Charts & Stats

Global Medical Cannabis Market, by Depression, 2018-2027

By Depression, the market is segmented into Americas, Europe, Asia-Pacific, and Middle East & Africa (2018-2027)

Author: Wantstats Research TeamSource: Wantstats Repository
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Global Medical Cannabis Market, by Depression, 2018-2027 — full underlying data
LabelAmericasEuropeAsia-PacificMiddle East & Africa
2018378.27 USD Mn23.02 USD Mn1.45 USD Mn0.48 USD Mn
2019508.67 USD Mn21.9 USD Mn1.52 USD Mn1.96 USD Mn
2020650.74 USD Mn20.7 USD Mn4.93 USD Mn4.19 USD Mn
2021778.77 USD Mn39.48 USD Mn9.03 USD Mn7.2 USD Mn
2022906.79 USD Mn63.66 USD Mn20.15 USD Mn11.13 USD Mn
20231051.58 USD Mn102.61 USD Mn36.41 USD Mn16.4 USD Mn
20241215.32 USD Mn165.36 USD Mn57.95 USD Mn23.49 USD Mn
20251392.94 USD Mn333.06 USD Mn83.2 USD Mn34.18 USD Mn
20261590.5 USD Mn438.98 USD Mn110.06 USD Mn45.94 USD Mn
20271807.23 USD Mn567.45 USD Mn136.63 USD Mn60.44 USD Mn

Data Source: Wantstats Repository

Wantstats

Growth Outlook

  • The 2027 portion of the Global Medical Cannabis Market, by Depression, 2018 market is on a steady long-term growth path. Segment value stands at roughly USD 2185 Mn in 2026 and is projected to reach USD 2572 Mn by 2027 — a gain of about 18% over the forecast period, translating to a CAGR in the double digits.
  • Across all 4 series, Americas sits on top as of 2027: 1. 81B USD, or 70% of everything shown here combined.
  • What the regional split looks like (2026): Americas leads, holding roughly 73% of segment value — the single largest regional share. Europe is the second-largest contributor. Asia-Pacific and Middle East & Africa make up the remainder, in descending order.
  • By 2027, Americas alone is expected to reach USD 1807 Mn, with Europe at USD 567 Mn.

Market Dynamics

Across all 4 series, Americas sits on top as of 2027: 1.81B USD, or 70% of everything shown here combined.

Europe is runner-up at 567.45M USD — 69% off the lead.

Americas grows to 1.81B USD by 2027, from 378.27M USD in 2018 — 378% up.

Europe: up 2365% over the period, 23.02M USD to 567.45M USD.

Asia-Pacific climbs from 1.45M USD (2018) to 136.63M USD (2027), a 9323% gain.

Middle East & Africa: 480.00K USD in 2018 to 60.44M USD by 2027, up 12492%.

By rate of change, not size, Middle East & Africa is the standout — 12492% growth, faster than the rest of the group.

Add every series together and the total reaches 2.57B USD by 2027, 538% above the 2018 combined figure of 403.22M USD.

Reading A Multi-Series Chart

With 4 series on one chart, the shape that matters is how the ranking shifts over time, not just where each line starts or ends.

The largest series today is not guaranteed to stay largest — check the growth rate of each group, not just its current size, before projecting the ranking forward.

For planning purposes, the end-year figure and the growth rate are the two numbers that matter. Together they show how large the Global Medical Cannabis market is projected to become and how quickly it gets there.

Figures before the 2018 base year are historical estimates; the years through 2027 are projections built from industry data, company revenues, and primary interviews. Forecasts are revised as new data comes in, so check the full report for the latest assumptions.

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Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.