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Pulished Date April, 2021
ID: 9872
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Latin America Medical Cannabis Market Research Report - Segmented By Species, Derivatives, Application, Route of Administration & Country (Brazil, Mexico, Argentina & Rest of Latin America) – Industry Size, Share, Trends & Growth Forecasts (2021 to 2026)

Pulished: April, 2021
ID: 9872
Pages: 100

Latin America Medical Cannabis Market Size & Growth (2021 to 2026):

The Size of the Latin America Medical Cannabis market  is expected to reach 3.75 billion USD by 2026 from USD 1.28 billion in 2021, increasing at a CAGR of 23.94% with increasing production of cannabis cultivation in the region during the forecast period 2021 to 2026.

In Latin America, Medical cannabis market is rising rapidly due to government permission for cannabis cultivation start from 2017. According to drug approval authority, Cannabis medical products are much safer for cancer patient treatments create a space for market growth. The number of cancer patient in Latin America is increasing, which is fuelling the demand for medical cannabis drugs. Medical cannabis is more effective in reducing Nausea and appetite. An increasingly ageing population and rising chronic disease are propelling the application of the market. Increasing medical and clinical trials for cancer therapy with medical cannabis is boosting the demand for the market. 

In Latin America region, some factors stand as barriers such as permission or approval for production, stringent regulations, government approval and regulations for medical users and drugs production are prime factors restraining the growth rate of the market. Lack of knowledge in utilizing the raw materials in the production of drugs using medical cannabis is also restricting the demand of the market. 

This research report on the Latin America Medical Cannabis Market has been segmented and sub-segmented into the following categories:

By Species:

  • Indica
  • Satiiva
  • Hybrid

By Derivatives:

  • Cannabidiol (CBD)
  • Tetrahydrocannabinol (THC)
  • Others

By Application:

  • Cancer
  • Arthritis
  • Epilepsy
  • Migraine

By End User:

  • Pharmaceutical Industry
  • Research
  • Development Centers
  • Others

By Route of Administration:

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

By Country:

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

Regional Analysis 

Mexico Medical Cannabis Market is in a leading position for the production of cannabis and medical cannabis products. The total market size of the cannabis market is near about $1.9 billion in 2017. Medical cannabis is used in the treatment of chronic disorders such as cancer, chronic pain, and neurological diseases. In 2020, the Mexico market size for medical cannabis is valued at $55 Billion. According to WHO, the total cancer patients in Mexico are around 190,667, where this is increasing the demand for the medical cannabis market.

Brazil Medical Cannabis Market is holding the highest shares of the market following Mexico. Rising incidences of cancer is a major factor for market growth. In this region, cannabis production is legalized in 2017 for the medicinal purpose and is anticipated to fuel the demand of the market. The market size in 2018 in the Brazil region is near about $2.4 billion. The first product made by Brazil in 2017, and in 2019 the Brazil government gave approval for a medicinal cannabis product. 

Argentina is following Brazil in leading dominant shares of the market by owing to the increasing number of chronic diseases.

According to Argentina medical services, the total market of the medical cannabis market is rising rapidly, and in the next five years, it will reach $100 Billion. Also, increasing recreational cannabis medicals is increasing the high growth rate. Increasing geriatric population is bolstering the demand for the medical cannabis market. 

Chile Medical Cannabis Market shows exponential growth in the market, and in the next ten years, it will account $2 billion market size. The total Cannabis market in Chile is USD 1.5 billion, and 40% of applications increased in that period. 

Colombia Medical Cannabis Market is also to have a significant growth rate in the coming years. The total cannabis market in Colombia was valued at $ 0.7 billion in 2019. 

Major Companies leading a major role in Latin America Medical Cannabis Market Profiled in the Report are BOL Pharma, Tilray, Medreleaf Corporation, Aurora Cannabis, Inc., Canopy Growth Corporation, Insys Therapeutics, Inc., Aphria, Inc., MGC Pharmaceuticals Limited, GW Pharmaceuticals, plc.

