The global cannabis testing market accounted to US$ 1,028.2 Mn in 2017 and is expected to grow at a CAGR of 11.9% during the forecast period 2018 – 2025, to account to US$ 2,486.7 Mn by 2025.
The market is driven by the legalization of the medical cannabis, for instance, United States is anticipated to be the main driving force of growth of use of medical cannabis. 30 states has legalized cannabis for the medical use. These 30 states comprises of 60% of total population and have approved use of medical marijuana. This has become the driving force for the growth of cannabis testing marked in the entire North America region. Currently more than 8000 active licenses for cannabis businesses in USA. It is the only country with such number of market players. Europe is another region which has shown a decent growth rate for cannabis testing market. There has been an increase in the process of legalization of cannabis in European countries. Thus, considering the facts the market is likely to drive the market.
The new and innovative report of the Cannabis Testing market research has been published by The Insight Partners to give desired insights to drive the growth of businesses. The report comprises the summarized data of the current scenario as well as predictions about the upcoming trends.
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Top Key Players:
- Agilent Technologies
- PerkinElmer, Inc.
- Shimadzu Corporation
- Merck KGaA
- Restek Corporation
- CannaSafe Analytics
- Accelerated Technology Laboratories, Inc.
- Digipath Labs.
Cannabis Testing Market By Type:
Cannabis Testing Market By Services:
- Potency Testing
- Terpene Profiling
- Pesticide Screening
- Residual Solvent Screening
- Heavy Metal Testing
- Microbial Analysis
Cannabis Testing Market By End User:
- Testing Laboratories
- Drug Manufacturers
- Research Institutes
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The report focuses on the effective strategies which enlists the different factors to determine the strategic planning for the industries. The author studies and elaborates the economic aspects of Cannabis Testing market, which, predicts the risk factors coming in front of the businesses.
The report provides valuable evidences, which states about the current statistics in terms of competition for sustainable development of the industries. It focuses on strategies which reflects the productivity in different regions like North America, Japan, Europe, China, and India to scale up the market.
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