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Cannabis Testing Market by Product & Software (LC, GC, Spectroscopy (MS, Atomic), Column, Standards, Accessories, LIMS), Service (Potency, Pesticides, Heavy Metal, Genetic Testing), End User (Lab, Pharmaceutical, Research) - Global Forecast to 2021

  • ID: 4143612
  • Report
  • March 2017
  • Region: Global
  • 172 Pages
  • Markets and Markets
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The Global Cannabis Testing Market Is Expected to Reach USD 1,416.3 Million by 2021 from USD 822.0 Million in 2016

FEATURED COMPANIES

  • Digipath, Inc.
  • Perkinelmer, Inc.
  • Pharmlabs LLC
  • Restek Corporation
  • Shimadzu Corporation
  • Waters Corporation
  • MORE

The growth in this market is mainly driven by factors such as legalization of medical cannabis, coupled with the growing number of cannabis testing laboratories (specifically in the U.S.); growing adoption of LIMS in cannabis testing laboratories; and increasing awareness through conferences, symposia, and workshops. On the other hand, the high cost of analytical instruments, presence of alternative technologies, and dearth of skilled professionals are some of the major factors that are expected to restrain the growth of this market in the coming years.

Rising funding for cannabis testing laboratories is one of the major trend observed in the cannabis testing industry. Growing legalization of cannabis for medicinal purpose has attracted various prominent market players and investors to invest in cannabis testing laboratories to develop and improve analytical testing to ensure consumer safety. For instance:

In February 2017, Cannabi-Tech Ltd. (CBT) (Israel) received funding of USD 1 Million from Agrinnovation. The company intends to utilize these funds for the North American launch of its testing platform for medical cannabis labs and dispensaries.

In November 2015, Steep Hill Labs, Inc. (U.S.) received funding of USD 2 Million from Delft Blue Horizons (Netherlands), Phyto Partners (U.S.), and Poseidon Asset Management (U.S.) to support the expanded testing services in addition to new research and product development.

The cannabis testing market is segmented on the basis of product & software, service, end user, and region. The cannabis testing services market (services offered by cannabis testing laboratories) is segmented into potency testing, terpene profiling, pesticide screening, residual solvent screening, heavy metal testing, microbial analysis, and genetic testing. The potency testing segment accounted for the largest share in 2016 and also expected to grow at the highest CAGR during the forecast period as a majority of the end users primarily test their cannabis plants for cannabinoids and look for evaluating the strength of cannabis and the effect it will have on medical marijuana users.

North America is expected to register the highest CAGR during the forecast period. This can be attributed to growing legalization of cannabis for medical use; rapid growth in the number of cannabis testing laboratories; the presence of prominent players in this region; growing awareness regarding medical cannabis through various seminars, conferences, and symposia; and rising funding for the cannabis industry in this region.

Research Coverage:
This market is categorized on the basis of product & software, service, end user, and region. Apart from the comprehensive regional analysis, product analysis, and market sizing, the report also provides a competitive landscape that covers growth strategies adopted by industry players over the last three years. The company profiles comprise basic views on key players and their product portfolios, developments, and strategies adopted. The above-mentioned market research data, current market sizes, and forecast of future trends will help key players and new entrants make informed decisions regarding product offerings, geographical focus, changes in strategic approach, R&D investments, and levels of output in order to remain successful.

Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms, garner a greater market share. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the cannabis testing market. The report analyzes the cannabis testing market by product & software, service, end user, and region.
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the global cannabis testing market.
  • Market Development: Comprehensive information about the cannabis testing market across countries.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global cannabis testing market.
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FEATURED COMPANIES

  • Digipath, Inc.
  • Perkinelmer, Inc.
  • Pharmlabs LLC
  • Restek Corporation
  • Shimadzu Corporation
  • Waters Corporation
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Market Size Estimation
2.2 Market Breakdown and Data Triangulation
2.3 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Cannabis Testing Market Overview
4.2 Cannabis Testing Market, By Product
4.3 Cannabis Testing Products Market, By Type of Analytical Instrument
4.4 Cannabis Testing Products Market, By Type of Consumable
4.5 Cannabis Testing Services Market
4.6 Cannabis Testing Market: Geographic Snapshot

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Legalization of Medical Cannabis Coupled With the Growing Number of Cannabis Testing Laboratories
5.2.1.2 Growing Adoption of LIMS in Cannabis Testing Laboratories
5.2.1.3 Increasing Awareness Through Conferences, Symposia, and Workshops
5.2.2 Market Restraints
5.2.2.1 High Cost of Analytical Instruments
5.2.2.2 Dearth of Trained Laboratory Professionals
5.2.3 Market Opportunities
5.2.3.1 Emerging Markets in Latam and MEA
5.2.3.2 Mergers & Acquisitions
5.2.4 Market Challenges
5.2.4.1 High Startup Cost for Cannabis Testing Laboratories
5.2.4.2 Lack of Industry Standards for Cannabis Testing in the U.S.

6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Focus of Key Market Players (Instrument Providers) on Expanding Their Geographic Presence
6.2.2 Growth in Funding for Cannabis Testing Laboratories
6.3 Regulatory Analysis
6.3.1 North America
6.3.1.1 U.S.
6.3.1.2 Canada
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Latam & MEA

7 Cannabis Testing Market, By Product and Software
7.1 Introduction
7.2 Cannabis Testing Products
7.2.1 Analytical Instruments
7.2.1.1 Chromatography Instruments
7.2.1.1.1 Liquid Chromatography
7.2.1.1.2 Gas Chromatography
7.2.1.1.3 Other Chromatography Instruments
7.2.1.2 Spectroscopy Instruments
7.2.1.2.1 Mass Spectrometry Instruments
7.2.1.2.2 Atomic Spectroscopy Instruments
7.2.1.3 Other Analytical Instruments
7.2.2 Consumables
7.2.2.1 Chromatography Columns
7.2.2.2 Standards and CRMS
7.2.2.3 Sample Preparation Products
7.2.2.4 Supplies and Accessories
7.3 Cannabis Testing Software

8 Cannabis Testing Services Market, By Type
8.1 Introduction
8.1.1 Potency Testing
8.1.2 Terpene Profiling
8.1.3 Residual Solvent Screening
8.1.4 Microbial Analysis
8.1.5 Pesticide Screening
8.1.6 Heavy Metal Testing
8.1.7 Genetic Testing

9 Cannabis Testing Market,By End User
9.1 Introduction
9.2 Product & Software
9.2.1 Laboratories
9.2.1.1 Small-Scale Laboratories
9.2.1.2 Medium-Scale Laboratories
9.2.1.3 Large-Scale Laboratories
9.2.2 Research Institutions
9.3 Services
9.3.1 Cannabis Drug Manufacturers & Dispensaries
9.3.2 Cannabis Cultivators/Growers

10 Cannabis Testing Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.4 Latam & MEA
10.5 Asia-Pacific (APAC)

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis, By Key Player
11.3 Competitive Situations and Trends
11.3.1 Product Launches & Approvals
11.3.2 Expansions & Investments
11.3.3 Partnerships, Agreements, & Collaborations
11.3.4 Mergers & Acquisitions

12 Company Profiles
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View) -
12.1 Introduction
12.2 Agilent Technologies, Inc.
12.3 Shimadzu Corporation
12.4 Millipore Sigma (A Life Science Segment of Merck KGaA)
12.5 Restek Corporation
12.6 Perkinelmer, Inc.
12.7 AB Sciex LLC (A Subsidiary of Danaher Corporation)
12.8 Waters Corporation
12.9 Accelerated Technology Laboratories, Inc.
12.10 Steep Hill Halent Laboratories, Inc.
12.11 Digipath, Inc.
12.12 SC (Science of Cannabis) Laboratories, Inc.
12.13 Pharmlabs LLC

- Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Other Developments
13.4 Knowledge Store
13.5 Introducing RT: Real-Time Market Intelligence
13.6 Available Customizations
13.7 Related Reports
13.8 Author Details

List of Tables

Table 1 Recent Conferences, Symposia, and Workshops
Table 2 Recent Expansions By Key Players (Instrument Providers)
Table 3 Funding Initiatives for Cannabis Testing Laboratories
Table 4 U.S.: Cannabis Law Status, By State
Table 5 Canada: Medical Cannabis Laws
Table 6 Europe: Medical Cannabis Laws, By Country
Table 7 Asia-Pacific:Medical Cannabis Laws,By Country
Table 8 Latam & MEA : Medical Cannabis Laws,By Country/Region
Table 9 Cannabis Testing Products & Software Market Size,By Type, 2014-2021 (USD Million)
Table 10 Cannabis Testing Products Market Size, By Type, 2014-2021 (USD Million)
Table 11 Cannabis Testing Products Market Size, By Region, 2014-2021 (USD Million)
Table 12 North America: Cannabis Testing Products Market Size, By Country, 2014-2021 (USD Million)
Table 13 Cannabis Testing Analytical Instruments Market Size,By Type, 2014-2021(USD Million)
Table 14 Cannabis Testing Analytical Instruments Market Size, By Region, 2014-2021 (USD Million)
Table 15 North America: Cannabis Testing Analytical Instruments Market Size, By Country, 2014-2021 (USD Million)
Table 16 Cannabis Testing Chromatography Instruments Market Size, By Region, 2014-2021 (USD Million)
Table 17 North America: Cannabis Testing Chromatography Instruments Market Size, By Country, 2014-2021 (USD Million)
Table 18 Chromatography Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 19 Liquid Chromatography System Differentiation
Table 20 Recent New Product Launches
Table 21 Commercially Available Liquid Chromatography Systems
Table 22 Liquid Chromatography Instruments Market Size,By Region, 2014-2021 (USD Million)
Table 23 North America: Liquid Chromatography Market Size, By Region, 2014-2021 (USD Million)
Table 24 Commercially Available Gas Chromatography Systems
Table 25 Gas Chromatography Instruments Market Size, By Region, 2014-2021 (USD Million)
Table 26 North America: Gas Chromatography Instruments Market Size, By Country, 2014-2021 (USD Million)
Table 27 Other Chromatography Instruments Market Size, By Region, 2014-2021 (USD Million)
Table 28 North America: Other Chromatography Instruments Market Size, By Country, 2014-2021 (USD Million)
Table 29 Spectroscopy Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 30 Spectroscopy Instruments Market Size, By Region, 2014-2021 (USD Million)
Table 31 North America: Spectroscopy Instruments Market Size, By Country, 2014-2021 (USD Million)
Table 32 Product Launches (2013-2016)
Table 33 Commercially Available Mass Spectrometers
Table 34 Mass Spectrometry Instruments Market Size, By Region, 2014-2021 (USD Million)
Table 35 North America: Mass Spectrometry Instruments Market Size, By Country, 2014-2021 (USD Million)
Table 36 Commercially Available Atomic Spectroscopy Instruments
Table 37 Atomic Spectroscopy Instruments Market Size, By Region, 2014-2021 (USD Million)
Table 38 North America: Atomic Spectroscopy Instruments Market Size, By Country, 2014-2021 (USD Million)
Table 39 Other Analytical Instruments Market Size, By Region, 2014-2021 (USD Million)
Table 40 North America: Other Analytical Instruments Market Size, By Country, 2014-2021 (USD Million)
Table 41 Cannabis Testing Consumables Market Size, By Type, 2014-2021 (USD Million)
