Reports
Mexico Medical Cannabis Market: By Product: Buds, Oils, Tinctures; By Application: Chronic Pain, Mental Disorders, Cancer, Others; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments
Mexico Medical Cannabis Market Outlook
The Mexico medical cannabis market size was estimated at nearly USD 187 million in 2022 and expected to grow at a CAGR of 46.4% over the forecast period of 2023-2028 to reach USD 1870 million by 2028.
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The growing acceptance of medical cannabis to treat chronic circumstances like cancer, neurological diseases, and chronic pain is the main factor driving for the industry for medical cannabis in Mexico.
Market Segmentation
Cannabis or marijuana is a psychoactive drug, which is derived from the cannabis plant, which is further used for medical purposes. The Mexico medical cannabis market can be divided based on segments like products and applications.
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The industry can be divided based on its products as buds, oils, and tinctures.
The industry can be broadly categorised based on its application into:
- Chronic Pain
- Mental Disorders
- Cancer
- Others
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Market Analysis
Due to the significant population and patient pool, medical cannabis is anticipated to emerge as one of the most profitable enterprises to enter Mexico in the coming years. Different research studies have demonstrated the potential benefits of cannabis in cancer treatment, thus increasing its demand for cancer therapy. The growing burden of disease and the increasing cannabis use for medical purposes are anticipated to drive the demand for the product over the forecast period. The oil segment is anticipated to emerge as the fastest growing segment by 2026.
Competitive Landscape
The report presents a detailed analysis of the following key players in the Mexico medical cannabis market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Sartorius de México S.A. de C.V. (Sartorius AG)
- Aurora Cannabis
- GW Pharmaceuticals, plc.
- Canopy Growth Corporation.
- HempMeds
- CV Sciences, Inc.
- ENDOCA
- Isodiol International, Inc.
- CBD Life
- PharmaCielo
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application |
| Breakup by Product | Buds, Oils, Tinctures |
| Breakup by Application | Chronic Pain, Mental Disorders, Cancer, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Sartorius de México S.A. de C.V. (Sartorius AG), Aurora Cannabis, GW Pharmaceuticals, plc., Canopy Growth Corporation., HempMeds, CV Sciences, Inc., ENDOCA, Isodiol International, Inc., CBD Life, PharmaCielo, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Mexico
7 Opportunities and Challenges in the Market
8 Mexico Medical Cannabis Market Analysis
8.1 Key Industry Highlights
8.2 Mexico Medical Cannabis Historical Market (2018-2022)
8.3 Mexico Medical Cannabis Market Forecast (2023-2028)
8.4 Mexico Medical Cannabis Market by Product
8.4.1 Buds
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Oils
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Tinctures
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Mexico Medical Cannabis Market by Application
8.5.1 Chronic Pain
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Mental Disorders
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Cancer
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Sartorius de México S.A. de C.V. (Sartorius AG)
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Aurora Cannabis Inc.
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 GW Pharmaceuticals plc
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 Canopy Growth Corporation.
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 HempMeds
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 CV Sciences, Inc.
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.6.4 Certifications
10.2.7 Endoca B.V.
10.2.7.1 Company Overview
10.2.7.2 Product Portfolio
10.2.7.3 Demographic Reach and Achievements
10.2.7.4 Certifications
10.2.8 Isodiol International, Inc.
10.2.8.1 Company Overview
10.2.8.2 Product Portfolio
10.2.8.3 Demographic Reach and Achievements
10.2.8.4 Certifications
10.2.9 CBD Life
10.2.9.1 Company Overview
10.2.9.2 Product Portfolio
10.2.9.3 Demographic Reach and Achievements
10.2.9.4 Certifications
10.2.10 PharmaCielo
10.2.10.1 Company Overview
10.2.10.2 Product Portfolio
10.2.10.3 Demographic Reach and Achievements
10.2.10.4 Certifications
10.2.11 Others
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Medical Cannabis Market: Key Industry Highlights, 2018 and 2028
2. Mexico Medical Cannabis Historical Market: Breakup by Product (USD Million), 2018-2022
3. Mexico Medical Cannabis Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Mexico Medical Cannabis Historical Market: Breakup by Application (USD Million), 2018-2022
5. Mexico Medical Cannabis Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Mexico Medical Cannabis Market Structure
Key Questions Answered in the Report
The Mexico medical cannabis market reached a value of USD 187 million in 2022.
The market is expected to grow at a CAGR of about 46.4% in the forecast period of 2023-2028.
The market is expected to expand in the forecast period to reach USD 1870 million by 2028.
The major drivers of the market include the rising disposable incomes and the growing acceptance of medical cannabis to treat chronic circumstances like cancer, neurological diseases, and chronic pain.
The rising awareness regarding the benefits of cannabis for medical purposes and the increasing burden of diseases in the country are key trends guiding the market.
The major product segments in the market are buds, oils, and tinctures.
The significant applications of medical cannabis in the market include chronic pain, mental disorders, and cancer, among others.
The major players in the market are Sartorius de México S.A. de C.V. (Sartorius AG), Aurora Cannabis Inc., GW Pharmaceuticals, plc, Canopy Growth Corporation, HempMeds, CV Sciences, Inc., Endoca B.V., Isodiol International, Inc., CBD Life, and PharmaCielo, among others.
Analyst Review
The Mexico medical cannabis market attained a value of USD 187 million in 2022, driven by the growing acceptance of medical cannabis to treat chronic circumstances like cancer, neurological diseases, and chronic pain. It is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 46.4% to reach a value of almost USD 1870 million by 2028. The industry is projected to be driven by the emerging oils segment in the forecast period of 2023-2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of product, the market is divided into buds, oils, and tinctures. On the basis of application, the industry is divided into chronic pain, mental disorders, and cancer, among others. The key players in the above industry include Sartorius de México S.A. de C.V. (Sartorius AG), Aurora Cannabis, GW Pharmaceuticals, plc., Canopy Growth Corporation., HempMeds, CV Sciences, Inc., ENDOCA, Isodiol International, Inc., CBD Life, PharmaCielo, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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