Press release
Cannabis Testing Market Analysis and Forecasts by Leading Players Waters, CannaSafe Analytics, ccelerated Technology Laboratories, CIEX, Merck KGaA,
Legalization of medical cannabis is anticipated to drive the market for cannabis testing over the forecast period.According to a new market research study titled 'Cannabis Testing Market to 2025 - Global Analysis and Forecasts by Type, Services and End User, the global cannabis testing market was valued at US$ 1,028.2 Mn in 2017 and is estimated to reach US$ 2,486.7 Mn by 2025. The market is estimated to grow with a CAGR of 11.9% from 2017-2025.Cannabis testing is used in variety of applications that includes determining the concentration of cannabis in various analytical samples such as pharmaceutical drugs, and detection of contaminants such as bacteria and fungi.
The Cannabis Testing Market research report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter’s five forces analysis.
Get Sample PDF Copy @ http://bit.ly/2ScUSMU
Global cannabis testing market is expected to grow in the coming years, owing to the factors such as, legalization of medical cannabis, increasing awareness through conferences, symposia, and workshops and growing adoption of LIMS in cannabis testing laboratories. However, the stringent regulatory framework for cannabis and dearth of trained laboratory professionals act as a restraint for this market. On the other hand, advances in cannabis testing equipments likely to add novel opportunities for cannabis testing market, in the coming years.
Major Key Player
1. Agilent Technologies, Inc.
2. PerkinElmer, Inc.
3. Shimadzu Corporation
4. Sciex (Danaher)
5. Merck KGaA
6. Restek Corporation
7. WATERS
8. CannaSafe Analytics
9. Accelerated Technology Laboratories, Inc.
10. Digipath Inc.
The objective of the study is to describe, define, and forecast the cannabis testing market by type, services, end user and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.
Global cannabis testing market, based on the type is segmented into product and services. The product segment is further bifurcated into analytical instruments and consumables segments. In 2017, the product segment witnesses the fastest and largest share. Additionally, the software segment is anticipated to grow at a significant rate during the forecast period.
What our report offers:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Cannabis Testing Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Cannabis Testing Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Direct Purchase a copy of this report at: http://bit.ly/2HRc85F
About Us
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.
Contact us
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
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