DUBLIN, Feb. 3, 2023 /PRNewswire/ -- The "Cannabis Testing - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Cannabis Testing Market to Reach $2.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Cannabis Testing estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$2.8 Billion by 2030, growing at a CAGR of 13.2% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record a 15% CAGR and reach US$1.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Products segment is readjusted to a revised 9.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $309.6 Million, While China is Forecast to Grow at 12.1% CAGR

The Cannabis Testing market in the U.S. is estimated at US$309.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$475.6 Million by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12% and 11.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Key Topics Covered:

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Cannabis Testing: An Essential Aspect of Legal Cannabis Industry

• Global Cannabis Testing Market: Percentage Breakdown of Sales by Products for 2019

• Chromatography: The Most Common Type of Technology in Use for Cannabis Testing

• Potency Testing Leads the Global Cannabis Testing Market

• Laboratories End-Use Segment Captures the Maximum Share of Market

• Global Cannabis Testing Market: Percentage Breakdown of Sales by End-User for 2019 and 2025

• US Emerges as the Largest Regional Market for Cannabis Testing

• Cannabis Testing - Global Key Competitors Percentage Market Share in 2022 (E)

• Cannabis Testing Labs Resort to Differentiation Strategy to Fight Competition

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS (Total 32 Featured)

• PerkinElmer, Inc.

• PharmLabs LLC.

• Restek Corporation

• SC Laboratories, Inc.

• Shimadzu Corporation

• Steep Hill Labs, Inc

• Waters Corporation

• AB Sciex LLC

• Accelerated Technology Laboratories, Inc.

• Agilent Technologies, Inc.

• Digipath Inc.

• Merck KGaA

3. MARKET TRENDS & DRIVERS

• With the Number of Countries Legalizing Cannabis on the Rise, Expanding Legal Cannabis Market Drives Demand for Cannabis Testing

• Global Market for Legal Marijuana in US$ Billion for the Years 2019, 2021, 2023 and 2025

• Growing Use of Cannabis for Treatment of Serious Medical Conditions Drives Demand for Cannabis Testing to Assess Product Quality

• List of Countries Where Medical Marijuana is Legal

• Global Legal Medical Marijuana Market: Percentage Breakdown of Revenues by Application for 2019

• Legalization of Recreational Cannabis: Growth Prospects for Cannabis Testing

• Advent of Luxury Cannabis Products Fuels Need for Cannabis Testing

• Increasing Use of LIMS in Cannabis Testing Labs: A Major Area of Growth

• Cloud-enabled LIMS Systems Reduce Manual Workloads and Improve Lab Productivity

• LIMS Systems and Software Enable Automated Cannabis Testing Processes

• Managing Cannabis Testing Workflows with LIMS System

• Cannabis Testing Labs Use LIMS Systems to Achieve ISO 17025 Compliance

• Rising Significance of Chromatography in Cannabis Testing

• Increase in Cannabis Testing Labs and Awareness Programs to Educate People in Developed Economies: A Major Growth Opportunity

• List of Cannabis Testing Labs in Select Countries/US States

• An Insight into Automated Cannabis Testing Market

• Focus on R&D Development and Need for Cannabis Testing Labs Drives Growth

• Challenges Confronting Cannabis Testing Market

• Lack of Standardization for Cannabis Testing

• Compliance Challenges Plague Cannabis Testing Space

• High Investments to Set Up Testing Labs and High Cost of Analytical Instruments & Tests

• Shortage of Trained Lab Professionals for Cannabis Testing

• Innovations, Advantages & Research Studies

• Improving Efficiency of Cannabis Product Testing

• UBC Researchers Develop New Method to Measure Phytocannabinoids

• Development of Suitable Sample Prep Techniques for Cannabis Testing Market

• Gemmacert Develops Home Kit for Cannabis Testing

• PRODUCT OVERVIEW

• What is Cannabis?

• Cannabis Testing

• Cannabis Product Testing

• Cannabis Drug Testing

4. GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/3cenqr-testing?w=5

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