India Medical Cannabis Market to 2032
Overview
The India Medical Cannabis Market is expected to reach a 1,438.03 USD Billion by 2032 and is projected to grow at a CAGR of 39.51% from 2025 to 2032.
Revenue, 2024 (USD Billion)
255.59
Forecast, 2032 (USD Billion)
1,438.03
CAGR, 2024 - 2032
39.51%
Report Coverage
India
India Medical Cannabis Market 2018-2032 USD Billion
India Medical Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 255.59 USD Billion
- Projected Market Size (2032): 1,438.03 USD Billion
- CAGR (2025-2032): 39.51%
Key Findings of India Medical Cannabis Market
- The India Medical Cannabis Market was valued at 255.59 USD Billion in 2024.
- The India Medical Cannabis Market is likely to grow at a CAGR of 39.51% 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 164.05 USD Billion
- The fastest growing segment Pain Management in Application Segment grew Fastest with a CAGR of 46.40% during the forecast period from 2024 to 2032.
India Medical Cannabis Market Scope
India Medical Cannabis Market Segmentation & Scope
Application
- Elevate Mood
- Mental Health Conditions
- Autism
- Multiple Sclerosis
- Depression And Sleep Disorders
- Epilepsy
- Alzheimer'S Disease/Migranes
- Arthritis
- Others
- Cancer
- Appetite Loss
- Nausea
- Muscle Spasms
- Anxiety
- Pain Management
Product
- Cleanser
- Masks & Serum
- Patch
- Ground Flower
- Creams & Moisturizer
- Whole Flower
- Vape Pen
- Medical Cannabis Capsules
- Others
- Dried Medical Cannabis
- Oil
Source
- Synthetic
- Natural
Species
- Cannabis Indica
- Hybrid
- Sativa
Derivatives
- Cannabinol (CBN)
- Others
- Cannabigerol (CBG)
- Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol
- Cannabidiol (CBD)
End User
- Others
- Research And Development Centers
- Pharmaceutical Industry
- Rehab Centers
- Hospital
- Homecare Setting
Distribution Channel
- B2B
- B2C
Route of Administration
- Others
- Vaporizers
- Topicals
- Smoking
- Oral Solutions And Capsules
India Medical Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 255.59 USD Billion |
| Market Value in 2032 | 1,438.03 USD Billion |
| CAGR (2025-2032) | 39.51% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Product,Source,Species,Derivatives,End User,Distribution Channel,Route of Administration |
Regional Insights:
-
Leading Market (2024-2032): India, leading in terms of revenue 255.59 USD Billion in 2024
- Key Country: India, leading in terms of revenue with value of 255.59 USD Billion in 2024.
Segments and Scope
-
India Medical Cannabis Market to 2032, By Application
- Pain Management is the largest segment in India Medical Cannabis Market to 2032 with a revenue of 59.08 USD Billion in the year 2024.
- Pain Management is the Fastest growing segment in India Medical Cannabis Market to 2032 with a Growth rate of 46.40 % in forecast period 2025-2032.
-
India Medical Cannabis Market to 2032, By Product
- Oil is the largest segment in India Medical Cannabis Market to 2032 with a revenue of 65.14 USD Billion in the year 2024.
- Oil is the Fastest growing segment in India Medical Cannabis Market to 2032 with a Growth rate of 46.37 % in forecast period 2025-2032.
-
India Medical Cannabis Market to 2032, By Source
- Natural is the largest segment in India Medical Cannabis Market to 2032 with a revenue of 151.17 USD Billion in the year 2024.
- Natural is the Fastest growing segment in India Medical Cannabis Market to 2032 with a Growth rate of 41.54 % in forecast period 2025-2032.
-
India Medical Cannabis Market to 2032, By Species
- Sativa is the largest segment in India Medical Cannabis Market to 2032 with a revenue of 164.05 USD Billion in the year 2024.
- Sativa is the Fastest growing segment in India Medical Cannabis Market to 2032 with a Growth rate of 40.94 % in forecast period 2025-2032.
-
India Medical Cannabis Market to 2032, By Derivatives
- Cannabidiol (CBD) is the largest segment in India Medical Cannabis Market to 2032 with a revenue of 163.28 USD Billion in the year 2024.
