The global cannabis testing market was valued at USD 1010.4 million in 2021 and projected to reach USD 2500.2 million by 2030, growing at a CAGR of 12.8% during the forecast period, 2022-2030.
Cannabis Testing Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider  Cannabis Testing Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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The major factors are the legalization of cannabis for medical use across various countries. Additionally, the increasing number of cannabis testing laboratories and growing awareness regarding medical cannabis will spur the global cannabis testing industry in the future periods.
A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Cannabis Testing.
Major market player included in this report are:
Thermo Fisher Scientific
DigiPath Inc
Steep Hill Inc.
SC Laboratories Inc
PharmLabs LLC
Shimadzu Scientific Instruments
Merck KGaA
Restek Corporation
PerkinElmer Inc
Waters Corporation
Hamilton Company
Agilent Technologies Inc
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product & Software
Analytical Instruments
Spectroscopy Instruments
By Testing Procedures
Potency Testing
Terpene Profiling
Residual Solvent Analysis
Microbial Analysis
Pesticide Screening
Heavy Metal Testing
Other Services
By End-User
Testing Laboratories
Research Institutes
Drug Manufacturers & Dispensaries
Cannabis Cultivators/Growers
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By Region:
North America
Asia Pacific
South Korea
Rest of Asia
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of MEA
Furthermore, years considered for the study are as follows:
Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.
Target Audience of the Global Cannabis Testing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
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What is the aim of the report?
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