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Cannabis Testing - Market Analysis, Trends, and Forecasts

  • ID: 4804690
  • Report
  • 90 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • Ab Sciex
  • Agilent Technologies
  • Digipath
  • Merck Kgaa
  • Perkinelmer
  • Pharmlabs™ Llc.
  • MORE
Cannabis Testing market worldwide is projected to grow by US$982.6 Million, driven by a compounded growth of 10.6%. Products, one of the segments analyzed and sized in this study, displays the potential to grow at over 9.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.2 Billion by the year 2025, Products will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 12.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$44.7 Million to the region's size and clout in the next 5 to 6 years. Over US$45.5 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Products will reach a market size of US$90.9 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 10.2% over the next couple of years and add approximately US$168.1 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:
  • 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
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FEATURED COMPANIES

  • Ab Sciex
  • Agilent Technologies
  • Digipath
  • Merck Kgaa
  • Perkinelmer
  • Pharmlabs™ Llc.
  • MORE

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Cannabis Testing: An Essential Aspect of Legal Cannabis Industry

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

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

Global Competitor Market Shares

Cannabis Testing Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Cannabis Testing Labs Resort to Differentiation Strategy to Fight Competition

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

With the Number of Countries Legalizing Cannabis on the Rise, Expanding Legal Cannabis Market Drives Demand for Cannabis Testing

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

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

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Cannabis Testing Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025

TABLE 2: Cannabis Testing Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2009-2017

TABLE 3: Cannabis Testing Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Products (Products & Software) World Market by Region/Country in US$ Thousand: 2018 to 2025

TABLE 5: Products (Products & Software) Historic Market Analysis by Region/Country in US$ Thousand: 2009 to 2017

TABLE 6: Products (Products & Software) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: Software (Cannabis LIMS) (Products & Software) Potential Growth Markets Worldwide in US$ Thousand: 2018 to 2025

TABLE 8: Software (Cannabis LIMS) (Products & Software) Historic Market Perspective by Region/Country in US$ Thousand: 2009 to 2017

TABLE 9: Software (Cannabis LIMS) (Products & Software) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Cannabis Testing Market Share (in %) by Company: 2019 & 2025

Cannabis Testing Market: Poised for Growth

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

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: United States Cannabis Testing Market Estimates and Projections in US$ Thousand by Products & Software: 2018 to 2025

TABLE 11: Cannabis Testing Market in the United States by Products & Software: A Historic Review in US$ Thousand for 2009-2017

TABLE 12: United States Cannabis Testing Market Share Breakdown by Products & Software: 2009 VS 2019 VS 2025

CANADA

TABLE 13: Canadian Cannabis Testing Market Estimates and Forecasts in US$ Thousand by Products & Software: 2018 to 2025

TABLE 14: Canadian Cannabis Testing Historic Market Review by Products & Software in US$ Thousand: 2009-2017

TABLE 15: Cannabis Testing Market in Canada: Percentage Share Breakdown of Sales by Products & Software for 2009, 2019, and 2025

JAPAN

TABLE 16: Japanese Market for Cannabis Testing: Annual Sales Estimates and Projections in US$ Thousand by Products & Software for the Period 2018-2025

TABLE 17: Cannabis Testing Market in Japan: Historic Sales Analysis in US$ Thousand by Products & Software for the Period 2009-2017

TABLE 18: Japanese Cannabis Testing Market Share Analysis by Products & Software: 2009 VS 2019 VS 2025

CHINA

China’s Emerging Medicinal Cannabis Market: Testing Market to Benefit

TABLE 19: Chinese Cannabis Testing Market Growth Prospects in US$ Thousand by Products & Software for the Period 2018-2025

TABLE 20: Cannabis Testing Historic Market Analysis in China in US$ Thousand by Products & Software: 2009-2017

TABLE 21: Chinese Cannabis Testing Market by Products & Software: Percentage Breakdown of Sales for 2009, 2019, and 2025

EUROPE

Market Facts & Figures

European Cannabis Testing Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Booming Legal Cannabis Market Propels Demand for Cannabis Testing in Europe

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: European Cannabis Testing Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025

TABLE 23: Cannabis Testing Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2009-2017

TABLE 24: European Cannabis Testing Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 25: European Cannabis Testing Market Estimates and Forecasts in US$ Thousand by Products & Software: 2018-2025

TABLE 26: Cannabis Testing Market in Europe in US$ Thousand by Products & Software: A Historic Review for the Period 2009-2017

