New Zealand Cannabis Pharmaceuticals Market Size & Outlook
New Zealand cannabis pharmaceuticals market, 2018-2030 (US$M)
Related Markets
New Zealand cannabis pharmaceuticals market highlights
- The New Zealand cannabis pharmaceuticals market generated a revenue of USD 17.5 million in 2023 and is expected to reach USD 438.6 million by 2030.
- The New Zealand market is expected to grow at a CAGR of 58.4% 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.
Cannabis pharmaceuticals market data book summary
| Market revenue in 2023 | USD 17.5 million |
| Market revenue in 2030 | USD 438.6 million |
| Growth rate | 58.4% (CAGR from 2023 to 2030) |
| Largest segment | Other brands |
| 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, New Zealand accounted for 0.5% 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 Asia Pacific, South Korea cannabis pharmaceuticals market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,590.9 million by 2030.
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Cannabis Pharmaceuticals Market Scope
Cannabis Pharmaceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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New Zealand 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% in 2023. Horizon Databook has segmented the New Zealand cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
In 2018, the New Zealand government legalized the use of cannabis for medical purposes. This law came into effect to make cannabis available to a large patient population suffering from chronic pain. The law also allows manufacturers to produce medicinal cannabis products for local and international markets. Hence, the cannabis pharmaceutical market in the country is expected to witness significant growth.
Reasons to subscribe to New Zealand cannabis pharmaceuticals market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of New Zealand 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 New Zealand cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into New Zealand cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
New Zealand cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
New Zealand Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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