This Cannabis Testing Market report provides market segmentation in the most detailed pattern. A high-level market analysis of major segments has been performed in the report and opportunities are identified. The market report not only deals with major industrial categories but also different associated segments such as services, technologies, & applications. What is more, the global Cannabis Testing Market research report provides market data in such a way that it also considers new product development from beginning to launch.
Cannabis Testing Market, By Product (Instruments, Consumables, LIMS) Services (Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening), End-User (Cultivators, Laboratories, Research Institutes) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
Global Cannabis Testing Market is anticipated to reach USD 967.5 million in 2021 growing at a CAGR of 13.9% during the forecasting period, 2021-2028.
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Cannabinoids are a class of chemicals derived from the plants belonging to the cannabis genus primarily Cannabis Sativa. For the extraction of the pure cannabinoid from the chemicals in the plant 4 steps are followed. The steps are 1. Solid/liquid extraction 2. Winterisation 3. Filtration 4. Dry down. After following the steps pure cannabinoids are obtained as a dry powder. Cannabis is known to have a profound effect on the brain and CNS by binding to receptors there. The main chemical compound that binds to the receptors is tetrahydrocannabinol. These are given in the case of surgery or conditions of extreme pain to the patients.
The surge in laboratory research for cannabis testing and integration of LIMS (laboratory information management system) along with increased recognition and medical legalization of cannabis are some of the factors that have supported long-term expansion for the cannabis testing industry.
Key Findings
- Global Cannabis Testing Market is segmented into product, services, end-user, and geography.
- Product segment is segmented into Instruments, Consumables, and LIMS
- Services segment is segmented into Heavy Metal Testing, Microbial Analysis, Potency, and Residual Screening
- End-User segment is segmented into Cultivators, Laboratories, and Research Institutes
- Geographically, the global Cannabis Testing Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
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Competitive Landscape
Key players in global Cannabis Testing
- Agilent Technologies, Inc. (US)
- Shimadzu Corporation (Japan)
- MERCK KGAA (Germany)
- Thermo Fisher Scientific (US)
- DigiPath, Inc. (US),
- Steep Hill Inc. (US)
- SC Laboratories, Inc. (US)
- PharmLabs LLC (US) others.
Reasons to Acquire
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
- Gain authentic and granular data access for Global Cannabis Testing Market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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