Global Cannabis Testing Market Size, Status and Forecast 2025

QandQ Market Research added Report titled Global Cannabis Testing Market Size, Status and Forecast 2025

This report studies the global Cannabis Testing market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Cannabis Testing market by companies, region, type and enduse industry.

Cannabis testing defines various drug test methods for the usage of cannabis in medical prescription, sports medicine, and law. The rapidly increasing applications of cannabis marijuana in mainstream medicine such as pain management is poised to increase demand for cannabis testing measures. 
The increasing use of cannabis for medical purposes is one of the major factors driving the global cannabis testing market. Cannabis used for medicinal purposes is referred to as medical marijuana or medical cannabis. In this case, the whole, unprocessed cannabis plant or its extracts are used to treat a variety of symptoms and conditions. Medical cannabis contains many compounds that are collectively referred to as cannabinoids. The two main compounds are tetrahydrocannabinol THC and Cannabidiol CBD. Though there are several other types of cannabinoids in cannabis strains, THC and CBD are the most abundant compounds. These compounds mainly address pain symptoms in multiple diseases.
The major drawback of this market is a lack of uniform industry standards across the globe. Regulatory standards of various countries required for cannabis testing have huge differences as these standards are set by the government organizations of the specific country. Every country also has its own standards for dosage. Also, the exposure to heavy metals such as lead is a big concern. This is the main root of the problem. Strict regulations will prove to be unfair if they sell prescribed drugs and alcohol products. Therefore, many pharmaceutical dealers have decided to obey these laws which would contain extracts which would practically obey any cannabis testing standards.
The Americas accounted for the maximum share of the cannabis testing market during 2017. Our analysts have predicted that the market will witness steady growth in this region during the next five years as well and this will attribute to the growing approval of cannabis for recreational and medical purposes. Moreover, the demand for cannabis testing products from luxury cannabis products manufacturers will also drive the market’s growth in this region.
In 2017, the global Cannabis Testing market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 20182025.

This report focuses on the global top players, covered
Agilent Technologies
Shimadzu Corporation
PerkinElmer
Millipore Sigma
AB SCIEX LLC
Waters Corporation
Restek Corporation
Accelerated Technology Laboratories
LabLynx

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India

Market segment by Type, the product can be split into
Terpene Profiling Testing
Heavy Metal Testing
Microbial Analysis Testing
Genetic Testing
Residual Solvent Screening Testing
Potency Testing
Pesticide Screening Testing

Market segment by Application, split into
Laboratories
Research Institutions
Others

The study objectives of this report are:
To study and forecast the market size of Cannabis Testing in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Cannabis Testing are as follows:
History Year: 20132017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders
Cannabis Testing Manufacturers
Cannabis Testing Distributors/Traders/Wholesalers
Cannabis Testing Subcomponent Manufacturers
Industry Association
Downstream Vendors

 

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