Europe Cannabis Pharmaceuticals Market Size & Outlook
Europe cannabis pharmaceuticals market, 2018-2030 (US$M)
Related Markets
Europe cannabis pharmaceuticals market highlights
- The Europe cannabis pharmaceuticals market generated a revenue of USD 1,433.1 million in 2023.
- The market is expected to grow at a CAGR of 52.7% 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.
- Country-wise, Netherlands is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,433.1 million |
| Market revenue in 2030 | USD 27,684.3 million |
| Growth rate | 52.7% (CAGR from 2023 to 2030) |
| Largest segment | Epidiolex |
| Fastest growing segment | Other Brands |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 41.9% of the global cannabis pharmaceuticals market in 2023.
- Globally, Latin America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 33,621.0 million by 2030.
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Cannabis Pharmaceuticals Market Scope
Cannabis Pharmaceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 50.78% in 2023. Horizon Databook has segmented the Europe cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
Europe dominated the cannabis pharmaceuticals market, owing to the presence of key players. For instance, Jazz Pharmaceuticals produces two cannabis pharmaceuticals Epidiolex and Sativex approved by regulatory authorities of various countries.
These showed effects for reducing certain symptoms in health conditions, such as cancer, multiple sclerosis, and epilepsy. Furthermore, the increasing acceptance of cannabis-based medications for medical use and changing patient behavior with respect to cannabis are some of the major factors boosting market growth in the region.
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Target buyers of Europe 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 continent-level data and insights on the Europe cannabis pharmaceuticals market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cannabis pharmaceuticals market size, by country, 2018-2030 (US$M)
Europe Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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