Cannabis Testing Market, Competitive Analysis by Top Company, Region, Applications, Growth Factors, and Future Prospects and forecast up to 2025

Cannabis Testing Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

According to a new market research study titled ‘Cannabis Testing Market to 2025 – Global Analysis and Forecasts by Type, Services and End User, the global cannabis testing market is expected to reach US$ 2,486.7 Mn in 2025 from US$ 1,028.2 Mn in 2017. The market is estimated to grow with a CAGR of 11.9% from 2017-2025. The report highlights the trends prevalent in the global cannabis testing market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to the increasing awareness through conferences, symposia, & workshops, legalization of medical cannabis and growing adoption of LIMS in cannabis testing laboratories, are the major factors that anticipated to propel the growth for the cannabis testing market in the forecast period. However, the stringent regulatory framework for cannabis and dearth of trained laboratory professionals is expected to act as a major challenges hindering the market growth in the forecast period.

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Key Benefits-

  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Cannabis Testing Market
  • To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

The key players influencing the market are:

1. Agilent Technologies, Inc.
2. PerkinElmer, Inc.
3. Shimadzu Corporation
4. Sciex (Danaher)
5. Merck KGaA
6. Restek Corporation
7. WATERS
8. CannaSafe Analytics
9. Accelerated Technology Laboratories, Inc.
10. Digipath Inc. 

Increasing advances in analytical testing technologies and services are enabling to drive the industry and accelerate growth in drug development and medicine as well as regulatory guidance. Analytical instrumentation manufacturers are providing cannabis testing laboratories with sample preparation protocols, method development, and following good laboratory practices (GLP) to ensure state and federal laws are met. Some instrument manufacturers now offer dedicated instruments for cannabis potency testing, which include dedicated HPLC or UHPLC devices with hardware and methods optimized for compound isolation and quantitative analysis. Whereas some instrument vendors offer new, used, and refurbished equipment, along with other hardware components and service programs, for the purpose of cannabis testing. This holds the ability to service, upgrade, and customize equipment as methods and operations progress. For instance, Sage Analytics has launched their new, very unique, portable next generation cannabis potency testing Device Humboldt Mini in 2017. Therefore, the cannabis testing market is anticipated to grow due to advancements in cannabis testing equipments, in the forecast period.

Don’t miss out on business opportunities in Cannabis Testing Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Global cannabis testing market, based on the services was segmented into potency testing, microbial analysis, residual solvent screening, heavy metal testing, pesticide screening, terpene profiling and genetic testing. In 2017, the potency testing segment held the largest and fastest growing segment of the market.

The report segments the global cannabis testing market as follows:

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 Geography

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
  • Middle East & Africa (MEA)
    • A.E
    • Saudi Arabia
    • South Africa
  • South and Central America (SCAM)
    • Brazil

What our report offers:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and  segments in the global Cannabis Testing Market
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Cannabis Testing Market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Posted by on Wednesday April 17 2019, 1:30 AM EDT. All trademarks acknowledged. Filed under Biotechnology, Diagnostics, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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