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