Latin America Cannabis Pharmaceuticals Market Size & Outlook
Latin America cannabis pharmaceuticals market, 2018-2030 (US$M)
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Latin America cannabis pharmaceuticals market highlights
- The Latin America cannabis pharmaceuticals market generated a revenue of USD 827.4 million in 2023.
- The market is expected to grow at a CAGR of 69.8% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 827.4 million |
| Market revenue in 2030 | USD 33,621.0 million |
| Growth rate | 69.8% (CAGR from 2023 to 2030) |
| Largest segment | Other brands |
| 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, Latin America region accounted for 24.2% 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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Latin America 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 52.24% in 2023. Horizon Databook has segmented the Latin America cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
The cannabis pharmaceuticals market in Latin America is growing owing to factors such as rising awareness regarding the medical benefits of cannabis, rising prevalence of health conditions requiring treatment with cannabis-based pharmaceuticals, changing government as well as consumer preference for cannabis, and increasing number of prescriptions for cannabis-based medicines.
In addition, these factors are anticipated to have a positive long-term impact on the overall growth of the market during the forecast period.
Reasons to subscribe to Latin America cannabis pharmaceuticals market databook:
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Target buyers of Latin America 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 Latin America cannabis pharmaceuticals market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cannabis pharmaceuticals market size, by country, 2018-2030 (US$M)
Latin America Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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