Cannabis Testing Market, By Service Type, By Product Type (Analytical Instruments, Consumables Testing Software & Services, Breathe Analyzer), By End User, By Geography

Description

Global cannabis testing market is estimated to be valued at USD 2.45 Bn in 2024 and is expected to reach USD 7.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 16.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2.45 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	16.70%	2031 Value Projection:	US$ 7.23 Bn

Figure. Cannabis Testing Market Share (%), By Region 2024

Cannabis testing refers to the analytical testing of cannabis and cannabis-derived products, in order to ensure product quality and safety. It involves testing for cannabinoid profiles, pesticides, heavy metals, microbiological elements, and residual solvents. Strict regulatory norms mandating quality testing of cannabis and cannabis-based products prior to sale can drive the market growth. Rapid legalization of both medical and recreational cannabis across various regions has significantly boosted demand for quality testing services. However, lack of standardized testing protocols and infrastructure limitations in emerging markets can hamper the market growth.

Market Dynamics:

Global cannabis testing market growth is primarily driven by rapidly evolving regulatory landscape along with legalization of cannabis for medicinal and adult use across several countries worldwide. Strict quality control guidelines imposed by regulatory agencies necessitate comprehensive safety and potency testing of cannabis and related products. For instance, regulations in the U.S., Canada, and certain European countries mandate testing for pesticide residues, microbials, solvents, potency analysis among others. This has significantly boosted demand for testing services. However, lack of testing protocols harmonization can hamper the market growth. High set-up and equipment costs also hampers the market growth in price-sensitive developing regions. Ongoing R&D aimed at developing low-cost and portable testing solutions can offer new opportunities for market participants.

Key features of the study:

This report provides in-depth analysis of the global cannabis testing market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global cannabis testing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Waters Corporation, Shimadzu Corporation, Agilent Technologies, PerkinElmer, GenTech Scientific, Millipore Sigma, AB SCIEX LLC, PharmLabs, CannaSafe Analytics, and Steep Hill Laboratories

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global cannabis testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cannabis testing market

Detailed Segmentation-

By Service Type
- Potency Testing
- Residual Solvent Testing
- Mycotoxin Testing
- Microbial Testing
- Genetic Testing
- Heavy Metal Testing
- Pesticide Screening
- Others
By Product Type
- Analytical Instruments
- Chromatography
- Spectroscopy
- Consumables Testing Software & Services
- Breathe Analyzer
By End User
- Cannabis Drug Manufacturers
- Cannabis Cultivators/Growers
- Research Institutes & Labs
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- Anresco
- SC Labs, Inc
- CW Analytical Laboratories
- Digipath, Inc
- EVIO, Inc
- Eurofins Scientific
- Pure Analytics LLC
- Green Scientific Labs
- Steep Hills, Inc
- PharmLabs
- Agilent Technologies Inc.
- Shimadzu Scientific Instruments
- Restek Corporation
- PerkinElmer Inc.
- Danaher Corporation
- Accelerated Technology Laboratories Inc.
- Steep Hill Halent Laboratories Inc.
- Digipath Inc.
- Sartorius AG

Product Code: CMI170

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Service Type
- Market Snapshot, By Product Type
- Market Snapshot, By End User
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Acquisitions and Partnerships Scenario
Funding and Investments
PEST Analysis
Porter's Analysis

4. Global Cannabis Testing Market- Impact of Coronavirus (COVID-19) Pandemic

Overall Impact
Government Initiatives
COVID-19 Impact on the Market

5. Global Cannabis Testing Market, By Service Type, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Potency Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Residual Solvent Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Mycotoxin Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Microbial Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Genetic Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Heavy Metal Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Cannabis Testing Market, By Product Type, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Analytical Instruments
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Chromatography
Spectroscopy
Consumables Testing Software & Services
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Breathe Analyzer
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Cannabis Testing Market, By End User, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Cannabis Drug Manufacturers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Cannabis Cultivators/Growers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Research Institutes & Labs
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

8. Global Cannabis Testing Market, By Region, 2019 - 2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
Middle East

9. Competitive Landscape

Company Profiles
Anresco
Company Highlights
Method Portfolio
Key Highlights
Financial Performance
Market Strategies
SC Labs, Inc
Company Highlights
Method Portfolio
Key Highlights
Financial Performance
Market Strategies
CW Analytical Laboratories
Company Highlights
Method Portfolio
Key Highlights
Financial Performance
Market Strategies
Digipath, Inc
EVIO, Inc
Eurofins Scientific
Pure Analytics LLC
Green Scientific Labs
Steep Hills, Inc
PharmLabs
Agilent Technologies Inc.
Shimadzu Scientific Instruments
Restek Corporation
PerkinElmer Inc.
Danaher Corporation
Accelerated Technology Laboratories Inc.
Steep Hill Halent Laboratories Inc.
Digipath Inc.
Sartorius AG

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
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