Table 42 Commercially Available Chromatography Columns for Cannabis Testing
Table 43 Chromatography Columns Market Size, By Region, 2014-2021 (USD Million)
Table 44 North America: Chromatography Columns Market Size, By Country, 2014-2021 (USD Million)
Table 45 Standards and CRMS Market Size, By Region, 2014-2021 (USD Million)
Table 46 North America: Standards and CRMS Market Size, By Country, 2014-2021 (USD Million)
Table 47 Sample Preparation Products Market Size, By Region, 2014-2021 (USD Million)
Table 48 North America: Sample Preparation Products Market Size, By Country, 2014-2021 (USD Million)
Table 49 Supplies and Accessories Market Size, By Region, 2014-2021 (USD Million)
Table 50 North America: Supplies and Accessories Market Size, By Country, 2014-2021 (USD Million)
Table 51 Cannabis Testing Software Market Size, By Region, 2014-2021 (USD Million)
Table 52 North America: Cannabis Testing Software Market Size, By Country, 2014-2021 (USD Million)
Table 53 Cannabis Testing Services Market Size, By Type, 2014-2021 (USD Million)
Table 54 Commercially Available Analytical Instruments for Potency Testing
Table 55 Potency Testing Services Market Size, By Region, 2014-2021 (USD Million)
Table 56 North America:Potency Testing Services Market Size, By Country, 2014-2021 (USD Million)
Table 57 Commercially Available Instruments for Terpene Profiling
Table 58 Terpene Profiling Services Market Size, By Region, 2014-2021 (USD Million)
Table 59 North America: Terpene Profiling Services Market Size, By Country, 2014-2021 (USD Million)
Table 60 Residual Solvent Screening Services Market Size, By Region, 2014-2021 (USD Million)
Table 61 North America: Residual Solvent Screening Market Size, By Country, 2014-2021 (USD Million)
Table 62 Microbial Analysis Services Market Size, By Region, 2014-2021 (USD Million)
Table 63 North America: Microbial Analysis Market Size, By Country, 2014-2021 (USD Million)
Table 64 Commercially Available Products for Pesticide Screening
Table 65 Pesticide Screening Services Market Size, By Region, 2014-2021 (USD Million)
Table 66 North America: Pesticide Screening Market Size, By Country, 2014-2021 (USD Million)
Table 67 Commercially Available Instruments for Heavy Metal Testing
Table 68 Heavy Metal Testing Services Market Size, By Region, 2014-2021 (USD Million)
Table 69 North America: Heavy Metal Testing Services Market Size, By Country, 2014-2021 (USD Million)
Table 70 Genetic Testing Services Market Size, By Region, 2014-2021 (USD Million)
Table 71 North America: Genetic Testing Services Market Size, By Country, 2014-2021 (USD Million)
Table 72 Cannabis Testing Products & Software Market Size, By End User, 2014-2021 (USD Million)
Table 73 Cannabis Testing Laboratories Market Size, By Region, 2014- 2021 (USD Million)
Table 74 North America: Cannabis Testing Laboratories Market Size, By Country, 2014-2021 (USD Million)
Table 75 Cannabis Testing Laboratories Market Size, By Type, 2014-201 (USD Million)
Table 76 Small-Scale Laboratories Market Size, By Region, 2014-2021 (USD Million)
Table 77 North America: Small-Scale Laboratories Market Size, By Country, 2014-2021 (USD Million)
Table 78 Medium-Scale Laboratories Market Size, By Region, 2014-2021 (USD Million)
Table 79 North America: Medium-Scale Laboratories Market Size, By Country, 2014-2021 (USD Million)
Table 80 North America: Large-Scale Laboratories Market Size, By Country, 2014-2021 (USD Million)
Table 81 North America: Large-Scale Laboratories Market Size, By Country, 2014-2021 (USD Million)
