Press release
Worlwide Cannabis Testing Market Size 2018 by Top Key Players - Agilent Technologies, Shimadzu Corporation, PerkinElmer and more
Cannabis Testing Market
The global Cannabis Testing market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
This report studies the Cannabis Testing market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Cannabis Testing market by product type and applications/end industries.
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Cannabis testing defines various drug test methods for the usage of cannabis in medical prescription, sports medicine, and law. The rapidly increasing applications of cannabis (marijuana) in mainstream medicine such as pain management is poised to increase demand for cannabis testing measures.?
Scope of the Report:
The increasing use of cannabis for medical purposes is one of the major factors driving the global?cannabis testing?market. Cannabis used for medicinal purposes is referred to as medical marijuana or medical cannabis. In this case, the whole, unprocessed cannabis plant or its extracts are used to treat a variety of symptoms and conditions. Medical cannabis contains many compounds that are collectively referred to as cannabinoids. The two main compounds are tetrahydrocannabinol (THC) and Cannabidiol (CBD). Though there are several other types of cannabinoids in cannabis strains, THC and CBD are the most abundant compounds. These compounds mainly address pain symptoms in multiple diseases.
The major drawback of?this market is a lack of uniform industry standards across the globe. Regulatory standards of various countries required for cannabis testing have huge differences as these standards are set by the government organizations of the specific country. Every country also has its own standards for dosage. Also, the exposure to heavy metals such as lead is a big concern. This is the main root of the problem. Strict regulations will prove to be unfair if they sell prescribed drugs and alcohol products. Therefore, many pharmaceutical dealers have decided to obey these laws which would contain extracts which would practically obey any cannabis testing standards.
The Americas accounted for the maximum share of the cannabis testing market during 2017. Our analysts have predicted that the market will witness steady growth in this region during the next five years as well and this will attribute to the growing approval of cannabis for recreational and medical purposes. Moreover, the demand for cannabis testing products from luxury cannabis products manufacturers will also drive the market?s growth in this region.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Cannabis Testing.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
• Agilent Technologies
• Shimadzu Corporation
• PerkinElmer
• Millipore Sigma
• AB SCIEX LLC
• Waters Corporation
• Restek Corporation
• Accelerated Technology Laboratories
• LabLynx
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Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
• Terpene Profiling Testing
• Heavy Metal Testing
• Microbial Analysis Testing
• Genetic Testing
• Residual Solvent Screening Testing
• Potency Testing
• Pesticide Screening Testing
Market Segment by Applications, can be divided into
• Laboratories
• Research Institutions
• Others
Table of Contents
1 Cannabis Testing Market Overview
2 Manufacturers Profiles
3 Global Cannabis Testing Market Competition, by Players
4 Global Cannabis Testing Market Size by Regions
5 North America Cannabis Testing Revenue by Countries
6 Europe Cannabis Testing Revenue by Countries
7 Asia-Pacific Cannabis Testing Revenue by Countries
8 South America Cannabis Testing Revenue by Countries
9 Middle East and Africa Revenue Cannabis Testing by Countries
10 Global Cannabis Testing Market Segment by Type
11 Global Cannabis Testing Market Segment by Application
12 Global Cannabis Testing Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
More Details on this Report: https://www.marketstudyreport.com/reports/global-cannabis-testing-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023
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