Cannabis Testing Market Scenario  

Rise adoption of LIMS in cannabis testing laboratories, increasing awareness and rising number of cannabis testing laboratories are some of the major factors propelling the cannabis testing market globally. Furthermore, legalization of medical cannabis is also one of the factor propelling the growth of cannabis testing market. However, lack of uniform rules and regulations with cannabis testing is one of the major factor expected to hamper the global growth of the market.

Cannabis Testing Market Segmentation

The Cannabis Testing market is segmented by product & software, services, end user and geography. The product & software studied in the cannabis testing market are Analytical Instruments (Chromatography Instruments (Liquid Chromatography, Gas Chromatography and Other Chromatography Instruments), Spectroscopy Instruments, Mass Spectrometry Instruments, Atomic Spectroscopy Instruments and Others), Consumables and Software. Furthermore, the services comprises of Potency Testing, Terpene Profiling, Residual Solvent Analysis, Microbial Analysis, Pesticide Screening, Heavy Metal Testing and Other Services. Likewise, cannabis testing are used in various end user such as Laboratories, Cannabis Drug Manufacturers & Dispensaries and Others. Based on Geography, the cannabis testing market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.

Cannabis Testing Market by Geography

Based on geography, the Cannabis Testing market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the North America is anticipated to hold the major share of the global cannabis testing market. Major drivers include increase in the number of testing laboratories and presence of a large number of cultivators in the region. Furthermore, growing biopharmaceutical industry and increasing life science research is expected to support the growth of the market in Asia Pacific region during the forecast period.

Cannabis Testing Market Key Players

Some of the major players operating in the global Cannabis Testing market includes Agilent Technologies, Canmedlabs, Danaher Corporation, Digipath, Hamilton Company, Merck Kgaa, Perkinelmer, Pharmlabs Llc, Restek Corporation, Sc (Science Of Cannabis) Laboratories, Shimadzu Corporation, Steep Hill, Thermo Fisher Scientific, Waters Corporation. Many companies in this market implement initiatives such as mergers and acquisitions, product developments, and geographic penetration to compete in the market.

Cannabis Testing Market Report Key Benefits

• The report offers changing market dynamics in the Cannabis Testing market, presenting historical, current and projected market size in terms of value (USD Million)
• The report comprises a detailed analysis of the factors that drive and restrict the growth of global Cannabis Testing market.
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Cannabis Testing
• It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Cannabis Testing market performance
• Key players within the global Cannabis Testing market are profiled to understand the competitor scenario.

Research Objectives of Cannabis Testing Market Report:

• Analysing the outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the Cannabis Testing market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.