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Global Cannabis Testing Market Forecast 2019-2027

Global Cannabis Testing Market Forecast 2019-2027

KEY FINDINGS

Cannabis is a psychoactive drug which is mainly used for medicinal and recreational purposes. The global cannabis testing market is expected to rise at a CAGR of 11.63% over the forecast period of 2019-2027. The market is mainly being driven by an increase in the number of testing facilities acquired as a strategic initiative by other cannabis oriented industries.

MARKET INSIGHTS

The other drivers include the fact that marijuana is increasingly being recognized as beneficial by the medical fraternity for medical and therapeutic uses. Also, factors like increasing legalization on the usage of cannabis for medicine and research and growing awareness about the benefits of cannabis aided by strong community support are propelling the market growth.

The lack of skilled professionals in the field of testing of cannabis is one of the key challenges faced by the cannabis testing market. As the medical cannabis market continues to rise, the need for lab tested cannabis will also increase. Also, the initial investment to set up laboratories for cannabis testing is very high. In order to set up a testing laboratory, the basic requirement that must be fulfilled includes testing instrument, inventory control, quality control, qualified staff, data management and administrative functions.

REGIONAL INSIGHTS

The global cannabis testing market has been geographically divided into North America, Europe, Asia-Pacific and the Rest of World. North America held the largest revenue share of around 47.54% in the global cannabis market in 2018. The growth in the North America region is mainly driven by the rising demand for cannabis use in medical drugs and treatment. In the U.S. the growing legalization of cannabis use in the medical segment is boosting the demand for cannabis testing in medical.

COMPETITIVE INSIGHTS

Product launch is the key strategy applied by the companies within the cannabis testing market in order to expand their market share. The other strategy includes mergers and acquisitions that help in expanding their product portfolio, acquire patents from target companies and encompass newer markets. The major players in the global market include GenTech Scientific, CannaSafe Analytics, Waters Corporation, Anresco Laboratories, Digipath, Inc., Thermo Fisher Scientific, Inc., Shimadzu Corporation, LabLynx, Inc., Pharmalab, Accelerated Technology Laboratories, Inc., Steep Hill Halent Laboratories, Inc., Sigma-Aldrich (Acquired By Merck Group), SC Laboratories, Inc., Cannabilab, AB Sciex LLC, Urofins Proxy Laboratories, Agilent Technologies, Inc., Restek Corporation, PerkinElmer, Inc., Eli Lilly, Test Lab Amsterdam, and SDpharma Labs LLC (PharmLabs™ LLC).


