LONDON–(BUSINESS WIRE)–Technavio has been monitoring the cannabis testing market and it is poised to grow by USD 1.03 billion during 2020-2024, progressing at a CAGR of almost 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Sciex LLC, Agilent Technologies Inc., Cannalysis, CannaSafe Analytics, Digipath Inc., Merck KGaA, PerkinElmer Inc., Shimadzu Corp., Thermo Fisher Scientific Inc., and Waters Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The use of cannabis for medical purposes has been instrumental in driving the growth of the market.

Cannabis Testing Market 2020-2024: Segmentation

Cannabis Testing Market is segmented as below:

• Product
  • Instruments
  • Consumables
  • Software
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44033

Cannabis Testing Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our cannabis testing market report covers the following areas:

• Cannabis Testing Market size
• Cannabis Testing Market trends
• Cannabis Testing Market analysis

This study identifies the emergence of luxury cannabis products as one of the prime reasons driving the cannabis testing market growth during the next few years.

Cannabis Testing Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the cannabis testing market, including some of the vendors such as AB Sciex LLC, Agilent Technologies Inc., Cannalysis, CannaSafe Analytics, Digipath Inc., Merck KGaA, PerkinElmer Inc., Shimadzu Corp., Thermo Fisher Scientific Inc., and Waters Corp. Backed with competitive intelligence and benchmarking, our research reports on the cannabis testing market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Cannabis Testing Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist cannabis testing market growth during the next five years
• Estimation of the cannabis testing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the cannabis testing market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cannabis testing market vendors

Table Of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Instruments – Market size and forecast 2019-2024
• Consumables – Market size and forecast 2019-2024
• Software – Market size and forecast 2019-2024
• Market opportunity by Product

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• APAC – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• AB Sciex LLC
• Agilent Technologies Inc.
• Cannalysis
• CannaSafe Analytics
• Digipath Inc.
• Merck KGaA
• PerkinElmer Inc.
• Shimadzu Corp.
• Thermo Fisher Scientific Inc.
• Waters Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.