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NEW YORK, Sept. 17, 2023 /PRNewswire/ — THE Cannabis testing market It is expected to grow in size 1.50 billion US dollars From 2022 to 2027. In addition, the market momentum will advance at a rate of A CAGR 13.06% During the forecast period, according to Technavio research. The market has been segmented by product (tools, consumables, software), end user (cannabis cultivators/growers, cannabis pharmaceutical manufacturers, etc.), and geography (North America, Europe, Asia Pacific, Western countries). 50% Of the global market growth will arise from north america During the forecast period. The United States and Canada are the two major markets for the North American cannabis testing market. Moreover, the market growth in this region will be faster than the market growth in other regions. Factors such as the growing adoption of information management solutions will facilitate the growth of the North American cannabis testing market. Hence, these factors drive the growth of the cannabis testing market during the forecast period. This report provides an updated analysis of the current market scenario, latest trends, drivers and overall market environment. Read the free report template in PDF format
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Company profile:
AB SCIEX LLC, Agilent Technologies Inc., Cannasis, CannaSafe Analytics, Digipath Inc., Merck KGaA, PerkinElmer Inc., Shimadzu Corp., Thermo Fisher Scientific Inc., Waters Corp.
AB Sykes LLC – The company provides LC-MS equipment for cannabis testing.
• To access more vendor profiles available with Technavio, purchase the report!
Cannabis Testing Market: Segmentation Analysis
By sector – Tool sector It will be great during the forecast period. Factors such as advances in instrumentation in recent years have increased their adoption in the global cannabis testing market. Learn about the contribution of each segment summarized in brief diagrams and comprehensive descriptions. View a free PDF report template
“Besides analyzing the current market scenario, our report examines historical data from 2017 to 2021.” Technavio
Cannabis Testing Market: Driver and Trend:
driver
- The use of cannabis for medical purposes is increasing
- Increasing adoption of information management solutions
- Increase global awareness about the benefits of cannabis
Increase global awareness about the benefits of cannabis It drives the growth of the cannabis testing market. There is a growing awareness around the world about the benefits of cannabis due to the launch of multiple awareness initiatives. Furthermore, countries such as the US, UK and New Zealand are hotspots where cannabis awareness initiatives are being implemented to reach a large audience. Likewise, in New Zealand, Medical Cannabis Awareness NZ is a national charity. This encourages cannabis education to the public and medical fraternity. Hence, these factors drive the growth of the cannabis testing market during the forecast period.
Strategic alliances between market vendors are a major trend in the cannabis testing market. Identify key trends, drivers and challenges in the market. Download to access this information.
Related reports:
the Cannabidiol market The volume is expected to increase by USD 23,023.51 million and the market size is estimated to grow at a CAGR of 16.28% between 2022 and 2027. The market is segmented by source, distribution channel and geography. Legislation and regulatory changes regarding cannabidiol are driving the market growth.
the Legal cannabis market The volume is expected to increase by US$54,572.33 million and the market size is expected to grow at a CAGR of 21.6% between 2022 and 2027. The market is segmented by product, derivatives type and geography. Decriminalizing cannabis and legalizing it in more countries expands the global reach of the legal cannabis industry and opens up new markets.
What key data is covered in the Cannabis Testing Market report?
- Compound annual growth rate of the market during the forecast period
- Detailed information on the factors that will drive the growth of the Cannabis Testing market between 2020 and 2025.
- Accurate estimation of the Cannabis Testing market size and its contribution to the market with focus on the parent market
- Accurate forecasts about upcoming trends and changes in consumer behavior
- The cannabis testing market is growing across North America, Europe, Asia, and Russia
- Comprehensive analysis of the market competitive landscape and detailed information about vendors
- Comprehensive analysis of the factors that will challenge the growth of the Cannabis Testing market vendors.
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table of contents:
Executive summary
Market view
Market sizing
Historical market sizes
Five forces analysis
Market segmentation by product
Market segmentation by geography
Customer scene
Geographic landscape
Drivers, challenges and trends
Company landscape
Company analysis
excess
About Technavio
Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions.
With over 500 dedicated analysts, Technavio’s report library consists of over 17,000 and growing reports, covering 800 technologies, and spanning 50 countries. Their client base consists of companies of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research and actionable market insights to identify opportunities in current and potential markets and evaluate their competitive positions within market scenarios Changing.
Contacts
Technavio Research
Jesse Maeda
Media and Marketing Officer
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
Source Technavio
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