Cannabis Testing Market, By Service Type (Potency Testing, Residual Solvent Testing, Mycotoxin Testing, Microbial Testing, Genetic Testing, Heavy Metal Testing, Pesticide Screening, Others), By Product Type (Analytical Instruments (Chromatography, Spectro

Cannabis Testing Market, By Service Type (Potency Testing, Residual Solvent Testing, Mycotoxin Testing, Microbial Testing, Genetic Testing, Heavy Metal Testing, Pesticide Screening, Others), By Product Type (Analytical Instruments (Chromatography, Spectroscopy), Consumables Testing Software & Services, Breathe Analyzer), By End User (Cannabis Drug Manufacturers, Cannabis Cultivators/Growers, Research Institutes & Labs, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Cannabis testing refers to the analytical testing of cannabis and cannabis-derived products, in order to ensure product quality and safety. It involves testing for cannabinoid profiles, pesticides, heavy metals, microbiological elements, and residual solvents. Strict regulatory norms mandating quality testing of cannabis and cannabis-based products prior to sale can drive the market growth. Rapid legalization of both medical and recreational cannabis across various regions has significantly boosted demand for quality testing services. However, lack of standardized testing protocols and infrastructure limitations in emerging markets can hamper the market growth.

Market Dynamics:

Global cannabis testing market growth is primarily driven by rapidly evolving regulatory landscape along with legalization of cannabis for medicinal and adult use across several countries worldwide. Strict quality control guidelines imposed by regulatory agencies necessitate comprehensive safety and potency testing of cannabis and related products. For instance, regulations in the U.S., Canada, and certain European countries mandate testing for pesticide residues, microbials, solvents, potency analysis among others. This has significantly boosted demand for testing services. However, lack of testing protocols harmonization can hamper the market growth. High set-up and equipment costs also hampers the market growth in price-sensitive developing regions. Ongoing R&D aimed at developing low-cost and portable testing solutions can offer new opportunities for market participants.

Key features of the study:

• This report provides in-depth analysis of the global cannabis testing market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global cannabis testing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Waters Corporation, Shimadzu Corporation, Agilent Technologies, PerkinElmer, GenTech Scientific, Millipore Sigma, AB SCIEX LLC, PharmLabs, CannaSafe Analytics, and Steep Hill Laboratories
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global cannabis testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cannabis testing market

Detailed Segmentation-

• By Service Type
• Potency Testing
• Residual Solvent Testing
• Mycotoxin Testing
• Microbial Testing
• Genetic Testing
• Heavy Metal Testing
• Pesticide Screening
• Others
• By Product Type
• Analytical Instruments
• Chromatography
• Spectroscopy
• Consumables Testing Software & Services
• Breathe Analyzer
• By End User
• Cannabis Drug Manufacturers
• Cannabis Cultivators/Growers
• Research Institutes & Labs
• Others
• By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
• Company Profiles:
• Anresco
• SC Labs, Inc
• CW Analytical Laboratories
• Digipath, Inc
• EVIO, Inc
• Eurofins Scientific
• Pure Analytics LLC
• Green Scientific Labs
• Steep Hills, Inc
• PharmLabs
• Agilent Technologies Inc.
• Shimadzu Scientific Instruments
• Restek Corporation
• PerkinElmer Inc.
• Danaher Corporation
• Accelerated Technology Laboratories Inc.
• Steep Hill Halent Laboratories Inc.
• Digipath Inc.
• Sartorius AG