GLOBAL CANNABIS TESTING MARKET FORECAST 2019-2027

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GLOBAL CANNABIS TESTING MARKET FORECAST 2019-2027

Cannabis is a drug which is psychoactive and is primarily for medicinal and recreational use. Tetrahydrocannabinol (THC) is an element in cannabis which causes the feeling of euphoria, perception change and appetite increase. The cannabis testing market is expected to rise with a CAGR of 11.63% during the forecast period 2019-2027. The market is estimated to reach a revenue target of about $2,812 million by the year 2027.

GLOBAL CANNABIS TESTING MARKET FORECAST 2019-2027

Global Cannabis Testing Market by Type (Terpene Profiling, Heavy Metal, Microbial Analysis, Genetic, Residual Solvent Screening, Potency, Pesticide Screening) by Product & Software (Products, Software) by End-user (Laboratories, Research Institutions) by Cannabis Type (Solid Edible Cannabis, Inhaling Cannabis, Liquid Edible Cannabis, Topical Cannabis, Other Cannabis Types) by Geography.

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Cannabis is a drug which is psychoactive and is primarily for medicinal and recreational use. Tetrahydrocannabinol (THC) is an element in cannabis which causes the feeling of euphoria, perception change and appetite increase. The cannabis testing market is expected to rise with a CAGR of 11.63% during the forecast period 2019-2027. The market is estimated to reach a revenue target of about $2,812 million by the year 2027. Legal utilization of cannabis in medicinal products is one of the prime factors driving the growth in the global cannabis testing market.

Medicines or drugs containing Tetrahydrocannabinol (THC) is legalized in many countries namely Chile, Austria, Belgium, Canada, Israel, etc. As per the National Institute on Drug Abuse for Teens, 29 states in the U.S. have passed the government laws allowing people to use cannabis drugs only if recommended by doctors. Hence, the legal utilization of cannabis in medicine is one of the major factors driving the growth of the global cannabis testing market.

Global cannabis testing market is primarily driven by the following factors:

  • Recognition of cannabis for medical and therapeutic use by the medical fraternity
  • The rise in the number of testing facilities
  • The increasing legalization of the use of cannabis for medicine and research
  • Rising awareness about cannabis benefits aided by a strong community support

The lack of skilled professionals in the field of testing of cannabis is one of the key challenges faced by the cannabis testing market. As the medical cannabis market continues to rise, the need for lab tested cannabis will also increase. Also, the initial investment to set up laboratories for cannabis testing is very high. In order to set up a testing laboratory, the basic requirement that must be fulfilled includes testing instrument, inventory control, quality control, qualified staff, data management and administrative functions.

The cannabis testing market has been segmented on the basis of type, product & software, cannabis type and end user. On the basis of type, the market has been further segregated into terpene profiling, heavy metal, microbial analysis, genetic, residual solvent screening, potency and pesticide screening. The growing demand for the potency of the cannabis by the end user to evaluate its strength is boosting the growth in the potency segment. The end users mainly test the cannabis plants specifically for cannabinoids which helps them to evaluate the strength of cannabis and also the effect of cannabis on medical users.

Global cannabis testing market is segmented on the basis of type, product & software, cannabis type and end-user:

Type is further sub-segmented into:

  • Terpene profiling
  • Heavy metal
  • Microbial analysis
  • Genetic
  • Residual solvent screening
  • Potency
  • Pesticide screening

Based on product & software, the market is further segmented into:

  • Product (Instruments & Consumables)
  • Software

Based on the type of cannabis whose testing is carried out, the market is further sub-segmented into:

  • Solid edible cannabis
  • Inhaling cannabis
  • Liquid edible cannabis
  • Topical cannabis
  • Others

End-user is further segmented into:

  • Laboratories
  • Research institutions

Geographically, the global cannabis testing market has been segmented on the basis of four major regions, which include:

North America held the largest revenue share of around 47.54% in the global cannabis market in 2018.  The growth in the North America region is mainly driven by the rising demand for cannabis use in medical drugs and treatment. In the U.S. the growing legalization of cannabis use in the medical segment is boosting the demand for cannabis testing in medical. North America cannabis testing market generated revenue of $501 million in 2018. The Asia Pacific region is expected to grow with the highest CAGR of 13.29% during the forecast period 2019-2027.

