Uploaded on Aug 10, 2022
Global cannabis testing market was valued at USD 1,140.27 million in 2018 and is expected to reach USD 2,727.59 million at a CAGR of 11.6% during the forecast period 2019–2026.
Cannabis Testing Market
Cannabis Testing
Market
Cannabis Testing
Market
Outlook, Growth Factors, Industry
Share, Size By 2030
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Cannabis Testing
Market
Cannabis Testing Market Outlook, Growth Factors, Industry
Share, Size by 2030| StraitsResearch
With rising awareness for the benefits of cannabis in medical use is creating
opportunities for cannabis testing market. For instance, the U.S. FDA is taking initiatives
to legalize the use of cannabis for medical purpose. Moreover, legalization of medical
cannabis across various countries is positively impacting the market growth. For
instance, countries such as Argentina, Australia, Canada, Chile, Colombia, Croatia,
Cyprus, Czech Republic, Denmark, and Finland, have already legalized the use of
cannabis.
Increasing technological advancements is positively impacting the market growth. For
instance, Avricore Health Inc. has designed genetic medication response test
myCannabisPGx to ensure effective and safe use of medical cannabis. As of now, the
company has initiated its distribution across seven pharmacies in Toronto. However, the
company plans to distribute the test to nearly 30 locations by 2019.
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Cannabis Testing
Market
Global cannabis testing market was valued at USD 1,140.27 million in 2018 and is expected
to reach USD 2,727.59 million at a CAGR of 11.6% during the forecast period 2019–2026.
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mple
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m/ 203 318 h.com
Cannabis Testing
Market
Cannabis Testing Market Players Covered in This Report:
Some of the key players in the global cannabis testing market are CloudLIMS, GenTech Scientific,
Synfine Research Ltd, Agilent Technologies, Inc., CannaSafe, Demeter Laboratory, PharmWare
Cannabis LIMS, Shimadzu Scientific Instruments, Merck KGaA, and WATERS.
A Summary of the Impact of COVID-19 on this Market:
The appearance of COVID-19 has transported the globe to a halt. We understand that this health
disaster has brought an unprecedented impact on businesses across ndustries. However, this too shall
pass. Growing support from governments and various companies can benefit in the fight against this
highly transmissible disease. There are some businesses that are struggling and some are thriving. General,
almost every sector is anticipated to be stuck by the pandemic.
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Cannabis Testing
Market
The Cannabis Testing Market has been segmented as below:
By Component Regions Covered
•Devices • North America
•Services • South America
• Potency Testing • Europe
• Terpene Profiling • Asia-Pacific
• Pesticide Screening • MEA
• Residual Solvent Screening
• Others
•Software
By End Users
• Testing Laboratories
• Pharmaceutical Manufacturers
• Others
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Cannabis Testing
Market
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intelligence organization, specializing in research, analytics, and
advisory services along with providing business insights & market
research reports.
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