Czech Republic Cannabis Pharmaceuticals Market Size & Outlook
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Czech Republic cannabis pharmaceuticals market highlights
- The Czech Republic cannabis pharmaceuticals market generated a revenue of USD 32.3 million in 2023 and is expected to reach USD 751.2 million by 2030.
- The Czech Republic market is expected to grow at a CAGR of 56.8% 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 32.3 million |
| Market revenue in 2030 | USD 751.2 million |
| Growth rate | 56.8% (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, Czech Republic accounted for 0.9% 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 Europe, Germany cannabis pharmaceuticals market is projected to lead the regional market in terms of revenue in 2030.
- Netherlands is the fastest growing regional market in Europe and is projected to reach USD 1,322.6 million by 2030.
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Cannabis Pharmaceuticals Market Scope
Cannabis Pharmaceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jazz Pharmaceuticals PLC | View profile | 2800 | Waterloo Road, Fifth Floor, Waterloo Exchange, Dublin, Ireland, D04 E5W7 | https://www.jazzpharmaceuticals.com |
| Insys Therapeutics | View profile | 501-1000 | Chandler, Arizona, United States, North America | http://www.insysrx.com |
| Bausch Health Companies Inc | View profile | 20270 | 2150 Saint Elzear Boulvard West, Laval, QC, Canada, H7L 4A8 | https://www.bauschhealth.com |
| AbbVie Inc | View profile | 50000 | 1 North Waukegan Road, North Chicago, IL, United States, 60064-6400 | http://www.abbvieinvestor.com |
Czech Republic 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 56.04% in 2023. Horizon Databook has segmented the Czech Republic cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
Cannabis is legal in the Czech Republic and is widely used for various medical conditions, such as chronic pain, spasticity, and nausea. Prescribed medical marijuana must not exceed the specified amount of THC and CBD content. In addition, cannabis used for medical purposes must not be hybrid; it can belong to the Indica or Sativa species.
Although medical cannabis has been legalized in the Czech Republic, various restrictions have been imposed to limit consumption, which may restrain market growth.
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Target buyers of Czech Republic 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 Czech Republic cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Czech Republic cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Czech Republic cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Czech Republic Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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