- Cannabidiol (CBD) is the Fastest growing segment in India Medical Cannabis Market to 2032 with a Growth rate of 41.16 % in forecast period 2025-2032.
-
India Medical Cannabis Market to 2032, By End User
- Homecare Setting is the largest segment in India Medical Cannabis Market to 2032 with a revenue of 94.07 USD Billion in the year 2024.
- Rehab Centers is the Fastest growing segment in India Medical Cannabis Market to 2032 with a Growth rate of 40.47 % in forecast period 2025-2032.
-
India Medical Cannabis Market to 2032, By Distribution Channel
- B2C is the largest segment in India Medical Cannabis Market to 2032 with a revenue of 160.23 USD Billion in the year 2024.
- B2C is the Fastest growing segment in India Medical Cannabis Market to 2032 with a Growth rate of 41.26 % in forecast period 2025-2032.
-
India Medical Cannabis Market to 2032, By Route of Administration
- Oral Solutions And Capsules is the largest segment in India Medical Cannabis Market to 2032 with a revenue of 140.45 USD Billion in the year 2024.
- Smoking is the Fastest growing segment in India Medical Cannabis Market to 2032 with a Growth rate of 40.32 % in forecast period 2025-2032.
India Medical Cannabis Market Company Share Analysis
| Company Name |
|
||
| Medipharm Labs | |||
| Tilray | |||
| Zenabis Global Ltd. | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
India Medical Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
India Medical Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The India Medical Cannabis Market is segmented based on Segmentation Application,Product,Source,Species,Derivatives,End User,Distribution Channel,Route of Administration.
India Medical Cannabis Market was valued at USD 255.59(Revenue in USD Billion) in 2020.
India Medical Cannabis Market is projected to grow at a CAGR of 39.51% during the forecast period of 2024 to 2032.
The Sativa segment is expected to dominate the India Medical Cannabis Market, holding a largest market share of 164.05 USD Billion in 2024
India Medical Cannabis Market Scope
India Medical Cannabis Market Segmentation & Scope
Application
- Elevate Mood
- Mental Health Conditions
- Autism
- Multiple Sclerosis
- Depression And Sleep Disorders
- Epilepsy
- Alzheimer'S Disease/Migranes
- Arthritis
- Others
- Cancer
- Appetite Loss
- Nausea
- Muscle Spasms
- Anxiety
- Pain Management
Product
- Cleanser
- Masks & Serum
- Patch
- Ground Flower
- Creams & Moisturizer
- Whole Flower
- Vape Pen
- Medical Cannabis Capsules
- Others
- Dried Medical Cannabis
- Oil
Source
- Synthetic
- Natural
Species
- Cannabis Indica
- Hybrid
- Sativa
Derivatives
- Cannabinol (CBN)
- Others
- Cannabigerol (CBG)
- Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol
- Cannabidiol (CBD)
End User
- Others
- Research And Development Centers
- Pharmaceutical Industry
- Rehab Centers
- Hospital
- Homecare Setting
Distribution Channel
- B2B
- B2C
Route of Administration
- Others
- Vaporizers
- Topicals
- Smoking
- Oral Solutions And Capsules
Frequently Asked Questions
The India Medical Cannabis Market is segmented based on Segmentation Application,Product,Source,Species,Derivatives,End User,Distribution Channel,Route of Administration.
India Medical Cannabis Market was valued at USD 255.59(Revenue in USD Billion) in 2020.
India Medical Cannabis Market is projected to grow at a CAGR of 39.51% during the forecast period of 2024 to 2032.
The estimated market value of the India Medical Cannabis Market for final year is USD 1,438.03 (USD Billion).
India Medical Cannabis Market Company Profiling
Frequently Asked Questions
The India Medical Cannabis Market is segmented based on Segmentation Application,Product,Source,Species,Derivatives,End User,Distribution Channel,Route of Administration.
India Medical Cannabis Market was valued at USD 255.59(Revenue in USD Billion) in 2020.
India Medical Cannabis Market is projected to grow at a CAGR of 39.51% during the forecast period of 2024 to 2032.
The estimated market value of the India Medical Cannabis Market for final year is USD 1,438.03 (USD Billion).
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