The Cannabis Testing Market was valued at USD 950.9 million in 2020, and it is expected to reach USD 1,801.51 million by 2027, registering a CAGR of 11% during the forecast period, 2021-2027.
Cannabis testing involves the use of multiple medical devices to detect the quality of cannabis. This will help identify the application of cannabis for several medical purposes. Previously, the cultivation and sale of cannabis was banned worldwide until 1900. Now, many countries are recognizing the benefits of medicinal cannabis and are lifting the ban. This is expected to drive the global cannabis testing market during the forecast period.
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Market Segments
By Type
- Products
- Software
By Services
- Potency Testing
- Terpene Profiling
- Pesticide Screening
- Residual Solvent Screening
- Heavy Metal Testing
- Microbial Analysis
By End-User
- Testing Laboratories
- Drug Manufacturers
- Research Institutes
Key Players
The major market players operating in the cannabis testing market are Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), MERCK KGAA (Germany), Thermo Fisher Scientific (US), DigiPath, Inc. (US), Steep Hill Inc. (US), SC Laboratories, Inc. (US), and PharmLabs LLC (US)..
Scope of the Report
The research study analyzes the global Cannabis Testing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Cannabis Testing Market Report
1. What was the Cannabis Testing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Cannabis Testing Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Cannabis Testing Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Cannabis Testing market.
- The market share of the global Cannabis Testing market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Cannabis Testing market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Cannabis Testing market.
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