Cannabis Pharmaceuticals Market Size, Share & Trends Analysis Report By Brand Type (Sativex, Epidiolex), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2022 - 2028

Cannabis Pharmaceuticals Market Growth & Trends

The global cannabis pharmaceuticals market size is expected to reach USD 127.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 104.2% from 2022 to 2028. 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. For instance, in September 2020, Tilray Inc. announced that its cannabis products are showing promising results in reducing vomiting and nausea in patients undergoing chemotherapy for cancer. According to the study, a quarter of the patients consuming medical cannabis did not show nausea and vomiting. Such research studies are estimated to increase the demand for cannabis in the pharmaceutical industry.

There is a rise in a number of physicians prescribing cannabis to their patients due to increasing clinical evidence, growing awareness, and an increasing number of patients looking for cannabis as a medical alternative. For instance, according to a survey published in 2019, 22% of the consumers were looking for replacing prescription or OTC drugs with CBD. Moreover, 30% took CBD in addition to the prescribed drug. Forty-seven percent replaced an OTC drug with CBD, 36% with prescription opioids, 33% with prescription anxiety drugs, and 22% with prescription sleep drugs. Thus, increasing cannabis consumption will drive the pharmaceutical cannabis market globally.

Regulatory approval of cannabis is a major parameter supporting market growth. Governments and regulatory authorities are taking initiatives to legalize the use of cannabis for medical purposes. For instance, In August 2020, a regulatory authority in Portugal, INFARMED I.P., granted license to Clever Leaves for cultivation and import export of medical cannabis. For instance, in November 2018, GW Pharmaceuticals, plc launched EPIDIOLEX (CBD) oral solution for treating seizures associated with Lennox-Gastaut syndrome and Dravet syndrome. EPIDIOLEX was approved by the FDA in June 2018. It is the first prescription pharmaceutical formulation plant-derived CBD and an antiepileptic drug.

Cannabis Pharmaceuticals Market Report Highlights

  • The Epidiolex brand type emerged as the leading application segment in 2021, with a revenue share of 96.9% in the market
  • Europe dominated the market and accounted for the largest revenue share of 43.8% in 2021
  • In Middle East and Africa, the market is projected to expand at the fastest CAGR during the forecast period
Profiled Companies

GW Pharmaceuticals
AbbVie Inc.
Valeant Pharmaceuticals
Insys Therapeutics, Inc.

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Chapter
1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.3.1 Information Procurement
1.3.1.1 Purchased database:
1.3.1.2 GVR’s internal database
1.3.2 Primary Research:
1.4 Research Scope and Assumptions
1.5 List to Data Sources
Chapter
2 Executive Summary
2.1 Global Cannabis Pharmaceuticals Market Outlook
2.2 Global Cannabis Pharmaceuticals Market Segment Outlook
2.3 Global Cannabis Pharmaceuticals Market Competitive Insight
2.4 Global Cannabis Pharmaceuticals Snapshot
Chapter
3 Global Cannabis Pharmaceuticals Market Variables, Trends, & Scope
3.1 Market Segmentation
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.2 Market Restraint Analysis
3.3 Penetration & Growth Prospects Mapping
3.4 Global Cannabis Pharmaceuticals Regulatory Scenario
3.5 Cannabis Pharmaceuticals - PESTEL Analysis
3.5.1. Political
3.5.2. Environmental
3.5.3 Social
3.5.4 Technology
3.5.5. Legal
3.5.6 Economic
3.6 Cannabis Pharmaceuticals - Porter’s Analysis
3.6.1. Threat of New Entrants
3.6.2 Bargaining Power of Buyers
3.6.3 Competitive Rivalry
3.6.4 Bargaining Power of Suppliers
3.6.5 Threat of Substitutes
3.7 Opportunity Analysis (2016 - 2019 - 2027)
3.8 Product Pipeline Analysis, By Stage
3.9 Key Deals and Strategic Alliances
3.10 Synthetic Cannabis Pharmaceuticals Overview
Chapter
4 Global Cannabis Pharmaceuticals Market: Brand Type Estimates & Trend Analysis
4.1 Definitions & Scope
4.2 Market: Brand Type Market Share Analysis, 2020 and 2028
4.3 Sativex
4.3.1 Market estimates and forecasts, 2016 - 2028 (USD Million)
4.4 Epidiolex
4.4.1 Market estimates and forecasts, 2016 - 2028 (USD Million)
Chapter
5 Global Cannabis Pharmaceuticals Market: Regional Estimates & Trend Analysis, By Brand Type, Deployment Model and End-user
5.1 Global Cannabis Pharmaceuticals Market: Regional Movement Analysis
5.2 North America
5.2.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.2.2 U.S.
5.2.2.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.2.3 Canada
5.2.3.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3 Europe
5.3.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3.2 U.K.
5.3.2.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3.3 Germany
5.3.3.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3.4 Italy
5.3.4.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3.5 France
5.3.5.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3.6 Netherland
5.3.6.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3.7 Poland
5.3.7.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3.8 Croatia
5.3.8.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3.9 Czech Republic
5.3.9.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.3.10 Switzerland
5.3.10.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.4 Asia Pacific
5.4.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.4.2 Japan
5.4.2.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.4.3 South Korea
5.4.3.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.4.4 Australia
5.4.4.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.4.5 New Zealand
5.4.5.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.5 Latin America
5.5.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.5.2 Brazil
5.5.2.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.5.3 Mexico
5.5.3.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.5.4 Argentina
5.5.4.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.5.5 Columbia
5.5.5.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.5.6 Uruguay
5.5.6.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.5.7 Chile
5.5.7.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.5.8 Peru
5.5.8.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.6 MEA
5.6.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
5.6.2 Israel
5.6.2.1 Market estimates and forecasts, by brand type, 2016 - 2028 (USD Million)
Chapter
6 Global Cannabis Pharmaceuticals Market: Competitive Analysis
6.1 Company Market Position Analysis
6.2 List of Key Emerging Players and Market Differentiators
6.3 Company Categorization
6.4 Brand Share Analysis, 2018-2020
Chapter
7 Competitive Landscape
7.1 GW Pharmaceuticals
7.1.1 Company overview
7.1.2 Financial performance
7.1.3 Product benchmarking
7.1.4 Strategic initiatives
7.2 AbbVie Inc.
7.2.1 Company overview
7.2.2 Financial performance
7.2.3 Product benchmarking
7.2.4 Strategic initiatives
7.3 Valeant Pharmaceuticals
7.3.1 Company overview
7.3.2 Financial performance
7.3.3 Product benchmarking
7.3.4 Strategic initiatives
7.4 Insys Therapeutics, Inc.
7.4.1 Company overview
7.4.2 Financial performance
7.4.3 Product benchmarking
7.4.4 Strategic initiatives

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