Cannabis Testing Market Is Expected to Rise Globally at a CAGR of 11.63% Over The Forecast Period Of 2019-2027

The report contains the profiles of various prominent players in the Global Cannabis Testing Market. Different strategies implemented by these vendors have been analyzed and studied in order to gain a competitive edge, create unique product portfolios and increase their market share. The study also sheds light on major global industry vendors. Such essential vendors consist of both new and well-known players. In addition, the business report contains important data relating to the launch of new products on the market, specific licenses, domestic scenarios and the strategies of the organization implemented on the market.
Global Cannabis Testing market research study demonstrate you with a thorough and accurate assessment to assist you to reinforce your market position. It offers the recent updates and powerful insights into the Cannabis Testing Market to enhance your company strategies and guarantee strong sales development in the years to come. It sheds light on the present and future business situations and helps you know the worldwide Cannabis Testing market's competitive dynamics. The evaluation of market segmentation provided in the research study demonstrates how distinct product, implementation and regional segments are faring on the worldwide market for Cannabis Testing.
Cannabis is a psychoactive drug which is mainly used for medicinal and recreational purposes. The global cannabis testing market is expected to rise at a CAGR of 11.63% over the forecast period of 2019-2027. The market is mainly being driven by an increase in the number of testing facilities acquired as a strategic initiative by other cannabis-oriented industries.
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Global Cannabis Testing Market: Manufacturers Segment Analysis
Product launch is the key strategy applied by the companies within the cannabis testing market in order to expand their market share. The other strategy includes mergers and acquisitions that help in expanding their product portfolio, acquire patents from target companies and encompass newer markets.
The Major Players in The Global Market Include:
GenTech Scientific, CannaSafe Analytics, Waters Corporation, Anresco Laboratories, Digipath, Inc., Thermo Fisher Scientific, Inc., Shimadzu Corporation, LabLynx, Inc., Pharmalab, Accelerated Technology Laboratories, Inc., Steep Hill Halent Laboratories, Inc., Sigma-Aldrich (Acquired By Merck Group), SC Laboratories, Inc., Cannabilab, AB Sciex LLC, Urofins Proxy Laboratories, Agilent Technologies, Inc., Restek Corporation, PerkinElmer, Inc., Eli Lilly, Test Lab Amsterdam, and SDpharma Labs LLC (PharmLabs™ LLC).
Global Cannabis Testing Market by Regional Segment Analysis
The global cannabis testing market has been geographically divided into North America, Europe, Asia-Pacific and the Rest of World. North America held the largest revenue share of around 47.54% in the global cannabis market in 2018. The growth in the North America region is mainly driven by the rising demand for cannabis use in medical drugs and treatment. In the U.S. the growing legalization of cannabis use in the medical segment is boosting the demand for cannabis testing in medical.
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Global Cannabis Testing Market: Type Segment Analysis
The other drivers include the fact that marijuana is increasingly being recognized as beneficial by the medical fraternity for medical and therapeutic uses. Also, factors like increasing legalization on the usage of cannabis for medicine and research and growing awareness about the benefits of cannabis aided by strong community support are propelling the market growth.
The lack of skilled professionals in the field of testing of cannabis is one of the key challenges faced by the cannabis testing market. As the medical cannabis market continues to rise, the need for lab tested cannabis will also increase. Also, the initial investment to set up laboratories for cannabis testing is very high. In order to set up a testing laboratory, the basic requirement that must be fulfilled includes testing instrument, inventory control, quality control, qualified staff, data management and administrative functions.
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In a word, the report provides detailed statistics and analysis on the state of the industry; and is a valuable source of guidance and direction for companies and individuals interested in the market.
Table of Contents:
Chapter 1: Research Scope
Chapter 2 Research Methodology
Chapter 3: Executive Summary
Chapter 4: Market Dynamics
Chapter 5: Market By Type
Chapter 6: Market By Product & Software
Chapter 7: Market By End-User
List of Tables:
Table 1 Global Cannabis Testing Market By Geography 2019-2027 ($ Million)
Table 2 Global Cannabis Testing Market By Type 2019-2027 ($ Million)
Table 3 Global Terpene Profiling Market By Region 2019-2027 ($ Million)
Table 4 Global Heavy Metal Market By Region 2019-2027 ($ Million)
Table 5 Global Microbial Analysis Market By Region 2019-2027 ($ Million)
Table 6 Global Genetic Testing Market By Region 2019-2027 ($ Million)
Table 7 Global Residual Solvent Screening Market By Region 2019-2027 ($ Million)
Table 8 Global Potency Cannabis Testing Market By Region 2019-2027 ($ Million)

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