Canada Cannabis Pharmaceuticals Market Size & Outlook
Canada cannabis pharmaceuticals market, 2018-2030 (US$M)
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Canada cannabis pharmaceuticals market highlights
- The Canada cannabis pharmaceuticals market generated a revenue of USD 260.4 million in 2023 and is expected to reach USD 11,585.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 72% from 2024 to 2030.
- In terms of segment, other brands was the largest revenue generating brand type in 2023.
- Other Brands is the most lucrative brand type segment registering the fastest growth during the forecast period.
Cannabis pharmaceuticals market data book summary
| Market revenue in 2023 | USD 260.4 million |
| Market revenue in 2030 | USD 11,585.2 million |
| Growth rate | 72% (CAGR from 2023 to 2030) |
| Largest segment | Other brands |
| Fastest growing segment | Other Brands |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sativex, Other Brands |
| Key market players worldwide | Jazz Pharmaceuticals PLC, AbbVie Inc, Insys Therapeutics, Bausch Health Companies Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 7.6% of the global cannabis pharmaceuticals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cannabis pharmaceuticals market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 11,585.2 million by 2030.
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Cannabis Pharmaceuticals Market Scope
Cannabis Pharmaceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada cannabis pharmaceuticals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabis pharmaceuticals market will help companies and investors design strategic landscapes.
Other brands was the largest segment with a revenue share of 97.47% in 2023. Horizon Databook has segmented the Canada cannabis pharmaceuticals market based on sativex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is known for favorable government policies with respect to cannabis, its production, sale, and manufacturing. It was one of the first countries to approve the cannabis-based drug Sativex. In 2005, Sativex was approved by the Canadian government under the Notice of Compliance with Conditions policy.
It was approved for use in patients who have multiple sclerosis as an adjunctive therapy for neuropathic pain caused due to this condition.
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Our clientele includes a mix of cannabis pharmaceuticals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Canada cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Canada Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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