Exploring Key Insights of the Cannabis Use Disorder Market: Growth Prospects, Emerging Trends, and Opportunities
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How has the cannabis use disorder market grown over the years?
In the past few years, there has been substantial growth in the market size of cannabis use disorder. This market, currently valued at $1.53 billion in 2024, is projected to rise to $1.66 billion in 2025, due to a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the historical period include the decriminalization and legalization of cannabis, heightened public consciousness around mental health and addiction, the progression of research and clinical studies on cannabis, developments in addiction therapy and behavioural treatment, and enhanced access to treatment through digital health platforms.
What Is the forecasted market size and growth rate for the cannabis use disorder market?
Anticipated to experience robust growth in the coming years, the market size for cannabis use disorder is projected to expand to $2.22 billion by 2029, representing a compound annual growth rate (CAGR) of 7.5%. This predicted growth in the forecast period can be credited to factors such as widened cannabis legalization and regulation, heightened awareness for mental health and integrated care models, developments in pharmacological treatments and FDA approvals, the emergence of digital therapeutics and telehealth services, as well as increased funding towards research and evidence-based treatments. The forecast period is likely to see major trends such as digital and mobile health interventions, rising studies supporting psilocybin-assisted therapy, improvements in treatment methods, acceptance of personalized medicine, and advancements in biotechnological fields.
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What are the major factors driving growth in the cannabis use disorder market?
The growth of the cannabis use disorder market is expected to be spurred by the rising understanding and diagnosis of cannabis dependency. This includes educating the general population, medical practitioners, and individuals about the indicators, symptoms, and dangers associated with cannabis use disorder (CUD). Factors such as the increasing legalization and accessibility of cannabis, and heightened scientific and medical acknowledgment, are driving the surge in awareness and diagnoses of cannabis dependency. The structured approach of cannabis use disorder treatment, dealing with withdrawal symptoms, cravings reduction, and tackling underlying psychological issues, provides a direct contribution to cannabis addiction diagnoses. It provides clinical proof of dependency trends, emphasizes the disorder’s gravity, and recommends the right intervention level based on specific individual needs. For example, data from the UK Government’s Office for Health Improvement and Disparities show that in December 2023, there has been a 2% increase in people seeking treatment for cannabis-related problems, from 28,263 in 2021 to 28,845 in 2022. Hence, the escalating understanding and diagnosing of cannabis dependency are fuelling the expansion of the cannabis use disorder market.
What key areas define the segmentation of the global cannabis use disorder Market?
The cannabis use disorder market covered in this report is segmented –
1) By Treatment: Pharmacotherapy, Behavioral Therapies
2) By Route Of Administration: Oral, Transdermal, Inhalation, Sublingual
3) By End-User: Hospitals, Specialty Clinics, Rehabilitation Centers, Homecare Settings
Subsegments:
1) By Pharmacotherapy: Cannabinoid-Based Medications, Antidepressants, Antipsychotics, Benzodiazepines
2) By Behavioral Therapies: Cognitive Behavioral Therapy (CBT), Contingency Management, Motivational Enhancement Therapy (MET), 12-Step Facilitation Therapy
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What are the top market players propelling the growth of the cannabis use disorder industry?
Major companies operating in the cannabis use disorder market are Lyra Health Inc., Pyramid Healthcare Inc., Hazelden Betty Ford Foundation, Charlie Health, Caron Treatment Center, Promises Behavioral Health, Sierra Tucson, Samarpan, Affect Therapeutics Inc., Cadabam’s Rehabilitation Center, Aelis Farma, Skywood Recovery, Pelago, PleoPharma Inc., Abhasa, Marijuana Anonymous, Northpoint Colorado, Sukoon Health, Granite Mountain Behavioral Healthcare, GreeneStone
What key trends are currently impacting the cannabis use disorder market’s development?
Leading firms in the cannabis use disorder industry are prioritizing the creation of a superior substance use management option to supply personalized treatment to those affected by cannabis dependence. This solution is a comprehensive system designed to prevent, handle, and treat substance use disorders, aiding people in overcoming addiction to substances like cannabis. It prioritizes long-lasting recovery, prevention of relapse, and the enhancement of overall health. For instance, in April 2024, Pelago, a virtual clinic headquartered in the U.S. and specializing in substance use management, launched a CUD treatment program. This program was designed to handle the escalating occurrences of CUD in the U.S., which affect nearly 18 million adult residents. Pelago’s strategy involves educating the public about cannabis use and granting access to treatment based on evidence, such as motivational enhancement therapy and cognitive behavioral therapy. The program also caters to adolescents aged between 15 and 17 years, emphasizing on attaining goals based on abstinence.
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What regions are dominating the cannabis use disorder market growth?
North America was the largest region in the cannabis use disorder market in 2024. The regions covered in the cannabis use disorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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