Colombia Cannabis Pharmaceuticals Market Size & Outlook
Colombia cannabis pharmaceuticals market, 2018-2030 (US$M)
Related Markets
Colombia cannabis pharmaceuticals market highlights
- The Colombia cannabis pharmaceuticals market generated a revenue of USD 127.4 million in 2023 and is expected to reach USD 3,691.1 million by 2030.
- The Colombia market is expected to grow at a CAGR of 61.8% 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 127.4 million |
| Market revenue in 2030 | USD 3,691.1 million |
| Growth rate | 61.8% (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, 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, Colombia accounted for 3.7% 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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Colombia 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 62.48% in 2023. Horizon Databook has segmented the Colombia cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
The possession of cannabis was decriminalized in the country in 2012 and medical cannabis was legalized in 2015. After legalization, numerous opportunities for the cannabis business, coupled with strategic initiatives by key players to enter into the budding market, led to the growth of the cannabis pharmaceuticals market in the country.
In addition, favorable government initiatives in the form of support for research and provision of reliable cannabis products to patients are fueling market growth.
Reasons to subscribe to Colombia cannabis pharmaceuticals market databook:
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Target buyers of Colombia 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 Colombia cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Colombia cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Colombia Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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