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Global Cannabis Testing Market (2020 to 2025) - Legalization of Medical Cannabis Coupled with the Growing Number of Cannabis Testing Laboratories is Driving Growth

Research and Markets
·8-min read

Dublin, Feb. 03, 2021 (GLOBE NEWSWIRE) -- The "Cannabis Testing Market by Products & Software's (Instruments, Consumables, LIMS), Services (Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening), End-User (Cultivators, Laboratories, Research Institutes) -Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global cannabis testing market is expected to reach USD 1,806 million by 2025 from USD 962 million in 2020, at a CAGR of 13.4% during the forecast period.

The growth in this market is mainly driven by factors such as the legalization of medical cannabis and the growing number of cannabis testing laboratories (specifically in the US), the growing adoption of LIMS in cannabis testing laboratories, and increasing awareness. A lack of uniformity in rules and regulations, high costs, and inadequate personnel are major factors expected to hamper the market growth.

Potency testing services is likely to dominate the services segment during the forecast period.'

The cannabis testing services market is poised to grow at a CAGR of 13.7% during the forecast period. The high growth of this market is owing to the growing legalization of medical marijuana (especially in the US). In addition, funding initiatives for cannabis testing laboratories and the growing number of cannabis testing laboratories are contributing to the growth of the cannabis testing services market. However, variations in cannabis testing methods and the lack of testing regulations are likely to limit the growth of the market to a certain extent.

By product & software, the product segment accounted for the largest share of the cannabis testing market

The cannabis testing market is segmented into products and software. The product segment is expected to register the highest CAGR of 13.4% during the forecast period. The high growth of this segment can be attributed to the growing requirements for potency labeling and pesticide screening, which drive the demand for analytical instruments, introduce technologically advanced products, and increase the recurring demand for consumables.

North America: The fastest-growing region in the cannabis testing market.

North America is expected to command the largest market share of 71.2% in 2020. This market is also projected to register the highest CAGR of 13.8% during the forecast period. Factors such as the legalization of cannabis (especially in the US) and the growing availability of products, software, and services for the cannabis testing industry are driving the growth of the North American cannabis testing market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Cannabis Testing Market Overview
4.2 North America: Cannabis Testing Market Share, by Type & Country (2019)
4.3 Cannabis Testing Market Share, by Product & Software (2019)
4.4 Cannabis Testing Market: Geographic Growth Opportunities

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Legalization of Medical Cannabis Coupled with the Growing Number of Cannabis Testing Laboratories
5.2.1.2 Growing Adoption of Lims in Cannabis Testing Laboratories
5.2.1.3 Increasing Awareness
5.2.2 Restraints
5.2.2.1 Lack of Uniform Rules and Regulations
5.2.3 Opportunities
5.2.3.1 Emerging Markets in Latam and the Mea
5.2.3.2 Mergers & Acquisitions
5.2.4 Challenges
5.2.4.1 Dearth of Trained Laboratory Professionals
5.2.4.2 High Startup Costs for Cannabis Testing Laboratories

6 Industry Insights
6.1 Introduction
6.2 Key Industry Trends
6.2.1 Focus on the Use of Cannabis for Medical Treatment
6.2.2 Growth in Funding for Cannabis Testing Laboratories
6.3 Regulatory Overview
6.3.1 North America
6.3.1.1 US
6.3.1.2 Canada
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Latam & Mea
6.4 Pricing Analysis
6.5 Strategic Collaborations and Partnerships in the Cannabis Testing Market
6.6 Impact of the COVID-19 on the Cannabis Testing Market
6.7 Supply Chain Analysis
6.8 Technology Analysis

7 Cannabis Testing Market, by Product & Software
7.1 Introduction
7.2 Products
7.2.1 Analytical Instruments
7.2.1.1 Chromatography Instruments
7.2.1.1.1 Liquid Chromatography
7.2.1.1.1.1 this Technique Does Not Have the Limitations of Sample Volatility and Thermal Stability, Thereby Having Wider Applications
7.2.1.1.2 Gas Chromatography
7.2.1.1.2.1 the Increasing Adoption of Gas Chromatography for the Separation of Volatile Organic Compounds Drives Segment Growth
7.2.1.1.3 Other Chromatography Instruments
7.2.1.1.3.1 the Adoption of Other Chromatography Instruments Over Standard Tools in Emerging Nations Drives Segment Growth
7.2.1.2 Spectroscopy Instruments
7.2.1.2.1 Mass Spectrometry Instruments
7.2.1.2.1.1 Prominent Players in this Market Are Focusing on Launching New Products to Enhance Their Offerings in this Segment
7.2.1.2.2 Atomic Spectroscopy Instruments
7.2.1.2.2.1 the Increasing Applications of Atomic Spectroscopy in Cannabis Testing is Likely to Drive the Segmental Growth
7.2.1.3 Other Analytical Instruments
7.2.2 Consumables
7.2.2.1 Chromatography Columns
7.2.2.2 Standards and CRMs
7.2.2.3 Sample Preparation Products
7.2.2.4 Supplies and Accessories
7.3 Cannabis Testing Software
7.3.1 the Rising Adoption of Lims by Cannabis Testing Laboratories is Expected to Drive the Growth of the Software Segment

