Product, software, and service like Analytical instruments, cannabis testing software, and services and consumables are the segmentation of the Cannabis Testing Market. It was based on the type, geography, and the End User. Adaptation of LIMS testing cannabis was the other factor of market booting and it grew the awareness. High cost involved the testing of cannabis and it was used some instruments was the major drawback in the growth of the market.
Cannabis Market Testing
It had the study period of 2017 to 2025 and it had the base year of 2019. Asia pacific is given the fastest growing market. North America was the largest market and it had an 11.3% CAGR in the forecast period. Medical cannabis approval growth will increase the growth of the market. Many neurological and mental disorders used many cannabis extraction methods. Depression was one of the mental disorders. There are 264 million people affected due to the depression problem. Compared to men women are mostly affected by depression. And all types of ages are affected by the depression problem.
Scope of the Report
The report scope proved cannabis effectiveness in different types of medical applications like stimulating the appetite in AIDS, multiple sclerosis patients, chemotherapy, etc. The testing of cannabis was the analytical testing of cannabis. And it was ensuring the safety of human consumption. By type, geography, and product or software was the segmentation of the report.
Trends on Key Market
Exponential growth was given by the cannabis testing and it had the globe across adaptation. It was used for treating various diseases like mental disorders, neurological disorders. The extraction of cannabis gives the leading growth of the market. It was used for human consumption.
Key Market Trends
The cannabis testing market is dominated by analytical instruments. It raises the patient pool which helps for the growth of the market. The extraction of the cannabis is heavy metals, residual solvents, terpene profile, fungal growth and aflatoxins, and mycotoxins. And it makes the products safe while we generate the investment for revenues.
North America Domination in the Forecast Period
North America aimed to dominate the overall market through the forecast period. The high prevalence of chronic diseases in the region is the most affecting factor. The United States makes the maximum share of the high number of patients and healthcare policies in the healthcare market.
Product and Service/Software
- Analytical Instruments
- Cannabis Testing services and software
- Potency testing
- Terpene testing
- Residual solvent screening
- By End-User
- Cannabis Drug Dispensaries and Manufacturers
- North America
- Middle East Africa
- South America
It was a moderately competitive market for cannabis with several major players. Some companies are dominating recently there are Agilent Technologies and Steep Hill Talent Laboratories. In 2019, 450 million people are suffering from mental disorders among the causes of global disability.