Cannabis testing defines various drug test methods for the usage of cannabis in medical prescription, sports medicine, and law. The rapidly increasing applications of cannabis (marijuana) in mainstream medicine such as pain management is poised to increase demand for cannabis testing measures.
The increasing use of cannabis for medical purposes is one of the major factors driving the global cannabis testing market. Cannabis used for medicinal purposes is referred to as medical marijuana or medical cannabis. In this case, the whole, unprocessed cannabis plant or its extracts are used to treat a variety of symptoms and conditions. Medical cannabis contains many compounds that are collectively referred to as cannabinoids. The two main compounds are tetrahydrocannabinol (THC) and Cannabidiol (CBD). Though there are several other types of cannabinoids in cannabis strains, THC and CBD are the most abundant compounds. These compounds mainly address pain symptoms in multiple diseases.
The major drawback of this market is a lack of uniform industry standards across the globe. Regulatory standards of various countries required for cannabis testing have huge differences as these standards are set by the government organizations of the specific country. Every country also has its own standards for dosage. Also, the exposure to heavy metals such as lead is a big concern. This is the main root of the problem. Strict regulations will prove to be unfair if they sell prescribed drugs and alcohol products. Therefore, many pharmaceutical dealers have decided to obey these laws which would contain extracts which would practically obey any cannabis testing standards.
The Americas accounted for the maximum share of the cannabis testing market during 2017. Our analysts have predicted that the market will witness steady growth in this region during the next five years as well and this will attribute to the growing approval of cannabis for recreational and medical purposes. Moreover, the demand for cannabis testing products from luxury cannabis products manufacturers will also drive the market’s growth in this region.
In 2018, the global Cannabis Testing market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Cannabis Testing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cannabis Testing development in United States, Europe and China.
The key players covered in this study
– Agilent Technologies
– Shimadzu Corporation
– Millipore Sigma
– AB SCIEX LLC
– Waters Corporation
– Restek Corporation
– Accelerated Technology Laboratories
Market segment by Type, the product can be split into
– Terpene Profiling Testing
– Heavy Metal Testing
– Microbial Analysis Testing
– Genetic Testing
– Residual Solvent Screening Testing
– Potency Testing
– Pesticide Screening Testing
Market segment by Application, split into
– Research Institutions
Market segment by Regions/Countries, this report covers
– United States
– Southeast Asia
– Central & South America
The study objectives of this report are:
– To analyze global Cannabis Testing status, future forecast, growth opportunity, key market and key players.
– To present the Cannabis Testing development in United States, Europe and China.
– To strategically profile the key players and comprehensively analyze their development plan and strategies.
– To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Cannabis Testing are as follows:
– History Year: 2014-2018
– Base Year: 2018
– Estimated Year: 2019
– Forecast Year 2019 to 2025
QY Reports in their recently published report, have emphasized upon the unique and key findings of the industry for a particular assessment period. The report mainly categorizes the custom market survey conducted by the experts to collect high-quality data analysis and visualization to bring out the various dynamics of the industry. It offers a detailed information about the latest updates such as several new technological advancements made, mergers and acquisitions, new entrants in the market, which make an impact on different segments of the industry.
Segmental AnalysisThe global industry has been segmented on the basis of its products, regions, end users, technology, applications and cues for positioning, advertising & communication strategies. For a better understanding of the market, QY Reports has also provided a detailed analysis of drivers, restraints, and opportunities that dominate the present market scenario and also provides the anticipation of the future status of this industry.
QY Reports emphasizes on the essentials of analyzing qualitative and quantitative aspects of the industry. While giving a brief idea about the revenue opportunities for all the segments, this report has also provided the impact of industry expertise to determine the scope of the study for all the segments over the predicted period.
The report comprises of the geographical landscape of the industry and is briefly segmented into key regions such as North America, the Asia Pacific, Latin America, and the Middle East and Africa. Our research methodology also focuses on understanding the niche countries such as Vietnam, Indonesia, Thailand, Malaysia, Mexico, and Italy to give lucid essence of the country-wide acceptance and growth of this industry. It also provides the reader with extensive data related to the market thus, empowering them to make informed decisions about doing business.
Our infallible research methodology offers flexibility to suit varying budgets, deadlines, and altering market dynamics. Our researches cover a detailed comprehension of a wide spectrum of products and services, along with the business strategies adopted by the new entrants who are trying to establish themselves in the competitive landscape. The market size and revenue generated by each segments has been analyzed with the help of Basis Point Share technique, which accurately calculates the percentage change in the value of trending products.
