Germany Cannabis Pharmaceuticals Market Size & Outlook
Germany cannabis pharmaceuticals market, 2018-2030 (US$M)
Related Markets
Germany cannabis pharmaceuticals market highlights
- The Germany cannabis pharmaceuticals market generated a revenue of USD 341.0 million in 2023 and is expected to reach USD 6,737.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 53.1% 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 341.0 million |
| Market revenue in 2030 | USD 6,737.8 million |
| Growth rate | 53.1% (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, Germany accounted for 10.0% 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 Europe, Germany cannabis pharmaceuticals market is projected to lead the regional market in terms of revenue in 2030.
- Netherlands is the fastest growing regional market in Europe and is projected to reach USD 1,322.6 million by 2030.
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Cannabis Pharmaceuticals Market Scope
Cannabis Pharmaceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 52.58% in 2023. Horizon Databook has segmented the Germany cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
Medical marijuana was legalized in 2017 in Germany. Patients in Germany can procure medical cannabis via prescription. The country has allowed 20,000 pharmacies to sell medical cannabis by prescription. Germany was one of the first European countries to legalize medical cannabis and has a high potential market for nonmedical CBD.
Furthermore, in 2022, Germany imported a total of 25 tons of cannabis flowers and extracts, which is projected to increase over the forecast period.
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Target buyers of Germany 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 Germany cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Germany cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Germany Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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