Argentina Cannabis Pharmaceuticals Market Size & Outlook
Argentina cannabis pharmaceuticals market, 2018-2030 (US$M)
Related Markets
Argentina cannabis pharmaceuticals market highlights
- The Argentina cannabis pharmaceuticals market generated a revenue of USD 127.6 million in 2023 and is expected to reach USD 3,522.6 million by 2030.
- The Argentina market is expected to grow at a CAGR of 60.6% 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 127.6 million |
| Market revenue in 2030 | USD 3,522.6 million |
| Growth rate | 60.6% (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, Argentina accounted for 3.7% 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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Argentina 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 56.58% in 2023. Horizon Databook has segmented the Argentina cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
The National Seed Institute (INASE), the decentralized agency within the Ministry of Agriculture, authorizes the cultivation, processing, distribution, import, and export of cannabis in Argentina.
Medical cannabis, especially CBD, is used for palliative care in reducing pain associated with conditions, such as arthritis and rheumatism. The regulated framework has been laid down by the government for the cultivation of cannabis. Breaching of regulation would lead to a fine of up to ARS 100,000 (USD 2,421).
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Target buyers of Argentina 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 Argentina cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Argentina cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Argentina Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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