Mexico Medical Cannabis Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 555.0 Million
Market Forecast in 2033: USD 1,035.0 Million
Market Growth Rate: 7.2% (2025-2033)
According to the latest report by IMARC Group, The Mexico medical cannabis market size reached USD 555.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,035.0 Million by 2033, exhibiting a growth rate (CAGR) of 7.2% during 2025-2033.
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Mexico Medical Cannabis Industry Trends and Drivers:
The Mexico medical cannabis market is experiencing a dynamic shift as regulatory frameworks evolve and public perception changes. Following the legalization of medical cannabis in 2017, Mexico has been working to establish a robust system for production, distribution, and consumption. The government’s efforts to create clear guidelines have spurred interest from both domestic and international stakeholders, fostering a burgeoning industry. Patients are increasingly turning to cannabis-based treatments for conditions like chronic pain, epilepsy, and anxiety, driven by growing awareness of its therapeutic benefits. This emerging market is supported by a cultural shift, with healthcare professionals and patients alike becoming more open to alternative therapies, positioning Mexico as a key player in the global medical cannabis landscape.
The report has segmented the market into the following categories:
Species Insights:
Indica
Sativa
Hybrid
Derivatives Insights:
Cannabidiol (CBD)
Tetrahydrocannabinol (THC)
Others
Application Insights:
Cancer
Arthritis
Migraine
Epilepsy
Others
Route of Administration Insights:
Oral Solutions and Capsules
Vaporizers
Topicals
Others
End Use Insights:
Pharmaceutical Industry
Research and Development Centers
Others
Regional Insights:
Northern Mexico
Central Mexico
Southern Mexico
Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the Mexico Medical Cannabis industry.
Key highlights of the Report:
Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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