The use of medical cannabis is expected to continue to grow in Australia over the coming decade. In recent years, there has been a significant increase in the number of patients accessing medical cannabis in the country, and this trend is likely to continue.
According to a report by Prohibition Partners, the number of medical cannabis patients in Australia is expected to reach over 330,000 by 2025, representing a significant increase from the estimated 25,000 patients who were accessing medical cannabis in 2020. This growth is driven by a range of factors, including increased awareness of the potential benefits of medical cannabis, the expansion of medical cannabis access pathways, and a growing body of clinical evidence supporting the use of medical cannabis for a range of conditions.
Several factors are expected to contribute to the growth of the medical cannabis market in Australia over the coming decade. One key driver is the increasing number of medical professionals who are becoming educated on medical cannabis and its potential applications. This is likely to result in more patients being referred to medical cannabis clinics and prescribed medical cannabis as a treatment option.
Another factor is the expansion of the Australian medical cannabis industry, with an increasing number of domestic and international companies investing in local cultivation and manufacturing facilities. This is likely to result in increased production of medical cannabis products, leading to more affordable and accessible options for patients.
Overall, the medical cannabis market in Australia is expected to continue to grow over the coming decade, with increasing numbers of patients accessing medical cannabis as a treatment option and the industry continuing to expand and innovate.