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Cannabis Testing Market Accrues Phenomenally by 2026 with a Staggering CAGR

Cannabis testing involves quantification of major chemical compound and active ingredient in the given specimen of cannabis. Cannabinoids and terpene are major active ingredient that has medicinal potency.

Cannabis testing involves quantification of major chemical compound and active ingredient in the given specimen of cannabis. Cannabinoids and terpene are major active ingredient that has medicinal potency.

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<strong>Cannabis</strong> <strong>Testing</strong> <strong>Market</strong> <strong>Accrues</strong> <strong>Phenomenally</strong> <strong>by</strong><br />

<strong>2026</strong> <strong>with</strong> a <strong>Staggering</strong> <strong>CAGR</strong><br />

<strong>Cannabis</strong> <strong>Testing</strong> <strong>Market</strong>, <strong>by</strong> Product Type (Analytical Instruments ,<br />

Spectroscopy Instruments, Consumables and Breathe Analyzer), <strong>by</strong> Service<br />

Type (Potency <strong>Testing</strong>, Terpene <strong>Testing</strong>, Pesticide <strong>Testing</strong>, Residual Solvent,<br />

Heavy Metal <strong>Testing</strong>, Mycotoxin and Microbial <strong>Testing</strong>, and Others), <strong>by</strong> End<br />

Users (<strong>Testing</strong> Laboratories, Drug Manufactures, and Research Institutes ), and<br />

<strong>by</strong> Region (North America, Latin America, Europe, Asia Pacific, Middle East, and<br />

Africa) - Size, Share, Trends and Forecast till <strong>2026</strong><br />

<strong>Cannabis</strong> testing involves quantification of major chemical compound and active ingredient in the<br />

given specimen of cannabis. Cannabinoids and terpene are major active ingredient that has medicinal<br />

potency. Depending on the concentration of the chemical active ingredient, the potency of the sample<br />

representing huge quantity of cannabis is decided. <strong>Cannabis</strong> testing is performed <strong>with</strong> the help of<br />

analytical instruments such as liquid chromatography, gas chromatography etc. Commercial labs offers<br />

dedicated cannabis testing services in developed region. Increasing number of the medicinal usage is<br />

propelling demand for commercial manufacturing of cannabis. However, government authorities<br />

demands quality testing of the cannabis before using them for recreational and medicinal purpose.<br />

<strong>Market</strong> Dynamics<br />

<strong>Cannabis</strong> testing products and services market is witnessing significant growth <strong>with</strong> increased<br />

government approval and loosening regulatory stringent ness over use of cannabis for commercial and<br />

recreational purpose. For instance, in February 2016, the Australian government amended the Narcotics<br />

Drugs Act 1967, to allow cultivation of cannabis for medicinal or scientific purposes under a national


licensing scheme, which is expected to favor the growth of the commercial manufacturing of cannabis<br />

plant in the region, which in turn would also drive growth of the cannabis testing market. Furthermore,<br />

the Australian government in January 2018, announced that it would allow medicinal cannabis exports,<br />

which is expected to provide growth opportunities for domestic manufacturers. Increasing number of<br />

laboratories offering cannabis testing is expected to further drive the market growth.<br />

Request For Sample Copy of This Business Report @<br />

https://www.coherentmarketinsights.com/insight/request-sample/170<br />

Legalization of cannabis for medicinal and recreational activity to drive growth of the cannabis<br />

testing market<br />

Increasing approval of medicinal cannabis products along <strong>with</strong> extensive research and development<br />

activities in the medical cannabis market are expected to support growth of the cannabis testing market.<br />

For instance, in July 2017, 18 states in the U.S. allowed the use of Cannabidiol (CBD) extract, majorly<br />

in oil form <strong>with</strong> minimal tetrahydrocannabinol (THC) for the treatment of epilepsy or seizures in<br />

adversely affected children. In March 2017, German parliament signed and enforced law, which allows<br />

the healthcare professionals to prescribe the medicinal cannabis products to relieve patients from severe<br />

health issues such as chronic pain, vomiting, and nausea.<br />

<strong>Cannabis</strong> testing market is projected to witness positive growth during the forecast period, owing to the<br />

requirement of desired active ingredient detection and undesired trace elements (mycotoxins and trace<br />

metals) before utilizing cannabis product for medicinal and recreational purpose. Increased trend of<br />

using cannabis for recreational purpose would be another major impetus for simultaneous rise in<br />

cannabis testing market.<br />

Increased approval for cannabis-based drugs and new product launches for cannabis testing are<br />

expected to propel growth of the cannabis testing market<br />

Various cannabis manufacturer across globe are focused on introducing the cannabis products to target<br />

various disease, which in turn is expected to promote application of cannabis testing instruments, as


this products need to be approved from the health regulatory bodies for their efficacy and purity. For<br />

instance, in May 2018, the U.S Food and Drug Administration (FDA) approved the medication, called<br />

Epidiolex manufactured <strong>by</strong> GW Pharmaceuticals to treat two rare forms of epilepsy caused <strong>by</strong> Lennox-<br />

Gastaut and Dravet syndromes in patients two years and older.<br />

Key players operating in the cannabis testing market include Shimadzu Corporation, Agilent<br />

Technologies, Inc., Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Millipore Sigma, AB SCIEX<br />

LLC, Cannabix Technologies, Inc., Waters Corporation, Steep Hill Labs, Inc., CannaSafe Analytics,<br />

Accelerated Technology Laboratories, Inc., LabLynx, Inc., SC Laboratories Inc., GenTech Scientific,<br />

Pharm Labs, LLC, and Digipath Labs, Inc.<br />

expected to fuel market growth. For instance, Agilent Technologies Inc. in 2017, introduced a highresolution,<br />

accurate gas chromatography mass system named as Agilent 7250 GC/Q-TOF system,<br />

which combines gas chromatography and quadrupole time-of-flight mass spectrometry <strong>with</strong> a Low<br />

Energy Electron Ionization source enabling high exploration of unknown chemical samples. Click To<br />

Read More On <strong>Cannabis</strong> <strong>Testing</strong> <strong>Market</strong>.<br />

About Coherent <strong>Market</strong> Insights:<br />

Coherent <strong>Market</strong> Insights is a prominent market research and consulting firm offering action-ready<br />

syndicated research reports, custom market analysis, consulting services, and competitive analysis<br />

through various recommendations related to emerging market trends, technologies, and potential<br />

absolute dollar opportunity.<br />

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Coherent <strong>Market</strong> Insights<br />

1001 4th Ave, #3200<br />

Seattle, WA 98154<br />

Tel: +1–206–701–6702<br />

Email: sales@coherentmarketinsights.com

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