Cannabis Testing Market Size, Research Report 2020 | Includes Key Companies to Watch, Key Developments, and SWOT Analysis
Global “Cannabis Testing Market” report brings together multiple data sources to provide a comprehensive overview of the leading manufacturers, countries, revenue, consumption, suppliers, production, sales, opportunities, market risk, market driving force.
Global Cannabis Testing Market Covers the Following Leading Manufacturers:
- Agilent Technologies
- Shimadzu Corporation
- PerkinElmer
- Millipore Sigma
- AB SCIEX LLC
- Waters Corporation
- Restek Corporation
- Accelerated Technology Laboratories
- LabLynx
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Know About Cannabis Testing Market:
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 2018, 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% between 2019 and 2025.
Medical Care Market by Applications:
- Laboratories
- Research Institutions
- Others
Medical Care Market by Types:
- Terpene Profiling Testing
- Heavy Metal Testing
- Microbial Analysis Testing
- Genetic Testing
- Residual Solvent Screening Testing
- Potency Testing
- Pesticide Screening Testing
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Detailed TOC of Global Cannabis Testing Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application
1 Cannabis Testing Market Overview
1.1 Cannabis Testing Product Overview
1.2 Cannabis Testing Market Segment by Type
1.3 Global Cannabis Testing Market Size by Type
1.3.1 Global Cannabis Testing Sales and Growth by Type
1.3.2 Global Cannabis Testing Sales and Market Share by Type
1.3.3 Global Cannabis Testing Revenue and Market Share by Type
1.3.4 Global Cannabis Testing Price by Type
2 Global Cannabis Testing Market Competition by Company
2.1 Global Cannabis Testing Sales and Market Share by Company
2.2 Global Cannabis Testing Revenue and Share by Company
2.3 Global Cannabis Testing Price by Company
2.4 Global Top Players Cannabis Testing Manufacturing Base Distribution, Sales Area, Product Types
2.5 Cannabis Testing Market Competitive Situation and Trends
2.5.1 Cannabis Testing Market Concentration Rate
2.5.2 Global Cannabis Testing Market Share of Top 5 and Top 10 Players
2.5.3 Mergers & Acquisitions, Expansion
3 Cannabis Testing Company Profiles and Sales Data
3.1 Company 1
3.1.1 Company Basic Information, Manufacturing Base and Competitors
3.1.2 Cannabis Testing Product Category, Application and Specification
3.1.3 Cannabis Testing Sales, Revenue, Price and Gross Margin
3.1.4 Main Business Overview
4 Cannabis Testing Market Status and Outlook by Regions
4.1 Global Market Status and Outlook by Regions
4.1.1 Global Cannabis Testing Market Size and CAGR by Regions
4.1.2 North America
4.1.3 Asia-Pacific
4.1.4 Europe
4.1.5 South America
4.1.6 Middle East and Africa
4.2 Global Cannabis Testing Sales and Revenue by Regions
4.2.1 Global Cannabis Testing Sales and Market Share by Regions
4.2.2 Global Cannabis Testing Revenue and Market Share by Regions
4.2.3 Global Cannabis Testing Sales, Revenue, Price and Gross Margin
5 Cannabis Testing Application/End Users
5.1 Cannabis Testing Segment by Application
5.2 Global Cannabis Testing Product Segment by Application
5.2.1 Global Cannabis Testing Sales by Application
5.2.2 Global Cannabis Testing Sales and Market Share by Application
6 Cannabis Testing Upstream Raw Materials
6.1 Cannabis Testing Key Raw Materials
6.1.1 Key Raw Materials
6.1.2 Key Raw Materials Price
6.1.3 Raw Materials Key Suppliers
6.2 Manufacturing Cost Structure
6.2.1 Raw Materials
6.2.2 Labor Cost
6.2.3 Manufacturing Expenses
6.3 Cannabis Testing Industrial Chain Analysis
7 Marketing Strategy Analysis, Distributors
7.1 Marketing Channel
7.1.1 Direct Marketing
7.1.2 Indirect Marketing
7.1.3 Marketing Channel Development Trend
7.2 Distributors
7.3 Downstream Customers
8 Research Findings and Conclusion
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