Mediaboss Marketing

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 Insights4.1 Cannabis Testing Market Overview4.2 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 Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Legalization of Medical Cannabis Coupled with the Growing Number of Cannabis Testing Laboratories5.2.1.2 Growing Adoption of Lims in Cannabis Testing Laboratories5.2.1.3 Increasing Awareness5.2.2 Restraints5.2.2.1 Lack of Uniform Rules and Regulations5.2.3 Opportunities5.2.3.1 Emerging Markets in Latam and the Mea5.2.3.2 Mergers & Acquisitions5.2.4 Challenges5.2.4.1 Dearth of Trained Laboratory Professionals5.2.4.2 High Startup Costs for Cannabis Testing Laboratories6 Industry Insights6.1 Introduction6.2 Key Industry Trends6.2.1 Focus on the Use of Cannabis for Medical Treatment6.2.2 Growth in Funding for Cannabis Testing Laboratories6.3 Regulatory Overview6.3.1 North America6.3.1.1 US6.3.1.2 Canada6.3.2 Europe6.3.3 Asia-Pacific6.3.4 Latam & Mea6.4 Pricing Analysis6.5 Strategic Collaborations and Partnerships in the Cannabis Testing Market6.6 Impact of the COVID-19 on the Cannabis Testing Market6.7 Supply Chain Analysis6.8 Technology Analysis7 Cannabis Testing Market, by Product & Software7.1 Introduction7.2 Products7.2.1 Analytical Instruments7.2.1.1 Chromatography Instruments7.2.1.1.1 Liquid Chromatography7.2.1.1.1.1 this Technique Does Not Have the Limitations of Sample Volatility and Thermal Stability, Thereby Having Wider Applications7.2.1.1.2 Gas Chromatography7.2.1.1.2.1 the Increasing Adoption of Gas Chromatography for the Separation of Volatile Organic Compounds Drives Segment Growth7.2.1.1.3 Other Chromatography Instruments7.2.1.1.3.1 the Adoption of Other Chromatography Instruments Over Standard Tools in Emerging Nations Drives Segment Growth7.2.1.2 Spectroscopy Instruments7.2.1.2.1 Mass Spectrometry Instruments7.2.1.2.1.1 Prominent Players in this Market Are Focusing on Launching New Products to Enhance Their Offerings in this Segment7.2.1.2.2 Atomic Spectroscopy Instruments7.2.1.2.2.1 the Increasing Applications of Atomic Spectroscopy in Cannabis Testing is Likely to Drive the Segmental Growth7.2.1.3 Other Analytical Instruments7.2.2 Consumables7.2.2.1 Chromatography Columns7.2.2.2 Standards and CRMs7.2.2.3 Sample Preparation Products7.2.2.4 Supplies and Accessories7.3 Cannabis Testing Software7.3.1 the Rising Adoption of Lims by Cannabis Testing Laboratories is Expected to Drive the Growth of the Software Segment8 Cannabis Testing Market, by Service8.1 Introduction8.2 Potency Testing8.2.1 the Increasing Focus on the Legalization of Medical Cannabis is Expected to Drive the Growth of this Service Segment8.3 Terpene Profiling8.3.1 the Increasing Use of Cannabis in Homeopathy Medicine is Likely to Propel the Growth of this Segment8.4 Residual Solvent Analysis8.4.1 the Growing Focus of Pharma Companies for the Use of Medical Cannabis in Disease Treatment Drives Segment Growth8.5 Microbial Analysis8.5.1 the Presence of Pathogenic Bacteria in Cannabis Plants is a Major Factor Expected to Drive the Growth of the Microbial Analysis Segment8.6 Pesticide Screening8.6.1 the Rising Requirement to Ensure That Medical Cannabis is Pesticide-Free Drives the Growth of Pesticide Screening Services8.7 Heavy Metal Testing8.7.1 the Introduction of Novel Instruments for Heavy Metal Testing is Likely to Drive Segmental Growth8.8 Other Services9 Cannabis Testing Market, by End-user9.1 Introduction9.2 Product & Software9.2.1 Cannabis Testing Laboratories9.2.1.1 Small-Scale Laboratories9.2.1.1.1 the Increasing Number of Small-Scale Laboratories in Developing Markets Drives Growth9.2.1.2 Medium-Scale Laboratories9.2.1.2.1 Strong Government Support for Cannabis Legalization and the Growing Need for Analytical Testing to Drive Segment Growth9.2.1.3 Large-Scale Laboratories9.2.1.3.1 Large-Scale Laboratories Have the Largest Volume of Test Samples; Key Factor Driving Segment Growth9.2.2 Research Institutes9.2.2.1 the Growing Use of Cannabis for Medical Purposes Has Stimulated the Pace of R&D9.3 Services9.3.1 Cannabis Drug Manufacturers & Dispensaries9.3.1.1 the Growth of this Segment is Mainly Driven by Regulatory Guidelines Mandating Cannabis Testing9.3.2 Cannabis Cultivators/Growers9.3.2.1 the Rising Awareness for Cannabis Testing Among Cultivators is Expected to Drive the Growth of this Segment

10 Cannabis Testing Market, by Region10.1 Introduction10.2 North America10.3 Europe10.4 Asia-Pacific10.5 Latin America10.6 Middle East and Africa

11 Competitive Landscape11.1 Overview11.2 Right-To-Win Approaches Adopted by Key Market Players11.3 Market Share Analysis11.3.1 Cannabis Testing Market Share Analysis (Service Providers), by Key Player, 201911.4 Key Market Developments11.4.1 Key Product Launches11.4.2 Key Mergers & Acquisitions11.4.3 Key Partnerships, Agreements, and Collaborations11.4.4 Expansions11.5 Cannabis Testing Market: Company Evaluation Matrix, 201911.5.1 Stars11.5.2 Emerging Leaders11.5.3 Pervasive Players11.5.4 Participants12 Company Profiles12.1 Agilent Technologies12.2 Shimadzu Corporation12.3 Thermo Fisher Scientific12.4 Merck Kgaa12.5 Restek Corporation12.6 Perkinelmer12.7 Danaher Corporation12.8 Waters Corporation12.9 Hamilton Company12.10 Digipath12.11 Sgs Sa12.12 Steep Hill12.13 SC (Science of Cannabis) Laboratories12.14 Pharmlabs LLC12.15 Canmedlabs12.16 California Cannabis Testing Labs12.17 Proverde Laboratories12.18 Green Leaf Lab12.19 Kaycha Holdings LLC D/B/A Kaycha Labs12.20 Agricor Laboratories12.21 Accelerated Technology Laboratories12.22 Cloudlims12.23 Labware12.24 Autoscribe Informatics12.25 Lablynx Lims13 Appendix13.1 Discussion Guide13.2 Knowledge Store: The Subscription Portal13.3 Available Customizations13.4 Related Reports13.5 Author Details

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

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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...