Cannabis Testing Market - Size, Share, Trends and Forecast, 2022 - 2028
Cannabis testing involves quantification of major chemical compound and active ingredient in the given specimen of cannabis. Cannabinoids and terpene are major active ingredient that has medicinal potency. Depending on the concentration of the chemical active ingredient, the potency of the sample representing huge quantity of cannabis is decided. Cannabis testing is performed with the help of analytical instruments such as liquid chromatography, gas chromatography etc. Commercial labs offers dedicated cannabis testing services in developed region. Increasing number of the medicinal usage is propelling demand for commercial manufacturing of cannabis. However, government authorities demands quality testing of the cannabis before using them for recreational and medicinal purpose
Market Dynamics
Cannabis testing products and services market is witnessing significant growth with increased government approval and loosening regulatory stringent ness over use of cannabis for commercial and recreational purpose. For instance, in February 2016, the Australian government amended the Narcotics Drugs Act 1967, to allow cultivation of cannabis for medicinal or scientific purposes under a national licensing scheme, which is expected to favor the growth of the commercial manufacturing of cannabis plant in the region, which in turn would also drive growth of the cannabis testing market. Furthermore, the Australian government in January 2018, announced that it would allow medicinal cannabis exports, which is expected to provide growth opportunities for domestic manufacturers. Increasing number of laboratories offering cannabis testing is expected to further drive the market growth.
Key features of the study:
This report provides in-depth analysis of cannabis testing market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021, as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new Fixator launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global cannabis testing market based on the following parameters – company overview, financial performance, Fixator portfolio, market presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Agilent Technologies, Inc., Shimadzu Corporation, PerkinElmer, Inc., Millipore Sigma, AB SCIEX LLC, Cannabix Technologies, Inc., Waters Corporation, , Steep Hill Labs, Inc., SC Laboratories Inc., CannaSafe Analytics, GenTech Scientific, Pharm Labs, LLC, and Digipath Labs, Inc
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future fixator launch, technology up-gradation, market expansion, and marketing tactics
The 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 the various strategy matrices used in analyzing the cannabis testing market
Detailed Segmentation:
Global Cannabis Testing Market, By Product and Service Type:
Product type
Analytical Instruments
Chromatography Instruments
Liquid Chromatography
Gas Chromatography
Others
Spectroscopy Instruments
Mass Spectroscopy
Atomic Spectroscopy
Consumables
Breathe Analyzer
Service Type
Potency Testing
Terpene Testing
Pesticide Testing
Residual Solvent
Heavy Metal Testing
Mycotoxin and Microbial Testing
Others
Global Cannabis Testing Market, By End Users:
Testing Laboratories
Drug Manufacturer
Research Institutes
Global Cannabis Testing Market, By Geography:
North America
By Product
Analytical Instruments
Liquid Chromatography
Gas Chromatography
Others
Spectroscopy Instruments
Mass Spectroscopy
Atomic Spectroscopy
Consumables
Breathe Analyzers
By Service Type:
Potency Testing
Terpene Testing
Pesticide Testing
Residual Solvent
Heavy Metal Testing
Mycotoxin and Microbial Testing
Others
By End User:
Testing Laboratories
Drug Manufacturer
Research Institutes
By Country:
U.S.
Canada
Latin America
By Product
Analytical Instruments
Liquid Chromatography
Gas Chromatography
Others
Spectroscopy Instruments
Mass Spectroscopy
Atomic Spectroscopy
Consumables
Breathe Analyzers
By Service Type:
Potency Testing
Terpene Testing
Pesticide Testing
Residual Solvent
Heavy Metal Testing
Mycotoxin and Microbial Testing
Others
By End User:
Testing Laboratories
Drug Manufacturer
Research Institutes
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product
Analytical Instruments
Liquid Chromatography
Gas Chromatography
Others
Spectroscopy Instruments
Mass Spectroscopy
Atomic Spectroscopy
Consumables
Breathe Analyzers
By Service Type:
Potency Testing
Terpene Testing
Pesticide Testing
Residual Solvent
Heavy Metal Testing
Mycotoxin and Microbial Testing
Others
By End User:
Testing Laboratories
Drug Manufacturer
Research Institutes
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product
Analytical Instruments
Liquid Chromatography
Gas Chromatography
Others
Spectroscopy Instruments
Mass Spectroscopy
Atomic Spectroscopy
Consumables
Breathe Analyzers
By Service Type:
Potency Testing
Terpene Testing
Pesticide Testing
Residual Solvent
Heavy Metal Testing
Mycotoxin and Microbial Testing
Others
By End User:
Testing Laboratories
Drug Manufacturer
Research Institutes
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product
Analytical Instruments
Liquid Chromatography
Gas Chromatography
Others
Spectroscopy Instruments
Mass Spectroscopy
Atomic Spectroscopy
Consumables
Breathe Analyzers
By Service Type:
Potency Testing
Terpene Testing
Pesticide Testing
Residual Solvent
Heavy Metal Testing
Mycotoxin and Microbial Testing
Others
By End User:
Testing Laboratories
Drug Manufacturer
Research Institutes
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product
Analytical Instruments
Liquid Chromatography
Gas Chromatography
Others
Spectroscopy Instruments
Mass Spectroscopy
Atomic Spectroscopy
Consumables
Breathe Analyzers
By Service Type:
Potency Testing
Terpene Testing
Pesticide Testing
Residual Solvent
Heavy Metal Testing
Mycotoxin and Microbial Testing
Others
By End User:
Testing Laboratories
Drug Manufacturer
Research Institutes
By Country:
South Africa
Central Africa
North Africa
Company Profiles
Agilent Technologies, Inc.*
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Market Strategies
Shimadzu Corporation
Millipore Sigma, Inc.
Waters Corporation
AB SCIEX LLC
Steep Hill Labs, Inc.
Cannabix Technologies, Inc.
Digipath Labs, Inc.
CannaSafe Analytic, Inc.
“*” marked represents similar segmentation in other categories in the respective section.
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