Cannabis Testing Market Future and Growth Analysis To 2026 Estimated By Global Key Players Agilent Technologies, Shimadzu, PerkinElmer, Millipore Sigma, AB SCIEX, Cannabix Technologies, Waters Corporation, Steep Hill Labs, CannaSafe Analytics etc.

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.

Cannabis testing comprises determination of trace metals such as cadmium, arsenic, leads and mercury over cannabis plants and products, which could impart adverse effect to human health. Three species of cannabis are present, each has different concentration of active ingredient (cannabinoids and terpene), which leads to risk of cannabis adulteration with cannabis species having lower amount of active ingredient. Therefore in such cases cannabis testing would be beneficial to find the authenticity of given specimen.

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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 Vendors of Cannabis Testing Market: 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.

Detailed Segmentation:

Global Cannabis Testing Market, By Product Service Type:- Analytical Instruments , Spectroscopy Instruments, Consumables and Breathe Analyzer
Global Cannabis Testing Market, By Service Type:- Potency Testing, Terpene Testing, Pesticide Testing, Residual Solvent, Heavy Metal Testing, Mycotoxin and Microbial Testing, and Others
Global Cannabis Testing Market, By End Users:- Testing Laboratories, Drug Manufactures, and Research Institutes
Global Cannabis Testing Market, By Geography:- North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

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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 (2018 – 2026), considering 2017, 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

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This release was published on openPR.