Table 82 North America: Research Institutes Market Size, By Country, 2014-2021 (USD Million)
Table 83 North America: Research Institutes Market Size, By Country, 2014-2021 (USD Million)
Table 84 Cannabis Testing Services Market, By End User, 2014-2021 (USD Million)
Table 85 Cannabis Drug Manufacturers and Dispensaries Market Size, By Region, 2014-2021 (USD Million)
Table 86 North America: Cannabis Drug Manufacturers and Dispensaries Market Size, By Country, 2014-2021 (USD Million)
Table 87 Cannabis Cultivators/Growers Market Size, By Region, 2014-2021 (USD Million)
Table 88 North America: Cannabis Cultivators Market Size, By Country, 2014-2021(USD Million)
Table 89 Global Cannabis Testing Market Size, By Region, 2014-2021 (USD Million)
Table 90 North America:Market Size, By Country, 2014-2021 (USD Million)
Table 91 North America: Market Size, By Component, 2014-2021 (USD Million)
Table 92 North America: Cannabis Testing Products Market Size, By Type, 2014-2021 (USD Million)
Table 93 North America: Cannabis Testing Analytical Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 94 North America: Chromatography Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 95 North America: Spectroscopy Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 96 North America: Cannabis Testing Consumables Market Size, By Type, 2014-2021 (USD Million)
Table 97 North America: Cannabis Testing Services Market Size,By Type, 2014-2021 (USD Million)
Table 98 North America:Cannabis Testing Products & Software Market Size, By End User, 2014-2021 (USD Million)
Table 99 North America: Cannabis Testing Laboratories Market Size, By Type, 2014-2021 (USD Million)
Table 100 North America:Cannabis Testing Services Market Size, By End User, 2014-2021 (USD Million)
Table 101 U.S.: Market Size, By Component, 2014-2021 (USD Million)
Table 102 U.S.: Cannabis Testing Products Market Size, By Type, 2014-2021 (USD Million)
Table 103 U.S.: Cannabis Testing Analytical Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 104 U.S.: Chromatography Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 105 U.S.: Spectroscopy Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 106 U.S.:Cannabis Testing Consumables Market Size,By Type, 2014-2021 (USD Million)
Table 107 U.S.: Cannabis Testing Services Market Size, By Type, 2014-2021 (USD Million)
Table 108 U.S.: Cannabis Testing Products & Software Market Size, By End User, 2014-2021 (USD Million)
Table 109 U.S.: Cannabis Testing Laboratories Market Size, By Type, 2014-2021 (USD Million)
Table 110 U.S.: Cannabis Testing Services Market Size, By End User, 2014-2021 (USD Million)
Table 111 Canada: Market Size, By Component, 2014-2021 (USD Million)
Table 112 Canada: Cannabis Testing Products Market Size,By Type, 2014-2021 (USD Million)
Table 113 Canada: Cannabis Testing Analytical Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 114 Canada: Chromatography Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 115 Canada: Spectroscopy Instruments Market Size,By Type, 2014-2021 (USD Million)
Table 116 Canada: Cannabis Testing Consumables Market Size, By Type, 2014-2021 (USD Million)
Table 117 Canada: Cannabis Testing Services Market Size, By Type, 2014-2021 (USD Million)
Table 118 Canada: Cannabis Testing Products & Software Market Size, By End User, 2014-2021 (USD Million)
Table 119 Canada: Laboratories Market Size,By Type, 2014-2021 (USD Million)
