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Cannabis Testing Market Trends, Companies, Driver, Segmentation, Forecast to 2025

Latest update on Cannabis Testing Market Analysis report published with an extensive market research, Cannabis Testing market growth analysis and Projection by – 2025. this report is highly predictive as it holds the over all market analysis of topmost companies into the Cannabis Testing industry. With the classified Cannabis Testing market research based on various growing regions this report provide leading players portfolio along with sales, growth, market share and so on.

The Asia Pacific cannabis testing market is expected to reach US$ 422.74 Mn in 2025 from US$ 132.38 Mn in 2017. The market is estimated to grow with a CAGR of 15.8% from 2018-2025.

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Asia Pacific cannabis testing market, based on services was segmented into potency testing, microbial analysis, residual solvent screening, heavy metal testing, pesticide screening, terpene profiling, and genetic testing. The potency testing segment is anticipated to grow at a CAGR of 16.9% during the forecast period.


Cannabis Testing Market Trends, Companies, Driver, Segmentation, Forecast to 2025

Cannabis Testing Market Trends, Companies, Driver, Segmentation, Forecast to 2025

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The growth of the cannabis testing market is primarily attributed to the growing adoption of LIMS and cannabis legalization for medical and recreational purpose in the region. However, restricted use of cannabis is likely to pose a negative impact on the market growth. On the other hand, increased demand through domestic manufacturing is likely to have a positive impact on the growth of the Asia Pacific cannabis testing market in the coming years. The growing advanced technology provide the best solutions to meet the current requirements and enables the system to be readily adapted based on the needs. The modern LIMS (Laboratory Information Management Systems) system are used to automatically registers and archives the results of laboratory work, to support people management & equipment and materials administration. Advancements including, macro level challenges to increase innovation, manage risk, improve governance, comply with regulatory requirements, and deliver quantifiable operational results, help pathology laboratories to meet the evolving demands of the modern pathology services in the region. The increasing adoption of LIMS technique helps to improve the transparency to lab work status, reducing the costs & improved efficiency, providing flexibility to accommodate new requirements and also help to improve quality & compliance. Penetration of information technology and increasing demand for data management and standardization is helping in growing the number of LIMS vendors in the market. The increasing demand for the LIMS in Asian market and R&D spends in the counties like China and India is growing that proportionally upsurge the market growth in the region. Thus, due to the above advancements, the cannabis testing market is expected to grow at a rapid pace during the forecast period.

Global Cannabis Testing Market: Drivers and Restraints: This section of the Cannabis Testing Market Analysis report we are covering various drivers and restraints that have affected the global Cannabis Testing market. The complete study of plentiful drivers of the market enables market professionals to get a clear viewpoint of the Cannabis Testing market share, which consists of Cannabis Testing industry environment, advancement market, product innovations, latest developments, and Cannabis Testing market risks.

In 2017, the product segment held a largest market share of 73.7% of the cannabis testing market, by type. This segment is also expected to dominate the market in 2025 owing diverse portfolio of cannabis testing products to the healthcare industry for innovations in the technologies. Moreover, the same segment is also expected to witness the highest CAGR in the market accounting to 16.1% in 2018 to 2015 owing to increasing analytical services and medicinal cannabis services in testing cannabis.

The testing laboratory segment held a largest market share of 49.2% of the cannabis testing market, by end user. This segment is anticipated to grow at a CAGR of 16.3% during the forecast period.

Some of the major primary and secondary sources for cannabis testing included in the report are Federal Commission for the Protection against Sanitary Risk (COFEPRIS), Defense Advanced Research Projects Agency (DARPA), German Research Foundation (DFG), Food & Drug Administration (FDA), Indian Institutes of Technology (IITs), Japan Society for the Promotion of Science (JSPS), Laboratory Information Management System (LIMS), Medical Marijuana Regulation and Safety Act (MMRSA), Non-Governmental Organization (NGO), National Science Foundation (NSF) and others.

A Pin-point overview of TOC of Cannabis Testing Market are:

Overview and Scope of Cannabis Testing Market

  • Research goal & scope
  • Research assumptions
  • Research Methodology
  • Key take-away
  • Stakeholders
  • Market Segmentation

Cannabis Testing Market Insights

  • Industry snapshot
  • Regulatory Framework
  • Cannabis Testing Market Dynamics
  • Cannabis Testing Market Forces
  • Cannabis Testing Market Driver Analysis
  • Cannabis Testing Market Restraint/Challenges analysis
  • Cannabis Testing Market Opportunity Analysis
  • Factors Influencing Development of Cannabis Testing Market
  • Driving Forces and Market Opportunities
  • Threats and Challenges in Cannabis Testing industry
  • Forecast on Cannabis Testing Market Size
  • Forecast on Cannabis Testing Market Trend

Industry analysis – Porter’s Five Force

  • Cannabis Testing Market PEST Analysis
  • Cannabis Testing Market Value Chain Analysis
  • Cannabis Testing Industry Trends
  • Company Market Share Analysis

Company Profiles

  • Overview
  • Product Benchmarking
  • Recent Developments and Technological Advancement

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