Cannabis Pharmaceuticals Market Size to Hit USD 130.1 billion by 2030

The global cannabis pharmaceuticals market size was valued at USD 940.5 million in 2020, and is predicted to be worth around USD 130.1 billion by 2030, registering a CAGR of 105.4% during the forecast period 2022 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 130.1 billion by 2030
Growth Rate CAGR of 105.4% From 2022 to 2030
Largest Market Europe
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Brand Type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Growth Factors

Rapid growth in applications of cannabis for various indications including pain, inflammation, sleep disorders, anorexia, epilepsy, schizophrenia, and multiple sclerosis is estimated to drive market growth. There is a shift from cannabis herbal preparations to prescription drugs. Demand for processed, quantified, and packaged cannabis products is significantly increasing. Moreover, consumer, as well as regulatory acceptance of cannabis products, is increasing which in turn is positively impacting market growth.

Regulatory acceptance of cannabis products such as Sativex and Epidiolex are improving patient and physician perspectives on cannabis as these drugs are developed and regulated by the stringent process.

The increasing number of research and development activities and clinical trials for studying the therapeutic benefits of cannabis will drive the market growth during the forecast period.

Key Players

  • GW Pharmaceuticals, plc
  • Insys Therapeutics
  • Abbvie
  • Valeant Pharmaceuticals (Bausch Health Companies, Inc.)

Market Segmentation

  • By Brand Type
    • Sativex
    • Epidiolex
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Italy
      • France
      • Netherland
      • Poland
      • Croatia
      • Czech Republic
      • Switzerland
    • Asia Pacific
      • Japan
      • South Korea
      • Australia
      • New Zealand
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Columbia
      • Uruguay
      • Chile
      • Peru
    • Middle East & Africa
      • Israel

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape        List of Suppliers        List of Buyers

Chapter 7.  Global Cannabis pharmaceuticals Market, By Brand Type

7.1.  Cannabis pharmaceuticals Market, by Brand Type, 2021-2030

7.1.1.    Sativex        Market Revenue and Forecast (2019-2030)

7.1.2.    Epidiolex        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global Cannabis pharmaceuticals Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Brand Type (2019-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America        Market Revenue and Forecast, by Brand Type (2019-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Brand Type (2019-2030)

8.2.2.    UK        Market Revenue and Forecast, by Brand Type (2019-2030)

8.2.3.    France        Market Revenue and Forecast, by Brand Type (2019-2030)

8.2.4.    Rest of Europe        Market Revenue and Forecast, by Brand Type (2019-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Brand Type (2019-2030)

8.3.2.    India        Market Revenue and Forecast, by Brand Type (2019-2030)

8.3.3.    China        Market Revenue and Forecast, by Brand Type (2019-2030)

8.3.4.    Japan        Market Revenue and Forecast, by Brand Type (2019-2030)

8.3.5.    Rest of APAC        Market Revenue and Forecast, by Brand Type (2019-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Brand Type (2019-2030)

8.4.2.    GCC        Market Revenue and Forecast, by Brand Type (2019-2030)

8.4.3.    North Africa        Market Revenue and Forecast, by Brand Type (2019-2030)

8.4.4.    South Africa        Market Revenue and Forecast, by Brand Type (2019-2030)

8.4.5.    Rest of MEA        Market Revenue and Forecast, by Brand Type (2019-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Brand Type (2019-2030)

8.5.2.    Brazil        Market Revenue and Forecast, by Brand Type (2019-2030)

8.5.3.    Rest of LATAM        Market Revenue and Forecast, by Brand Type (2019-2030)

Chapter 9.    Company Profiles

9.1.  GW Pharmaceuticals, plc

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Insys Therapeutics

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Abbvie

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Valeant Pharmaceuticals (Bausch Health Companies, Inc.)

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2021) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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