Global Medical Cannabis Market, by Hospital pharmacy, 2018-2027

Growth Outlook

• The 2027 portion of the Global Medical Cannabis Market, by Hospital pharmacy, 2018 market is on a steady long-term growth path. Segment value stands at roughly USD 16271 Mn in 2026 and is projected to reach USD 18631 Mn by 2027 — a gain of about 15% over the forecast period, translating to a CAGR in the double digits.
• Global Medical Cannabis Market has been on the rise in the recent years and is expected to continue its upward trend for the foreseeable future. The demand for medical cannabis has been steadily increasing due to its potential therapeutic benefits and the increasing legalization of cannabis for medical use in various countries.
• 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 13108 Mn, with Europe at USD 4103 Mn.

Market Dynamics

Global Medical Cannabis Market has been on the rise in the recent years and is expected to continue its upward trend for the foreseeable future. The demand for medical cannabis has been steadily increasing due to its potential therapeutic benefits and the increasing legalization of cannabis for medical use in various countries. One of the major factors driving the demand for medical cannabis is its potential to treat a variety of medical conditions such as chronic pain, epilepsy, cancer, and multiple sclerosis. The effectiveness of cannabis in managing these conditions has been supported by various medical studies and patient testimonials. As a result, more patients are seeking medical cannabis as an alternative treatment option, thus driving the demand for it. Another factor contributing to the demand for medical cannabis is the increasing legalization and decriminalization of cannabis for medical purposes. Currently, only a handful of countries have fully legalized cannabis for all purposes, while many others have legalized it for medical use. The growing acceptance of medical cannabis by governments and healthcare systems has increased its availability and accessibility, further boosting the demand for it.

Moreover, the rise in healthcare spending and the increasing focus on patient-centered care have also led to the demand for medical cannabis. With a growing number of patients seeking alternative treatments and a more personalized approach to managing their health conditions, healthcare providers are incorporating medical cannabis into their practices. This has led to an increase in medical cannabis prescriptions and purchases from hospital pharmacies. The demand for medical cannabis has also been supported by the development of various strains and formulations of cannabis. With advancements in medical technology and research, cannabis can now be tailored to suit specific medical conditions. This has increased the effectiveness of medical cannabis and has boosted its demand in the medical community. However, despite the increasing demand for medical cannabis, there are still many challenges that hinder its availability and accessibility. These include regulatory restrictions, lack of education and training for healthcare providers, and limited insurance coverage. As the medical cannabis market continues to grow, these challenges need to be addressed to ensure its safe and responsible use. In conclusion, the demand for medical cannabis is driven by its potential therapeutic benefits, increasing legalization, growing healthcare spending, and advancements in medical technology.

As its use becomes more mainstream and accepted, the demand for medical cannabis is expected to continue growing, especially in hospital pharmacies where patients can access it more easily.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.