemp
Elixinol Global Limited
ENDOCA
Harmony
MARYS nutritionals, LLC
Pure Ratios
Greenwich Biosciences, Inc.
Upstate Elevator Supply Co.
Apothecanna
BOL Pharma
IDT Australia


TABLE OF CONTENTS
1 INTRODUCTION 156
1.1 OBJECTIVES OF THE STUDY 156
1.2 MARKET DEFINITION 156
1.3 OVERVIEW OF THE NORTH AMERICA MEDICAL CANNABIS MARKET 156
1.4 LIMITATIONS 158
1.5 MARKETS COVERED 159
2 MARKET SEGMENTATION 168
2.1 MARKETS COVERED 168
2.2 GEOGRAPHICAL SCOPE 169
2.3 YEARS CONSIDERED FOR THE STUDY 170
2.4 CURRENCY AND PRICING 170
2.5 DBMR TRIPOD DATA VALIDATION MODEL 171
2.6 MULTIVARIATE MODELLING 174
2.7 PRODUCT LIFELINE CURVE 174
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 175
2.9 DBMR MARKET POSITION GRID 176
2.10 MARKET APPLICATION COVERAGE GRID 178
2.11 VENDOR SHARE ANALYSIS 179
2.12 SECONDARY SOURCES 180
2.13 ASSUMPTIONS 180
3 EXECUTIVE SUMMARY 181
4 PREMIUM INSIGHTS 184
4.1 PESTEL ANALYSIS 187
4.2 PORTERS FIVE FORCES 188
5 INDUSTRY INSIGHTS 189
5.1 INDUSTRY INSIGHTS PATENT ANALYSIS 189
5.2 DRUG TREATMENT RATE BY MATURED MARKETS 196
5.3 DEMOGRAPHIC TRENDS: IMPACTS ON ALL INCIDENCE RATES 197
5.4 PATIENT FLOW DIAGRAM 198
5.5 KEY PRICING STRATEGIES 199
5.6 KEY PATIENT ENROLLMENT STRATEGIES 200
6 REGULATORY SCENARIO 201
6.1 U.S. 201
6.2 CANADA 202
6.3 MEXICO 203
7 MARKET OVERVIEW 205
7.1 DRIVERS 206
7.1.1 INCREASED USE OF CANNABIS IN MEDICINES 206
7.1.2 LEGALIZATION OF CANNABIS 206
7.1.3 STRATEGIC INITIATIVES TAKEN BY KEY PLAYERS 206
7.1.4 RISE IN THE PREVALENCE OF DISEASES THAT REQUIRE THE USE OF CANNABIS 207
7.2 RESTRAINTS 208
7.2.1 COMPLEX REGULATORY STRUCTURE FOR THE USAGE OF CANNABIS 208
7.2.2 ADVERSE EFFECTS DUE TO LONG-TERM USE 208
7.2.3 HIGH-COST PURCHASING AND RUSH FOR PREMIUM QUALITY 209
7.3 OPPORTUNITIES 209
7.3.1 NOVEL PRODUCT DEVELOPMENT WITH INCREASING R&D ACTIVITIES 209
7.3.2 INCREASED ADOPTION OF CANNABIS FOR RECREATIONAL PURPOSES 209
7.3.3 GROWING GERIATRIC POPULATION 210
7.4 CHALLENGES 210
7.4.1 RISE OF THE CANNABIS BLACK MARKET 210
7.4.2 SIDE EFFECTS RELATED TO THE USE OF CANNABIS 211
7.4.3 SHORTAGE OF SKILLED PERSONNEL 211
8 NORTH AMERICA MEDICAL CANNABIS MARKET, BY PRODUCT 212
8.1 OVERVIEW 213
8.2 OIL 217
8.2.1 OIL, BY TYPE 217
8.2.1.1 CBD OIL CONCENTRATES 217
8.2.1.2 CBD VAPE OIL 218
8.2.1.3 CBD TINCTURES 218
8.2.2 OIL, BY SOURCE 218
8.2.2.1 HEMP BASED 218
8.2.2.2 MARIJUANA BASED 218
8.2.3 OIL, BY SPECIES 218
8.2.3.1 SATIVA 218
8.2.3.2 HYBRID 219
8.2.3.3 CANNABIS INDICA 219
8.2.4 OIL, BY PRODUCT TYPE 219
8.2.4.1 BRANDED 219
8.2.4.1.1 PENGUIN CBD OIL 219
