You are currently viewing Latin America Medicinal Cannabis Market to Witness Growth Due to Increasing Research in the Pharmaceutical Sector During 2023-2028

Latin America Medicinal Cannabis Market to Witness Growth Due to Increasing Research in the Pharmaceutical Sector During 2023-2028

El nuevo estudio de Informes de Expertos titulado ‘Mercado Latinoamericano de Cannabis Medicinal, Informe y Pronóstico 2023-2028′, presenta una amplia revisión de los factores que reflejan positivamente el panorama del mercado y explora los aspectos en términos de derivados, aplicaciones, usos finales, vía de administración y las regiones clave. El informe también explora las restricciones y los retos del mercado, basándose en los modelos de las cinco fuerzas de Porter, junto con un análisis FODA. Del mismo modo, se evalúan las tendencias pasadas y futuras del mercado y su influencia en el algoritmo. El estudio incluye una investigación exhaustiva, que abarca indicadores de precios y agentes del mercado, ilustrando las repercusiones en la dinámica y las perspectivas del mercado.

The new report by Informes de Expertos titled, ‘Latin America Medicinal Cannabis Market 2023-2028’ , presents an extensive review of the factors positively reflecting the market landscape and explores the aspects in terms of derivatives, applications, end uses, route of administration, and the key regions. The report also explores market restraints and market challenges, based on Porter’s five forces models, together with a SWOT analysis. In addition, the market is assessed in terms of past and future trends and their subsequent influence on the algorithm. The study involves a thorough research, spanning price indicators and market actors, illustrating the impacts on the market dynamics and outlook.

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Los aspectos más destacados del informe son:

Visión General del Mercado (2018-2028)

• CAGR del Periodo de Pronóstico (2023-2028): 10,5%

El mercado latinoamericano del cannabis medicinal está siendo impulsado por la creciente legalización de la marihuana para uso médico. Además, está recibiendo un apoyo constante y ganando aceptación en los sectores médico y sanitario. El creciente número de I + D e innovaciones, junto con el aumento de los ensayos clínicos, están contribuyendo al crecimiento del mercado. Las autoridades reguladoras controlan las ventas y aumentan la investigación sobre el producto, lo que hace proliferar la demanda de cannabis medicinal.

El mercado latinoamericano de cannabis medicinal alcanzó un valor de 170,5 millones de dólares en 2021. Es debido a su creciente uso en las empresas farmacéuticas está estimulando aún más el mercado positivamente. En América Latina, la importante población y el grupo de pacientes están presentando un amplio potencial para la demanda de productos. Numerosos estudios han demostrado que el cannabis puede ser útil en el tratamiento del cáncer, impulsando su demanda como medicamento oncológico.

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Industry Definition and Major Segments

The cannabis plant or its chemical constituents are used in medical marijuana to treat illnesses or conditions. Although used for medical reasons, it is essentially the same product as marijuana used for recreational purposes.

By derivative, the market is segmented into:

• Cannabidiol (CBD)
• Tetrahydrocannabinol (THC)

On the basis of application, the industry is divided into:

• Cancer
• Arthritis
• Migraine
• Epilepsy
• Others

Some of the major end uses in the market include:

• Pharmaceutical Industry
• Research and Development Centre

Based on route of administration, the market is categorised into:

• Oral Solutions and Capsules
• Smoking
• Vaporisers
• Topicals
• Others

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Colombia
• Chile
• Others

Market Trends

THC and CBD are the primary substances employed in medicine, despite the fact that each chemical molecule in cannabis, they have a unique impact on the human body. People who take cannabis or eat foods containing it feel “high” due to THC. Instead of the negative societal stigma, it has historically been linked with, cannabis is quickly being recognised for its medicinal benefits. The growing demand for medicinal marijuana in regions where cannabis use is allowed is one of the main drivers of industry expansion. With the rapid rise in the number of randomised controlled trials (RCTs) and preclinical studies conducted worldwide, the evidence about the effectiveness of cannabis in treating certain health issues continues to develop. It is further expected to thrive in the market positively during the forecast period.

Key Market Players

The major players in the market are:

• Tilray, Canopy Growth Corporation
• Aurora Cannabis Inc.
• Vivo Cannabis Inc.
• Aphria Inc.
• Khiron Life Sciences Corp.
• Blueberries Medical Corp.
• Medical Marijuana Inc
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us:

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.