Table 120 Canada: Cannabis Testing Services Market Size, By End User, 2014-2021 (USD Million)
Table 121 Europe: Cannabis Testing Market Size, By Component, 2014-2021 (USD Million)
Table 122 Europe: Cannabis Testing Products Market Size, By Type, 2014-2021 (USD Million)
Table 123 Europe: Cannabis Testing Analytical Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 124 Europe: Chromatography Instruments Market Size,By Type, 2014-2021 (USD Million)
Table 125 Europe: Spectroscopy Instruments Market Size, By Type, 2014-2021 (USD Million)
Table 126 Europe: Cannabis Testing Consumables Market Size, By Type, 2014-2021 (USD Million)
Table 127 Europe: Cannabis Testing Services Market Size, By Type, 2014-2021 (USD Million)
Table 128 Europe: Cannabis Testing Products & Software Market Size, By End User, 2014-2021 (USD Million)
Table 129 Europe: Cannabis Testing Laboratories Market Size, By Type, 2014-2021 (USD Million)
Table 130 Europe: Cannabis Testing Services Market Size, By End User, 2014-2021 (USD Million)
Table 131 Latam & MEA : Market Size, By Component, 2014-2021 (USD Thousand)
Table 132 Latam & MEA : Cannabis Testing Products Market Size, By Type, 2014-2021 (USD Thousand)
Table 133 Latam & MEA : Cannabis Testing Analytical Instruments Market Size, By Type, 2014-2021 (USD Thousand)
Table 134 Latam & MEA : Chromatography Instruments Market Size, By Type, 2014-2021 (USD Thousand)
Table 135 Latam & MEA : Spectroscopy Instruments Market Size, By Type, 2014-2021 (USD Thousand)
Table 136 Latam & MEA : Cannabis Testing Consumables Market Size, By Type, 2014-2021 (USD Thousand)
Table 137 Latam & MEA : Cannabis Testing Services Market Size, By Type, 2014-2021 (USD Thousand)
Table 138 Latam & MEA : Cannabis Testing Products & Software Market Size, By End User, 2014-2021 (USD Thousand)
Table 139 Latam: Cannabis Testing Laboratories Market Size, By Type, 2014-2021 (USD Thousand)
Table 140 Latam & MEA : Cannabis Testing Services Market Size, By End User, 2014-2021 (USD Thousand)
Table 141 APAC: Market Size, By Component, 2014-2021 (USD Thousand)
Table 142 APAC: Cannabis Testing Products Market Size, By Type, 2014-2021 (USD Thousand)
Table 143 APAC: Cannabis Testing Analytical Instruments Market Size, By Type, 2014-2021 (USD Thousand)
Table 144 APAC: Chromatography Instruments Market Size, By Type, 2014-2021 (USD Thousand)
Table 145 APAC: Spectroscopy Instruments Market Size, By Type, 2014-2021 (USD Thousand)
Table 146 APAC: Cannabis Testing Consumables Market Size, By Type, 2014-2021 (USD Thousand)
Table 147 APAC: Cannabis Testing Services Market Size,By Type, 2014-2021 (USD Thousand)
Table 148 APAC: Cannabis Testing Products & Software Market Size, By End User, 2014-2021 (USD Thousand)
Table 149 APAC: Cannabis Testing Laboratories Market Size, By Type, 2014-2021 (USD Thousand)
Table 150 APAC: Cannabis Testing Services Market Size, By End User, 2014-2021 (USD Thousand)
Table 151 Analytical Instruments Market Ranking (2016), By Key Player
Table 152 Market Ranking (2016) By Key Player: Software Market (Cannabis LIMS) in the U.S.
Table 153 Market Ranking (2016) By Key Player: Cannabis Testing Services Market
Table 154 Product Launches & Approvals
Table 155 Expansions & Investments
Table 156 Partnerships, Agreements, & Collaborations
Table 157 Mergers & Acquisitions
Table 158 Other Strategies (2013–2016)
Table 159 Exchange Rates (Utilized for Conversion of Yen to USD)
Table 160 Exchange Rates (Utilized for Conversion of Euro to USD)

