0
2021
Cannabis Testing Market

Cannabis Testing Market

by Product (Instruments, Consumables, and Software), Test Type (Heavy Metal Testing, Microbial Analysis, Potency Testing, Residual Screening, and Others), and End User (Cannabis Cultivators/Growers, Cannabis Drug Manufacturers, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2027
Update Available On-Demand

Report Code: A10899
Pages: 220
Apr 2021 | 3225 Views
Author(s) : Sayali S, Smita N , Onkar S
Tables: 103
Charts: 60
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Cannabis Testing Market

Request Now !

Cannabis Testing Market Overview:

The global cannabis testing market was valued at $1,029 million in 2019, and is projected to reach $2,445 million by 2027, registering a CAGR of 11.9%.

Cannabis testing refers to the analysis that an individual sample of cannabis may be examined to determine THC, CBD, and terpene levels as well as for contaminants and impurities such as residual solvents, mold, disease, pests or pesticide residue. Each individual state and municipality can impose its own standards and regulations for what needs to be tested and printed on cannabis labels. Furthermore, individual growers may opt for more stringent standards and go as far as to have their samples tested for CBC and CBG levels. This testing can be performed only by certified chemists and lab technicians. Previously, both cultivation and sales of cannabis were ban across the globe for several years. Now, many countries are recognizing the benefits of cannabis for medicinal purposes and rescinding their ban.

Cannabis-Testing-Market,-2020-2027

The sudden outbreak of the COVID-19 pandemic has a positive and a negative impact on the pharmaceutical and life sciences industry. Certain market segments have been more severely affected due to the low demand for instruments, consumables, and reagents as well as due to supply chain disruptions and trade restrictions. Overall, labs across the globe were shut down or running at a reduced capacity. The labs, which were fully or partially open were working majorly on COVID-19 testing instead of carrying out usual operations. The medical cannabis market lost some revenue due to factors such as testing laboratories closures, disrupted supply chains, general economic slowdown, and restricted movement. In addition, numerous market players providing products and software to the cannabis testing industry witnessed a decline in the sales of instruments and consumables due to the shutdown of labs, declining number of cannabis tests performed, and certain restrictions on the import and export of cannabis testing products. These factors have led to a decline in the sales of consumables & instruments used in the cannabis testing industry, thereby hampering the growth of the cannabis testing market. This was majorly due to the decline in the purchase of the products, subsequently impacting the growth of the products & consumables segment of the cannabis testing industry. 

Surge in demand for cannabis legalization in several countries for medical purposes and increase in adoption of LIMS in cannabis testing laboratories are the key factors driving the growth of the cannabis testing market. Furthermore, collaborations between major companies are also expected to boost the market growth. However, high startup cost for cannabis testing laboratories constitute is expected to restrain the growth of the market. These laboratories have to make significant investments in procuring and maintaining high-priced, advanced analytical equipment. Conversely, emerging economies across developing regions, such as LATAM and Asia-Pacific, are expected to provide new opportunities for cannabis testing market players in future.

Cannabis Testing Market
By Product

Your browser does not support the canvas element.

Consumables is projected as one of the most lucrative segment.

Get more information on this report : Request Sample Pages

The global cannabis testing market is segmented on the basis of product, test type, end user, and region. On the basis of product, the cannabis testing services market is classified into instruments, consumables, and software. Instruments segment is further classified into chromatography instruments and spectroscopy instruments. Furthermore, chromatography instruments segment is subdivided into liquid chromatography and gas chromatography. Spectroscopy instruments segment is bifurcated into mass spectrometry instruments and atomic spectroscopy instruments. By test type, it is categorized into heavy metal testing, microbial analysis, potency testing, residual screening, and others. By end user, it is divided into cannabis cultivators/growers, cannabis drug manufacturers, and others.

Segmental review

By products, the instruments segment is anticipated to grow with the fastest rate over the forecast period. This is attributed to increasing investments by the major players in the development of technologically advanced instruments. This is a major factor, which fuels the growth of this segment. On the other side, the consumables segment is the largest contributing segment in the global cannabis testing market, owing to frequent use of consumables for cannabis testing.

Cannabis Testing Market
By Test Type

Your browser does not support the canvas element.

Potency Testing holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

North America accounted for the largest share of revenue in 2019, and is anticipated to maintain its dominance from 2020 to 2027, owing to legalization of cannabis (especially in the U.S.) and the growing ease of availability of instruments, software, and services for cannabis testing. However, LAMEA is expected to grow at the highest CAGR, owing to increasing number of cannabis cultivators, testing laboratories, and legalization of cannabis for medical use. 

Some of the key players operating in the cannabis testing market include Agilent Technologies Inc., Danaher Corporation, Merck KGAA, PerkinElmer, Restek Corporation, SC Laboratories, Shimadzu Corporation, Steep Hill, Thermo Fisher Scientific, and Waters Corporation.

Cannabis Testing Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

LAMEA region would exhibit the highest CAGR of 11.9% during 2020-2027.

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • This report entails a detailed quantitative analysis along with the current global cannabis testing market trends from 2020 to 2027 to identify the prevailing opportunities along with the strategic assessment.
  • The cannabis testing market forecast is studied from 2020 to 2027.
  • The cannabis testing market size and estimations are based on a comprehensive analysis of key developments in the industry.
  • A qualitative analysis based on innovative products facilitates strategic business planning.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the global cannabis testing market.
  • Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global cannabis testing market.

Key Market Segments

By Product

  • Instruments
    • Chromatography instruments        
      • Liquid chromatography    
      • Gas chromatography    
    • Spectroscopy instruments        
      • Mass spectrometry instruments    
      • Atomic spectroscopy instruments    
  • Consumables
  • Software

By Test Type

  • Heavy metal testing
  • Microbial analysis
  • Potency testing
  • Residual screening
  • Others
  • End User
  • Cannabis cultivators/growers
  • Cannabis drug manufacturers
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • Japan
    • China
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East and Africa
 

Loading Table Of Content...


 
 

Cannabis legalization in several countries for medical purposes and increase in adoption of Laboratory Information Management Systems (LIMS) in cannabis testing laboratories are the key factors driving the growth of the cannabis testing market. Furthermore, collaborations between major companies are also expected to boost the market growth. 

North America accounted for the highest market share in 2019 due to the established biopharmaceutical industry and the presence of major players operating in the cannabis testing market in North America, followed by Europe and Asia-Pacific. LAMEA is expected to exhibit the fastest market growth due to the growing biopharmaceutical industry, increasing life science research, rising investments by pharmaceutical and biotechnology companies, and growing number of cannabis testing laboratories in the region coupled with the legalization of cannabis for medical use. These factors are anticipated to drive the market growth.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. No, there is no value chain analysis provided in the cannabis testing market report

A. Yes, cannabis testing companies are profiled in the report.

A. Top companies such as,Thermo Fisher Scientific, Danaher Corporation, Merck KGAA and Aglient Technologies.

A. The market value of cannabis testing market in 2020 is $1,114.8 million.

A. The total market value of cannabis testing market is $1029.7million in 2019.

A. The major factor that fuels the growth of the Digital PCR Market owing to growing demand for cannabis legalization in several countries for medical purpose, increase in adoption of LIMS in cannabis testing, 3.5.1.3. Collaborations between major companieslaboratories

A. The forcast period for cannabis testing market is 2020 to 2027

A. The base year is 2020 in Digital PCR Market

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Cannabis Testing Market

Start reading instantly.
This Report and over 19,272+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,712
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Data Pack
  • $4,125
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Five Users
  • $6,929
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Enterprise
    License/PDF

  • $10,663
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers