Uruguay Cannabis Pharmaceuticals Market Size & Outlook
Uruguay cannabis pharmaceuticals market, 2018-2030 (US$M)
Related Markets
Uruguay cannabis pharmaceuticals market highlights
- The Uruguay cannabis pharmaceuticals market generated a revenue of USD 10.8 million in 2023 and is expected to reach USD 262.1 million by 2030.
- The Uruguay market is expected to grow at a CAGR of 57.7% 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 10.8 million |
| Market revenue in 2030 | USD 262.1 million |
| Growth rate | 57.7% (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, Uruguay accounted for 0.3% 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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Uruguay 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 55.56% in 2023. Horizon Databook has segmented the Uruguay cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
Medical and recreational cannabis was legalized in the country in 2012 and the medical cannabis program was launched in 2017. It was one of the pioneering countries to approve the use of cannabis in the country. Favorable government regulations, coupled with increasing awareness regarding the use of cannabis for medical purposes, in the country are anticipated to boost market growth over the forecast period.
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Target buyers of Uruguay 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 Uruguay cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Uruguay cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Uruguay cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Uruguay Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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