QY Reports is committed to offer a targeted market view in order to eliminate redundant information for the complete satisfaction of thereader.
Various sales channels such as Original Equipment Manufacturers and aftermarkets across various key regions are covered in this report.
Our quantitative research approach identifies the market size and how much it might be worth to find areas for sales growth. It also helps the reader understand the demographics of customers, such as their gender and age. The qualitative research renders a better understanding of the customer requirements and identifies opportunities for enhancing sales and also improving customer service.
Our research experts have focused on to offer a detailed description of the supply side of the business before placing the product in the market. The syndicated research covers critical aspects of market research to generate useful strategies that ensure accurate analysis, high-level data integrity, and impeccable forecasts. On-demand customization or bespoke proposals are rendered to exactly meet the customer needs. The information provided regarding the geographical segmentation and the competitive landscape is based on the study done on the authenticated data from direct observations, online surveys, government agencies, industry bodies, and expert interviews.
QY Reports offers market attractiveness, which presents a market index to help the clients and target audiences recognize the numerous opportunities that the industry holds.
In order to authenticate the data, our experts have interviewed the industry experts on various panels across the globe who have sufficient experience and knowledge related to the field. QY Reports has used frameworks such as Year on Year growth forecast, parent market overview for data analysis, and the performance of various macroeconomic factors. Also, the analysts have gathered all the necessary information from the annual reports of various companies, their official websites, and some paid publications in order to offer full-proof reports to our clients.
The report has developed a time-bound strategic roadmap for the readers by weaving different aspects of business into a winning fabric.
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Cannabis Testing Market Size Growth Rate by Type (2014-2025)
1.4.2 Terpene Profiling Testing
1.4.3 Heavy Metal Testing
1.4.4 Microbial Analysis Testing
1.4.5 Genetic Testing
1.4.6 Residual Solvent Screening Testing
1.4.7 Potency Testing
1.4.8 Pesticide Screening Testing
1.5 Market by Application
1.5.1 Global Cannabis Testing Market Share by Application (2014-2025)
1.5.3 Research Institutions
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Cannabis Testing Market Size
2.2 Cannabis Testing Growth Trends by Regions
2.2.1 Cannabis Testing Market Size by Regions (2014-2025)
2.2.2 Cannabis Testing Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
3 Market Share by Key Players
3.1 Cannabis Testing Market Size by Manufacturers
3.1.1 Global Cannabis Testing Revenue by Manufacturers (2014-2019)
3.1.2 Global Cannabis Testing Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Cannabis Testing Market Concentration Ratio (CR5 and HHI)
3.2 Cannabis Testing Key Players Head office and Area Served
3.3 Key Players Cannabis Testing Product/Solution/Service
3.4 Date of Enter into Cannabis Testing Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
4.1 Global Cannabis Testing Market Size by Type (2014-2019)
4.2 Global Cannabis Testing Market Size by Application (2014-2019)
5 United States
5.1 United States Cannabis Testing Market Size (2014-2019)
5.2 Cannabis Testing Key Players in United States
5.3 United States Cannabis Testing Market Size by Type
5.4 United States Cannabis Testing Market Size by Application
6.1 Europe Cannabis Testing Market Size (2014-2019)
6.2 Cannabis Testing Key Players in Europe
6.3 Europe Cannabis Testing Market Size by Type
6.4 Europe Cannabis Testing Market Size by Application
7.1 China Cannabis Testing Market Size (2014-2019)
7.2 Cannabis Testing Key Players in China
7.3 China Cannabis Testing Market Size by Type
7.4 China Cannabis Testing Market Size by Application
8.1 Japan Cannabis Testing Market Size (2014-2019)
8.2 Cannabis Testing Key Players in Japan
8.3 Japan Cannabis Testing Market Size by Type
8.4 Japan Cannabis Testing Market Size by Application
9 Southeast Asia
9.1 Southeast Asia Cannabis Testing Market Size (2014-2019)
9.2 Cannabis Testing Key Players in Southeast Asia
9.3 Southeast Asia Cannabis Testing Market Size by Type
9.4 Southeast Asia Cannabis Testing Market Size by Application
10.1 India Cannabis Testing Market Size (2014-2019)
10.2 Cannabis Testing Key Players in India
10.3 India Cannabis Testing Market Size by Type
10.4 India Cannabis Testing Market Size by Application
11 Central & South America
11.1 Central & South America Cannabis Testing Market Size (2014-2019)
11.2 Cannabis Testing Key Players in Central & South America
11.3 Central & South America Cannabis Testing Market Size by Type
11.4 Central & South America Cannabis Testing Market Size by Application