LONDON–(BUSINESS WIRE)–Technavio predicts the global cannabis-infused edible products market to grow steadily at a CAGR of over 22% during 2020-2024. One of the primary drivers for this market is the rising social acceptance of cannabis. The perception of cannabis being an intoxicant has changed across countries. It is now considered as a profitable business opportunity and has attracted a wide range of vendors and investors worldwide. Cannabis products are widely accepted in countries such as the US, Canada, Spain, Chile, Israel, Germany, and Australia. Moreover, the increasing popularity of recreational marijuana has been contributing to the growth of the global cannabis-infused edible products market. Download Free Sample Report with COVID-19 Impact Analysis
The global cannabis-infused edible products market is a part of the global life sciences tools and services market. The global life sciences tools and services market includes products and companies engaged in R&D of a variety of product categories, including capital equipment, instruments, accessories, and consumables that are used for R&D on pharmaceuticals and biotechnology products and laboratory diagnosis of various diseases. It also covers life sciences related services, including contract research, contract manufacturing, and contract sales. Our research reports provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
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Technavio’s reports are aimed at providing key insights on cannabis-infused edible products markets by identifying the key drivers, trends, and, challenges that are impacting the overall life sciences tools and services market. The research analyses the impact on these factors on the cannabis-infused edible products markets, for the present market scenario and over the forecast period. Technavio’s reports provide a comprehensive analysis on the vendors and their offerings, major growth strategies adopted by stakeholders, and the key happenings in the market.
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Life Sciences Tools and Services: Segmentation
Life science tools and services, the parent market, includes the global cannabis-infused edible products market within its scope and it is further segmented into multiple sub-segments. Technavio’s reports identify the high growth areas and opportunities for vendors operating in each sub-segment of the global cannabis-infused edible products market. The market is segmented as follows:
- Research facilities
- Clinical diagnostics centers/Laboratories
- Life sciences tools
- Life sciences services
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Life Sciences Tools and Services: Geographic Segmentation
The global life sciences tools and services market has been analyzed across key geographical regions to identify region level market dynamics, developments, and the key growth countries for the forecast period. The regional level analysis identifies the market shares, growth momentum, and key leading countries in the market, which include (but are not limited to) the following:
- Asia Pacific (APAC)
- Rest of the world (RoW)
Technavio’s industry coverage utilizes multiple sources and tools to gather information of the multiple stakeholders and their offerings towards the market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the health care supplies market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.
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.
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