TABLE 27: European Cannabis Testing Market Share Breakdown by Products & Software: 2009 VS 2019 VS 2025

FRANCE

TABLE 28: Cannabis Testing Market in France by Products & Software: Estimates and Projections in US$ Thousand for the Period 2018-2025

TABLE 29: French Cannabis Testing Historic Market Scenario in US$ Thousand by Products & Software: 2009-2017

TABLE 30: French Cannabis Testing Market Share Analysis by Products & Software: 2009 VS 2019 VS 2025

GERMANY

As Europe’s Largest Medical Cannabis Market, Germany Holds Tremendous Potential for Cannabis Testing

German Cannabis Testing Market: Percentage Breakdown of Sales by Technology for 2019

TABLE 31: Cannabis Testing Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Products & Software for the Period 2018-2025

TABLE 32: German Cannabis Testing Historic Market Analysis in US$ Thousand by Products & Software: 2009-2017

TABLE 33: German Cannabis Testing Market Share Breakdown by Products & Software: 2009 VS 2019 VS 2025

ITALY

TABLE 34: Italian Cannabis Testing Market Growth Prospects in US$ Thousand by Products & Software for the Period 2018-2025

TABLE 35: Cannabis Testing Historic Market Analysis in Italy in US$ Thousand by Products & Software: 2009-2017

TABLE 36: Italian Cannabis Testing Market by Products & Software: Percentage Breakdown of Sales for 2009, 2019, and 2025

UNITED KINGDOM

TABLE 37: United Kingdom Market for Cannabis Testing: Annual Sales Estimates and Projections in US$ Thousand by Products & Software for the Period 2018-2025

TABLE 38: Cannabis Testing Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Products & Software for the Period 2009-2017

TABLE 39: United Kingdom Cannabis Testing Market Share Analysis by Products & Software: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 40: Rest of Europe Cannabis Testing Market Estimates and Forecasts in US$ Thousand by Products & Software: 2018-2025

TABLE 41: Cannabis Testing Market in Rest of Europe in US$ Thousand by Products & Software: A Historic Review for the Period 2009-2017

TABLE 42: Rest of Europe Cannabis Testing Market Share Breakdown by Products & Software: 2009 VS 2019 VS 2025

ASIA-PACIFIC

Cannabis Legalization Bodes Well for Cannabis Testing Market in Asia-Pacific

Growing Medical Cannabis Market: A Tremendous Opportunity for Cannabis Testing Market

Legal Status of Medical Cannabis in Select Asian Countries

TABLE 43: Cannabis Testing Market in Asia-Pacific by Products & Software: Estimates and Projections in US$ Thousand for the Period 2018-2025

TABLE 44: Asia-Pacific Cannabis Testing Historic Market Scenario in US$ Thousand by Products & Software: 2009-2017

TABLE 45: Asia-Pacific Cannabis Testing Market Share Analysis by Products & Software: 2009 VS 2019 VS 2025

REST OF WORLD

High Growth Potential for Medical Cannabis in Latin America to Prove Promising for Cannabis Testing Market

Legal Cannabis Market Value in $ Billion in Latin America for the Years 2019, 2021, 2023 and 2025

TABLE 46: Rest of World Cannabis Testing Market Estimates and Forecasts in US$ Thousand by Products & Software: 2018 to 2025

TABLE 47: Rest of World Cannabis Testing Historic Market Review by Products & Software in US$ Thousand: 2009-2017

TABLE 48: Cannabis Testing Market in Rest of World: Percentage Share Breakdown of Sales by Products & Software for 2009, 2019, and 2025

IV. COMPETITION

AB SCIEX

ACCELERATED TECHNOLOGY LABORATORIES, INC.

AGILENT TECHNOLOGIES

DIGIPATH

MERCK KGAA

PERKINELMER

PHARMLABS™ LLC.

RESTEK CORPORATION

SC LABORATORIES, INC.

SHIMADZU CORPORATION

STEEP HILL LABS

WATERS CORPORATION

V. CURATED RESEARCH

Note: Product cover images may vary from those shown
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  • Ab Sciex
  • Accelerated Technology Laboratories, Inc.
  • Agilent Technologies
  • Digipath
  • Merck Kgaa
  • Perkinelmer
  • Pharmlabs™ Llc.
  • Restek Corporation
  • Sc Laboratories, Inc.
  • Shimadzu Corporation
  • Steep Hill Labs
  • Waters Corporation
Note: Product cover images may vary from those shown
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