A Comprehensive Analysis of the Global Cannabis Testing Market

Quince Market Insights has released a new research study titled “Cannabis Testing Market” 2023 analysis by the following subjects: “Industry size, share, growth, segmentation, companies and developments, key trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, potential road maps, and annual forecast till 2032′′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. As a result, the client has complete knowledge of the market and business from past, present, and prospective aspects enabling them to allocate resources and invest money wisely. This report has a complete table of contents, Market figures, tables, and charts, as well as insightful analysis.

The Global Cannabis Testing Market size was valued at USD 1.2 billion in 2019 and is anticipated to grow at a CAGR of 14.1% during the forecast period.

Key Highlights of the Cannabis Testing Market Analysis include:

The report includes historical, forecast data, which is used to make future predictions and industry analysis.
The report includes information on regional and global trade, as well as consumption value and production capacity for each country.
Additional essential metrics used for market growth research include Porter's five forces analysis, value chain analysis, and SWOT analysis.
For 2020 and 2021, the study provides concise insights into how the pandemic has affected demand.
Profiles of some of the major players in the global Cannabis Testing Market, which include Agilent Technologies, Inc., Waters Corporation, Shimadzu Corporation, PerkinElmer, Inc., Millipore Sigma, AB SCIEX LLC, Restek Corporation, Steep Hill Labs, Inc.,SC Laboratories, Inc., PharmLabs, Digipath Labs, Inc., and CannaSafe Analytics.

Cannabis is a drug that is psychoactive and is primarily for medicinal and recreational use.

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The global Cannabis Testing Market research report utilizes both primary and secondary data sources. Government laws, market circumstances, competitive levels, historical data, market status, anticipated changes in linked firms, market volatility, and prospects are just a few of the industry-affecting elements studied during the research process.

Key Impact Factors of the market:

Recognition of cannabis for medical and therapeutic use by the medical fraternity.
The rise in the number of testing facilities.
The increasing legalization of the use of cannabis for medicine and research.
Rising awareness about cannabis benefits aided by strong community support.

The global Cannabis Testing Market is segmented on the basis

By Product (Analytical Instruments, Consumables, Software), Mode of Services (Potency Testing, Terpene Profiling, Pesticide Screening), End User (Laboratories, Research Institute, Drug Manufacturer, Cultivators)

Regional Analysis:

✫ North America (U.S., Canada, Mexico) ✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe) ✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia, Singapore, Rest of Asia Pacific) ✫ South America (Colombia, Brazil, Argentina, Rest of South America) ✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Industry Developments:

In November 2016, Waters Corporation introduced two novel chemistries— CORTECS T3 and CORTECS Shield RP18. These new CORTECS column chemistries allow scientists to obtain more information per analysis and reduce the cost of analyzing complex samples such as biomarkers, natural products, counterfeit cosmetics, synthetic cannabinoids, veterinary drugs, drinking water, and vitamins.
In August 2016, Agilent Technologies, Inc. acquired iLab Solution LLC, (U.S.), a prominent player in providing cloud-based laboratory management software. This acquisition helped Agilent to strengthen its software and informatics product portfolio.

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