The global market size for Cannabis Testing was valued at USD 1218.0 million in 2019 and estimated to be growing at a CAGR of 12.42%, to reach USD 2187.3 million by 2024 during the forecast period 2019 - 2024.
Cannabis Testing can be defined as the various methods of drug testing for detecting the use of cannabis in an individual in the fields of sport, medicine, and law. There are many ways in which cannabis use can be detected, some of them are urine testing, hair testing, blood testing, and saliva testing among others. Unlike the detection of alcohol by using breathalysers, detecting cannabis use by any test takes a considerable amount of time. A few tests like Duquenois-Levine test can be used for quick detection but it’s not reliable since it gives false-positive results for many other substances than cannabinoids.
Cannabis testing refers to the analysis of a single cannabis sample that can be tested to determine elements like THC, CBD and terpene levels as well as impurities such as residual solvents, mold, diseases, pests or pesticide residues. Every country imposes its own standards and regulations on what needs to be tested and printed on cannabis labels. Individual producers can choose higher standards and go as long as their samples are analyzed for CBC and CBG levels. Cannabis testing can only be performed by certified chemical and laboratory technicians.
The major factors that are boosting the growth of the cannabis testing market are the legalization of medical cannabis associated with an increasing number of cannabis analysis laboratories, Greater adoption of LIMS in cannabis testing laboratories, growing awareness among people through conferences, and workshops.
The factors that are limiting the growth of cannabis market are High cost of analytical instruments, lack of specialized laboratories, high startup costs for cannabis testing laboratories, lack of industry standards for cannabis testing, high cost of installing a cannabis test facility
Increasing economies of developing countries in APAC and Middle East region are expected to increase opportunities for the stakeholders operating in these regions. The need for more testing laboratories to meet the demand of growing cannabis producers across the world is likely to create opportunities for the cannabis testing market during the forecast period.
Among various methods of testing, cannabis usage by taking urine samples can be detected up to 2-5 days after exposure in infrequent users and up to 15 days in heavy users. Through saliva testing, usage can be detected in a short time window of only 3 days, but the advantage is it can detect compounds with concentration as less as 0.5 ng/mL. Though blood testing is not frequently used as the procedure is invasive, it can detect usage within 12-24 hours window in infrequent users and 7 days in heavy users. Hair testing has the special feature of detecting usage even after 90 days of exposure and can detect concentration as low as 1 pg/mg of sample.
Recent developments in Cannabis Testing Industry:
REPORT COVERAGE
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 – 2024 |
|
Segments Analysed |
By Testing Procedures, End User, Product & Software and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
|
Companies Analysed |
Agilent Technologies, Inc., Shimadzu Corporation, Waters Corporation, PerkinElmer, Inc., AB SCIEX LLC, Millipore Sigma, Restek Corporation, LabLynx, Inc. (U.S.), Steep Hill Labs, Inc., PharmLabs, LLC, SC Laboratories, Inc., Digipath Labs, Inc., CannaSafe Analytics, Accelerated Technology Laboratories, Inc. |
This research report on the Global Cannabis Testing Market has been segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.
Cannabis Testing Market Analysis - By Testing Procedures:
On the basis of testing procedure, the Potency testing segment has the highest market share in this segment.
Cannabis Testing Market Analysis - By End-user:
On the basis of end-user, the Cannabis Laboratories segment is accounted for the largest market share in this segment owing to the rising demand for cannabis testing software in labs. The Cannabis laboratories market segment is dominating the global market and is expected to grow rapidly during the forecast period due to the escalation of legalization procedures to use cannabis for medical and recreational purposes around the world. Also, stringent regulations implemented by various authorities to ensure superior quality cannabis products and patient safety are increasing cannabis testing lab activities eventually resulting in the growth of the cannabis testing market during the forecast period.
Cannabis Testing Market Analysis - By Product & Software:
Regional Analysis:
North America has the leading market share in the world, accounting for around 34% and is also the fastest-growing market. North America is followed by Europe in share. Developing countries in the Asia-Pacific region are expected to witness the highest growth rate going on the basis of the country. Growing awareness about drug testing and reduction in prices are the major driving factors in these countries.
List of key market participants leading the Global Cannabis Testing Market profiled in this report are:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product & Software
5.1.1 Analytical Instruments
5.1.1.1 Chromatography Instruments
5.1.1.1.1 Liquid Chromatography
5.1.1.1.2 Gas Chromatography
5.1.1.1.3 Other Chromatography Instruments
5.1.1.2 Spectroscopy Instruments
5.1.1.2.1 Atomic Spectrometry Instruments
5.1.1.2.2 Mass Spectroscopy Instruments
5.1.1.3 Other Analytical Instruments
5.1.2 Consumables
5.1.2.1 Sample Preparation Products
5.1.2.2 Standards and CRMS
5.1.2.3 Chromatography Columns
5.1.2.4 Supplies and Accessories
5.1.3 Software
5.1.5 Y-o-Y Growth Analysis, By Product & Software
5.1.6 Market Attractiveness Analysis, By Product & Software
5.1.7 Market Share Analysis, By Product & Software
5.2 Testing Procedures
5.2.1 Terpene Profiling
5.2.2 Potency Testing
5.2.3 Residual Solvent Screening
5.2.4 Pesticide Screening
5.2.5 Genetic Testing
5.2.6 Heavy Metal Testing
5.2.7 Microbial Analysis
5.2.8 Y-o-Y Growth Analysis, By Testing Procedures
5.2.9 Market Attractiveness Analysis, By Testing Procedures
5.2.10 Market Share Analysis, By Testing Procedures
5.3 End Users
5.3.1 Cannabis Cultivators
5.3.2 Laboratories
5.3.2.1 Small-Scale Laboratories
5.3.2.2 Medium-Scale Laboratories
5.3.2.3 Large-Scale Laboratories
5.3.3 Drug Manufacturers & Dispensaries
5.3.4 Research Institutes
5.3.5 Y-o-Y Growth Analysis, By End Users
5.3.6 Market Attractiveness Analysis, By End Users
5.3.7 Market Share Analysis, By End Users
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Product & Software
6.1.3.2 By Testing Procedures
6.1.3.3 By End Users
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Product & Software
6.1.4.2 By Testing Procedures
6.1.4.3 By End Users
6.1.5 Market Share Analysis
6.1.5.1 By Product & Software
6.1.5.2 By Testing Procedures
6.1.5.3 By End Users
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Agilent Technologies Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Shimadzu Corporation
8.3 Waters Corporation
8.4 PerkinElmer Inc.
8.5 AB SCIEX LLC
8.6 Millipore Sigma
8.7 Restek Corporation
8.8 LabLynx Inc. (U.S.)
8.9 Steep Hill Labs Inc.
8.10 PharmLabs LLC
8.11 SC Laboratories Inc.
8.12 Digipath Labs Inc.
8.13 CannaSafe Analytics
8.14 Accelerated Technology Laboratories Inc.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Related Reports
Aug 2019
Download Sample
Aug 2019
Download Sample
Aug 2019
Download Sample
Aug 2019
Download Sample
