Global Medical Cannabis Market, by Pain Management, 2018-2027

Growth Outlook

• The 2027 portion of the Global Medical Cannabis Market, by Pain Management, 2018 market is on a steady long-term growth path. Segment value stands at roughly USD 13393 Mn in 2026 and is projected to reach USD 15313 Mn by 2027 — a gain of about 14% over the forecast period, translating to a CAGR in the double digits.
• The global medical cannabis market has been witnessing a growing demand in recent years, particularly in the field of pain management. This can be attributed to the increasing prevalence of chronic pain conditions and the rising awareness of the potential benefits of medical cannabis in providing relief.
• 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 10767 Mn, with Europe at USD 3375 Mn.

Market Dynamics

The global medical cannabis market has been witnessing a growing demand in recent years, particularly in the field of pain management. This can be attributed to the increasing prevalence of chronic pain conditions and the rising awareness of the potential benefits of medical cannabis in providing relief. Pain management is one of the most common uses of medical cannabis, as it has been found to be effective in alleviating various types of pain including neuropathic pain, inflammatory pain, and cancer-related pain. In fact, according to a study published by the National Institutes of Health, medical cannabis has been found to reduce chronic pain by an average of 42%. One of the key drivers of the demand for medical cannabis in pain management is the opioid crisis. Opioids have long been the go-to treatment for chronic pain, but they come with a number of negative side effects and potential for abuse. As a result, many patients and healthcare providers are turning to medical cannabis as a safer and more natural alternative. In addition, the legalization of medical cannabis in various countries and states has also contributed to the growing demand.

With more governments recognizing the potential medical benefits of cannabis, the stigma surrounding its use for pain management is gradually diminishing. This has led to an increase in patient acceptance and willingness to try medical cannabis as a treatment option. Moreover, the development of advanced delivery methods such as oils, tinctures, and patches has made medical cannabis more accessible and convenient for patients. This has further fueled the demand for medical cannabis in pain management, as these methods offer a more precise and controlled dosage. However, the demand for medical cannabis for pain management is not without its challenges. Despite the growing evidence of its effectiveness, there is still a lack of research and clinical trials to support its use. This has led to uncertainty and hesitation among some healthcare providers and patients. In conclusion, the demand for medical cannabis in pain management is on the rise, driven by the increasing awareness of its potential benefits and the growing opioid crisis. As more countries legalize its use and more research is conducted, the demand for medical cannabis in pain management is expected to continue to grow in the coming years.

Research Methodology

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