North America Cannabis Testing Market Forecast 2017-2025
KEY FINDINGS The North American cannabis testing market is expected to grow at a CAGR of 12.99%, generating $1370 million by the end of the forecast period of 2017-2025.
MARKET INSIGHTS The presence of major industry players such as Restec Corporation and Thermo Fisher Inc is hugely responsible for driving the market growth of this region. Also, the increasing use of cannabis testing for medical research and treatment due to the legalization from 25 states in the US, has hugely contributed to the market expansion. The market segments include testing methods, end-users, cannabis type, and product and software segments.
COMPETITIVE INSIGHTS Perkinelmer Inc, Agilent Technologies Inc, Cmt Laboratories Inc, Restek Corporation, Pharma labs Llc, Thermo Fisher Scientific Inc, AB Sciex Llc, Sigma-Aldrich (Acquired By Merck Group), Gentech Scientific and Cannasafe Analytics are some of the noted market players for cannabis testing.