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Global Cannabis Testing Market Size, Trends, and Analysis - Forecasts To 2026 By Product & Software (Analytical Instruments (Chromatography Instruments (Liquid Chromatography, Gas Chromatography, and other Chromatography Instruments)), Spectroscopy Instruments (Mass Spectrometry Instruments and Atomic Spectrometry Instruments), Other Analytical Instruments, Consumables (Columns, Reference Standards, Sample Handling Products, and Supplies & Accessories) and Software), By Services (Potency Testing, Terpene Profiling, Residual Solvent Analysis, Microbial Analysis, Pesticide Screening, Heavy Metal Testing, and Other Services), By End-users (Product & Software, Cannabis Testing Laboratories (Small-scale Laboratories, Medium-scale Laboratories, Large-scale Laboratories) and Research Institutes), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis.
Cannabis testing is a drug testing method for detecting its possible usage in any field like medical, law, or sports. Cannabis can be used for testing blood, urine, hair, saliva, etc. It mainly refers to the testing of a sample of cannabis for determining any presence of THC or CBD or any impurities like some residual solvent or residual pesticide or mold in it. Owing to the number of countries to legalize cannabis testing around the world, along with the increasing number of cannabis testing laboratories is driving this market to a greater future. By the end of the forecasting period of 2021 – 2026, the market is estimated to value almost USD 2100 million.
Although now many countries are beginning to legalize cannabis, nationally, mainly for using it in the medical industries, every country has some specific rules and regulations regarding this. However, the growing use of cannabis in the medical industry associated with increasing numbers of emerging testing centers, increasing awareness and demand for cannabis products are some of the key drivers in this market. However, the market has been affected in the year 2020, due to the emergence of the ongoing pandemic, as most of the laboratories were shut and were facing closure, obstacles in the supply chains of the cannabis, etc. Moreover, the high primary cost of the setting up of the testing laboratories is restraining the market a bit.
According to the product and software, the market is categorized into analytical, spectroscopy, other analytical, consumables, and software. However, the analytical instruments, more specifically the chromatography instruments are expected to rise with the highest CAGR.
As the result of using various chromatography instruments (liquid, gas, or others) of the cannabis testing come fast and effective, it is becoming the most popular globally. With the growing innovations and advancements, many chromatography instruments are being produced solely for cannabis testing by many dedicated companies which is causing the demand to grow even more.
Based on the services, the market is explained into, potency testing, microbial analysis, heavy metal testing, residual solvent analysis, terpene profiling, and pesticide screening, among others. Among these, the potency testing component occupies a maximum share in the market. The main reason behind this emergence is expected to be the increasing usage of cannabidiol (CBD) in the medical industry, increasing use of tetrahydrocannabinol (THC) and arising use of potency testing techniques like GC, HPLC, etc.
According to the end-user, the market is divided into three categories product and software, cannabis testing laboratories and research institute. Out of these, the cannabis laboratories segment which is expected to have the largest market share is further divided into three sub-segments, small-scale, medium-scale, and large-scale.
It is currently dominating the market due to the rising demand from labs for cannabis testing software. With the rising rate of legalization globally happening for the usage of cannabis in the medical industry, the strict regulations to ensure patients’ safety by using finely tested superior quality cannabis is expected to help the cannabis testing market to grow at the highest rate.
Along with the rising investments and government ventures in the emerging nations of the Asia Pacific, Latin America, and Middle East Regions, are creating a huge demand for testing laboratories to emerge, to satisfy the growing demand pertaining to the increasing research and development in this region.
The North American region is dominating the market. This domination is mainly due to technological advancements. Also, this region does have the largest number of cannabis testing centers as well as cultivators of marijuana in the world.
Whereas, the cannabis testing market in the APAC region and the Middle East & African region is expected to have the fastest growth rates mainly due to its rising awareness programs, increasing demand for cannabis products, and the low price of cannabis in this region.
The emerging developing nations of the APAC and Middle East region have stable support from the government, in terms of various implementation and legalization regarding the use of cannabis, and cultivation of medical marijuana. As a result, the regions are attracting lots of FDI in this field.
Shimadzu Corporation, Agilent Technologies, Inc. (US), PharmLabs LLC, SC Laboratories, Inc. (US), MERCK KGAA (Germany), Steep Hill Inc. (US), Thermo Fisher Scientific (US), and DigiPath Inc. (US) among others are the key players.
Please note: This is not an exhaustive list of companies profiled in the report.
In 2020, the company named VSSL Enterprises was acquired by DigiPath Inc. which expanded the latter’s market share globally. It helped DigiPath to be noticed in the field of technical services in tissue culture and cultivation, and development of germplasm.
In 2020, in order to relish a greater market share, Agilent Technologies introduced Cannabis and Hemp Potency Kit.
In January 2019, to enable potency testing on-site, Digipath, Inc. paired with Hemp, Inc. in Oregon, North Carolina, and Arizona that are owned by Hemp, Inc. The company is expecting to witness a big exposure through this process.
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The Global Cannabis Testing Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Cannabis Testing Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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