8.2.4.1.2 FAB CBD OIL 220
8.2.4.1.3 GREEN ROADS BROAD SPECTRUM CBD OIL 220
8.2.4.1.4 OTHERS 220
8.2.4.2 GENERIC 220
8.3 DRIED MEDICAL CANNABIS 220
8.3.1 CANNABIS INDICA 221
8.3.2 SATIVA 221
8.3.3 HYBRID 221
8.4 MEDICAL CANNABIS CAPSULES 222
8.4.1 MEDICAL CANNABIS CAPSULES, BY TYPE 222
8.4.1.1 OIL BASED CANNABIS CAPSULES 223
8.4.1.2 POWDER BASED CANNABIS CAPSULES 223
8.4.1.3 LIQUID BASED CANNABIS CAPSULES 223
8.4.1.4 OTHERS 223
8.4.2 MEDICAL CANNABIS CAPSULES, BY CONCENTRATES 223
8.4.2.1 HIGH CBD CAPSULES DIGITAL 223
8.4.2.2 HIGH THC CAPSULE 223
8.4.2.3 THC/CBD BALANCED CAPSULE 224
8.4.2.4 CBD ISOLATE CAPSULE 224
8.4.3 MEDICAL CANNABIS CAPSULES, BY SPECIES 224
8.4.3.1 SATIVA 224
8.4.3.2 CANNABIS INDICA 224
8.4.4 MEDICAL CANNABIS CAPSULES, BY PRODUCT TYPE 224
8.4.4.1 BRANDED 225
8.4.4.1.1 JOY NUTRITION 225
8.4.4.1.2 MEDTERRA ISOLATE CBD GEL CAPSULES 225
8.4.4.1.3 LAZARUS NATURALS 225
8.4.4.1.4 OTHERS 225
8.4.4.2 GENERIC 225
8.5 VAPE PEN 225
8.5.1 VAPE PEN, BY SPECIES 226
8.5.1.1 SATIVA 226
8.5.1.2 HYBRID 226
8.5.1.3 CANNABIS INDICA 227
8.5.2 VAPE PEN, BY PRODUCT TYPE 227
8.5.2.1 BRANDED 227
8.5.2.1.1 KANDYPENS RUBI 227
8.5.2.1.2 SOL E-NECTAR COLLECTOR 227
8.5.2.1.3 PAX ERA PRO-OIL VAPE PEN 228
8.5.2.2 GENERIC 228
8.6 WHOLE FLOWER 228
8.6.1 WHOLE FLOWER, SPECIES 228
8.6.1.1 SATIVA 229
8.6.1.2 HYBRID 229
8.6.1.3 CANNABIS INDICA 229
8.6.2 WHOLE FLOWER, PRODUCT TYPE 229
8.6.2.1 BRANDED 230
8.6.2.1.1 ASTER FARMS 230
8.6.2.1.2 RA FLOWER 230
8.6.2.1.3 BAD APPLE 230
8.6.2.2 GENERIC 230
8.7 CREAMS & MOISTURIZER 231
8.7.1 CREAMS & MOISTURIZER, BY SPECIES 231
8.7.1.1 SATIVA 232
8.7.1.2 HYBRID 232
8.7.1.3 CANNABIS INDICA 232
8.7.2 CREAMS & MOISTURIZER, BY PRODUCT TYPE 232
8.7.2.1 BRANDED 232
8.7.2.1.1 CBDFX MUSCLE & JOINT 233
8.7.2.1.2 ASPEN GREEN MUSCLE RELIEF COOLING CREAM 233
8.7.2.1.3 MEDTERRA PAIN CREAM 233
8.7.2.2 GENERIC 233
8.8 GROUND FLOWER 233
8.8.1 GROUND FLOWER, BY SPECIES 234
8.8.1.1 SATIVA 234
8.8.1.2 HYBRID 234
8.8.1.3 CANNABIS INDICA 234
8.8.2 GROUND FLOWER, BY PRODUCT TYPE 234
8.8.2.1 BRANDED 235
8.8.2.1.1 ASTER FARMS 235
8.8.2.1.2 RA FLOWER 235
8.8.2.1.3 BAD APPLE 235
8.8.2.2 GENERIC 235
8.9 PATCH 236
8.9.1 PATCH, BY TYPE 236
8.9.1.1 RESERVOIR 236
8.9.1.2 LAYER DRUG-IN-ADHESIVE 236
8.9.1.3 OTHERS 237
8.9.2 PATCH, BY SPECIES 237
8.9.2.1 SATIVA 237
8.9.2.2 CANNABIS INDICA 237
8.9.2.3 HYBRID 237
8.9.3 PATCH, BY PRODUCT TYPE 237
8.9.3.1 BRANDED 237
8.9.3.1.1 HEMP BOMBS 238
8.9.3.1.2 PUREKANA 238
8.9.3.1.3 PURE RATIOS 238
8.9.3.1.4 RESERVOIR 238