The major market players of the global cannabis testing market are:

  • Accelerated Technology Laboratories, Inc.
  • Thermo Fisher Scientific
  • Shimadzu Corp.
  • Agilent Technologies
  • Waters Corp.
  • Steep Hill Laboratories

Company profiles of the prominent market players are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, new product launch, in order to gain a competitive edge over other companies. Merger & Acquisition emerged as a prime strategy in Global cannabis testing market. For instance; In July 2017, Agilent Technology Company acquired Cobalt Light System’s, Raman Spectroscopy innovator. The acquisition can expand the company’s customer value base of biopharma and pharmaceuticals customers.

Key Findings of the global cannabis testing market:

  • The potency is the major testing type
  • Laboratories are the largest contributor to the cannabis testing market
  • Inhalation cannabis is the prominent cannabis type
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • POTENCY IS THE MAJOR TESTING TYPE
      • LABORATORIES ARE THE LARGEST CONTRIBUTOR TO CANNABIS TESTING MARKET
      • INHALATION CANNABIS IS THE PROMINENT CANNABIS TYPE
  1. MARKET DYNAMICS
    • MARKET DEFINITION AND SCOPE
    • MARKET DRIVERS
      • RECOGNITION OF CANNABIS FOR MEDICAL AND THERAPEUTIC USE BY THE MEDICAL FRATERNITY
      • RISE IN THE NUMBER OF TESTING FACILITIES
      • INCREASING LEGALIZATION OF THE USE OF CANNABIS FOR MEDICINE AND RESEARCH
      • RISING AWARENESS ABOUT CANNABIS BENEFITS AIDED BY A STRONG COMMUNITY SUPPORT
    • MARKET RESTRAINTS
      • LACK OF UNIFORM INDUSTRY STANDARDS ACROSS THE GLOBE
      • HIGH COSTS RELATED TO THE LABORATORY ANALYTICAL INSTRUMENTS USED FOR THE CANNABIS TESTING
    • MARKET OPPORTUNITIES
      • INCREASING APPLICATIONS OF CANNABIS
      • INCREASE IN VENTURE FUNDING FOR CANNABIS TESTING
    • MARKET CHALLENGES
      • SHORTAGE OF SKILLED PROFESSIONALS
      • BLOCKAGES IN INITIAL SETUP
      • PREJUDICES AGAINST THE USE OF CANNABIS
  1. MARKET BY TYPE
    • TERPENE PROFILING
    • HEAVY METAL
    • MICROBIAL ANALYSIS
    • GENETIC
    • RESIDUAL SOLVENT SCREENING
    • POTENCY
    • PESTICIDE SCREENING
  2. MARKET BY PRODUCT & SOFTWARE
    • PRODUCTS
      • ANALYTICAL INSTRUMENTS
      • CONSUMABLES
    • SOFTWARE
  3. MARKET BY END-USER
    • LABORATORIES
    • RESEARCH INSTITUTIONS
  4. MARKET BY CANNABIS TYPE
    • SOLID EDIBLE CANNABIS
    • INHALING CANNABIS
    • LIQUID EDIBLE CANNABIS
    • TOPICAL CANNABIS
    • OTHER CANNABIS TYPES
  5. KEY ANALYTICS
    • PORTER’S 5 FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCTS
      • BARGAINING POWER OF BUYER
      • BARGAINING POWER OF SUPPLIER
      • INTENSITY OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • KEY BUYING CRITERIA
      • COST
      • REQUIREMENT
      • EFFECTIVENESS
    • VENDOR LANDSCAPE
  6. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    • COMPANY PROFILE
      • ACCELERATED TECHNOLOGY LABORATORIES, INC.
      • AGILENT TECHNOLOGIES, INC.
      • ELI LILLY
      • PERKINELMER, INC.
      • ANRESCO LABORATORIES
      • DIGIPATH, INC.
      • STEEP HILL HALENT LABORATORIES, INC.
      • SDPHARMA LABS LLC (PHARMLABS™ LLC)
      • RESTEK CORPORATION
      • SC LABORATORIES, INC.
      • THERMO FISHER SCIENTIFIC, INC.
      • SIGMA-ALDRICH (ACQUIRED BY MERCK GROUP)
      • SHIMADZU CORPORATION
      • WATERS CORPORATION
      • AB SCIEX LLC
      • CANNASAFE ANALYTICS
      • LABLYNX, INC.
      • GENTECH SCIENTIFIC
      • CANNABILAB
      • PHARMALAB
      • UROFINS PROXY LABORATORIES
      • TEST LAB AMSTERDAM

