Global Cannabis Testing Market – Industry Analysis and Forecast (2019-2027)

Global Cannabis Testing Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 12.3% during forecast period.

Global Cannabis Testing Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 12.3% during forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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Global Cannabis Testing Market Dynamics:

Global cannabis testing market is driven by legalization of medical cannabis and increasing adoption of LIMS in cannabis testing laboratories. Ongoing trend observed in the global market is increasing adoption of cannabis for recreational purpose and is expected to drive the forecast period.

However, factors like stringent regulatory framework for cannabis and dearth of trained laboratory professionals are proving to be some of the restraints in the market growth. The lack of skilled professionals in the field of testing of cannabis is one of the key challenges faced by the cannabis testing market globally. As the medical cannabis market continues to increase, the need for lab-tested cannabis will also rise.

Also, an initial investment to set up laboratories for cannabis testing is very high. To set up a testing laboratory, the basic requirement that must be fulfilled contains testing instruments, inventory control, quality control, qualified staff, data management, and administrative functions.
Potency testing segment is expected to hold the largest market share during the forecast period.

Cannabinoid’s potency screening is mostly employed by quality control laboratories and chemists. Also, potency research is vital for precise labeling of medical products.
Global Cannabis Testing Market Regional Analysis:

North America is projected to lead the cannabis testing market in the upcoming years, owing to the legalization of cannabis by major states in the US and Canada and the presence of major market players. The increase in the use of cannabis to treat diseases, growing awareness about cannabis among the population in developing economies, and a rise in the number of cannabis testing labs are driving the growth of the cannabis testing market in the Asia Pacific region.

A recent development in Global Cannabis Testing Market: In January 2018, SCIEX Diagnostics, a partition of SCIEX launched Citrine Triple Quad MS/MS Citrine QTRAP MS/MS Systems for clinical diagnostics.

In June 2017, Waters Corporation received an agreement for Waters ACQUITY UPLC, ACQUITY UPLC I-Class System by Brazil's National Health Surveillance Agency (ANVISA).

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Cannabis Testing Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Cannabis Testing Market.
Global Cannabis Testing Market, Key Highlights:

• Global Cannabis Testing Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Cannabis Testing Market

• Global Cannabis Testing Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Cannabis Testing Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Cannabis Testing Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Cannabis Testing Market are also profiled.

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.

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Scope of the Global Cannabis Testing Market: Inquire before buying

Global Cannabis Testing Market, by Type

• Products
• Software
Global Cannabis Testing Market, by Services

• Potency Testing
• Terpene Profiling
• Pesticide Screening
• Residual Solvent Screening
• Heavy Metal Testing
• Microbial Analysis
Global Cannabis Testing Market, by End User

• Testing Laboratories
• Drug Manufacturers
• Research Institutes
Global Cannabis Testing Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Cannabis Testing Market, Key Players

• Agilent Technologies, Inc.
• Shimadzu Corporation
• Millipore Sigma (A Life Science Segment of Merck KGaA)
• Restek Corporation
• Perkinelmer, Inc.
• AB Sciex LLC (A Subsidiary of Danaher Corporation)
• Waters Corporation
• Accelerated Technology Laboratories, Inc.
• Steep Hill Halent Laboratories, Inc.
• Digipath, Inc.
• SC (Science of Cannabis) Laboratories, Inc.
• Pharmlabs LLC
• Anandia Labs
• Anresco
• CannaSafe Analytics
• CW Analytical Laboratories
• Digipath
• Eirlab
• Phytovista Laboratories
• Pure Analytics

This Report Is Submitted By :Maximize Market Research Company

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