The Global Cannabis Testing Market Report contains all Analytical and Statistical brief about Market Overview, Growth, Demand and Forecast Research. This Cannabis Testing Industry report offers some penetrating overview and solution in the complex world of Cannabis Testing Industry.
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The Global Cannabis Testing Market report provides key statistics on the market status of the Cannabis Testing manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
Cannabis is a psychoactive drug which is mainly used for medicinal and recreational purposes. The Global Cannabis Testing market, is expected to rise at a CAGR of 11.40% over the forecast period of 2017-2025.
The market is mainly being driven by an increase in the number of testing facilities acquired as a strategic initiative by other cannabis oriented industries.
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The other drivers include the fact that marijuana is increasingly being recognized by the medical fraternity as being beneficial for medical and therapeutic uses. factors like increasing legalization on the usage of cannabis for medicine and research and a growing awareness about the benefits of cannabis aided by a strong community support are propelling the market growth.
The global cannabis testing market is segmented into four parts. Firstly, by testing type, which includes heavy metal cannabis testing, terpene profiling cannabis testing, microbial analysis cannabis testing, residual solvent screening cannabis testing, genetic cannabis testing, potency cannabis testing and pesticide screening cannabis testing.
The second segment includes product and software. The third segment is based on cannabis type such as inhaling cannabis, solid edible, liquid edible and topical.
The fourth segment is based on the end-users and includes research institutes and laboratories.
The global cannabis testing market has been geographically divided into North America, Europe, Asia-Pacific and the rest of the world. Of these, the highest market share was held by the North American market in the year 2016.
Around 25 states in the US have approved the use of cannabis for medical treatment. the presence of major market players in the US and Canada is likely to help progress the market further.
Product launch is the key strategy applied by the companies within the cannabis testing market in order to expand their market share. The other strategy includes mergers and acquisitions that help in expanding their product portfolio, acquire patents from target companies and encompass newer markets.
The major players in the global market include Accelerated Technology Laboratories Inc, Agilent Technologies Inc, Eli Lilly, Perkinelmer Inc, Digipath Inc, Cmt Laboratories Inc, Steep Hill Halent Laboratories Inc, Pharmlabs Llc, Restek Corporation, Sc Laboratories Inc, Thermo Fisher Scientific Inc, Sigma-Aldrich (Acquired By Merck Group), Shimadzu Corporation, Waters Corporation, Millipore Sigma, Ab Sciex Llc, Cannasafe Analytics, Lablynx, Inc and Gentech Scientific.
Table of Contents:
- Research Scope
1.1. Study Goals
1.2. Scope of Market Study
1.3. Who Will Find This Report Useful?
1.4. Study and Forecasting Years
- Research Methodology
2.1. Sources of Data
2.2. Top Down Approach
2.3. Bottom Up Approach
2.4. Data Triangulation
- Executive Summary
3.1. Key Findings
3.1.1. Steady Growth in Legalization of Cannabis for Medical Use
3.1.2. North America Is the Largest Cannabis Testing Market
3.1.3. Funding from Public and Private Institutions in The Cannabis Industry Is An Important Opportunity
- Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Market Challenges
- Market Segmentation
5.1. Global Cannabis Testing Market by Type
5.2. Global Cannabis Testing Market by Product & Software
5.3. Global Cannabis Testing Market by Cannabis Type
- Key Analytics
6.1. Porters 5 Force Model
6.2. Key Buying Criteria
6.3. Industry Components
6.4. Legal, Policy and Regulatory Issues
- Geographical Analysis
7.1. North America
- Competitive Landscape
8.1. Key Strategies and Analysis
8.2. Market Share Analysis
8.3. Key Company Analysis
8.4. Strategic Recommendation
- Company Profiles
9.1. Accelerated Technology Laboratories, Inc.
9.2. Agilent Technologies Inc.
9.3. Eli Lilly
9.4. Perkin Elmer, Inc. and more…
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List of Tables
Table 1 Global Cannabis Testing Market by Region 2017 -2025 ($ Million)
Table 2 Estimated Number of Cannabis Business in USA in 2016
Table 3 Global Cannabis Testing Market By Type 2017-2025 ($ Million)
Table 4 Global Terpene Profiling Cannabis Testing Market By Geography 2017-2025 ($ Million)
Table 5 Global Heavy Metal Cannabis Testing Market 2017-2025 ($ Million) and more…
List of Figures
Figure 1 Global Cannabis Testing Market Share by Geography 2016-2025 (%)
Figure 2 North America Cannabis Testing Market 2017-2025 ($ Million)
Figure 3 Global Laboratories Cannabis Testing Market 2017-2024 ($ Million)
Figure 4 Global Potency Testing Market 2017-2025 ($ Million)
Figure 5 Cannabis Testing Market Timeline and more…
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