Press release
Global Can*nabis Testing Market: Rapid Growth, Key Driving Factors, and Future Trends
Can*nabis Testing Market
The global Can*nabis testing market is experiencing remarkable expansion. Key statistics include:
• Market size in 2024: $3.02 billion
• Projected market size in 2025: $3.57 billion (18.0% CAGR)
• Predicted market size in 2029: $7.36 billion (19.9% CAGR)
The growth can be ascribed to the globalization of the Can*nabis market, safety concerns of consumers, compliance with regulations, and assurance of product quality.
What Is Driving The Growth In The Can*nabis Testing Market?
The Can*nabis testing market is seeing significant growth due to the rising use of Can*nabis as a medicinal product. Medicinal use of Can*nabis ranges from tension relief and muscle problem alleviation to the reduction of nausea and vomiting after chemotherapy. The therapeutic use of Can*nabis, therefore, accounts for a big part of the escalating growth of the Can*nabis testing market.
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Who Are the Key Players Driving Can*nabis Testing Market Growth?
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Merck KGaA
• SGS Canada Inc.
• Eurofins Scientific SE
• Agilent Technologies Inc.
• Sartorius AG
• PerkinElmer Inc.
• Shimadzu Corporation
• Waters Corporation
• LGC Limited
What Are The Key Trends In The Can*nabis Testing Market?
Key trends in the Can*nabis testing market encompass:
• Technological advancements
• Quality control in cultivation
• Microbial testing
• Can*nabinoid profiling
• Testing for pesticides and residues
What Are The Segments Of The Global Can*nabis Testing Market?
The global Can*nabis testing market is segmented by:
• Test Type: Potency Testing, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Terpene Testing, Mycotoxin Testing
• Technology: Chromatography, Spectroscopy
• Portability: Standalone, Hand Held Devices
• End User: Testing Laboratories, Drug Manufacturers, Research Institutes
Which Region Leads The Can*nabis Testing Market?
North America bagged the top spot in the Can*nabis testing market in 2024. However, Asia-Pacific is expected to register the fastest growth in the coming years. Other regions covered in the market report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Can*nabis Testing Market Global Market Report?
• Market Size Analysis: Analyze the Can*nabis Testing Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Can*nabis Testing Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Can*nabis Testing Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Can*nabis Testing Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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