Monday, April 3, 2017

#Cannabis Testing Market to Reach $1.4 Billion by 2021 - Driven by Growing Number of Cannabis Testing Laboratories

#Cannabis Testing Market to Reach $1.4 Billion by 2021 - Driven by Growing Number of Cannabis Testing Laboratories

DUBLIN - March 31, 2017 (Investorideas.com Newswire) Research and Markets has announced the addition of the "Cannabis Testing Market - Global Forecast to 2021" report to their offering.
The global cannabis testing market is expected to reach USD 1,416.3 Million by 2021 from USD 822.0 Million in 2016, at a CAGR of 11.5% during the forecast period (2016-2021).
The growth in this market is mainly driven by factors such as legalization of medical cannabis, coupled with the growing number of cannabis testing laboratories (specifically in the U.S.); growing adoption of LIMS in cannabis testing laboratories; and increasing awareness through conferences, symposia, and workshops. On the other hand, the high cost of analytical instruments, presence of alternative technologies, and dearth of skilled professionals are some of the major factors that are expected to restrain the growth of this market in the coming years.
This report segments the cannabis testing market into cannabis testing products (analytical instruments and consumables) & software (Cannabis LIMS), cannabis testing services, end users, and regions. On the basis of products, the market is broadly categorized into two segments, namely, analytical instruments and consumables. The consumables segment is expected to grow at the highest CAGR during the forecast period owing to their recurring requirement and repetitive usage.
Companies Mentioned:
  • AB Sciex LLC
  • Accelerated Technology Laboratories, Inc.
  • Agilent Technologies, Inc.
  • Digipath, Inc.
  • Millipore Sigma
  • Perkinelmer, Inc.
  • Pharmlabs LLC
  • Restek Corporation
  • SC (Science of Cannabis) Laboratories, Inc.
  • Shimadzu Corporation
  • Steep Hill Halent Laboratories, Inc.
  • Waters Corporation
Key Topics Covered:
  • Introduction
  • Research Methodology
  • Executive Summary
  • Premium Insights
  • Market Overview
  • Industry Insights
  • Cannabis Testing Market, By Product and Software
  • Cannabis Testing Services Market, By Type
  • Cannabis Testing Market,By End User
  • Cannabis Testing Market, By Region
  • Competitive Landscape
  • Company Profiles
  • Appendix
For more information about this report visit http://www.researchandmarkets.com/research/nzcslq/cannabis_testing
Media Contact:
Laura Wood, Senior Manager
press@researchandmarkets.com
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