According to a new market research report “Global Cannabis Testing Market” by Component Application, Deployment Mode, Vertical and Region forecast to 2029 published by Maximize market research.
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Cannabis Testing Market Overview:
The Cannabis Testing market study may be customized to include pricing trend analysis of target brands, market knowledge for other countries (ask for a list), clinical trial results in data, literature research, refurbished market and product base analysis, and more. Target rival market analysis might include anything from technology-based research to market portfolio plans. We may add as many competitors as you require data on in the format and data type of your choice. Our analysts can also provide you with data in raw excel files pivot tables or assist you in creating presentations based on the data sets included in the report.
Global Cannabis Testing Market was valued at US$ 1.41 Bn. in 2021. The Global Cannabis Testing Market size is estimated to grow at a CAGR of 12.7% over the forecast period.
Market Scope:
The Cannabis Testing market study provides insights into each of the top Cannabis Testing Market end users, as well as yearly estimates through 2029. The study forecasts the worldwide Cannabis Testing Market's revenue, sales, and growth rate. Forecasts for the market's product, application, and geographic sectors are also offered. Forecasts are created to assist individuals in understanding the industry's prospects and possibilities.
Segmentation:
With a revenue share of 23.7%, potency testing services took the market's top spot among service types in 2021. The market is primarily being driven by a rise in the demand for analysing 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.
Key Players:
The competitive landscape of the market Cannabis Testing provides information by the competitor. The business overview, financials, revenue generated, market potential, R&D investment, new market efforts, global presence, production sites and facilities, production capacity, corporate strengths and weaknesses, product introduction, product width, and breadth, and application dominance are all covered. The aforementioned data points are only related to the businesses' concentration on the Cannabis Testing industry. These are the primary characters:
• 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.
Regional Analysis:
The region segment of the Cannabis Testing market analysis also contains individual market influencing aspects and changes in market regulations that affect current and future market trends. Some of the major variables used to forecast market conditions for specific countries are consumption volumes, production sites and volumes, import-export analysis, price trend analysis, raw material prices, and downstream and upstream value chain analysis. While providing forecast analysis of national data, the existence and availability of global brands, as well as the difficulties they encounter due to strong or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade channels, are also considered.
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COVID-19 Impact Analysis on Cannabis Testing Market:
The paper includes a full analysis of how Covid-19 affects the Cannabis Testing Market. Because of the impact on thousands of patients globally, the World Health Organization has designated Covid-19 a global health emergency. The Coronavirus sickness, which already affects these individuals, hurts Cannabis Testing Market segments.
Key Questions Answered in the Cannabis Testing Market Report are:
- Which are the crucial factors aiding the Cannabis Testing market growth?
- Which region has the maximum share in the Cannabis Testing market?
- What will be the CAGR of the Cannabis Testing market during the forecast period (2021-2029)?
- Which segment came out as the leading segment in the Cannabis Testing market?
- Which are the main players in the Cannabis Testing market?
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