The global cannabis testing market was valued at USD 1010.4 million in 2021 and projected to reach USD 2500.2 million by 2030, growing at a CAGR of 12.8% during the forecast period, 2022-2030.
The major factors are the legalization of cannabis for medical use across various countries. Additionally, the increasing number of cannabis testing laboratories and growing awareness regarding medical cannabis will spur the global cannabis testing industry in the future periods.
Major market player included in this report are:
Thermo Fisher Scientific
DigiPath Inc
Steep Hill Inc.
SC Laboratories Inc
PharmLabs LLC
Shimadzu Scientific Instruments
Merck KGaA
Restek Corporation
PerkinElmer Inc
Waters Corporation
Hamilton Company
CanMedLabs
Agilent Technologies Inc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product & Software
Analytical Instruments
Spectroscopy Instruments
Consumables
Software
Services
By Testing Procedures
Potency Testing
Terpene Profiling
Residual Solvent Analysis
Microbial Analysis
Pesticide Screening
Heavy Metal Testing
Other Services
By End-User
Testing Laboratories
Research Institutes
Drug Manufacturers & Dispensaries
Cannabis Cultivators/Growers
By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rusia
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
Furthermore, years considered for the study are as follows:
Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.
Target Audience of the Global Cannabis Testing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors