Cannabis Pharmaceuticals Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Cannabis Pharmaceuticals Market covers analysis By Product (Epidiolex, Sativex); Distribution Channel (Hospital Pharmacies, Online Pharmacies, Retail Pharmacies), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00013755
  • Category : Pharmaceuticals
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The use of cannabis in pharmaceuticals is estimated to transform the medical industry due to the properties of cannabis. The use of two components, such as CBD and THC have medicinal properties, which have been proved to treat health conditions such as epilepsy, schizophrenia, arthritis, multiple sclerosis, migraines. At present, across the world, more than 400 active and completed clinical trials are performed for cannabis-based medicinal products.

MARKET DYNAMICS

The cannabis pharmaceuticals market is anticipated to grow due to some driving factors, including the legalization of cannabis for medical applications, and increasing research and development for medical cannabis. The market is expected to have vital growth opportunities due to the growing adoption of cannabis for medical applications in Asian and Middle East countries, and rising product development by the pharmaceutical players.

MARKET SCOPE

The "Cannabis Pharmaceuticals Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of cannabis pharmaceuticals market with detailed market segmentation by product, and distribution channel. The cannabis pharmaceuticals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in cannabis pharmaceuticals market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The cannabis pharmaceuticals market is segmented on the basis of product, and distribution channel. Based on product, the market is segmented as epidiolex, and sativex. And based on distribution channel, the market is divided as hospital pharmacies, online pharmacies, and retail pharmacies.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Cannabis pharmaceuticals market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cannabis pharmaceuticals market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cannabis pharmaceuticals market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Cannabis pharmaceuticals market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Cannabis pharmaceuticals market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cannabis pharmaceuticals market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cannabis pharmaceuticals market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Cannabis pharmaceuticals market in these regions.

MARKET PLAYERS

The report covers key developments in the cannabis pharmaceuticals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cannabis pharmaceuticals market are anticipated to have lucrative growth opportunities in the future with the rising demand for cannabis pharmaceuticals in the global market. Below mentioned is the list of few companies engaged in the cannabis pharmaceuticals market.
The report also includes the profiles of key players in cannabis pharmaceuticals market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

  •  Abbvie Inc.
  •  Insys Therapeutics, Inc.
  •  GW Pharmaceuticals
  •  Valeant Pharmaceuticals
  •  Tilray
  •  Cardiol Therapeutics
  •  Cure Pharmaceutical
  •  Zynerba Pharmaceuticals, Inc.
  •  Solvay Pharmaceuticals (Abbott)
  •  Indevus Pharmaceuticals