List of Figures

Figure 1 Cannabis Testing Market Segmentation
Figure 2 Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach (Product & Software)
Figure 4 Market Size Estimation:Bottom-Up Approach (Services Market)
Figure 5 Market Size Estimation: Top Down Approach (Cannabis Testing End User Market)
Figure 6 Breakdown of Primary Interviews:By Company Type,Designation,And Region
Figure 7 Data Triangulation Methodology
Figure 8 Key Data From Secondary Sources
Figure 9 Key Data Points From Primary Sources
Figure 10 Key Industry Insights
Figure 11 Cannabis Testing Services to Offer Significant Growth Opportunities
Figure 12 Consumables to Witness Highest Growth During the Forecast Period
Figure 13 Potency Testing to Dominate the Cannabis Testing Services Market During the Forecast Period
Figure 14 Laboratories to Witness High Growth During the Forecast Period
Figure 15 Cannabis Drug Manufacturers and Dispensaries to Grow at the Highest Rate During the Forecast Period (2016–2021)
Figure 16 North America to Witness Highest Growth During the Forecast Period
Figure 17 Legalization of Medical Cannabis to Drive Market Growth During the Forecast Period
Figure 18 Analytical Instruments Accounted for the Largest Market Share in 2016
Figure 19 Chromatography Instruments to Witness Highest Growth From 2016 to 2021
Figure 20 Chromatography Columns Dominated the Market in 2016
Figure 21 Potency Testing to Witness Highest Growth in the Forecast Period (2016–2021)
Figure 22 The U.S. to Witness Highest Growth During the Forecast Period
Figure 23 Market Drivers, Restraints, Opportunities, and Challenges
Figure 24 Cannabis Testing Products & Software Market Snapshot, 2016 vs 2021
Figure 25 Analytical Instruments to Dominate Cannabis Testing Products Market, By Type, in 2016
Figure 26 Chromatography Instruments to Witness High Growth During the Forecast Period
Figure 27 Liquid Chromatography Instruments to Dominate the Chromatography Market, By Type, in 2016
Figure 28 Mass Spectrometry Instruments to Dominate the Spectroscopy Instruments Market, By Type, in 2016
Figure 29 Chromatography Columns Segment Dominates the Consumables Market During the Forecast Period
Figure 30 Pesticide Screening Holds the Largest Share of the Cannabis Testing Services Market During the Forecast Period
Figure 31 Market Segmentation: Cannabis Testing Market, By End User
Figure 32 Laboratories to Witness Highest Growth in the Forecast Period
Figure 33 Drug Manufacturers and Dispensaries to Dominate the Services Market, By End User, During 2016-2021
Figure 34 North America to Dominate the Cannabis Testing Market During the Forecast Period
Figure 35 North America: Cannabis Testing Market Snapshot (2016)
Figure 36 Europe: Market Snapshot (2016)
Figure 37 Latam & MEA : Cannabis Testing Market Snapshot (2016)
Figure 38 APAC: Cannabis Testing Market Snapshot (2016)
Figure 39 Key Players Adopted Organic Growth Strategies Between 2013 and 2016
Figure 40 Market Evolution Framework
Figure 41 Battle for Market Share: Product Launches & Approvals Was the Key Strategy Adopted By the Market Players
Figure 42 Product Benchmarking for Key Players in the Cannabis Testing Market
Figure 43 Agilent Technologies, Inc.: Company Snapshot (2015)
Figure 44 Shimadzu Corporation: Company Snapshot (2016)
Figure 45 Millipore Sigma: Company Snapshot (2015)
Figure 46 Perkinelmer, Inc.: Company Snapshot (2015)
Figure 47 Danaher Corporation: Company Snapshot (2015)
Figure 48 Waters Corporation: Company Snapshot (2015)
Figure 49 Digipath, Inc.: Company Snapshot (2016)

Note: Product cover images may vary from those shown
4 of 5

FEATURED COMPANIES

  • Digipath, Inc.
  • Perkinelmer, Inc.
  • Pharmlabs LLC
  • Restek Corporation
  • Shimadzu Corporation
  • Waters Corporation
  • MORE

The global cannabis testing market is expected to reach USD 1,416.3 Million by 2021 from USD 822.0 Million in 2016, at a CAGR of 11.5% during the forecast period (2016–2021). The growth in this market is mainly driven by factors such as legalization of medical cannabis, coupled with the growing number of cannabis testing laboratories (specifically in the U.S.); growing adoption of LIMS in cannabis testing laboratories; and increasing awareness through conferences, symposia, and workshops. On the other hand, the high cost of analytical instruments, presence of alternative technologies, and dearth of skilled professionals are some of the major factors that are expected to restrain the growth of this market in the coming years.

