Mexico Cannabis Pharmaceuticals Market Size & Outlook
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Mexico cannabis pharmaceuticals market highlights
- The Mexico cannabis pharmaceuticals market generated a revenue of USD 71.2 million in 2023 and is expected to reach USD 7,775.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 95.5% 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 71.2 million |
| Market revenue in 2030 | USD 7,775.8 million |
| Growth rate | 95.5% (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, Mexico accounted for 2.1% 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 |
|---|---|---|---|---|
| Jazz Pharmaceuticals PLC | View profile | 2800 | Waterloo Road, Fifth Floor, Waterloo Exchange, Dublin, Ireland, D04 E5W7 | https://www.jazzpharmaceuticals.com |
| Insys Therapeutics | View profile | 501-1000 | Chandler, Arizona, United States, North America | http://www.insysrx.com |
| Bausch Health Companies Inc | View profile | 20270 | 2150 Saint Elzear Boulvard West, Laval, QC, Canada, H7L 4A8 | https://www.bauschhealth.com |
| AbbVie Inc | View profile | 50000 | 1 North Waukegan Road, North Chicago, IL, United States, 60064-6400 | http://www.abbvieinvestor.com |
Mexico 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 52.53% in 2023. Horizon Databook has segmented the Mexico cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is one of the largest markets for medical marijuana and/or cannabis in the Latin America region. The shift in consumer behavior toward the utilization of cannabis as a better treatment option is one of the major factors boosting market growth.
In addition, despite the discrepancies in drug policies, favorable government initiatives and outlook toward cannabis-based pharmaceuticals for enhancing treatment success rates in certain medical conditions are propelling the market growth.
Reasons to subscribe to Mexico cannabis pharmaceuticals market databook:
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Target buyers of Mexico 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 Mexico cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Mexico Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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