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Cannabis Testing - Global Market Trajectory & Analytics

  • ID: 4804690
  • Report
  • April 2021
  • Region: Global
  • 130 pages
  • Global Industry Analysts, Inc
Global Cannabis Testing Market to Reach $2 Billion by 2027

Amid the COVID-19 crisis, the global market for Cannabis Testing estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 9.6% over the period 2020-2027. Products, one of the segments analyzed in the report, is projected to record 8.7% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software (Cannabis LIMS) segment is readjusted to a revised 11.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $314.2 Million, While China is Forecast to Grow at 9% CAGR

The Cannabis Testing market in the U.S. is estimated at US$314.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$349.5 Million by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.7% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR.

Select Competitors (Total 46 Featured):
  • PerkinElmer, Inc.
  • PharmLabs LLC.
  • Restek Corporation
  • SC Laboratories, Inc.
  • Shimadzu Corporation
  • Steep Hill Labs, Inc
  • Waters Corporation
  • AB Sciex LLC
  • Accelerated Technology Laboratories, Inc.
  • Agilent Technologies, Inc.
  • Digipath Inc.
  • Merck KGaA
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Cannabis Testing: An Essential Aspect of Legal Cannabis Industry
  • Exhibit 1: Global Cannabis Testing Market: Percentage Breakdown of Sales by Products for 2019
  • Chromatography: The Most Common Type of Technology in Use for Cannabis Testing
  • Potency Testing Leads the Global Cannabis Testing Market
  • Laboratories End-Use Segment Captures the Maximum Share of Market
  • Exhibit 2: Global Cannabis Testing Market: Percentage Breakdown of Sales by End-User for 2019 and 2025
  • US Emerges as the Largest Regional Market for Cannabis Testing
  • Impact of Covid-19 and a Looming Global Recession
  • With the Number of Countries Legalizing Cannabis on the Rise, Expanding Legal Cannabis Market Drives Demand for Cannabis Testing
  • Exhibit 3: Global Market for Legal Marijuana in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Growing Use of Cannabis for Treatment of Serious Medical Conditions Drives Demand for Cannabis Testing to Assess Product Quality
  • List of Countries Where Medical Marijuana is Legal
  • Exhibit 4: Global Legal Medical Marijuana Market: Percentage Breakdown of Revenues by Application for 2019
  • Legalization of Recreational Cannabis: Growth Prospects for Cannabis Testing
  • Advent of Luxury Cannabis Products Fuels Need for Cannabis Testing
  • Increasing Use of LIMS in Cannabis Testing Labs: A Major Area of Growth
  • Cloud-enabled LIMS Systems Reduce Manual Workloads and Improve Lab Productivity
  • LIMS Systems and Software Enable Automated Cannabis Testing Processes
  • Managing Cannabis Testing Workflows with LIMS System
  • Cannabis Testing Labs Use LIMS Systems to Achieve ISO 17025 Compliance
  • Rising Significance of Chromatography in Cannabis Testing
  • Increase in Cannabis Testing Labs and Awareness Programs to Educate People in Developed Economies: A Major Growth Opportunity
  • List of Cannabis Testing Labs in Select Countries/US States
  • An Insight into Automated Cannabis Testing Market
  • Focus on R&D Development and Need for Cannabis Testing Labs Drives Growth
  • Challenges Confronting Cannabis Testing Market
  • Lack of Standardization for Cannabis Testing
  • Compliance Challenges Plague Cannabis Testing Space
  • High Investments to Set Up Testing Labs and High Cost of Analytical Instruments & Tests
  • Shortage of Trained Lab Professionals for Cannabis Testing
  • Innovations, Advantages & Research Studies
  • Improving Efficiency of Cannabis Product Testing
  • UBC Researchers Develop New Method to Measure Phytocannabinoids
  • Development of SuiTable Sample Prep Techniques for Cannabis Testing Market
  • Gemmacert Develops Home Kit for Cannabis Testing
  • PRODUCT OVERVIEW
  • What is Cannabis?
  • Cannabis Testing
  • Cannabis Product Testing
  • Cannabis Drug Testing
  • Table 1: World Current & Future Analysis for Cannabis Testing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Cannabis Testing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Cannabis Testing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
  • Table 4: World Current & Future Analysis for Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 7: World Current & Future Analysis for Software (Cannabis LIMS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Software (Cannabis LIMS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Software (Cannabis LIMS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
  • Cannabis Testing Market: Poised for Growth
  • Exhibit 5: Cannabis Testing Market in the US: Percentage Breakdown of Sales by Technology for 2019 and 2025
  • Surging Market for Legal Cannabis Drives Demand for Cannabis Testing in the US
  • Exhibit 6: Legal Marijuana Market in the US: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
  • With Legalization of Cannabis, Employers and Companies in a Dilemma over Employee Testing
  • Continuous Increase in Failure Rates Drives Need for Cannabis Testing
  • Lack of Standard Rules and Regulations Presents a Challenge for Cannabis Testing Market
  • Weak Testing Systems and Labs Impact Market Growth
  • Tight Job Market Compels Companies to Not Undertake Cannabis Testing for Employees
  • Los Angeles Home to Growing Number of Cannabis Testing Facilities
  • Table 10: USA Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 11: USA Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: USA 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • Table 13: Canada Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 14: Canada Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: Canada 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • Table 16: Japan Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 17: Japan Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: Japan 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • China’s Emerging Medicinal Cannabis Market: Testing Market to Benefit
  • Table 19: China Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 20: China Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: China 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • Booming Legal Cannabis Market Propels Demand for Cannabis Testing in Europe
  • Exhibit 7: European Cannabis Market: Breakdown of Projected Market Value by Medicinal and Recreational Cannabis Segments for 2028
  • Potential Role in Clinical Applications to Drive Market Growth
  • Lack of Regulatory Standards Compels NGOs to Take Up Testing
  • Table 22: Europe Current & Future Analysis for Cannabis Testing by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: Europe Historic Review for Cannabis Testing by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: Europe 15-Year Perspective for Cannabis Testing by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
  • Table 25: Europe Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 26: Europe Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: Europe 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • Table 28: France Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 29: France Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 30: France 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • As Europe’s Largest Medical Cannabis Market, Germany Holds Tremendous Potential for Cannabis Testing
  • Exhibit 8: German Cannabis Testing Market: Percentage Breakdown of Sales by Technology for 2019
  • Table 31: Germany Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 32: Germany Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 33: Germany 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • Table 34: Italy Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 35: Italy Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 36: Italy 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • Table 37: UK Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 38: UK Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 39: UK 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • Table 40: Rest of Europe Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 41: Rest of Europe Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 42: Rest of Europe 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • Cannabis Legalization Bodes Well for Cannabis Testing Market in Asia-Pacific
  • Growing Medical Cannabis Market: A Tremendous Opportunity for Cannabis Testing Market
  • Exhibit 9: Legal Status of Medical Cannabis in Select Asian Countries
  • Table 43: Asia-Pacific Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 44: Asia-Pacific Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 45: Asia-Pacific 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
  • High Growth Potential for Medical Cannabis in Latin America to Prove Promising for Cannabis Testing Market
  • Exhibit 10: Legal Cannabis Market Value in $ Billion in Latin America for the Years 2019, 2021, 2023 and 2025
  • Table 46: Rest of World Current & Future Analysis for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 47: Rest of World Historic Review for Cannabis Testing by Products & Software - Products and Software (Cannabis LIMS) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 48: Rest of World 15-Year Perspective for Cannabis Testing by Products & Software - Percentage Breakdown of Value Sales for Products and Software (Cannabis LIMS) for the Years 2012, 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
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