Cannabis Testing Market To 2025 Is Expected To Grow Significantly By Growth Strategies And Top Players

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This comprehensive Cannabis Testing Market 2019 research report includes a brief on these trends, size, share that can help the businesses operating in the industry to understand the Cannabis Testing market and strategize for their business growth accordingly. The research report analyses the market size, industry share, growth, key segments, CAGR, Application and key drivers.

The global cannabis testing market by type was led by products. In 2017, the products segment held a largest market share of 73.7% of the cannabis testing market, by type. The products segment is expected to dominate the market in 2025 owing to the various product offering such as instruments, consumables, tools and equipment for the cannabis testing. The market is likely to grow due to the increasing cases of the consumption of the cannabis and hence, the products offering are likely to grow the market in the forecast period.

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According to a new market research study titled ‘Cannabis Testing Market to 2025 – Global Analysis and Forecasts by Type, Services and End User, the global cannabis testing market was valued at US$ 1,028.2 Mn in 2017 and is estimated to reach US$ 2,486.7 Mn by 2025. The market is estimated to grow with a CAGR of 11.9% from 2017-2025.The report highlights the trends prevalent in the global cannabis testing market and the factors driving the market along with those that act as deterrents to its growth.

Leading Cannabis Testing Market Players:

• Agilent Technologies
• PerkinElmer, Inc.
• Shimadzu Corporation
• SCIEX
• Merck KGaA
• Restek Corporation
• Waters
• CannaSafe Analytics
• Accelerated Technology Laboratories, Inc.
• Digipath Labs.

CANNABIS TESTING – MARKET SEGMENTATION

By Type
• Products
• Software

By Services
• Potency Testing
• Terpene Profiling
• Pesticide Screening
• Residual Solvent Screening
• Heavy Metal Testing
• Microbial Analysis
By End User
• Testing Laboratories
• Drug Manufacturers
• Research Institutes

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o France
o Germany
o UK
• Asia Pacific (APAC)
o China
o India
o Japan
• Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o UAE
• South America (SAM)
o Brazil

Strategic Insights
Approvals and agreements were observed as the most adopted strategy in global cannabis testing industry. Few of the organic developments, inorganic developments and others are listed below:

2018: In January, 2018, SCIEX Diagnostics, a division of SCIEX launched Citrine Triple Quad MS/MS and Citrine QTRAP MS/MS Systems for clinical diagnostics.
2017: In June, 2017, Waters Corporation received approval for Waters ACQUITY UPLC, ACQUITY UPLC I-Class System by Brazil’sNational Health Surveillance Agency (ANVISA).
2016: In September 2016, SCIEX entered into a collaboration with CW Analytical (CWAL) to develop fully validated standardized methods to measure pesticides and cannabinoids in Cannabis and Cannabis related products.

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