1. Research Scope
1.1. Study Goals
1.2. Scope Of Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources Of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-down Approach
2.3. Bottom-up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Potency Is The Major Testing Type
3.2.2. Laboratories Are The Largest Contributor To Cannabis Testing Market
3.2.3. Inhalation Cannabis Is The Prominent Cannabis Type
4. Market Dynamics
4.1. Market Definition And Scope
4.2. Market Drivers
4.2.1. Recognition Of Cannabis For Medical And Therapeutic Use By The Medical Fraternity
4.2.2. Rise In The Number Of Testing Facilities
4.2.3. Increasing Legalization Of The Use Of Cannabis For Medicine And Research
4.2.4. Rising Awareness About Cannabis Benefits Aided By A Strong Community Support
4.3. Market Restraints
4.3.1. Lack Of Uniform Industry Standards Across The Globe
4.3.2. High Costs Related To The Laboratory Analytical Instruments Used For The Cannabis Testing
4.4. Market Opportunities
4.4.1. Increasing Applications Of Cannabis
4.4.2. Increase In Venture Funding For Cannabis Testing
4.5. Market Challenges
4.5.1. Shortage Of Skilled Professionals
4.5.2. Blockages In Initial Setup
4.5.3. Prejudices Against The Use Of Cannabis
5. Market By Type
5.1.1. Terpene Profiling
5.1.2. Heavy Metal
5.1.3. Microbial Analysis
5.1.4. Genetic
5.1.5. Residual Solvent Screening
5.1.6. Potency
5.1.7. Pesticide Screening
6. Market By Product & Software
6.1. Products
6.1.1. Analytical Instruments
6.1.2. Consumables
6.2. Software
7. Market By End-user
7.1. Laboratories
7.2. Research Institutions
8. Market By Cannabis Type
8.1. Solid Edible Cannabis
8.2. Inhaling Cannabis
8.3. Liquid Edible Cannabis
8.4. Topical Cannabis
8.5. Other Cannabis Types
9. Key Analytics
9.1. Porter’s 5 Force Model
9.1.1. Threat Of New Entrants
9.1.2. Threat Of Substitute Products
9.1.3. Bargaining Power Of Buyer
9.1.4. Bargaining Power Of Supplier
9.1.5. Intensity Of Competitive Rivalry
9.2. Opportunity Matrix
9.3. Key Buying Criteria
9.3.1. Cost
9.3.2. Requirement
9.3.3. Effectiveness
9.4. Vendor Landscape
10. Geographical Analysis
10.1. North America
10.1.1. United States
10.1.2. Canada
10.2. Europe
10.2.1. United Kingdom
10.2.2. France
10.2.3. Germany
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest Of Europe
10.3. Asia Pacific
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. South Korea
10.3.5. Australia
10.3.6. Rest Of Asia Pacific
10.4. Rest Of World
10.4.1. Latin America
10.4.2. Middle East & Africa
11. Competitive Landscape
11.1. Company Profile
11.1.1. Accelerated Technology Laboratories, Inc.
11.1.2. Agilent Technologies, Inc.
11.1.3. Eli Lilly
11.1.4. Perkinelmer, Inc.
11.1.5. Anresco Laboratories
11.1.6. Digipath, Inc.
11.1.7. Steep Hill Halent Laboratories, Inc.
11.1.8. Sdpharma Labs Llc (Pharmlabs™ Llc)
11.1.9. Restek Corporation
11.1.10. Sc Laboratories, Inc.
11.1.11. Thermo Fisher Scientific, Inc.
11.1.12. Sigma-aldrich (Acquired By Merck Group)
11.1.13. Shimadzu Corporation
11.1.14. Waters Corporation
11.1.15. Ab Sciex Llc
11.1.16. Cannasafe Analytics
11.1.17. Lablynx, Inc.
11.1.18. Gentech Scientific
11.1.19. Cannabilab
11.1.20. Pharmalab
11.1.21. Urofins Proxy Laboratories
11.1.22. Test Lab Amsterdam
List Of Tables
Table 1 Global Cannabis Testing Market By Geography 2019-2027 ($ Million)
Table 2 Global Cannabis Testing Market By Type 2019-2027 ($ Million)
Table 3 Global Terpene Profiling Market By Region 2019-2027 ($ Million)
Table 4 Global Heavy Metal Market By Region 2019-2027 ($ Million)
Table 5 Global Microbial Analysis Market By Region 2019-2027 ($ Million)
Table 6 Global Genetic Testing Market By Region 2019-2027 ($ Million)
Table 7 Global Residual Solvent Screening Market By Region 2019-2027 ($ Million)
Table 8 Global Potency Cannabis Testing Market By Region 2019-2027 ($ Million)
Table 9 Global Pesticide Screening Market By Region 2019-2027 ($ Million)
Table 10 Global Cannabis Testing Market By Product & Software 2019-2027 ($ Million)
Table 11 Global Cannabis Testing Products Market By Type 2019-2027 ($ Million)
Table 12 Global Cannabis Testing Product Market By Region 2019-2027 ($ Million)
Table 13 Global Cannabis Testing Software Market By Region 2019-2027 ($ Million)
Table 14 Global Cannabis Testing Market By End-user 2019-2027 ($ Million)
