Cannabis Testing Market Foreseen to Grow Exponentially by 2027 - Top Companies Agilent Technologies, PerkinElmer, Shimadzu Corporation, SCIEX, Merck KGaA, Restek Corporation, Waters, CannaSafe Analytics, Accelerated Technology Laboratories and Digipath

Cannabis Testing Market is expected to reach US$ 2,486.7 Mn in 2025 from 1,028.2 in 2017. The market is estimated to grow with a CAGR of 11.9% from 2017-2025.

Cannabis testing market is segmented by type, services and end user. Global cannabis testing market, based on type was bifurcated into product and software. The product segment is further segmented into analytical instruments and consumables. Global cannabis testing market, based on services was segmented into potency testing, terpene profiling testing, pesticide screening, residual solvent testing, heavy metal testing, microbial analysis and genetic testing. On the basis of the end user, the global cannabis testing market was segmented as testing laboratories, drug manufacturers and research institutes.

Worldwide Cannabis Testing Market Analysis to 2027 is a specialized and in-depth study of the Cannabis Testing Industry with a focus on the global market trend. The report aims to provide an overview of global Cannabis Testing Market with detailed market segmentation by product/application and geography. The global Cannabis Testing Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Cannabis Testing players and offers key trends and opportunities in the market.

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Top Leading Market Players:

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.

Key Benefits:-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Cannabis Testing Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

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.

Furthermore, the cannabis testing is also performed for determination of trace metals such as arsenic, cadmium that can adversely impact health if remained unchecked. These tests are performed with the help of various analytical techniques that include chromatography analysis, spectrometry, ELISA, polymerase chain reaction (PCR) and others. The report would be of an interest to various stakeholders operating in the cannabis testing market. These stakeholders include manufacturing companies, dealer companies, supplier companies, research centers and others.

The Cannabis Testing Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

The report segments the global cannabis testing market as follows:

Global Cannabis Testing Market - By Type

• Products
• Software

Global Cannabis Testing Market - By Services

• Potency Testing
• Terpene Profiling
• Pesticide Screening
• Residual Solvent Screening
• Heavy Metal Testing
• Microbial Analysis

Global Cannabis Testing Market - By End User

• Testing Laboratories
• Drug Manufacturers
• Research Institutes

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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 the Cannabis Testing, 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.

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 a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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This release was published on openPR.