The global cannabis testing market is anticipated to grow at a considerable CAGR of around 4.9% during the forecast period (2024-2031). Cannabis has proven effective in various medical applications such as reducing nausea caused due to chemotherapy, stimulating appetite in AIDS patients, controlling muscular spasms in multiple sclerosis patients among others. Due to their health benefits, governments in various countries are legalizing the use of medical cannabis. Several regulatory bodies havestarted to place overall restrictions on residual solvents, bug sprays, contaminants, heavy metals, and mycotoxins for plant testing due to this being replaced by cannabis.
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Many government departments are conducting laboratory studies oncannabis products needed to support the growth of the industry. In December 2021, Germany legalized cannabis at the annual Hemp Parade (Hanfparade) in Berlin. Germany is the largest nation in the globe to legalize cannabis after Uruguay, Canada, Malta, and 18 states in the United States. In December 2021, Maltais the first county in Europe to legalize the recreational use of cannabis in this Whereas, in Malta public consumption of cannabis, remain illegal and punishable with a $267.76fine, also no one can consume drugs in front of children if done then it will also carry a penalty between $341.88and $569.80. Moreover, as cannabis are legalized globally, and the demand for analytical testing of cannabis is ensuring its safety before human consumption has also risen.
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Market Coverage
- Segment Covered-
o By-Products
o By Test Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Agilent Technologies, Inc., CannaSafe, Merck KGaA, PerkinElmer Inc., Restek Corp., SC Laboratories Inc., Shimadzu Corp, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cannabis Testing Market Report Segment
By-Products
- Instrument
- Consumables
- Software
By Test Type
- Potency Testing
- Terpene Profiling
- Heavy Metal Testing
- Pesticide Screening
- Microscopy Testing
- Residual Solvent Screening
- Others
By End-User
- Laboratories
- Cannabis Cultivators/Growers
- Cannabis Drug Manufacturers
- Others
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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
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