8.9.3.2 GENERIC 238
8.10 MASKS & SERUM 239
8.10.1 MASKS & SERUM, BY SPECIES 239
8.10.1.1 SATIVA 240
8.10.1.2 CANNABIS INDICA 240
8.10.1.3 HYBRID 240
8.10.2 MASKS & SERUM, BY PRODUCT TYPE 240
8.10.2.1 BRANDED 240
8.10.2.1.1 BUMP & SMOOTH CBD 240
8.10.2.1.2 FACIAL ESSENCE 241
8.10.2.1.3 OTHERS 241
8.10.2.2 GENERIC 241
8.11 CLEANSER 241
8.11.1 CLEANSER, BY SPECIES 241
8.11.1.1 SATIVA 242
8.11.1.2 HYBRID 242
8.11.1.3 CANNABIS INDICA 242
8.11.2 CLEANSER, BY PRODUCT TYPE 242
8.11.2.1 BRANDED 243
8.11.2.1.1 KIEHLS 243
8.11.2.1.2 CBD 101 243
8.11.2.1.3 OTHERS 243
8.11.2.2 GENERIC 243
8.12 OTHERS 244
9 NORTH AMERICA MEDICAL CANNABIS MARKET, BY SPECIES 245
9.1 OVERVIEW 246
9.2 SATIVA 249
9.3 HYBRID 250
9.4 CANNABIS INDICA 251
10 NORTH AMERICA MEDICAL CANNABIS MARKET, BY DERIVATIVES 252
10.1 OVERVIEW 253
10.2 CANNABIDIOL (CBD) 256
10.3 TETRAHYDROCANNABINOL (THC)/DELTA-8-TETRAHYDROCANNABINOL 256
10.4 CANNABIGEROL (CBG) 257
10.5 CANNABICHROMENE (CBC) 258
10.6 CANNABINOL (CBN) 259
10.7 CANNABICYCLOL (CBL) 260
10.8 OTHERS 261
11 NORTH AMERICA MEDICAL CANNABIS MARKET, BY APPLICATION 262
11.1 OVERVIEW 263
11.2 PAIN MANAGEMENT 267
11.2.1 PAIN MANAGEMENT, BY TYPE 267
11.2.1.1 CHRONIC PAIN 267
11.2.1.2 NON-CANCER CHRONIC PAIN 268
11.2.1.3 NEUROLOGICAL PAIN 268
11.2.2 PAIN MANAGEMENT, BY PRODUCT 268
11.2.2.1 OIL 268
11.2.2.2 DRIED MEDICAL CANNABIS 268
11.2.2.3 MEDICAL CANNABIS CAPSULES 268
11.2.2.4 PATCH 269
11.2.2.5 GROUND FLOWER 269
11.2.2.6 CREAMS & MOISTURIZER 269
11.2.2.7 VAPE PEN 269
11.2.2.8 WHOLE FLOWER 269
11.2.2.9 MASKS & SERUM 269
11.2.2.10 CLEANSER 269
11.2.2.11 OTHERS 269
11.3 ANXIETY 269
11.3.1 OIL 270
11.3.2 DRIED MEDICAL CANNABIS 270
11.3.3 MEDICAL CANNABIS CAPSULES 271
11.3.4 PATCH 271
11.3.5 GROUND FLOWER 271
11.3.6 CREAMS & MOISTURIZER 271
11.3.7 VAPE PEN 271
11.3.8 WHOLE FLOWER 271
11.3.9 MASKS & SERUM 271
11.3.10 CLEANSER 271
11.3.11 OTHERS 271
11.4 MUSCLE SPASM 272
11.4.1 OIL 273
11.4.2 DRIED MEDICAL CANNABIS 273
11.4.3 MEDICAL CANNABIS CAPSULES 273
11.4.4 PATCH 273
11.4.5 GROUND FLOWER 273
11.4.6 CREAMS & MOISTURIZER 273
11.4.7 VAPE PEN 274
11.4.8 WHOLE FLOWER 274
11.4.9 MASKS & SERUM 274
11.4.10 CLEANSER 274
11.4.11 OTHERS 274
11.5 NAUSEA 274
11.5.1 OIL 275
11.5.2 DRIED MEDICAL CANNABIS 275
11.5.3 MEDICAL CANNABIS CAPSULES 275
11.5.4 PATCH 275
11.5.5 GROUND FLOWER 275
11.5.6 CREAMS & MOISTURIZER 276
11.5.7 VAPE PEN 276
11.5.8 WHOLE FLOWER 276
11.5.9 MASKS & SERUM 276
11.5.10 CLEANSER 276
11.5.11 OTHERS 276
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