NEW YORK, May 6, 2020 /PRNewswire/ -- 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.
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- 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, among others,
- 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
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
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
Market Analytics
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
Market Analytics
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
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