Impact Of The Covid-19 On Cannabis Testing Market Is Expected To Drive The Growth Of This Service Segment

Cannabis Testing Market Report analysis 2021-2027 presents a complete assessment of the market and comprises future trends, current growth factors, attentive opinions, facts, historical information, and forecasts. This Cannabis Testing Market is defined with its related details such as product types, business overview, sales, manufacturers, applications, and other specifications. It provides a systematic approach to the current and prospective scenario of the global regions. Detailed information of the Cannabis Testing Market Report growth rate, technological innovations, and key strategies implemented by the main leading industry players.

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Top Company Profile Analysis in this Report-
Agilent Technologies, Inc., Shimadzu Corporation, MERCK KGAA, Thermo Fisher Scientific, DigiPath, Inc., Steep Hill Inc., SC Laboratories, Inc., PharmLabs LLC & among others

The global cannabis testing market is expected to reach USD 1,806 million by 2025 from USD 962 million in 2020, at a CAGR of 13.4% during the forecast period. The growth in this market is mainly driven by factors such as the legalization of medical cannabis and the growing number of cannabis testing laboratories (specifically in the US), the growing adoption of LIMS in cannabis testing laboratories, and increasing awareness. A lack of uniformity in rules and regulations, high costs, and inadequate personnel are major factors expected to hamper the market growth. 

The cannabis testing services market is poised to grow at a CAGR of 13.7% during the forecast period. The high growth of this market is owing to the growing legalization of medical marijuana (especially in the US). In addition, funding initiatives for cannabis testing laboratories and the growing number of cannabis testing laboratories are contributing to the growth of the cannabis testing services market. However, variations in cannabis testing methods and the lack of testing regulations are likely to limit the growth of the market to a certain extent.

The cannabis testing market is segmented into products and software. The product segment is expected to register the highest CAGR of 13.4% during the forecast period. The high growth of this segment can be attributed to the growing requirements for potency labeling and pesticide screening, which drive the demand for analytical instruments, introduce technologically advanced products, and increase the recurring demand for consumables.

The report segments the cannabis testing market  based on region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa),product & software (anlaytical instruments, consumbles and software), services (potency testing, terpene profiling, pesticide screening, residual solvent analysis, heavy metal testing, microbial analysis, and other services), end user (product & software (cannabis testing laboratories and research institutes), services (drug manufacturers & dispensaries and cannabis cultivators)). The report also provides a comprehensive review of market drivers, challenges, and opportunities in the cannabis testing market

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Key Benefits of Buying the Report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the cannabis testing market and provides them information on key market drivers, challenges, and opportunities.

Table Of Contents in this Report-
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes
Figure 1 Size Of The Cannabis Testing Market To Increase During 2020−2022, Compared With The Previous Estimates Of This Market

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
Figure 2 Breakdown Of Primaries: Cannabis Testing Market
2.2 Data Triangulation
Figure 3 Data Triangulation Methodology
2.3 Market Estimation Methodology
Figure 4 Market Size Estimation: Approach 1 (Revenue-Based Estimation), 2019
Figure 5 Market Size Estimation: Approach 2 (Services Market), 2019
Figure 6 Cannabis Testing Market Size Estimation (Supply-Side Analysis), 2019
2.3.1 Insights From Primary Experts
Figure 7 Market Size Validation From Primary Sources
2.4 Market Growth Rate Projections
Figure 8 Cannabis Testing Market (Supply Side): Cagr Projections
2.5 Research Assumptions
2.6 Risk Analysis

3 Executive Summary
Figure 9 Cannabis Testing Market Share, By Type, 2019
Figure 10 Cannabis Testing Market Share, By Service, 2019
Figure 11 Geographical Snapshot Of The Cannabis Testing Market

4 Premium Insights
4.1 Cannabis Testing Market Overview
Figure 12 Increasing Use Of Medical Cannabis For Disease Treatment Is A Key Factor Driving Market Growth
4.2 North America: Cannabis Testing Market Share, By Type & Country (2019)
Figure 13 Services Accounted For The Largest Share Of The North American Cannabis Testing Market In 2019
4.3 Cannabis Testing Market Share, By Product & Software (2019)
Figure 14 Products Accounted For The Larger Market Share In 2019
4.4 Cannabis Testing Market: Geographic Growth Opportunities
Figure 15 North America To Register The Highest Growth In The Cannabis Testing Market From 2020 To 2025

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Cannabis Testing Market: Drivers, Restraints, Opportunities, And Challenges
Table 1 Cannabis Testing Market: Impact Analysis
5.2.1 Drivers
5.2.1.1 Legalization Of Medical Cannabis Coupled With The Growing Number Of Cannabis Testing Laboratories
5.2.1.2 Growing Adoption Of Lims In Cannabis Testing Laboratories
5.2.1.3 Increasing Awareness
Table 2 Recent Conferences, Symposia, And Workshops
5.2.2 Restraints
5.2.2.1 Lack Of Uniform Rules And Regulations
5.2.3 Opportunities
5.2.3.1 Emerging Markets In Latam And The Mea
5.2.3.2 Mergers & Acquisitions
5.2.4 Challenges
5.2.4.1 Dearth Of Trained Laboratory Professionals
5.2.4.2 High Startup Costs For Cannabis Testing Laboratories

6 Industry Insights

and more...

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