In the report the cannabis testing market, the market is expected to reach US$ 2,486.7 Mn in 2025 from US$ 1,028.2 in 2017. The market is estimated to grow with a CAGR of 11.9% from 2017-2025. The cannabis testing market is driven by the driving factor such as increasing awareness through conferences, symposia, & workshops, legalization of medical cannabis and growing adoption of LIMS in cannabis testing laboratories. However, the market is likely face the restraining factors such as risks related to stringent regulatory framework for cannabis and dearth of trained laboratory professionals. The future trend that is likely to drive the market growth with advances in cannabis testing equipment. The cannabis testing market as per the type segment is segmented as product and software.
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Key Vendors are involved in Industry:
- Agilent Technologies, Inc.
- PerkinElmer, Inc.
- Shimadzu Corporation
- Sciex (Danaher)
- Merck KGaA
- Restek Corporation
- CannaSafe Analytics
The following part of the report explains the detailed segmentation of the Cannabis Testing Market. Valuable data and information related to the key segments have been established via this market research report. The revenue share coupled with insightful forecasts for the major segments and the other significant sub-segments have been detailed via this report. The key industry players that have contributed to the Cannabis Testing Market have also been detailed in this report.
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Due to increase in competition in this market, a number of companies are entering into strategic partnerships with software companies to increase the overall product benefit and sustain their Cannabis Testing Market position. The Cannabis Testing Market report focuses on the requirements of the clients from several global Market regions such as North America, Latin America, Asia-Pacific, Europe, and India.
TOC of Cannabis Testing Market report:
Chapter 1. Methodology and Scope 2020
Chapter 2. Executive Summary
Chapter 3. Cannabis Testing Market Variables, Trends & Scope (2020-2026)
Chapter 4. Cannabis Testing Market – Competitive Analysis
Chapter 5. Cannabis Testing Market: Product Market Estimates & Trend Analysis
Chapter 6. Cannabis Testing Market: Application Market Estimates & Trend Analysis
Chapter 7. Cannabis Testing Market: Regional Estimates, by Product, & Application
Chapter 8. Competitive Landscape
Chapter 9. Approx. (2020-2026)
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