Cannabis Testing Market to Garner US$ 2,486.7 Mn by 2025, with a CAGR of 11.9% with Business Market Insights: Restek Corporation, Waters, CannaSafe Analytics, Accelerated Technology Laboratories, Inc., Digipath Labs

The Global Cannabis Testing Market accounted for US$ 1,028.2 Mn in 2017 and is expected to grow at a CAGR of 11.9% during the forecast period 2018 - 2025, to account for US$ 2,486.7 Mn by 2025.

The 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 equipment likely to add novel opportunities for the cannabis testing market, in the coming years.

The cannabis businesses in the US are small independently-held entities. Various companies, such as the food, tobacco, and pharmaceutical industries were held back by regulatory concerns, but are now expected to enter the market. Cannabis businesses are small due to stringent regulations for import and export. Companies that want to expand to other regions must establish cultivation, manufacturing, and selling infrastructure in a new location, or form a partnership with other companies in the other state. For instance, in 2018, some of the multi-state operators acquired additional licensed operators in new locations to enhance its presence.

(**Note: The sample of this report is updated with COVID-19 impact analysis**)

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Top Vendors of Cannabis Testing Market:-
• Agilent Technologies
• PerkinElmer, Inc.
• Shimadzu Corporation
• SCIEX
• Merck KGaA
• Restek Corporation
• Waters
• CannaSafe Analytics
• Accelerated Technology Laboratories, Inc.
• Digipath Labs

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

Furthermore, it throws light on key business priorities in order to assist the companies. The global Cannabis Testing market report summarized with different case studies from leading industries, policymakers, business owners, and industry experts. The growth predictions for numerous segments have been included in the report.

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• This report provides pin-point analysis for changing competitive dynamics
• It provides a forward looking perspective on different factors driving or restraining market growth
• It provides a six-year forecast assessed on the basis of how the Cannabis Testing Market is predicted to grow
• It helps in understanding the key product segments and their future
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.

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The Cannabis Testing Market development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered. With the tables and figures the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

A SWOT analysis and Porter’s five analysis have been used by experts of the Cannabis Testing Market report to analyze the data effectively. Different dynamic phases of the businesses such as drivers, challenges, risks, opportunities, and restraints have been scrutinized to get detailed knowledge for making informed decisions in the businesses. It highlights the statistics of current market scenario, past progress as well as futuristic progress.

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