Global Cannabis Testing Market Forecast 2024-2032

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,900	291 Pages	Inkwood Research	April, 2024	INKR18681596

Best Price Guarantee
Price	from $2,900
Length	291 Pages
Publisher	Inkwood Research
Published Date	April, 2024
SKU	INKR18681596

Global Cannabis Testing Market Forecast 2024-2032

KEY FINDINGS

The global cannabis testing market is estimated to develop at a CAGR of 13.32% during the forecast period 2024-2032. Several factors stimulate the market growth: recognition of cannabis for medical and therapeutic use by the medical fraternity, rise in the number of testing facilities, increasing legalization of the use of cannabis for medicine and research, and rising awareness about cannabis benefits aided by strong community support.

MARKET INSIGHTS

The global cannabis testing market has experienced significant growth, attributed in part to the increase in venture funding dedicated to cannabis testing. This influx of funding has enabled research and development activities, leading to the enhancement of testing technologies and methodologies. As a result, the accuracy and reliability of cannabis testing have improved, meeting the stringent quality and safety standards required by regulatory authorities and consumers alike.

One of the primary contributors to the cannabis testing market is laboratories. Laboratories play a crucial role in conducting comprehensive testing procedures to ensure the potency, purity, and safety of cannabis products. With advanced analytical instruments and methodologies, laboratories can detect contaminants, such as pesticides, heavy metals, and microbial pathogens, providing essential data for regulatory compliance and consumer confidence.

However, despite the market's growth and contributions from laboratories, a significant challenge remains in the form of the lack of standardized regulations across the globe. The absence of uniform regulatory frameworks constitutes obstacles for companies operating in multiple jurisdictions, as varying regulations require adjustments in testing protocols and compliance measures. This lack of standardization can lead to inconsistencies in testing results and hinder the harmonization of quality standards within the cannabis industry.

Hence, while the global cannabis testing market benefits from increased venture funding and laboratories' pivotal role, challenges persist due to the lack of standardized regulations worldwide. To overcome these restraints, collaboration among industry stakeholders, regulatory bodies, and policymakers is essential. They must work together to establish cohesive standards that promote the integrity and reliability of cannabis testing practices across different spheres.

REGIONAL INSIGHTS

The global cannabis testing market growth analysis includes the geographical assessment of Asia-Pacific, Europe, North America, and Rest of World. North America was the dominating region in the global cannabis testing market. Further, the demand for cannabis testing services is rising due to varied US regulations, but federal restrictions hinder efficiency. In Canada, the established market and fragmented testing sector create growth opportunities. As Canadian producers export globally, testing service demand increases with the expanding cannabis market.

COMPETITIVE INSIGHTS

The global cannabis testing market faces intense industry rivalry due to the presence of numerous testing laboratories competing to provide accurate and reliable testing services. This competition is further elevated by technological advancements and evolving regulatory standards, driving companies to differentiate themselves based on quality, efficiency, and compliance. Some of the eminent players in the market include Accelerated Technology Laboratories Inc, Agilent Technologies Inc, Anresco Laboratories, DigiPath Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

