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What Is the Growth Rate of the Cannabis Use Disorder Market?
There has been robust growth in the cannabis use disorder market in the past few years. The market is projected to rise from $1.53 billion in 2024 to $1.66 billion in 2025, recording a compound annual growth rate (CAGR) of 7.9%. Several factors have driven this historical growth, which includes the decriminalization and legalization of cannabis, an increase in public awareness surrounding mental health and addiction, progression in cannabis research and clinical studies, advancements in addiction treatment and behavioral therapy, and enhanced accessibility to treatment via digital health platforms.
What Growth Rate Is Forecasted for the Cannabis Use Disorder Market by 2029?
The market size for cannabis use disorder is anticipated to experience robust growth in the coming years, reaching $2.22 billion by 2029 at a 7.5% compound annual growth rate (CAGR). The boom in the projection period can be credited to the broadening legalization and regulation of cannabis, the growth of mental health awareness and integrated care models, advancements in pharmacological therapies and FDA approvals, the emergence of digital therapeutics and telehealth services, and enhanced investment in research and evidence-based treatments. Notable trends during the forecast period comprise of digital and mobile health initiatives, new studies proposing psilocybin-assisted therapy, progress in treatment alternatives, the uptake of personalized medicine, and strides made in biotechnology.
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Which Key Companies Are Shaping the Future of the Cannabis Use Disorder Market?
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
Which Factors Are Driving Demand in the Cannabis Use Disorder Industry?
The growth of the cannabis use disorder market is anticipated to be fueled by the increase in awareness and diagnosis of cannabis addiction. This entails educating healthcare professionals, individuals, and the public about the symptoms, signs, and risks associated with cannabis use disorder (CUD). Some of the reasons behind the rise in awareness and diagnosis of cannabis addiction include wider medical and scientific recognition, increased availability, and legalization of cannabis. Treatment for cannabis use disorder provides a systematic approach for managing withdrawal symptoms, curbing cravings, and addressing psychological factors. This, in turn, makes it possible to diagnose cannabis addiction by facilitating the provision of clinical evidence of dependency trends. It also helps underline the seriousness of the disorder and guide the necessary level of intervention according to the specific needs of the individual. For example, in December 2023, the Office for Health Improvement and Disparities, a UK-based government department, indicated that the number of people seeking treatment for cannabis-related problems has gone up by 2% this year, from 28,263 in 2021, to 28,845 in 2022. Consequently, the growing awareness and diagnosis of cannabis addiction is propelling the expansion of the cannabis use disorder market.
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How Is the Cannabis Use Disorder Market Segmented by Several Divisions?
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
What are the Emerging Market Trends Driving the Growth of the Cannabis Use Disorder Industry?
Leading players in the cannabis use disorder market are prioritizing the development of innovative substance use management solutions tailored to those battling cannabis addiction. The concept of a substance use management solution is a comprehensive system designed for the prevention, treatment, and management of substance use disorders, thereby assisting individuals in overcoming reliance on substances like cannabis. Its primary focus lies in long-term recovery, reducing the likelihood of relapses, and boosting overall well-being. For example, in April 2024, Pelago, a US-based virtual clinic specializing in substance use management, launched a treatment program for cannabis use disorder (CUD). The program was designed to tackle the increasing prevalence of CUD in the U.S., which impacts nearly 18 million adults. By educating individuals on cannabis use and offering access to evidence-based treatment like cognitive behavioral therapy and motivational enhancement therapy, Pelago has targeted their program. This program also accommodates adolescents aged 15-17, with a focus on promoting abstinence-based objectives.
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Which Regions Are Driving Growth in the Cannabis Use Disorder Market?
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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This Report Delivers Insight On:
1. How big is the cannabis use disorder market, and how is it changing globally?
2. Who are the major companies in the cannabis use disorder market, and how are they performing?
3. What are the key opportunities and risks in the cannabis use disorder market right now?
4. Which products or customer segments are growing the most in the cannabis use disorder market?
5. What factors are helping or slowing down the growth of the cannabis use disorder market?
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