Cannabis Testing Market Size 2021 Growing Rapidly with Modern Trends, Development Strategy, Business Prospect, Market Share, Growth Rate, Revenue, and Forecast to 2025

The global cannabis testing market accounted to 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 to US$ 2,486.7 Mn by 2025.

Cannabis testing is used in variety of applications that includes determining the concentration of cannabis in various analytical samples such as pharmaceutical drugs, and detection of contaminants such as bacteria and fungi. Further, it is also performed for determination of trace metals such as arsenic and cadmium that can adversely impact health if remained unchecked. These tests are performed with various analytical techniques, such as chromatography analysis, spectrometry, ELISA, and polymerase chain reaction (PCR).

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The cannabis testing market is segmented based on product, type, end user, portability, and region. The market, based on region, is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. The report offers insights and in-depth analysis of the cannabis testing market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes the impact of the COVID–19 pandemic on the market across all the regions. The impact of the pandemic and decreasing global research activities have also harmed the operations and financial execution of several companies in the market. The number of cannabis tests conducted in the laboratories decreased due to the shutting down of academic & research institutes and testing laboratories. For instance, according to a report issued by MJBizDaily in March 2020, most federally managed cannabis labs in Canada help COVID-19 testing, consequently impacting the number of cannabis tests performed in the labs. In addition, the cannabis market lost some revenue due to shop closures, testing laboratories closings, interrupted supply chains, global economic slowdown, and limited movement.

Company Profiles
Agilent Technologies
PerkinElmer, Inc.
Shimadzu Corporation
SCIEX
Merck KGaA
Restek Corporation
Waters
CannaSafe Analytics
Accelerated Technology Laboratories, Inc.
Digipath Labs.

What’s included
Market Dynamics
Competitive Analysis
Market Trends And Market Outlook
Market Share And Market Size
Opportunities And Customer Analysis
Product Pricing Research

Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.

The global Cannabis Testing market is segmented on the basis of component, application, end user and geography. The component segment includes, system and software, services and medical device. Based on application, the Cannabis Testing market is segmented as, Cannabis Testing and others. Based on end user, the market is segmented as, hospitals and clinics, clinical research organization, research and diagnostic laboratories and others.

The COVID-19 outbreak is currently going the world over, the Cannabis Testing Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Cannabis Testing market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).

The report offers key drivers that propel the growth in the global Cannabis Testing market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

This report focuses on the global Cannabis Testing market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Cannabis Testing market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

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