Cannabis Testing Market Overview:

The latest study from Maximize Market Research, " Cannabis Testing Market " 2023-2029, is helpful in understanding the market’s competitors. The study takes a wide and basic look at the market, as well as a look into subjective variables that could give readers valuable business insights. The study includes a market overview that covers the value chain structure, regional analysis, applications, market size, and forecast (2022-2029). The study will be used to get a more accurate assessment of the existing and future state of the global Cannabis Testing market.

The cannabis testing market was valued at USD 1.58 billion in 2022 and is anticipated to increase to USD 3.66 billion by 2029, at a CAGR of 12.7%.

Dynamics of the cannabis testing market:

used to treat a range of mental and neurological problems

Cannabis has been examined in relation to numerous medical conditions, including neurological conditions, and has been used for therapeutic purposes for more than 4,000 years. One of the leading causes of illness and disability worldwide, according to the World Health Organization, are mental illnesses, which are estimated to affect 450 million people worldwide. Depression, which affects more than 264 million people worldwide of all ages, is the most common mental illness. Numerous neurological conditions in people, such as neuropathic pain, migraines, multiple sclerosis, Parkinson's disease, Huntington's disease, and motor neuron disease, have been proven to respond favorably to cannabis and cannabinoids. Consequently, there is a rising need for cannabis because

Market Scope:

Throughout the projected period, the study analyses a variety of factors, including worldwide Cannabis Testing market growth, consumer volume, market trends, and corporate pricing structures, in order to provide an analytical evaluation of the industry. The report provides in-depth analysis of the market’s complexities. Market features, product differentiation analysis, market size, client landscape, and regional landscape are all included in the research. The report considers development direction, current trends, breakthroughs, predictions, and the competitive environment in its research. This market has been explored in a variety of categories based on profitability and industrial base.

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Segmentation:


With a revenue share of 23.7% in 2022, potency testing services took the market's top spot by service type. The market is primarily being driven by a rise in the demand for analyzing the potency of different cannabinoids, particularly CBD (Cannabidiol) and Tetra hydro cannabinol (THC) in grown cannabis, as well as a rise in the use of effective potency testing methods like Gas Chromatography (GC) and High-Performance Liquid Chromatography (HPLC) for testing samples.

The Cannabis farmers and cultivators, who accounted for 64.2% of total sales in 2022, held the majority of the market's income by end-user. Growers are entering into agreements with testing labs as a result of official restrictions on the quantity of THC that may be found in cannabis products in several countries.

1 Global Cannabis Testing Market, by Service Type (2022-2029)
• Potency Testing
• Terpene Profiling
• Heavy Metal Testing
• Pesticide Screening
• Microscopy Testing
• Residual Solvent Screening

2 Global Cannabis Testing Market, by End-user (2022-2029)
• Cannabis Drug Manufacturers
• Cannabis Cultivators/Growers
• Others (Research Institutes & Labs)

3 Global Cannabis Testing Market, by Technology (2022-2029)
• Chromatography
o Liquid Chromatography
o Gas Chromatography
o Other
• Spectroscopy
o Mass Spectrometry
o Atomic Spectrometry
• Others

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Key Players:

It then goes into great detail on the major rivals in the global Cannabis Testing market, as well as developing companies, including revenue, demand, high-quality product producers, sales, and service providers. The study also looks at capacity utilisation, raw material sources, import-export, the value chain, pricing structure, and the industrial supply chain. This report features the following players:

• Saskatchewan Research Council (SRC)
• SC Labs
• Steep Hill, Inc.
• SGS Canada Inc.
• CW ANALYTICAL
• PharmLabs
• GreenLeaf Lab
• Agilent Technologies Inc.
• Shimadzu Scientific Instruments
• Merck KGaA
• Restek Corporation
• PerkinElmer Inc.,
• Danaher Corporation
• Accelerated Technology Laboratories Inc.
• Steep Hill Halent Laboratories Inc.
• Digipath Inc.
• Pharmlabs LLC.

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Regional Analysis:

Based on various types of commodities, applications, end-users, and nations, among others, the research gives detailed insights into multiple development prospects and obstacles in the above-mentioned locations. Key elements of the global Cannabis Testing market, such as sales growth, product pricing and analysis, growth potential, and solutions for addressing market challenges in certain areas, are also included in the study.

COVID-19 Impact Analysis on Cannabis Testing Market:

COVID-19 is a global public health emergency that has damaged almost every firm, and the long-term effects are likely to have an impact on industry growth during the projection period. Our ongoing research widens our research methods to incorporate basic COVID-19 problems as well as possible future steps. The study considers changes in consumer behaviour and demand, purchasing patterns, the dynamics of modern market forces, and significant government efforts while analysing COVID-19. The updated research includes market insights, analysis, estimates, and predictions based on COVID-19’s impact.

Important inquiries addressed in the Cannabis Testing Market are:

What is Cannabis Testing ?
What are the global trends in the Cannabis Testing Market?
What was the Cannabis Testing Total Market size in 2023?
What is expected Cannabis Testing Market size by 2029?
Who held the largest market share in Cannabis Testing Market?
Who are the leading companies and what are their portfolios in Cannabis Testing Market?
What are the major challenges that the Cannabis Testing Industry could face in the future?
Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2022)
Past Pricing and price curve by region (2017 to 2022
Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2023−2029
Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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