Table 15 Global Cannabis Testing Laboratories Market By Region 2019-2027 ($ Million)
Table 16 Global Research Institutes Market By Region 2019-2027 ($ Million)
Table 17 Global Cannabis Testing Market By Cannabis Type 2019-2027 ($ Million)
Table 18 Global Solid Edible Cannabis Market By Region 2019-2027 ($ Million)
Table 19 Global Inhaling Cannabis Market By Region 2019-2027 ($ Million)
Table 20 Global Liquid Edible Cannabis Market By Region 2019-2027 ($ Million)
Table 21 Global Topical Cannabis Market By Region 2019-2027 ($ Million)
Table 22 Global Other Cannabis Types Market By Region 2019-2027 ($ Million)
Table 23 Global Cannabis Testing Market By Geography 2019-2027 ($ Million)
Table 24 North America Cannabis Testing Market By Country 2019-2027 ($ Million)
Table 25 Europe Cannabis Testing Market By Country 2019-2027 ($ Million)
Table 26 Asia Pacific Cannabis Testing Market By Country 2019-2027 ($ Million)
List Of Figures
Figure 1 Global Cannabis Testing Market, Regional Outlook, 2018 & 2027 (%)
Figure 2 Global Cannabis Testing Market By Potency Testing 2019-2027 ($ Million)
Figure 3 Global Cannabis Testing Market By Laboratories 2019-2027 ($ Million)
Figure 4 Global Cannabis Testing Market By Inhaling Cannabis 2019-2027 ($ Million)
Figure 5 Global Cannabis Testing Market, By Type 2018 & 2027 (%)
Figure 6 Global Cannabis Testing Market By Terpene Profiling 2019-2027 ($ Million)
Figure 7 Global Cannabis Testing Market By Heavy Metal 2019-2027 ($ Million)
Figure 8 Global Cannabis Testing Market By Microbial Analysis 2019-2027 ($ Million)
Figure 9 Global Cannabis Testing Market By Genetic Testing 2019-2027 ($ Million)
Figure 10 Global Cannabis Testing Market By Residual Solvent Screening 2019-2027 ($ Million)
Figure 11 Global Cannabis Testing Market By Potency Testing 2019-2027 ($ Million)
Figure 12 Global Cannabis Testing Market By Pesticide Screening 2019-2027 ($ Million)
Figure 13 Global Cannabis Testing Market By Product & Software 2018 & 2027 (%)
Figure 14 Global Cannabis Testing Market By Product 2019-2027 ($ Million)
Figure 15 Global Cannabis Testing Products Market By Analytical Instruments 2019-2027 ($ Million)
Figure 16 Global Cannabis Testing Products Market By Consumables 2019-2027 ($ Million)
Figure 17 Global Cannabis Testing Market By Software 2019-2027 ($ Million)
Figure 18 Global Cannabis Testing Market, By End-user 2018 & 2027 (%)
Figure 19 Global Cannabis Testing Market By Laboratories 2019-2027 ($ Million)
Figure 20 Global Cannabis Testing Market By Research Institutes 2019-2027 ($ Million)
Figure 21 Global Cannabis Testing Market, By Cannabis Type 2018 & 2027 (%)
Figure 22 Global Cannabis Testing Market By Solid Edible 2019-2027 ($ Million)
Figure 23 Global Cannabis Testing Market By Inhaling Cannabis 2019-2027 ($ Million)
Figure 24 Global Cannabis Testing Market By Liquid Edible Cannabis 2019-2027 ($ Million)
Figure 25 Global Cannabis Testing Market By Topical Cannabis 2019-2027 ($ Million)
Figure 26 Global Cannabis Testing Market By Other Cannabis Types 2019-2027 ($ Million)
Figure 27 Global Cannabis Testing Market Regional Outlook 2018 & 2027 (%)
Figure 28 United States Cannabis Testing Market 2019-2027 ($ Million)
Figure 29 Canada Cannabis Testing Market 2019-2027 ($ Million)
Figure 30 United Kingdom Cannabis Testing Market 2019-2027 ($ Million)
Figure 31 France Cannabis Testing Market 2019-2027 ($ Million)
Figure 32 Germany Cannabis Testing Market 2019-2027 ($ Million)
Figure 33 Italy Cannabis Testing Market 2019-2027 ($ Million)
Figure 34 Spain Cannabis Testing Market 2019-2027 ($ Million)
Figure 35 Rest Of Europe Cannabis Testing Market 2019-2027 ($ Million)
Figure 36 China Cannabis Testing Market 2019-2027 ($ Million)
Figure 37 India Cannabis Testing Market 2019-2027 ($ Million)
Figure 38 Japan Cannabis Testing Market 2019-2027 ($ Million)
Figure 39 South Korea Cannabis Testing Market 2019-2027 ($ Million)
Figure 40 Australia Cannabis Testing Market 2019-2027 ($ Million)
Figure 41 Roapac Cannabis Testing Market 2019-2027 ($ Million)
Figure 42 Latin America Cannabis Testing Market 2019-2027 ($ Million)
Figure 43 Middle East And Africa Cannabis Testing Market 2019-2027 ($ Million)

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