Cannabis Testing Global Market Report 2022: Market Size, Trends And Forecast To 2026
The Business Research Company’s Cannabis Testing Global Market Report 2022: Market Size, Trends And Forecast To 2026
LONDON, GREATER LONDON, UK, July 11, 2022 /EINPresswire.com/ -- According to ‘Cannabis Testing Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the cannabis testing market size is expected to grow to $3.88 billion in 2026 at a CAGR of 16.8%. The growing usage of cannabis as a medicinal product is expected to propel the cannabis testing market growth going forward.
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The cannabis testing market consists of sales of cannabis testing materials and technology by entities (organizations, sole traders, and partnerships) that are used in relieving stress, muscle pains, nausea, and vomiting. Cannabis refers to the analysis of an individual sample of cannabis that is examined to determine tetrahydrocannabinol, cannabidiol, and terpene levels as well as impurities such as residual solvents, mold, pests, disease, or pesticide residue.
Global Cannabis Testing Market Trends
According to the cannabis testing market overview, strategic partnerships have emerged as the key trend gaining popularity in the market. Major companies operating in the cannabis testing market are undergoing partnerships to strengthen their position. For instance, in November 2020, Shimadzu Scientific Instruments, a Japan-based manufacturer of cannabis testing instruments, partnered with McCann Testing, a US-based medical cannabis testing lab. Through this partnership, Shimadzu would supply MoCann with instruments and support MoCann testing efforts with training, method development, and maintenance. Moreover, in March 2022, Digipath Inc, a US-based cannabis testing laboratory, partnered with CASPR Technologies, a Nigeria-based provider of smart environmental indoor technology for healthcare. Through this partnership, Digipath will test and validate the efficacy of CASPR’s technology in botanical applications, specifically for cannabis and hemp.
Global Cannabis Testing Market Segments
By Test Type: Potency Testing, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Terpene Testing, Mycotoxin Testing, Others
By Technology: Chromatography, Spectroscopy, Others
By Portability: Standalone, Hand Held Devices
By End-User: Testing Laboratories, Drug Manufacturers, Research Institutes, Others
By Geography: The global cannabis testing market segmentation is divided into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest share.
Read more on the global cannabis testing market report here
https://www.thebusinessresearchcompany.com/report/cannabis-testing-global-market-report
Cannabis Testing Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides cannabis testing global market overviews, analyzes and forecasts market size and growth for the global cannabis testing market, cannabis testing market share, cannabis testing global market segments and geographies, cannabis testing market players, cannabis testing global market leading competitor revenues, profiles and market shares. The cannabis testing market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Cannabis Testing Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Agilent Technologies Inc, Shimadzu Corporation, DigiPath Inc, Steep Hill Inc, SC Laboratories, PharmLabs LLC, Waters Corporation, CW Analytical Laboratories Inc, PerkinElmer Inc, Restek Corporation, Ab Sciex LLC, Danaher Corporation, Praxis Labs, Phenomenex, and Anresco Labs.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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