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Cannabis Testing Market | Smart Technologies Are Changing medical device Industry

Press release   •   Mar 22, 2019 15:41 IST

Cannabis Testing Market to 2025

The research report on Cannabis Testing Market 2027 keenly analyzes significant features of the industry. The analysis servers market size, latest trends, drivers, threats, opportunities, as well as key market segments. It is based on past data and present market needs. Also, involve distinct business approaches accepted by the decision makers. That intensifies growth and make a remarkable stand in the industry. The Cannabis Testing Market will grow with a significant CAGR Between 2017 to 2025. The report segregates the complete market on the basis of key players, geographical areas, and segments.

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:

  • Agilent Technologies, Inc.
  • PerkinElmer, Inc.
  • Shimadzu Corporation
  • Sciex (Danaher)
  • Merck KGaA
  • Restek Corporation
  • WATERS
  • CannaSafe Analytics
  • Accelerated Technology Laboratories, Inc.
  • Digipath Inc.

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

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