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Cannabis Testing Market In Advance Technology And New Innovations Available In New Report 2025

Press release   •   Feb 25, 2019 11:11 IST

Cannabis Testing Market to 2025

The report provides a detailed overview on the Global Cannabis Testing Market with overview and forecast of the global Cannabis Testing Market based on type, component and geography. It also provides market size and forecast till 2025 for overall Cannabis Testing Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

Cannabis Testing Market to 2025 – Global Analysis and Forecasts by Type (Products and Software); Services (Potency Testing, Terpene Profiling, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Microbial Analysis, and Genetic Testing); End User (Testing Laboratories, Drug Manufacturers, and Research Institutes) and Geography

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)

Key Players Recognized for Cannabis Testing Market include:

The major players operating in the market of cannabis testing include, Agilent Technologies, PerkinElmer, Inc., Shimadzu Corporation, SCIEX, Merck KGaA, Restek Corporation, Waters, CannaSafe Analytics, Accelerated Technology Laboratories, Inc., and Digipath Labs and among others.

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.

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.

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North America holds the largest market for the Cannabis Testing followed by Europe. The Asia Pacific market is the fastest growing market as increase in expenditure for research institutes and support from government bodies for funds, and grants, have boosted the research activities to grow the use of brain computer interface 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

  • U.S.
  • Canada
  • Mexico

Europe

  • UK
  • Germany
  • France

Asia Pacific (APAC)

  • Japan
  • China
  • India

Middle East & Africa (MEA)

  • U.A.E
  • Saudi Arabia
  • South Africa
  • South and Central America (SCAM)
  • Brazil

Table of Contents:
1. INTRODUCTION 32
1.1 SCOPE OF THE STUDY 32
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 32

2. GLOBAL CANNABIS TESTING MARKET – KEY TAKEAWAYS 34

3. GLOBAL CANNABIS TESTING – MARKET LANDSCAPE 37
3.1 OVERVIEW 37
3.2 MARKET SEGMENTATION 37
3.2.1 Global Cannabis testing market – By Type 38
3.2.2 Global Cannabis testing market – By Services 38
3.2.3 Global Cannabis testing market – By End User 39
3.2.4 Global Cannabis testing market – By Geography 39
3.3 PEST ANALYSIS 40
3.3.1 North America – PEST Analysis 40
3.3.2 Europe– PEST Analysis 40
3.3.3 Asia Pacific– PEST Analysis 41
3.3.4 Middle East and Africa – PEST Analysis 41
3.3.5 South and Central America – PEST Analysis 42

4. GLOBAL CANNABIS TESTING MARKET – KEY MARKET DYNAMICS 43
4.1.1 Legalization of Medical Cannabis 43
4.1.2 Increasing Awareness Through Conferences, Symposia, and Workshops: 43
4.1.3 Growing Adoption of LIMS in Cannabis Testing Laboratories 44
4.2 KEY MARKET RESTRAINTS 45
4.2.1 Stringent Regulatory Framework for Cannabis: 45
4.2.2 Dearth of Trained Laboratory Professionals: 45
4.3 KEY MARKET OPPORTUNITIES 46
4.3.1 Mergers & Acquisitions 46
4.4 FUTURE TRENDS 46
4.4.1 Advances in Cannabis Testing Equipments: 46
4.5 IMPACT ANALYSIS 47

5. CANNABIS TESTING MARKET – GLOBAL ANALYSIS 48
5.1 GLOBAL CANNABIS TESTING MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN) 48
5.2 GLOBAL CANNABIS TESTING MARKET, BY GEOGRAPHY - FORECASTS AND ANALYSIS (US$ MN) 49
5.3 MARKET POSITIONING 50
5.4 PERFORMANCE OF KEY PLAYERS 50
5.4.1 Agilent Technologies 50
5.4.2 Shimadzu Corporation 51
5.5 EXPERT OPINIONS 51

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