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cannabis Pharmaceuticals Market - By Product
1.3.2 Cannabis Pharmaceuticals Market - By Distribution Channel
1.3.3 Cannabis Pharmaceuticals Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CANNABIS PHARMACEUTICALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CANNABIS PHARMACEUTICALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CANNABIS PHARMACEUTICALS MARKET - GLOBAL MARKET ANALYSIS
6.1. CANNABIS PHARMACEUTICALS - GLOBAL MARKET OVERVIEW
6.2. CANNABIS PHARMACEUTICALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CANNABIS PHARMACEUTICALS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. EPIDIOLEX
7.3.1. Overview
7.3.2. Epidiolex Market Forecast and Analysis
7.4. SATIVEX
7.4.1. Overview
7.4.2. Sativex Market Forecast and Analysis
8. CANNABIS PHARMACEUTICALS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL PHARMACIES
8.3.1. Overview
8.3.2. Hospital Pharmacies Market Forecast and Analysis
8.4. ONLINE PHARMACIES
8.4.1. Overview
8.4.2. Online Pharmacies Market Forecast and Analysis
8.5. RETAIL PHARMACIES
8.5.1. Overview
8.5.2. Retail Pharmacies Market Forecast and Analysis
9. CANNABIS PHARMACEUTICALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cannabis Pharmaceuticals Market Overview
9.1.2 North America Cannabis Pharmaceuticals Market Forecasts and Analysis
9.1.3 North America Cannabis Pharmaceuticals Market Forecasts and Analysis - By Product
9.1.4 North America Cannabis Pharmaceuticals Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Cannabis Pharmaceuticals Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cannabis Pharmaceuticals Market
9.1.5.1.1 United States Cannabis Pharmaceuticals Market by Product
9.1.5.1.2 United States Cannabis Pharmaceuticals Market by Distribution Channel
9.1.5.2 Canada Cannabis Pharmaceuticals Market
9.1.5.2.1 Canada Cannabis Pharmaceuticals Market by Product
9.1.5.2.2 Canada Cannabis Pharmaceuticals Market by Distribution Channel
9.1.5.3 Mexico Cannabis Pharmaceuticals Market
9.1.5.3.1 Mexico Cannabis Pharmaceuticals Market by Product
9.1.5.3.2 Mexico Cannabis Pharmaceuticals Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Cannabis Pharmaceuticals Market Overview
9.2.2 Europe Cannabis Pharmaceuticals Market Forecasts and Analysis
9.2.3 Europe Cannabis Pharmaceuticals Market Forecasts and Analysis - By Product
9.2.4 Europe Cannabis Pharmaceuticals Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Cannabis Pharmaceuticals Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cannabis Pharmaceuticals Market
9.2.5.1.1 Germany Cannabis Pharmaceuticals Market by Product
9.2.5.1.2 Germany Cannabis Pharmaceuticals Market by Distribution Channel
9.2.5.2 France Cannabis Pharmaceuticals Market
9.2.5.2.1 France Cannabis Pharmaceuticals Market by Product
9.2.5.2.2 France Cannabis Pharmaceuticals Market by Distribution Channel
9.2.5.3 Italy Cannabis Pharmaceuticals Market
9.2.5.3.1 Italy Cannabis Pharmaceuticals Market by Product
9.2.5.3.2 Italy Cannabis Pharmaceuticals Market by Distribution Channel
9.2.5.4 Spain Cannabis Pharmaceuticals Market
9.2.5.4.1 Spain Cannabis Pharmaceuticals Market by Product
9.2.5.4.2 Spain Cannabis Pharmaceuticals Market by Distribution Channel
9.2.5.5 United Kingdom Cannabis Pharmaceuticals Market
9.2.5.5.1 United Kingdom Cannabis Pharmaceuticals Market by Product
9.2.5.5.2 United Kingdom Cannabis Pharmaceuticals Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cannabis Pharmaceuticals Market Overview
9.3.2 Asia-Pacific Cannabis Pharmaceuticals Market Forecasts and Analysis
9.3.3 Asia-Pacific Cannabis Pharmaceuticals Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Cannabis Pharmaceuticals Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Cannabis Pharmaceuticals Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cannabis Pharmaceuticals Market
9.3.5.1.1 Australia Cannabis Pharmaceuticals Market by Product
9.3.5.1.2 Australia Cannabis Pharmaceuticals Market by Distribution Channel
9.3.5.2 China Cannabis Pharmaceuticals Market
9.3.5.2.1 China Cannabis Pharmaceuticals Market by Product
9.3.5.2.2 China Cannabis Pharmaceuticals Market by Distribution Channel
9.3.5.3 India Cannabis Pharmaceuticals Market
9.3.5.3.1 India Cannabis Pharmaceuticals Market by Product
9.3.5.3.2 India Cannabis Pharmaceuticals Market by Distribution Channel
9.3.5.4 Japan Cannabis Pharmaceuticals Market
9.3.5.4.1 Japan Cannabis Pharmaceuticals Market by Product
9.3.5.4.2 Japan Cannabis Pharmaceuticals Market by Distribution Channel
9.3.5.5 South Korea Cannabis Pharmaceuticals Market
9.3.5.5.1 South Korea Cannabis Pharmaceuticals Market by Product
9.3.5.5.2 South Korea Cannabis Pharmaceuticals Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cannabis Pharmaceuticals Market Overview
9.4.2 Middle East and Africa Cannabis Pharmaceuticals Market Forecasts and Analysis
9.4.3 Middle East and Africa Cannabis Pharmaceuticals Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Cannabis Pharmaceuticals Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Cannabis Pharmaceuticals Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cannabis Pharmaceuticals Market
9.4.5.1.1 South Africa Cannabis Pharmaceuticals Market by Product
9.4.5.1.2 South Africa Cannabis Pharmaceuticals Market by Distribution Channel
9.4.5.2 Saudi Arabia Cannabis Pharmaceuticals Market
9.4.5.2.1 Saudi Arabia Cannabis Pharmaceuticals Market by Product
9.4.5.2.2 Saudi Arabia Cannabis Pharmaceuticals Market by Distribution Channel
9.4.5.3 U.A.E Cannabis Pharmaceuticals Market
9.4.5.3.1 U.A.E Cannabis Pharmaceuticals Market by Product
9.4.5.3.2 U.A.E Cannabis Pharmaceuticals Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cannabis Pharmaceuticals Market Overview
9.5.2 South and Central America Cannabis Pharmaceuticals Market Forecasts and Analysis
9.5.3 South and Central America Cannabis Pharmaceuticals Market Forecasts and Analysis - By Product
9.5.4 South and Central America Cannabis Pharmaceuticals Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Cannabis Pharmaceuticals Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cannabis Pharmaceuticals Market
9.5.5.1.1 Brazil Cannabis Pharmaceuticals Market by Product
9.5.5.1.2 Brazil Cannabis Pharmaceuticals Market by Distribution Channel
9.5.5.2 Argentina Cannabis Pharmaceuticals Market
9.5.5.2.1 Argentina Cannabis Pharmaceuticals Market by Product
9.5.5.2.2 Argentina Cannabis Pharmaceuticals Market by Distribution Channel
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL CANNABIS PHARMACEUTICALS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. CANNABIS PHARMACEUTICALS MARKET, KEY COMPANY PROFILES
12.1. ABBVIE INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. INSYS THERAPEUTICS, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. GW PHARMACEUTICALS
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. VALEANT PHARMACEUTICALS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. TILRAY
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. CARDIOL THERAPEUTICS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. CURE PHARMACEUTICAL
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ZYNERBA PHARMACEUTICALS, INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SOLVAY PHARMACEUTICALS (ABBOTT)
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. INDEVUS PHARMACEUTICALS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Abbvie Inc.
2. Insys Therapeutics, Inc.
3. GW Pharmaceuticals
4. Valeant Pharmaceuticals
5. Tilray
6. Cardiol Therapeutics
7. Cure Pharmaceutical
8. Zynerba Pharmaceuticals, Inc.
9. Solvay Pharmaceuticals (Abbott)
10. Indevus Pharmaceuticals

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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