Chile Cannabis Pharmaceuticals Market Size & Outlook
Chile cannabis pharmaceuticals market, 2018-2030 (US$M)
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Chile cannabis pharmaceuticals market highlights
- The Chile cannabis pharmaceuticals market generated a revenue of USD 58.5 million in 2023 and is expected to reach USD 1,460.3 million by 2030.
- The Chile market is expected to grow at a CAGR of 58.3% from 2024 to 2030.
- In terms of segment, epidiolex 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 58.5 million |
| Market revenue in 2030 | USD 1,460.3 million |
| Growth rate | 58.3% (CAGR from 2023 to 2030) |
| Largest segment | Epidiolex |
| 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, Epidiolex, 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, Chile accounted for 1.7% 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 Latin America, Brazil cannabis pharmaceuticals market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 7,775.8 million by 2030.
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Cannabis Pharmaceuticals Market Scope
Cannabis Pharmaceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Chile 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.
Epidiolex was the largest segment with a revenue share of 50.94% in 2023. Horizon Databook has segmented the Chile cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
Chile legalized marijuana for medical purposes in 2015. The awareness regarding marijuana and/or cannabis in the country is growing post-legalization. In addition, the country has also undertaken several joint projects with international firms for cannabis, mainly hemp cultivation.
In addition, approval of cannabis pharmaceutical, Sativex, for a special case in the country in 2014 led to an increase in awareness regarding cannabis as a potential drug to reduce certain symptoms associated with severe health conditions.
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Target buyers of Chile cannabis pharmaceuticals market databook
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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 Chile cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Chile cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Chile cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Chile Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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