This report segments the cannabis testing market into cannabis testing products (analytical instruments and consumables) & software (Cannabis LIMS), cannabis testing services, end users, and regions. On the basis of products, the market is broadly categorized into two segments, namely, analytical instruments and consumables. The consumables segment is expected to grow at the highest CAGR during the forecast period owing to their recurring requirement and repetitive usage.

The cannabis testing services market (services offered by cannabis testing laboratories) is segmented into potency testing, terpene profiling, pesticide screening, residual solvent screening, heavy metal testing, microbial analysis, and genetic testing. The potency testing segment accounted for the largest share in 2016 and also expected to grow at the highest CAGR during the forecast period as a majority of the end users primarily test their cannabis plants for cannabinoids and look for evaluating the strength of cannabis and the effect it will have on medical marijuana users.

On the basis of end user, the cannabis testing products & software market is further segmented into laboratories and research institutes. Laboratories are expected to register the highest CAGR during the forecast period. The high share of this segment is attributed to the increasing demand for cannabis testing products and software among labs. This is particularly evident in the U.S., where the number of cannabis testing laboratories has grown due to the legalization of the use of cannabis in medicine, increasing expansion of leading cannabis testing laboratories, and growing availability of technologically advanced analytical instruments and software (LIMS) for the cannabis industry.

On the basis of end user, the cannabis testing services market is further segmented into cannabis testing drug manufacturers & dispensaries and cannabis cultivators. In 2016, cannabis drug manufacturers & dispensaries accounted for the largest share of the cannabis testing services market. The growth of this market segment is mainly driven by regulatory guidelines mandating cannabis testing.

The market is dominated by North America, followed by Europe, LATAM & MEA, and Asia-Pacific. North America dominated the market in 2016 and is also poised to grow at the highest CAGR during the forecast period. Factors such as the growing legalization of cannabis for medical use, rapid growth in the number of cannabis testing laboratories, the presence of prominent players in this region, growing awareness regarding medical cannabis, and rising funding for the cannabis industry are some key factors driving market growth in this region.

Cannabis testing is a highly competitive and evolving industry with the presence of various well-established as well as emerging players in the market. Shimadzu Corporation (Japan), Agilent Technologies (U.S.), PerkinElmer, Inc. (U.S.), Millipore Sigma (U.S.), AB Sciex LLC (a Danaher Company) (U.S.), Restek Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Waters Corporation (U.S.), Fritsch Milling (U.S.), Accelerated Technology Laboratories (U.S.), CannaSys, Inc. (U.S.), PharmLabs, LLC (U.S.), Guardian Data Systems, Inc. (U.S.), and Lab Lynx, Inc. (U.S.) are some of the prominent players operating in the cannabis products & software market. On the other hand, Steep Hill Halent Laboratories, (U.S.), DigiPath, Inc. (U.S.), SC Laboratories (U.S.), CannaSafe Analytics (U.S.), and CW Analytical Laboratories (U.S.) are some of leading players operating in the cannabis testing services market.

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  • AB Sciex LLC (A Subsidiary of Danaher Corporation)
  • Accelerated Technology Laboratories, Inc.
  • Agilent Technologies, Inc.
  • Digipath, Inc.
  • Millipore Sigma (A Life Science Segment of Merck KGaA)
  • Perkinelmer, Inc.
  • Pharmlabs LLC
  • Restek Corporation
  • SC (Science of Cannabis) Laboratories, Inc.
  • Shimadzu Corporation
  • Steep Hill Halent Laboratories, Inc.
  • Waters Corporation
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