(MENAFN- America News Hour) According to the report, the global cannabis testing market was valued at approximately USD 1,051 million in 2018 and is expected to reach a value of around USD 3,526 million by 2027, at a CAGR of around 14.4 % between 2019 and 2027.
Cannabis testing is a kind of drug testing that detects the active elements such as Terpene and cannabinoids through the usage of chromatographic or analytical testing. Moreover, the legalization of cannabis in myriad countries, escalating awareness through programs like
conferences and seminars, and increase in the advancements of the systems used for cannabis testing is fueling the global cannabis testing
market demand.
Cannabis is a type of psychoactive drug which is used for recreational and therapeutic purpose. It mainly comprised of tetrahydrocannabinol that causes alternation in perception, an increase in the appetite, and sensation of ecstasy. There are different kinds of cannabis available across the globe and this includes topical cannabis, solid edible cannabis, inhaling cannabis, and liquid edible cannabis that are tested during the cannabis testing process.
Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/cannabis-testing-market-by-product-software-products-and-165
(The sample of this report is readily available on request. Free report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)
Legalization of cannabis for medicine & recreation to steer market trends
Rise in the acceptance of medicinal cannabis products due to its legalization will steer the growth of the market over the forecast timeline. Moreover, extensive research activities taking place across the medical cannabis sector will further impel market trends.
Furthermore, the usage of medicinal cannabis for the purpose of reducing nausea post the chemotherapy or appetite stimulation in AIDS patients for controlling muscle spasms will propel the industry demand. In addition to this, the rise in the approval of cannabis-based medicines along with new product introduction will steer the expansion of cannabis testing market during the period from 2019 to 2027.
Apparently, the large-scale acceptance of LIMS across the cannabis testing labs will enlarge the business scope during the forecast timeline. Nonetheless, the high cost of analytical devices and high variation in the testing procedures will restrict the market progression
over the forecast timeline.
Products to dominate the products & software segment over the forecast timeline
The growth of the products segment is due to the massive use of analytical devices for the purpose of cannabis testing.
Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/cannabis-testing-market-by-product-software-products-and-165
(You may enquire a report quote OR available discount offers to our sales team before purchase.)
Cannabis testing laboratories segment to lead the end-user landscape
The growth of the segment is attributed to the massive testing of cannabis products for their use in medicinal as well as recreational use. Apparently, stringent laws enforced by various governments on the firms to produce high quality of cannabis products along with the need for ensuring patient safety will further enlarge the cannabis testing laboratories segment growth during the period from 2019 to 2027.
North America to dominate the overall regional market revenue share over the forecast period
With a large number of states in the U.S. approving the medicinal use
of cannabis along with the legalization of cannabis by the Canadian government will embellish the growth of the cannabis testing industry in
North America. Apart from this, the increase in the presence of a number of players in Canada and the U.S. will further fuel the regional market growth over the forecast timeline.
The key players involved in the global cannabis testing business include PerkinElmer, Inc., Millipore Sigma, AB SCIEX LLC, Agilent Technologies, Inc., PharmLabs, LLC, Waters Corporation, CannaSys, Inc., Shimadzu Corporation, GenTech Scientific, and Cannabix Technologies, Inc.
Browse the full 'Cannabis Testing Market By Product & Software (Products and Software), By Method of Testing (Potency, Residual Solvent Screening, Heavy Metal, Pesticide Screening, Terpene Profiling, Genetic, and Microbial Analysis), and By End-Users (Cannabis Testing Laboratories, Drug Manufacturers & Dispensaries, Research Institutions, and Cultivators): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027' Report at https://www.fnfresearch.com/cannabis-testing-market-by-product-software-products-and-165
This report segments the global cannabis testing market as follows:
Global Cannabis Testing Market: By Product & Software Segment Analysis
- Products
- Analytical Instruments
- Chromatography Instruments
- Liquid Chromatography
- Gas Chromatography
- Spectroscopy Instruments
- Mass Spectrometry
- Atomic Spectroscopy
- Consumables
- Chromatography Columns
- Standards & CRMS
- Sample Preparation Products & Software
- Supplies & Accessories
- Software
Global Cannabis Testing Market: By Method of Testing Segment Analysis
- Potency
- Residual Solvent Screening
- Heavy Metal
- Pesticide Screening
- Terpene Profiling
- Genetic
- Microbial Analysis
Global Cannabis Testing Market: By End-Users Segment Analysis
- Cannabis Testing Laboratories
- Research Institutions
- Cultivators
- Drug Manufacturers and Dispensaries
Global Cannabis Testing Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Request Customized Copy of Report @ https://www.fnfresearch.com/customization/cannabis-testing-market-by-product-software-products-and-165
(We customize your report according to your research need. Ask our sales team for report customization.)
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered
by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing
international and regional business backgrounds. Our client's/customer's conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
Global Headquarters
Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal - 200120, China
Tel: +86 21 80360450
Email:
Web: https://www.fnfresearch.com
Milind
![]( www.gravatar.com/avatar/4c919d102bf73c372d139552daba0571?s="70&r=g&d=mm)
Milind has strong professional skills in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
MENAFN10022020007010068ID1099681361
-MENAFN10022020007010068ID1099681361-->
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.