Mexico Cannabis Pharmaceuticals Market Size & Outlook
Mexico cannabis pharmaceuticals market, 2018-2030 (US$M)
Related Markets
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 |
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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.
Partial client list
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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