Global Cannabis Testing Market 2024-2028
The cannabis testing market is forecasted to grow by USD 2048.8 mn during 2023-2028, accelerating at a CAGR of 15.23% during the forecast period. The report on the cannabis testing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing use of cannabis for medical purposes, growing adoption of information management solutions, and increasing global awareness about benefits of cannabis.
Technavio's cannabis testing market is segmented as below:
By Product
- Consumables
- Instruments
- Software
By End-user
- Cannabis cultivators/growers
- Cannabis drug manufacturers
- Others
By Geography
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the emergence of luxury cannabis products as one of the prime reasons driving the cannabis testing market growth during the next few years. Also, increased public and private sector funding in cannabis industry and growing promotional activities regarding cannabis testing will lead to sizable demand in the market.
The report on the cannabis testing market covers the following areas:
- Cannabis testing market sizing
- Cannabis testing market forecast
- Cannabis testing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cannabis testing market vendors that include Agilent Technologies Inc., AmSpec LLC, Analytical Center Biopharm GmbH, Bio Rad Laboratories Inc., Danaher Corp., Digipath Inc., Eurofins Scientific SE, KNAUER Wissenschaftliche Gerate GmbH, LabWare Inc., Medicinal Genomics Corp., Merck KGaA, Mettler Toledo International Inc., PerkinElmer Inc., Sartorius AG, SGS SA, Shimadzu Corp., Thermo Fisher Scientific Inc., and Waters Corp.. Also, the cannabis testing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.