Cannabis Testing Services Market Research Report by Type, End-user, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19

The Global Cannabis Testing Services Market size was estimated at USD 373.58 million in 2021 and expected to reach USD 439.16 million in 2022, and is projected to grow at a CAGR 17.73% to reach USD 994.88 million by 2027.

Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Market Segmentation & Coverage:
This research report categorizes the Cannabis Testing Services to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Type, the market was studied across Heavy Metal Testing, Microscopy Testing, Pesticide Screening, Potency Testing, Residual Solvent Screening, and Terpene Profiling.

Based on End-user, the market was studied across Cannabis Cultivators/Growers, Cannabis Drug Manufacturers, and Others (Research Institutes & Labs).

Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Cannabis Testing Services market considering the current update on the conflict and its global response.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Cannabis Testing Services Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Cannabis Testing Services Market, including Agilent Technologies, Inc., Agricor Laboratories, Autoscribe Informatics, Inc., CW Analytical Laboratories, Digipath Inc., Eurofins Scientific, EVIO Inc., Hamilton Company, Merck & Co., Inc., PerkinElmer, Inc., PharmLabs LLC, ProVerde Laboratories, Inc., Restek Corporation, Saskatchewan Research Council, SC Labs, SGS SA, Shimadzu Corporation, Steep Hill Inc., Thermo Fisher Scientific, Inc., and Waters Corporation.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Cannabis Testing Services Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Cannabis Testing Services Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Cannabis Testing Services Market?
4. What is the competitive strategic window for opportunities in the Global Cannabis Testing Services Market?
5. What are the technology trends and regulatory frameworks in the Global Cannabis Testing Services Market?
6. What is the market share of the leading vendors in the Global Cannabis Testing Services Market?
7. What modes and strategic moves are considered suitable for entering the Global Cannabis Testing Services Market?

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Need for standardization in medical cannabis testing
5.1.1.2. Increasing legalization of medical cannabis across regions for easy access to patients
5.1.1.3. Evolving adoption of LIMS in cannabis testing laboratories for medical cannabis & marijuana
5.1.2. Restraints
5.1.2.1. High initial cost of investment in analytical instruments
5.1.3. Opportunities
5.1.3.1. Emergence of large pharma companies in the cannabis market space
5.1.3.2. Growing cannabis testing lab with the latest technology
5.1.4. Challenges
5.1.4.1. Lack of skilled and trained laboratory professionals
5.2. Cumulative Impact of COVID-19

6. Cannabis Testing Services Market, by Type
6.1. Introduction
6.2. Heavy Metal Testing
6.3. Microscopy Testing
6.4. Pesticide Screening
6.5. Potency Testing
6.6. Residual Solvent Screening
6.7. Terpene Profiling

7. Cannabis Testing Services Market, by End-user
7.1. Introduction
7.2. Cannabis Cultivators/Growers
7.3. Cannabis Drug Manufacturers
7.4. Others (Research Institutes & Labs)

8. Americas Cannabis Testing Services Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Cannabis Testing Services Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Cannabis Testing Services Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.1.1. Quadrants
11.1.2. Business Strategy
11.1.3. Product Satisfaction
11.2. Market Ranking Analysis, By Key Player
11.3. Market Share Analysis, By Key Player
11.4. Competitive Scenario
11.4.1. Merger & Acquisition
11.4.2. Agreement, Collaboration, & Partnership
11.4.3. New Product Launch & Enhancement
11.4.4. Investment & Funding
11.4.5. Award, Recognition, & Expansion

12. Company Usability Profiles
12.1. Agilent Technologies, Inc.
12.1.1. Business Overview
12.1.2. Key Executives
12.1.3. Product & Services
12.2. Agricor Laboratories
12.2.1. Business Overview
12.2.2. Key Executives
12.2.3. Product & Services
12.3. Autoscribe Informatics, Inc.
12.3.1. Business Overview
12.3.2. Key Executives
12.3.3. Product & Services
12.4. CW Analytical Laboratories
12.4.1. Business Overview
12.4.2. Key Executives
12.4.3. Product & Services
12.5. Digipath Inc.
12.5.1. Business Overview
12.5.2. Key Executives
12.5.3. Product & Services
12.6. Eurofins Scientific
12.6.1. Business Overview
12.6.2. Key Executives
12.6.3. Product & Services
12.7. EVIO Inc.
12.7.1. Business Overview
12.7.2. Key Executives
12.7.3. Product & Services
12.8. Hamilton Company
12.8.1. Business Overview
12.8.2. Key Executives
12.8.3. Product & Services
12.9. Merck & Co., Inc.
12.9.1. Business Overview
12.9.2. Key Executives
12.9.3. Product & Services
12.10. PerkinElmer, Inc.
12.10.1. Business Overview
12.10.2. Key Executives
12.10.3. Product & Services
12.11. PharmLabs LLC
12.11.1. Business Overview
12.11.2. Key Executives
12.11.3. Product & Services
12.12. ProVerde Laboratories, Inc.
12.12.1. Business Overview
12.12.2. Key Executives
12.12.3. Product & Services
12.13. Restek Corporation
12.13.1. Business Overview
12.13.2. Key Executives
12.13.3. Product & Services
12.14. Saskatchewan Research Council
12.14.1. Business Overview
12.14.2. Key Executives
12.14.3. Product & Services
12.15. SC Labs
12.15.1. Business Overview
12.15.2. Key Executives
12.15.3. Product & Services
12.16. SGS SA
12.16.1. Business Overview
12.16.2. Key Executives
12.16.3. Product & Services
12.17. Shimadzu Corporation
12.17.1. Business Overview
12.17.2. Key Executives
12.17.3. Product & Services
12.18. Steep Hill Inc.
12.18.1. Business Overview
12.18.2. Key Executives
12.18.3. Product & Services
12.19. Thermo Fisher Scientific, Inc.
12.19.1. Business Overview
12.19.2. Key Executives
12.19.3. Product & Services
12.20. Waters Corporation
12.20.1. Business Overview
12.20.2. Key Executives
12.20.3. Product & Services

13. Appendix
13.1. Discussion Guide
13.2. License & Pricing