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1. Research Scope & Methodology: 1.1. Study Objectives; 1.2. Methodology; 1.3. Assumptions & Limitations
2. Executive Summary: 2.1. Market Size & Estimates; 2.2. Market Overview; 2.3. Scope Of Study; 2.4. Major Market Findings; 2.4.1. Increase In Venture Funding For Cannabis Testing; 2.4.2. Laboratories Are The Largest Contributor To Cannabis Testing Market; 2.4.3. Inhalation Cannabis Is The Prominent Cannabis Type
3. Market Dynamics: 3.1. Market Drivers; 3.1.1. Recognition Of Cannabis For Medical And Therapeutic Use By The Medical Fraternity; 3.1.2. Rise In The Number Of Testing Facilities; 3.1.3. Increasing Legalization Of The Use Of Cannabis For Medicine And Research; 3.1.4. Rising Awareness About Cannabis Benefits Aided By Strong Community Support; 3.2. Market Restraints; 3.2.1. Lack Of Standardized Regulations Across The Globe; 3.2.2. Exorbitant Costs Related To The Laboratory Analytical Instruments Used For Cannabis Testing; 3.2.3. Lack Of Skilled Professionals In The Field Of Cannabis Testing
4. Key Analytics: 4.1. Key Market Trends; 4.1.1. Testing For Minor Cannabinoids Taking Center Stage; 4.1.2. Integration Of Blockchain And Track-and-trace Systems Into Cannabis Testing Process; 4.1.3. Employment Of Integrated Laboratory Information Management Systems (Lims) For Accurate Test Results; 4.2. Porter’s Five Forces Analysis; 4.2.1. Buyers Power; 4.2.2. Suppliers Power; 4.2.3. Substitution; 4.2.4. New Entrants; 4.2.5. Industry Rivalry; 4.3. Growth Prospect Mapping; 4.3.1. Growth Prospect Mapping For Canada; 4.3.2. Growth Prospect Mapping For Germany; 4.3.3. Growth Prospect Mapping For Australia & New Zealand; 4.3.4. Growth Prospect Mapping For Israel; 4.4. Market Maturity Analysis; 4.5. Market Concentration Analysis; 4.6. Key Buying Criteria; 4.6.1. Cost; 4.6.2. Product Feature; 4.6.3. Effectiveness
5. Market By Cannabis Type: 5.1. Solid Edible Cannabis; 5.2. Inhaling Cannabis; 5.3. Liquid Edible Cannabis; 5.4. Topical Cannabis; 5.5. Other Cannabis Types
6. Market By Test Type: 6.1. Terpene Profiling; 6.2. Heavy Metal Testing; 6.3. Microbial Analysis; 6.4. Genetic Profiling; 6.5. Residual Solvent Screening; 6.6. Potency Testing; 6.7. Other Test Types
7. Market By Instrument & Software: 7.1. Cannabis Testing Instrument; 7.1.1. Chromatography Instrument; 7.1.1.1. Liquid Chromatography Instrument; 7.1.1.2. Gas Chromatography Instrument; 7.1.1.3. Other Chromatography Instruments; 7.1.2. Spectroscopy Instrument; 7.1.2.1. Mass Spectrometry Instrument; 7.1.2.2. Atomic Spectroscopy Instrument; 7.1.3. Other Cannabis Testing Instruments; 7.2. Consumable; 7.2.1. Sample Preparation Product; 7.2.2. Standards And Crms; 7.2.3. Chromatography Column; 7.2.4. Supplies And Accessories; 7.3. Cannabis Testing Software
8. Market By Service: 8.1. Cannabis Cultivator/Grower; 8.2. Cannabis Drug Manufacturer And Dispensary
9. Market By End-user: 9.1. Cannabis Testing Laboratory; 9.2. Research Institution; 9.3. Other End-users
10. Geographical Analysis: 10.1. North America; 10.1.1. Market Size & Estimates; 10.1.2. North America Cannabis Testing Market Drivers; 10.1.3. North America Cannabis Testing Market Challenges; 10.1.4. North America Cannabis Testing Market Regulatory Framework; 10.1.5. Key Players In North America Cannabis Testing Market; 10.1.6. Country Analysis; 10.1.6.1. United States; 10.1.6.1.1. United States Cannabis Testing Market Size & Opportunities; 10.1.6.2. Canada; 10.1.6.2.1. Canada Cannabis Testing Market Size & Opportunities; 10.2. Europe; 10.2.1. Market Size & Estimates; 10.2.2. Europe Cannabis Testing Market Drivers; 10.2.3. Europe Cannabis Testing Market Challenges; 10.2.4. Europe Cannabis Testing Market Regulatory Framework; 10.2.5. Key Players In Europe Cannabis Testing Market; 10.2.6. Country Analysis; 10.2.6.1. United Kingdom; 10.2.6.1.1. United Kingdom Cannabis Testing Market Size & Opportunities; 10.2.6.2. Germany; 10.2.6.2.1. Germany Cannabis Testing Market Size & Opportunities; 10.2.6.3. France; 10.2.6.3.1. France Cannabis Testing Market Size & Opportunities; 