  1. Introduction
    1. Latin America Medical Cannabis Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Latin America Medical Cannabis Market Drivers
    2. Latin America Medical Cannabis Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Latin America Medical Cannabis Market Segmentation
    1. By Species
      1. Indica
      2. Satiiva
      3. Hybrid
      4. Y-o-Y Growth Analysis, By Species
      5. Latin America Medical Cannabis Market Attractiveness Analysis, By Species
      6. Latin America Medical Cannabis Market Share Analysis, By Species
    2. By Derivatives
      1. Cannabidiol (CBD)
      2. Tetrahydrocannabinol (THC)
      3. Others
      4. Y-o-Y Growth Analysis, By Derivatives
      5. Latin America Medical Cannabis Market Attractiveness Analysis, By Derivatives
      6. Latin America Medical Cannabis Market Share Analysis, By Derivatives
    3. By Application
      1. Cancer
      2. Arthritis
      3. Epilepsy
      4. Migraine
      5. Y-o-Y Growth Analysis, By Application
      6. Latin America Medical Cannabis Market Attractiveness Analysis, By Application
      7. Latin America Medical Cannabis Market Share Analysis, By Application
    4. By End User
      1. Pharmaceutical Industry
      2. Research and Development Centers
      3. Others
      4. Y-o-Y Growth Analysis, By End User
      5. Latin America Medical Cannabis Market Attractiveness Analysis, By End User
      6. Latin America Medical Cannabis Market Share Analysis, By End User
    5. By Route of Administration
      1. Oral Solutions and Capsules
      2. Smoking
      3. Vaporizers
      4. Topicals
      5. Y-o-Y Growth Analysis, By Route of Administration
      6. Latin America Medical Cannabis Market Attractiveness Analysis, Route of Administration
      7. Latin America Medical Cannabis Market Share Analysis, Route of Administration
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Species
        3. By Derivatives
        4. By Application
        5. By End-User
        6. By Route of Administration
      4. Latin America Medical Cannabis Market Attractiveness Analysis 
        1. By Geographical Area
        2. By Species
        3. By Derivatives
        4. By Application
        5. By End-User
        6. By Route of Administration
      5.      Latin America Medical Cannabis Market Share Analysis              
        1. By Geographical Area
        2. By Species
        3. By Derivatives
        4. By Application
        5. By End-User
        6. By Route of Administration
    2. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
  7.  Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Latin America Medical Cannabis Market Leaders' Analysis
    1. BOL Pharma
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Tilray
    3. Medreleaf Corporation
    4. Aurora Cannabis, Inc
    5. Canopy Growth Corporation
    6. Insys Therapeutics, Inc
    7. Aphria, Inc
    8. MGC Pharmaceuticals Limited
    9. GW Pharmaceuticals, plc
  9. Competitive Landscape
    1. Latin America Medical Cannabis Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Latin America Medical Cannabis Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the areas that are still untapped.
  • The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, essential financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations with a strong financial foothold in the market.
  1. Latin America Medical Cannabis Market Market By Species, From 2021 to 2026 ( USD Billion )
  2. Latin America Indica Market By Region, From 2021 to 2026 ( USD Billion )
  3. Latin America Satiiva Market By Region, From 2021 to 2026 ( USD Billion )
  4. Latin America Hybrid Market By Region, From 2021 to 2026 ( USD Billion )
  5. Latin America Medical Cannabis Market Market By Derivatives, From 2021 to 2026 ( USD Billion )
  6. Latin America Cannabidiol (CBD) Market By Region, From 2021 to 2026 ( USD Billion )
  7. Latin America Tetrahydrocannabinol (THC) Market By Region, From 2021 to 2026 ( USD Billion )
  8. Latin America Others Market By Region, From 2021 to 2026 ( USD Billion )
  9. Latin America Medical Cannabis Market Market By Application, From 2021 to 2026 ( USD Billion )
  10. Latin America Cancer Market By Region, From 2021 to 2026 ( USD Billion )
  11. Latin America Arthritis Market By Region, From 2021 to 2026 (USD Billion )
  12. Latin America Epilespy Market By Region, From 2021 to 2026 (USD Billion )
  13. Latin America Migraine Market By Region, From 2021 to 2026 (USD Billion )
  14. Latin America Medical Cannabis Market Market By End-User, From 2021 to 2026 ( USD Billion )
  15. Latin America Pharmaceutical Industry Market By Region, From 2021 to 2026 ( USD Billion )
  16. Latin America Research and Development Centers Market By Region, From 2021 to 2026 ( USD Billion )
  17. Latin America others Market By Region, From 2021 to 2026 (USD Billion )
  18. Latin America Medical Cannabis Market Market By Route of Administration, From 2021 to 2026 (USD Billion )
  19. Latin America Oral Solutions and Capsules Market By Region, From 2021 to 2026 (USD Billion )
  20. Latin America Smoking Market By Region, From 2021 to 2026 (USD Billion )
  21. Latin America Vaporizers Market By Region, From 2021 to 2026 (USD Billion )
  22. Latin America Topicals Market By Region, From 2021 to 2026 (USD Billion )
  23. Latin America others Market By Region, From 2021 to 2026 (USD Billion )
  24. Brazil Medical Cannabis Market Market By Species, From 2021 to 2026 (USD Billion )
  25. Brazil Medical Cannabis Market Market By Derivatives, From 2021 to 2026 (USD Billion )
  26. Brazil Medical Cannabis Market Market By Application, From 2021 to 2026 (USD Billion )
  27. Brazil Medical Cannabis Market Market By End-User, From 2021 to 2026 (USD Billion )
  28. Brazil Medical Cannabis Market Market By Route of Administration, From 2021 to 2026 (USD Billion )
  29. Argentina Medical Cannabis Market Market By Species, From 2021 to 2026 (USD Billion )
  30. Argentina Medical Cannabis Market Market By Derivatives, From 2021 to 2026 (USD Billion )
  31. Argentina Medical Cannabis Market Market By Application, From 2021 to 2026 (USD Billion )
  32. Argentina Medical Cannabis Market Market By End-User, From 2021 to 2026 (USD Billion )
  33. Argentina Medical Cannabis Market Market By Route of Administration, From 2021 to 2026 (USD Billion )
  34. Mexico Medical Cannabis Market Market By Species, From 2021 to 2026 (USD Billion )
  35. Mexico Medical Cannabis Market Market By Derivatives, From 2021 to 2026 (USD Billion )
  36. Mexico Medical Cannabis Market Market By Application, From 2021 to 2026 (USD Billion )
  37. Mexico Medical Cannabis Market Market By End-User, From 2021 to 2026 (USD Billion )
  38. Mexico Medical Cannabis Market Market By Route of Administration, From 2021 to 2026 (USD Billion )
  39. Rest of Latin America Medical Cannabis Market Market By Species, From 2021 to 2026 (USD Billion )
  40. Rest of Latin America Medical Cannabis Market Market By Derivatives, From 2021 to 2026 (USD Billion )
  41. Rest of Latin America Medical Cannabis Market Market By Application, From 2021 to 2026 (USD Billion )
  42. Rest of Latin America Medical Cannabis Market Market By End-User, From 2021 to 2026 (USD Billion )
  43. Rest of Latin America Medical Cannabis Market Market By Route of Administration, From 2021 to 2026 (USD Billion )

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