US Cannabis Testing Services Market, By Service Type (Potency Testing, Residual Solvent Testing, Mycotoxin Testing, Microbial Testing, Genetic Testing, Heavy Metal Testing, Pesticide Screening, and Others), By Product Type (Analytical Instruments (Chromat

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

US cannabis testing services market growth is driven by legalization of medical and recreational marijuana in several states. As more states move to regulate the cannabis industry, stringent quality control and product safety testing has become imperative. Cannabis testing facilities play a crucial role in ensuring product quality and safety by analyzing cannabis and cannabis-derived products for contaminants, potency, and consistency. With increasing commercialization of cannabis sector, testing has moved beyond basic compliance to address diverse needs of producers, processors, retailers and consumers. Several labs have also started offering customized analytics and advisory services to help businesses optimize production processes and develop new products. As the legal cannabis market matures further and faces increasing commercial competition, robust testing infrastructure and standardization across states will be pivotal for building consumer trust and expanding user base.

Market Dynamics:

US cannabis testing services market growth is driven by growing commercial cannabis cultivation and manufacturing industry across states with legal medical and adult-use programs. Stringent regulatory standards requiring comprehensive testing of cannabis and cannabis-derived products prior to retail sale can drive the market growth. However, lack of consistency and standardization in state-level testing laws and guidelines can pose challenges to multi-state operators. Lack of federal regulations and obstacle to banking and insurance can hamper the market expansion. Meanwhile, increasing consumer awareness about product quality and safety drive businesses to tap advanced analytical capabilities for specialized tests. The development of innovative testing technologies can reduce turnaround time and costs, thus, offering new opportunities.

(Key features of the study):

• This report provides in-depth analysis of the US cannabis testing services 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 US cannabis testing services 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 Agilent Technologies Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., Digipath Inc., Steep Hill Inc.
• 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
• US cannabis testing services 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 US cannabis testing services 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
• 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