 

LIST OF TABLES

TABLE 1 GLOBAL CANNABIS TESTING MARKET BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE 2 GLOBAL CANNABIS TESTING MARKET BY TYPE 2019-2027 ($ MILLION)

TABLE 3 GLOBAL TERPENE PROFILING MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 4 GLOBAL HEAVY METAL MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 5 GLOBAL MICROBIAL ANALYSIS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 6 GLOBAL GENETIC TESTING MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 7 GLOBAL RESIDUAL SOLVENT SCREENING MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 8 GLOBAL POTENCY CANNABIS TESTING MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 9 GLOBAL PESTICIDE SCREENING MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 10 GLOBAL CANNABIS TESTING MARKET BY PRODUCT & SOFTWARE 2019-2027 ($ MILLION)

TABLE 11 GLOBAL CANNABIS TESTING PRODUCTS MARKET BY TYPE 2019-2027 ($ MILLION)

TABLE 12 GLOBAL CANNABIS TESTING PRODUCT MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 13 GLOBAL CANNABIS TESTING SOFTWARE MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 14 GLOBAL CANNABIS TESTING MARKET BY END-USER 2019-2027 ($ MILLION)

TABLE 15 GLOBAL CANNABIS TESTING LABORATORIES MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 16 GLOBAL RESEARCH INSTITUTES MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 17 GLOBAL CANNABIS TESTING MARKET BY CANNABIS TYPE 2019-2027 ($ MILLION)

TABLE 18 GLOBAL SOLID EDIBLE CANNABIS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 19 GLOBAL INHALING CANNABIS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 20 GLOBAL LIQUID EDIBLE CANNABIS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 21 GLOBAL TOPICAL CANNABIS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 22 GLOBAL OTHER CANNABIS TYPES MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 23 GLOBAL CANNABIS TESTING MARKET BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE 24 NORTH AMERICA CANNABIS TESTING MARKET BY COUNTRY 2019-2027 ($ MILLION)

TABLE 25 EUROPE CANNABIS TESTING MARKET BY COUNTRY 2019-2027 ($ MILLION)

TABLE 26 ASIA PACIFIC CANNABIS TESTING MARKET BY COUNTRY 2019-2027 ($ MILLION)

 

FIGURE LIST

FIGURE 1 GLOBAL CANNABIS TESTING MARKET, REGIONAL OUTLOOK, 2018 & 2027 (%)

FIGURE 2 GLOBAL CANNABIS TESTING MARKET BY POTENCY TESTING 2019-2027 ($ MILLION)

FIGURE 3 GLOBAL CANNABIS TESTING MARKET BY LABORATORIES 2019-2027 ($ MILLION)

FIGURE 4 GLOBAL CANNABIS TESTING MARKET BY INHALING CANNABIS 2019-2027 ($ MILLION)

FIGURE 5 GLOBAL CANNABIS TESTING MARKET, BY TYPE 2018 & 2027 (%)

FIGURE 6 GLOBAL CANNABIS TESTING MARKET BY TERPENE PROFILING 2019-2027 ($ MILLION)

FIGURE 7 GLOBAL CANNABIS TESTING MARKET BY HEAVY METAL 2019-2027 ($ MILLION)

FIGURE 8 GLOBAL CANNABIS TESTING MARKET BY MICROBIAL ANALYSIS 2019-2027 ($ MILLION)

