Italy Cannabis Pharmaceuticals Market Size & Outlook
Italy cannabis pharmaceuticals market, 2018-2030 (US$M)
Related Markets
Italy cannabis pharmaceuticals market highlights
- The Italy cannabis pharmaceuticals market generated a revenue of USD 272.7 million in 2023 and is expected to reach USD 4,742.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 50.4% 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 272.7 million |
| Market revenue in 2030 | USD 4,742.9 million |
| Growth rate | 50.4% (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, Italy accounted for 8.0% 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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Italy 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 51.82% in 2023. Horizon Databook has segmented the Italy cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
Italy has approved the usage of medical cannabis in the country. The Netherlands is one of the major countries exporting cannabis to Italy. Furthermore, in 2013, the Italian Health Minister sanctioned the use of marijuana for medical purposes with a valid prescription obtained from a licensed physician.
Similarly, in April 2022, the Ministry of Defence issued a notice to select companies that are capable of cultivating cannabis plants for providing to the Military Chemical and Pharmaceutical Plant in Florence to manufacture pharmaceutical raw materials and medicines.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Italy cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Italy cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Italy Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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