10.2.6.4. Italy; 10.2.6.4.1. Italy Cannabis Testing Market Size & Opportunities; 10.2.6.5. Spain; 10.2.6.5.1. Spain Cannabis Testing Market Size & Opportunities; 10.2.6.6. Belgium; 10.2.6.6.1. Belgium Cannabis Testing Market Size & Opportunities; 10.2.6.7. Poland; 10.2.6.7.1. Poland Cannabis Testing Market Size & Opportunities; 10.2.6.8. Rest Of Europe; 10.2.6.8.1. Rest Of Europe Cannabis Testing Market Size & Opportunities; 10.3. Asia-pacific; 10.3.1. Market Size & Estimates; 10.3.2. Asia-pacific Cannabis Testing Market Drivers; 10.3.3. Asia-pacific Cannabis Testing Market Challenges; 10.3.4. Asia-pacific Cannabis Testing Market Regulatory Framework; 10.3.5. Key Players In Asia-pacific Cannabis Testing Market; 10.3.6. Country Analysis; 10.3.6.1. China; 10.3.6.1.1. China Cannabis Testing Market Size & Opportunities; 10.3.6.2. Japan; 10.3.6.2.1. Japan Cannabis Testing Market Size & Opportunities; 10.3.6.3. India; 10.3.6.3.1. India Cannabis Testing Market Size & Opportunities; 10.3.6.4. South Korea; 10.3.6.4.1. South Korea Cannabis Testing Market Size & Opportunities; 10.3.6.5. Singapore; 10.3.6.5.1. Singapore Cannabis Testing Market Size & Opportunities; 10.3.6.6. Thailand; 10.3.6.6.1. Thailand Cannabis Testing Market Size & Opportunities; 10.3.6.7. Malaysia; 10.3.6.7.1. Malaysia Cannabis Testing Market Size & Opportunities; 10.3.6.8. Australia & New Zealand; 10.3.6.8.1. Australia & New Zealand Cannabis Testing Market Size & Opportunities; 10.3.6.9. Rest Of Asia-pacific; 10.3.6.9.1. Rest Of Asia-pacific Cannabis Testing Market Size & Opportunities; 10.4. Rest Of World; 10.4.1. Market Size & Estimates; 10.4.2. Rest Of World Cannabis Testing Market Drivers; 10.4.3. Rest Of World Cannabis Testing Market Challenges; 10.4.4. Key Players In Rest Of World Cannabis Testing Market; 10.4.5. Regional Analysis; 10.4.5.1. Latin America; 10.4.5.1.1. Latin America Cannabis Testing Market Size & Opportunities; 10.4.5.2. Middle East & Africa; 10.4.5.2.1. Middle East & Africa Cannabis Testing Market Size & Opportunities
11. Competitive Landscape: 11.1. Key Strategic Developments; 11.1.1. Mergers & Acquisitions; 11.1.2. Product Launches & Developments; 11.1.3. Partnerships & Agreements; 11.1.4. Business Expansions & Divestitures; 11.2. Company Profile; 11.2.1. Accelerated Technology Laboratories Inc; 11.2.1.1. Company Overview; 11.2.1.2. Product/Service List; 11.2.1.3. Strengths & Challenges; 11.2.2. Agilent Technologies Inc; 11.2.2.1. Company Overview; 11.2.2.2. Product/Service List; 11.2.2.3. Strengths & Challenges; 11.2.3. Perkinelmer Inc; 11.2.3.1. Company Overview; 11.2.3.2. Product/Service List; 11.2.3.3. Strengths & Challenges; 11.2.4. Anresco Laboratories; 11.2.4.1. Company Overview; 11.2.4.2. Product/Service List; 11.2.4.3. Strengths & Challenges; 11.2.5. Digipath Inc; 11.2.5.1. Company Overview; 11.2.5.2. Product/Service List; 11.2.5.3. Strengths & Challenges; 11.2.6. Restek Corporation; 11.2.6.1. Company Overview; 11.2.6.2. Product/Service List; 11.2.6.3. Strengths & Challenges; 11.2.7. Thermo Fisher Scientific Inc; 11.2.7.1. Company Overview; 11.2.7.2. Product/Service List; 11.2.7.3. Strengths & Challenges; 11.2.8. Merck Kgaa; 11.2.8.1. Company Overview; 11.2.8.2. Product/Service List; 11.2.8.3. Strengths & Challenges; 11.2.9. Shimadzu Corporation; 11.2.9.1. Company Overview; 11.2.9.2. Product/Service List; 11.2.9.3. Strengths & Challenges; 11.2.10. Waters Corporation; 11.2.10.1. Company Overview; 11.2.10.2. Product/Service List; 11.2.10.3. Strengths & Challenges; 11.2.11. Sciex Llc; 11.2.11.1. Company Overview; 11.2.11.2. Product/Service List; 11.2.11.3. Strengths & Challenges; 11.2.12. Gentech Scientific; 11.2.12.1. Company Overview; 11.2.12.2. Product/Service List; 11.2.12.3. Strengths & Challenges; 11.2.13. Eurofins; 11.2.13.1. Company Overview; 11.2.13.2. Product/Service List; 11.2.13.3. Strengths & Challenges; 11.2.14. Test Lab Amsterdam; 11.2.14.1. Company Overview; 11.2.14.2. Product/Service List; 11.2.14.3. Strengths & Challenges; 11.2.15. Novachem; 11.2.15.1. Company Overview; 11.2.15.2. Service List; 11.2.15.3. Strengths & Challenges