4th December,
2018- In Cannabis
Drug Testing, what actually is done is a variety of drug test
methodologies are employed for the utilization of cannabis in various sectors
like medicine, sport, and law. It has been observed that cannabis employment is
highly noticeable and it can be identified by urinalysis, hair analysis, as
well as saliva tests for days or weeks. Cannabis Testing Market size on the
basis of the product & software spans analytical instrument, consumables,
and software. Cannabis Testing Market size on the basis of end user spans Lab,
Pharmaceutical, and Research. Among all, the consumables segment is currently
taking up the largest share in the market due to their recurring requirement
and repetitive employment. Legalization of medical cannabis, growth in the
number of cannabis testing laboratories particularly in the United States, rise
in the adoption of LIMS in cannabis testing laboratories and augmentation in
the awareness level via ways like conferences, symposia, and workshops are
driving the, market.
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The only factors that are
restraining the growth of the market and are becoming major challenges for the
industry include soaring cost of analytical instruments, availability of
substitute technologies, and deficiency of expert and skilled professionals.
The trend that is going in the market includes augmentation in the funding for
cannabis testing laboratories. Cannabis Testing Market size on the basis of
service spans Potency, Pesticides, Heavy Metal, Genetic Testing, Terpene
Profiling, Residual Solvent Screening, Heavy Metal Testing, and Microbial
Analysis. Among all the service types, the potency testing segment has gained
huge recognition across the globe and has also registered for the largest share
in the market. The reason being huge number of the end users mainly test their
cannabis plants for cannabinoids and seek to assess the strength of cannabis
and the outcome it will have on medical marijuana users.
Cannabis Testing Market size
on the basis of geography spans North America, United States, Canada, Europe, Latin
America, Middle East, and Asia-Pacific. As far as the geography is concerned,
North America is currently dominating the market and it is estimated that the
market will witness a robust CAGR in the near future. The factors that can be
attributed to the particular growth include rising legalization of cannabis for
medical use and robust growth in the count of cannabis testing laboratories
across the region. The key target audience of the Cannabis Testing Market
includes Cannabis associations, Cannabis testing laboratories, Cannabis
software/LIMS vendors, Analytical instrument manufacturers, Academic institutes
and universities, Venture capitalists, and Research and consulting firms. The
key market players operating in the market include PharmLabs, LLC, Digipath
Labs, Inc., Agilent Technologies, Inc., Shimadzu Corporation, PerkinElmer,
Inc., Millipore Sigma, AB SCIEX LLC, Waters Corporation, LabLynx, Inc., Steep
Hill Labs, Inc., SC Laboratories Inc., CannaSafe Analytics, Restek Corporation,
and Accelerated Technology Laboratories, Inc.
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