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Cannabis Testing Market

Cannabis Testing Market

Cannabis Testing Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

157

Base Year:

2022

Date

Sep - 2023

Format:

PDF XLS PPT

Report Code:

VMR-VMR-2021-1097

Segments Covered
  • By Product By Product Instruments, Consumables , Software
  • By  Test By Test Potency Testing, Terpene Profiling, Residual Solvent Analysis, Microbial Analysis, Pesticide Screening, Heavy Metal Testing, Other Services
  • By Service By Service Cannabis Drug Manufacturers & Dispensaries, Cannabis Cultivators/Growers
  • By End user By End user Cannabis testing Laboratories , Research Institutes , Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 1.3 Billion
Revenue 2030Revenue 2030: USD 3.5 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 15.20%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst

Research Methodology: Cannabis Testing Market by Product by Test by Service by End user by Region - Global Market Assessment, 2021 - 2028

Secondary Research

Primary Research:

The later stage covers data validation and collection from primary research. The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Cannabis Testing supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:


  • Cannabis Testing market size at regional and country level
  • Key industry players and their market share and Cannabis Testing market-specific sales/revenue
  • Understanding of the Cannabis Testing supply chain and overall ecosystem

Data Triangulation and Market Size Estimations

After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Cannabis Testing market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market.  The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Cannabis Testing market. 

FAQ
Frequently Asked Question
  • The global Cannabis Testing valued at USD 1.3 Billion in 2022 and is expected to reach USD 3.5 Billion in 2030 growing at a CAGR of 15.20%.

  • The prominent players in the market are Agilent Technologies Inc., Shimadzu Scientific Instruments, Merck KGaA (Sigma Aldrich), Restek Corporation, PerkinElmer Inc., Danaher Corporation, Accelerated Technology Laboratories Inc., Steep Hill Halent Laboratories Inc., Digipath Inc., Pharmlabs LLC, Sartorius AG, AB Sciex Pte. Ltd.

  • The market is project to grow at a CAGR of 15.20% between 2023 and 2030.

  • The driving factors of the Cannabis Testing include

    • Legalization of Cannabis for Various Medical Purposes

  • North America was the leading regional segment of the Cannabis Testing in 2022.