8 Cannabis Testing Market, by Service
8.1 Introduction
8.2 Potency Testing
8.2.1 the Increasing Focus on the Legalization of Medical Cannabis is Expected to Drive the Growth of this Service Segment
8.3 Terpene Profiling
8.3.1 the Increasing Use of Cannabis in Homeopathy Medicine is Likely to Propel the Growth of this Segment
8.4 Residual Solvent Analysis
8.4.1 the Growing Focus of Pharma Companies for the Use of Medical Cannabis in Disease Treatment Drives Segment Growth
8.5 Microbial Analysis
8.5.1 the Presence of Pathogenic Bacteria in Cannabis Plants is a Major Factor Expected to Drive the Growth of the Microbial Analysis Segment
8.6 Pesticide Screening
8.6.1 the Rising Requirement to Ensure That Medical Cannabis is Pesticide-Free Drives the Growth of Pesticide Screening Services
8.7 Heavy Metal Testing
8.7.1 the Introduction of Novel Instruments for Heavy Metal Testing is Likely to Drive Segmental Growth
8.8 Other Services

9 Cannabis Testing Market, by End-user
9.1 Introduction
9.2 Product & Software
9.2.1 Cannabis Testing Laboratories
9.2.1.1 Small-Scale Laboratories
9.2.1.1.1 the Increasing Number of Small-Scale Laboratories in Developing Markets Drives Growth
9.2.1.2 Medium-Scale Laboratories
9.2.1.2.1 Strong Government Support for Cannabis Legalization and the Growing Need for Analytical Testing to Drive Segment Growth
9.2.1.3 Large-Scale Laboratories
9.2.1.3.1 Large-Scale Laboratories Have the Largest Volume of Test Samples; Key Factor Driving Segment Growth
9.2.2 Research Institutes
9.2.2.1 the Growing Use of Cannabis for Medical Purposes Has Stimulated the Pace of R&D
9.3 Services
9.3.1 Cannabis Drug Manufacturers & Dispensaries
9.3.1.1 the Growth of this Segment is Mainly Driven by Regulatory Guidelines Mandating Cannabis Testing
9.3.2 Cannabis Cultivators/Growers
9.3.2.1 the Rising Awareness for Cannabis Testing Among Cultivators is Expected to Drive the Growth of this Segment

10 Cannabis Testing Market, by Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Latin America
10.6 Middle East and Africa

11 Competitive Landscape
11.1 Overview
11.2 Right-To-Win Approaches Adopted by Key Market Players
11.3 Market Share Analysis
11.3.1 Cannabis Testing Market Share Analysis (Service Providers), by Key Player, 2019
11.4 Key Market Developments
11.4.1 Key Product Launches
11.4.2 Key Mergers & Acquisitions
11.4.3 Key Partnerships, Agreements, and Collaborations
11.4.4 Expansions
11.5 Cannabis Testing Market: Company Evaluation Matrix, 2019
11.5.1 Stars
11.5.2 Emerging Leaders
11.5.3 Pervasive Players
11.5.4 Participants

12 Company Profiles
12.1 Agilent Technologies
12.2 Shimadzu Corporation
12.3 Thermo Fisher Scientific
12.4 Merck Kgaa
12.5 Restek Corporation
12.6 Perkinelmer
12.7 Danaher Corporation
12.8 Waters Corporation
12.9 Hamilton Company
12.10 Digipath
12.11 Sgs Sa
12.12 Steep Hill
12.13 SC (Science of Cannabis) Laboratories
12.14 Pharmlabs LLC
12.15 Canmedlabs
12.16 California Cannabis Testing Labs
12.17 Proverde Laboratories
12.18 Green Leaf Lab
12.19 Kaycha Holdings LLC D/B/A Kaycha Labs
12.20 Agricor Laboratories
12.21 Accelerated Technology Laboratories
12.22 Cloudlims
12.23 Labware
12.24 Autoscribe Informatics
12.25 Lablynx Lims

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: The Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

For more information about this report visit https://www.researchandmarkets.com/r/x9tl1f

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