Press release
North America Cannabis Testing Market Estimated to Flourish by 2027 - Top Leading Companies Agilent Technologies, PerkinElmer, Shimadzu Corporation, SCIEX, Merck KGaA, Restek Corporation and Waters
North America Cannabis Testing Market Growing Rapidly
North America Cannabis Testing Market accounted to US$ 470.85 Mn in 2017 and is expected to grow at a CAGR of 11.6% during the forecast period 2018 - 2025, to account to US$ 1,120.51 Mn by 2025.
The North America Cannabis Testing Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
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Top Dominating Key Players:
1. Agilent Technologies
2. PerkinElmer, Inc.
3. Shimadzu Corporation
4. SCIEX
5. Merck KGaA
6. Restek Corporation
7. Waters
8. CannaSafe Analytics
9. Accelerated Technology Laboratories, Inc.
10. Digipath Labs
North America 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.
North America 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 Factors:
• Global North America Cannabis Testing Market Overview
• Economic Impact on Market
• Market Competition
• Global North America Cannabis Testing Market Analysis by Application
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Global North America Cannabis Testing Market Effect, Factors, Analysis
• Global North America Cannabis Testing Market Forecast
The report segments the global cannabis testing market as follows:
Global North America Cannabis Testing Market - By Type
• Products
• Software
Global North America Cannabis Testing Market - By Services
• Potency Testing
• Terpene Profiling
• Pesticide Screening
• Residual Solvent Screening
• Heavy Metal Testing
• Microbial Analysis
Global North America Cannabis Testing Market - By End User
• Testing Laboratories
• Drug Manufacturers
• Research Institutes
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Reason to Buy:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global North America 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 North America 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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Email: sales@theinsightpartners.com
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