Press release
Cannabis Testing Market to Grow at a CAGR of more than 13% by 2028: COVID Impact & Post COVID Analysis, Business Opportunities, and Strategies
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COVID-19 scenario:
• The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
• The companies operating in the Cannabis Testing market have been negatively impacted due to the COVID-19 pandemic resulted in an decrease in the growth of the market for 2020 and 2021.
The major factor restraining the growth of the market include the start up cost of testing laboratories. The investment in maintaining the equipment, upgradation, software requirement and the requirement of skilled professional is also. The cost of equipment and software are high which the small and medium scale testing laboratories cannot afford.
North America hold the largest market share due to the well-known biopharmaceutical industry. Asia pacific market is likely to register the highest growth during the forecasted period due to the increasing biopharmaceutical industry, increasing in R&D, and the favourable government policies given to pharmaceutical industries.
IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.
The global Cannabis Testing market provides an in-depth analysis of key players which includes:
• Agilent Technologies Inc
• Danaher Corporation
• Merck KGAA
• PerkinElmer
• Restek Corporation
• SC Laboratories
• Shimadzu Corporation
• Steep Hill
• Thermo Fisher Scientific
• Waters Corporation
The global Cannabis Testing Market is segmented based on Products & Software, Services, and End-User. On the basis of product & software, the market is segmented as Instruments, Consumables, LIMS. Based on the services, the market is segmented as Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening. And based on the end user, the market is analyzed across the Cultivators, Laboratories, Research Institutes.
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Global Cannabis Testing Market Geographic Coverage:
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)
Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Cannabis Testing Market
• Value Chain Analysis of Global Cannabis Testing Market
• What is the CAGR of the global Cannabis Testing Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
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Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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