LONDON–(BUSINESS WIRE)–Technavio has been monitoring the global cannabis testing market since 2017 and the market is expected to grow by USD 793 million during 2018-2022, progressing at a CAGR of more than 12% during the forecast period. Request free sample pages
Read the 121-page report with TOC on “Cannabis Testing Market Analysis Report by Product (Instruments, Consumables, and Software), Geography (Americas, APAC, and EMEA), and the Segment Forecasts, 2018-2022”.
The market is driven by the increasing use of cannabis for medical purposes. In addition, the emergence of luxury cannabis products is anticipated to boost the growth of the cannabis testing market.
Medical cannabis, also known as medical marijuana is rich in compounds such as tetrahydrocannabinol (THC) and Cannabidiol (CBD), which are widely used in addressing pain symptoms in multiple diseases. In addition, several clinical studies have proven the efficacy of cannabis in relieving the symptoms in a variety of diseases. These factors have increased the use of cannabis in medicinal applications, which is supporting the growth of the global cannabis testing market.
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Major Five Cannabis Testing Market Companies:
Agilent Technologies operates its business through segments such as Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The company offers a wide range of cannabis testing products. Some of its key offerings include 7800 ICP-MS, Intuvo 9000 GC System, and MassHunter.
Merck Group operates its business through segments such as Healthcare, Life Science, and Performance Materials. The company offers a wide range of cannabis testing products. QuEChERS reagents, Ascentis Express U/HPLC columns, and Supel Tox SPE cartridges are some of its key offerings.
PerkinElmer operates its business through segments such as Discovery & Analytical Solutions and Diagnostics. The company offers a wide range of cannabis testing products. Some of its key offerings include Spectrum Two FT-IR Spectrometer, PinAAcle 900H Atomic Absorption Spectrometer, Avio 200 ICP Optical Emission Spectrometer, and Clarus 690 GC.
Shimadzu operates its business through segments such as Analytical and Measuring Instruments, Medical Systems, Aircraft Equipment, Industrial Machinery, and Other. The company offers a wide range of cannabis testing products. Some of its key offerings include Cannabis Analyzer for Potency, GCMS-QP2020 Gas Chromatograph Mass Spectrometer, GCMS-QP2020 Gas Chromatograph Mass Spectrometer, and ICPMS-2030 Inductively Coupled Plasma Mass Spectrometer.
Thermo Fisher Scientific
Thermo Fisher Scientific operates its business through segments such as Analytical Instruments, Specialty Diagnostics, Life Sciences Solutions, and Laboratory Products and Services. TruNarc Handheld Narcotics Analyzer is one of its key offerings. This product is used for the detection of synthetic cannabinoids.
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Technavio has segmented the cannabis testing market based on the product and region.
Cannabis Testing Product Outlook (Revenue, USD Million, 2018 – 2022)
Cannabis Testing Regional Outlook (Revenue, USD Million, 2018 – 2022)
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Related Reports on Consumer Staples are:
Global Medical Marijuana Market – Global medical marijuana market by geography (APAC, Europe, MEA, North America, and South America) and application (chronic pain, nausea, and others).
Global Cannabis-based Alcoholic Beverage Market – Global cannabis-based alcoholic beverages market by product (cannabis-infused beers, cannabis-infused spirits, and cannabis-infused wines) and geography (APAC, Europe, MEA, North America, and South America).
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