Cannabis Testing Market Scope And Analysis

  • Report Code : TIPHE100001394
  • Category : Pharmaceuticals
  • Status : Published
  • No. of Pages : 214
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Cannabis Testing Market Analysis, Size, and Growth (2022-2028)

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Cannabis Testing Market Report Cannabis Testing Market Size and Share Cannabis Testing Market Scope and Analysis

Cannabis Testing Market Report Scope

Report Attribute Details
Market size in 2021 US$ 1.51 Billion
Market Size by 2028 US$ 2.96 Billion
Global CAGR (2021 - 2028) 10.1%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Product
  • Analytical Instruments
  • Consumables
  • Software
By Type
  • Potency Testing
  • Terpene Profiling
  • Residual Solvent Screening
  • Microbial Analysis
  • Pesticide Screening
  • Heavy Metal Testing
  • Genetic Testing
By End User
  • Testing Laboratories
  • Drug Manufacturers
  • Research Institutes
By Portability
  • Hand held Devices
  • Standalone
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Purpl Scientific
  • Orange Photonics Inc
  • Agilent Technologies Inc
  • SHIMADZU CORPORATION
  • Merck KGaA
  • Restek Corporation
  • WATERS
  • CannaSafe Analytics
  • Accelerated Technology Laboratories Inc

    • Covid-19 Impact:

    The COVID-19 pandemic affected economies and industries in various countries across the globe. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the healthcare industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and sales of various essential and nonessential products including healthcare products and services. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. It also includes the impact of the COVID–19 pandemic on the market across all the regions. The impact of the pandemic and decreasing global research activities have also harmed the operations and financial execution of several companies in the cannabis testing market. The number of cannabis tests conducted in the laboratories decreased due to the shutting down of academic & research institutes and testing laboratories. For instance, according to a report issued by MJBizDaily in March 2020, most federally managed cannabis labs in Canada help COVID-19 testing, consequently impacting the number of cannabis tests performed in the labs. In addition, the cannabis market lost some revenue due to shop closures, testing laboratories closings, interrupted supply chains, global economic slowdown, and limited movement.  

    Competitive Landscape and Key Companies:

    Some of the prominent players operating in the global cannabis testing market include Purpl Scientific, Orange Photonics Inc, Agilent Technologies Inc., Shimadzu Corporation, Merck KGaA, Restek Corporation, WATERS, CannaSafe Analytics, Accelerated Technology Laboratories, Inc, Digipath Inc. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their market share.