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Pulished Date February, 2020
ID: 2899
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Europe Cannabis Testing Market Research Report - Segmented By Product & Software, Testing Procedures, End User, & By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis, Size, Share, Growth, Trends and Forecast | 2019 - 2024

Pulished: February, 2020
ID: 2899
Pages: 140

Europe Cannabis Testing Market Size & Growth (2019 - 2024)

As Per Our Report, the Europe Cannabis Testing Market Size is valued at USD 292.58 Million in 2019 and estimated to be growing at a CAGR of 12.1%, to reach USD 517.93 Million by 2024 during the forecast period 2019 - 2024.

The growth of the European Cannabis Testing Market is primarily due to the government's funding of cannabis education for physicians and the growing demand for cannabis quality research activities.

Increasing use of cannabis in drug development, including the treatment of pain, increasing regulatory approval for medicinal cannabis products, and ongoing research and development activities are driving the Europe Cannabis Testing Market over the review period. Pharmaceutical companies need to conduct stringent government quality tests and raise awareness about cannabis through sports, conferences, and seminars before using them in medicinal products. Increasing research and development of new treatments for chronic diseases by large pharmaceutical companies, as well as increasing the use of recreational and personal cannabis, is also contributing to the growth of the regional cannabis testing market.

The high cost of building a cannabis testing facility for expensive equipment hampers the growth of the cannabis testing market in the European region. Also, the lack of a unified test standard further hinders the future growth of the cannabis test business.

In Europe Cannabis Testing Market significant market growth is expected during the forecast period. This may be due to new medical marijuana legislation and approval for a manufacturing license since March 2017. Also, the growing demand for medical marijuana by patients and prescribers is supposed to accelerate further the growth of the European market on a projected schedule. Cannabis also offers a unique opportunity where the healthcare system is in the development and modernization stage.

The Europe Cannabis Testing Market looks promising. However, the lack of unified industry standards and the high costs associated with laboratory analytical instruments for cannabis testing pose significant challenges to market development.

This research report is segmented and sub-segmented into the following categories:

  • By Testing Procedures: Terpene Profiling, Potency Testing, Residual Solvent Screening, Pesticide Screening, Genetic Testing, Heavy Metal Testing, Microbial Analysis
  • By End-user: Cannabis Cultivators, Laboratories, Drug Manufacturers & Dispensaries, Research Institutes
  • By Product & Software: Analytical Instruments, Consumables and Software.
  • By Country: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe

Europe is the second-largest market in the world after North America. Ongoing legalization of cannabis in some regions for medicinal purposes and the rising number of road accidents under the intoxication of cannabis is likely to propel the growth of this market in the region.

Promising Companies leading the Europe Cannabis Testing Market Profiled in the Report 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, and Accelerated Technology Laboratories, Inc.

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 U.K                                 

                6.3 Spain                                             

                6.4 Germany                                     

                6.5 Italy                                               

                6.6 France                                          

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                                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Europe Cannabis Testing Market By Product & Software, From 2019-2024 ( USD Million )
  2. Europe Analytical Instruments Market By Region, From 2019-2024 ( USD Million )
  3. Europe Consumables Market By Region, From 2019-2024 ( USD Million )
  4. Europe Software Market By Region, From 2019-2024 ( USD Million )
  5. Europe Cannabis Testing Market By Testing Procedures, From 2019-2024 ( USD Million )
  6. Europe Terpene Profiling Market By Region, From 2019-2024 ( USD Million )
  7. Europe Potency Testing Market By Region, From 2019-2024 ( USD Million )
  8. Europe Residual Solvent Screening Market By Region, From 2019-2024 ( USD Million )
  9. Europe Pesticide Screening Market By Region, From 2019-2024 ( USD Million )
  10. Europe Genetic Testing Market By Region, From 2019-2024 ( USD Million )
  11. Europe Heavy Metal Testing Market By Region, From 2019-2024 ( USD Million )
  12. Europe Microbial Analysis Market By Region, From 2019-2024 ( USD Million )
  13. Europe Cannabis Testing Market By End Users, From 2019-2024 ( USD Million )
  14. Europe Cannabis Cultures Market By Region, From 2019-2024 ( USD Million )
  15. Europe Laboratories Market By Region, From 2019-2024 ( USD Million )
  16. Europe Drug Manufacturers and Dispensaries Market By Region, From 2019-2024 ( USD Million )
  17. Europe Research Institutes Market By Region, From 2019-2024 ( USD Million )
  18. U.K. Cannabis Testing Market By Product & Software, From 2019-2024 ( USD Million )
  19. U.K. Cannabis Testing Market By Testing Procedures, From 2019-2024 ( USD Million )
  20. U.K. Cannabis Testing Market By End Users, From 2019-2024 ( USD Million )
  21. Germany Cannabis Testing Market By Product & Software, From 2019-2024 ( USD Million )
  22. Germany Cannabis Testing Market By Testing Procedures, From 2019-2024 ( USD Million )
  23. Germany Cannabis Testing Market By End Users, From 2019-2024 ( USD Million )
  24. France Cannabis Testing Market By Product & Software, From 2019-2024 ( USD Million )
  25. France Cannabis Testing Market By Testing Procedures, From 2019-2024 ( USD Million )
  26. France Cannabis Testing Market By End Users, From 2019-2024 ( USD Million )
  27. Italy Cannabis Testing Market By Product & Software, From 2019-2024 ( USD Million )
  28. Italy Cannabis Testing Market By Testing Procedures, From 2019-2024 ( USD Million )
  29. Italy Cannabis Testing Market By End Users, From 2019-2024 ( USD Million )
  30. Spain Cannabis Testing Market By Product & Software, From 2019-2024 ( USD Million )
  31. Spain Cannabis Testing Market By Testing Procedures, From 2019-2024 ( USD Million )
  32. Spain Cannabis Testing Market By End Users, From 2019-2024 ( USD Million )

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