Cannabis Testing Market | Ongoing Trends and Recent Developments | Major Key Players like Shimadzu Corporation (Japan), Agilent Technologies (U.S.), PerkinElmer, Inc. (U.S.), Millipore Sigma (U.S.)

Growth in the Cannabis Testing Market is primarily driven by factors such as legalization of medical cannabis; growing number of cannabis testing laboratories; growing adoption of LIMS in cannabis testing labs; rising awareness of the medical use of cannabis through conferences, symposia, and workshops; and increasing availability of analytical testing instruments and software.

What the Cannabis Testing Market Looks Like?

Predicted to grow at a CAGR of 11.5% during the forecast period, the global Cannabis Testing Market is estimated to reach USD 1,416.3 million.

On the basis of end user, the cannabis testing products & software market is further segmented into laboratories and research institutes. Laboratories are expected to register the highest CAGR during the forecast period. The high share of this segment is attributed to the increasing demand for cannabis testing products and software among labs. This is particularly evident in the U.S., where the number of cannabis testing laboratories has grown due to the legalization of the use of cannabis in medicine, increasing expansion of leading cannabis testing laboratories, and growing availability of technologically advanced analytical instruments and software (LIMS) for the cannabis industry.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=46932450

Potency Testing:

Potency testing involves isolating cannabinoids and evaluating their strength and the effect they will have on medical marijuana users. There are about 113 different cannabinoids. The primary cannabinoids of interest are THC (tetrahydrocannabinol), THCa (tetrahydrocannabinolic acid), cannabinol (CBN), CBD (cannabidiol), and CBDA (cannabidiolic acid). Liquid and gas chromatography are some of the recommended methods for potency testing. In addition, portable cannabis analyzers are used for on-field potency tests that deliver on-the-spot results for THC, THCa, CBD, and CBDA in dried cannabis and processed oils.

Residual Solvent Screening:

Residual solvents are excess chemicals from the process used to extract cannabinoids and terpenes from cannabis plants. These solvents are evaporated to prepare oils, waxes, and edibles. Sometimes, the evaporation process does not eliminate all solvents. As these solvents can cause harmful effects if consumed, it is very crucial to remove them.

Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=46932450

What Drives the Cannabis Testing Market?

The growth of the global market for Cannabis Testing is primarily influenced by the following factors:

• Legalization of Medical Cannabis Coupled with the Growing Number of Cannabis Testing Laboratories
• Growing Adoption of LIMS in Cannabis Testing Laboratories
•Increasing Awareness Through Conferences, Symposia, and Workshops
• Emerging Markets in Latam and MEA

Geographical growth scenario of Cannabis Testing Market:

Based on the region, the Cannabis Testing Market is segmented into North America, Europe, LATAM & MEA, and Asia-Pacific. In 2016, North America accounted for the largest share of the market. Factors such as the growing legalization of cannabis for medical use, rapid growth in the number of cannabis testing laboratories, the presence of prominent players in this region, growing awareness regarding medical cannabis, and rising funding for the cannabis industry are some key factors driving market growth in this region.

Read More in Detailed: https://www.marketsandmarkets.com/PressReleases/cannabis-testing.asp

Leading Cannabis Testing Market players and strategies adopted:

Shimadzu Corporation (Japan), Agilent Technologies (U.S.), PerkinElmer, Inc. (U.S.), Millipore Sigma (U.S.), AB Sciex LLC (a Danaher Company) (U.S.), Restek Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Waters Corporation (U.S.), Fritsch Milling (U.S.), Accelerated Technology Laboratories (U.S.), CannaSys, Inc. (U.S.), PharmLabs, LLC (U.S.), Guardian Data Systems, Inc. (U.S.), and Lab Lynx, Inc. (U.S.)

Contact Us:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.