The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest cannabis testing market share, and Asia-Pacific was the fastest-growing region in 2022.

The global cannabis testing market is expected to grow from $2.1 billion in 2022 to $2.49 billion in 2023 at a compound annual growth rate (CAGR) of 18.3%. The cannabis testing market size is expected to grow to $4.78 billion in 2027 at a CAGR of 17.8%.

Major Driver In The Cannabis Testing Market ­– Growth In Usage Of Cannabis As A Medicinal Product
According to the World Health Organisation, 2.5% of the world’s 147 million population ingested cannabis in 2022. As a result, the cannabis testing business is being driven by the increasing use of cannabis as a therapeutic product.

View More On The Cannabis Testing Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cannabis-testing-global-market-report

Key Cannabis Testing Market Segments
1) By Test Type: Potency Testing, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Terpene Testing, Mycotoxin Testing, Other Test Types
2) By Technology: Chromatography, Spectroscopy, Other Technologies
3) By Portability: Standalone, Hand Held Devices
4) By End User: Testing Laboratories, Drug Manufacturers, Research Institutes, Other End Users

Recent Cannabis Testing Market Trend – Strategic Partnerships
Partnerships are being formed by major players in the cannabis testing sector in order to improve their positions. For example, Shimadzu Scientific tools, a Japanese producer of cannabis testing tools, teamed with McCann Testing, a US-based medical cannabis testing lab, in November 2020. Shimadzu would supply MoCann with instruments and support MoCann testing activities with training, method development, and maintenance through this partnership. Furthermore, in March 2022, Digipath Inc., a cannabis testing laboratory based in the United States, teamed with CASPR Technologies, a Nigeria-based provider of smart environmental indoor technology for healthcare. Digipath will evaluate and validate the efficacy of CASPR’s technology in botanical applications, notably cannabis and hemp, as part of this collaboration.

Cannabis Testing Market Prominent Players
Major players in the cannabis testing market are Agilent Technologies Inc., Shimadzu Corporation, DigiPath Inc., Steep Hill Inc., SC Laboratories, PharmLabs LLC, Waters Corporation, CW Analytical Laboratories Inc., PerkinElmer Inc., Restek Corporation, Ab Sciex LLC, Danaher Corporation, Praxis Labs, Phenomenex, and Anresco Labs.

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The Cannabis Testing Global Market Report 2023  provides a comprehensive overview on the cannabis testing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the cannabis testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Cannabis analysis refers to the examination of a single sample of cannabis to assess the quantities of tetrahydrocannabinol, cannabidiol, and terpenes, as well as contaminants such as residual solvents, mould, pests, disease, or pesticide residue. Stress, muscle discomfort, nausea, and vomiting are all treated with the cannabis test.

View More Related Reports –
Cannabis Products Global Market Report 2023
Testing, Inspection, And Certification Global Market Report 2023
Cannabis Cultivation Global Market Report 2023

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