FIGURE 9 GLOBAL CANNABIS TESTING MARKET BY GENETIC TESTING 2019-2027 ($ MILLION)

FIGURE 10 GLOBAL CANNABIS TESTING MARKET BY RESIDUAL SOLVENT SCREENING 2019-2027 ($ MILLION)

FIGURE 11 GLOBAL CANNABIS TESTING MARKET BY POTENCY TESTING 2019-2027 ($ MILLION)

FIGURE 12 GLOBAL CANNABIS TESTING MARKET BY PESTICIDE SCREENING 2019-2027 ($ MILLION)

FIGURE 13 GLOBAL CANNABIS TESTING MARKET BY PRODUCT & SOFTWARE 2018 & 2027 (%)

FIGURE 14 GLOBAL CANNABIS TESTING MARKET BY PRODUCT 2019-2027 ($ MILLION)

FIGURE 15 GLOBAL CANNABIS TESTING PRODUCTS MARKET BY ANALYTICAL INSTRUMENTS 2019-2027 ($ MILLION)

FIGURE 16 GLOBAL CANNABIS TESTING PRODUCTS MARKET BY CONSUMABLES 2019-2027 ($ MILLION)

FIGURE 17 GLOBAL CANNABIS TESTING MARKET BY SOFTWARE 2019-2027 ($ MILLION)

FIGURE 18 GLOBAL CANNABIS TESTING MARKET, BY END-USER 2018 & 2027 (%)

FIGURE 19 GLOBAL CANNABIS TESTING MARKET BY LABORATORIES 2019-2027 ($ MILLION)

FIGURE 20 GLOBAL CANNABIS TESTING MARKET BY RESEARCH INSTITUTES 2019-2027 ($ MILLION)

FIGURE 21 GLOBAL CANNABIS TESTING MARKET, BY CANNABIS TYPE 2018 & 2027 (%)

FIGURE 22 GLOBAL CANNABIS TESTING MARKET BY SOLID EDIBLE 2019-2027 ($ MILLION)

FIGURE 23 GLOBAL CANNABIS TESTING MARKET BY INHALING CANNABIS 2019-2027 ($ MILLION)

FIGURE 24 GLOBAL CANNABIS TESTING MARKET BY LIQUID EDIBLE CANNABIS 2019-2027 ($ MILLION)

FIGURE 25 GLOBAL CANNABIS TESTING MARKET BY TOPICAL CANNABIS 2019-2027 ($ MILLION)

FIGURE 26 GLOBAL CANNABIS TESTING MARKET BY OTHER CANNABIS TYPES 2019-2027 ($ MILLION)

FIGURE 27 GLOBAL CANNABIS TESTING MARKET REGIONAL OUTLOOK 2018 & 2027 (%)

FIGURE 28 UNITED STATES CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 29 CANADA CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 30 UNITED KINGDOM CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 31 FRANCE CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 32 GERMANY CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 33 ITALY CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 34 SPAIN CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 35 REST OF EUROPE CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 36 CHINA CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 37 INDIA CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 38 JAPAN CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 39 SOUTH KOREA CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 40 AUSTRALIA CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 41 ROAPAC CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 42 LATIN AMERICA CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

FIGURE 43 MIDDLE EAST AND AFRICA CANNABIS TESTING MARKET 2019-2027 ($ MILLION)

  1. MARKET BY TYPE
    • TERPENE PROFILING
    • HEAVY METAL
    • MICROBIAL ANALYSIS
    • GENETIC
    • RESIDUAL SOLVENT SCREENING
    • POTENCY
    • PESTICIDE SCREENING
  2. MARKET BY PRODUCT & SOFTWARE
    • PRODUCTS
      • ANALYTICAL INSTRUMENTS
      • CONSUMABLES
    • SOFTWARE
  3. MARKET BY END-USER
    • LABORATORIES
    • RESEARCH INSTITUTIONS
  4. MARKET BY CANNABIS TYPE
    • SOLID EDIBLE CANNABIS
    • INHALING CANNABIS
    • LIQUID EDIBLE CANNABIS
    • TOPICAL CANNABIS
    • OTHER CANNABIS TYPES
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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