Mexico Medicinal Cannabis Market Report, Share 2023-2028

Mexico Medicinal Cannabis Market Report, Share 2023-2028

El nuevo informe de Informes de Expertos titulado ‘Mercado Mexicano de Cannabis Medicinal, Informe y Pronóstico 2023-2028′, ofrece un análisis profundo del mercado, evaluándolo por el derivado, la aplicación, el uso final, la ruta de administración, y las regiones. El informe analiza los factores clave de éxito y las limitaciones, también rastrea las últimas tendencias en la industria y estudia su impacto en el mercado en general. Además, evalúa la dinámica del mercado, cubriendo los indicadores clave de demanda y precio, junto con el análisis del mercado basado en los modelos FODA y las Cinco Fuerzas de Porter.

The new report by Informes de Expertos titled, ‘Mexico Medicinal Cannabis Market Report and Forecast 2023-2028’, gives an in-depth analysis of the market, assessing on the basis of derivative, application, end use, administration route and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): X%

The increasing adoption of medicinal cannabis for the treatment of cancer, chronic pain and neurological diseases is one of the major driving factors for the product demand in the region. Growing geriatric population that is more vulnerable to chronic diseases and suffer conditions like rheumatoid arthritis, is another triggering factor for the market growth. In addition, the product is also considered a safer alternative to prescription opioid-based drugs, which is further promoting its demand in the region.

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Additionally, the market is experiencing significant growth since the legalization of marijuana in Mexico. It was legalized for limited medicinal use in the region in 2017 and is soon expected to be legalized for recreational purposes as well. It is anticipated that this step will make Mexico one of the largest legal marijuana markets in the world, thus creating lucrative business opportunities.

Industry Definition and Major Segments

By derivative, the market is divided into:

  • Cannabidiol (CBD)
  • Tetrahydrocannabinol (THC)

Based on application, the market is classified into:

  • Cancer
  • Arthritis
  • Migraine
  • Epilepsy
  • Others

By end use, the report segments the market into:

  • Pharmaceutical Industry
  • Research and Development Centre

According to the administration route, the report covers:

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

Key regions covered include:

  • Baja California
  • Northern Mexico
  • El Bajío
  • Central Mexico
  • Pacific Coast
  • Yucatan Peninsula

Market Trends

One of the most important trends that the market is witnessing currently is the increasing usage of medicinal cannabis in the pharmaceutical industry. The market is exhibiting strong growth in the region owing to the increasing number of cancer patients. Various research studies have proved marijuana to be extremely beneficial in the treatment of cancer. Furthermore, increasing number of R&D projects, clinical trials and further commercialization of the product are expected to augment the industry growth over the forecast period. Moreover, medical marijuana is expected to emerge as one of the most lucrative businesses to venture into in Mexico owing to the increasing population and rapidly increasing number of patients.

Key Market Players

The major players in the market are:

  • Sartorius AG (OTCMKTS: SUVPF)
  • Canopy Growth Corporation
  • GW Pharmaceuticals, plc.
  • Aurora Cannabis
  • HempMeds
  • CV Sciences, Inc.
  • CBD Life
  • Isodiol International, Inc.
  • PharmaCielo
  • Others

This report covers the market shares, expansions, investments and mergers and acquisitions, among other latest developments of these industry players.

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.

Media Contact

Company Name: Informes De Expertos
Contact Person: Chris Smiths, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1 (818) 319-4060
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