Global Cannabis Testing Market Growth Opportunities

Global Cannabis Testing Market Growth Opportunities

New Product Development that Improves the Sensitivity of Analytical Instrumentation will Help Meet Stringent Regulatory Requirements

RELEASE DATE
30-Nov-2021
REGION
Global
Research Code: K65B-01-00-00-00
SKU: TM00680-GL-MT_26021
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Description

With the growing legalization of adult recreational and medicinal cannabis, there is an increasing need for rigorous and accurate analytical testing to assure consumer safety. This has increased the demand for analytical testing instruments. Analytical instrumentation applications include regulatory compliance testing, product manufacturing, quality control, and laboratory automation solutions. A variety of analytical instruments and techniques are used in cannabis testing applications, including gas chromatography, liquid chromatography, gas chromatography-mass spectrometry (GC-MS), liquid chromatography-mass spectroscopy (LC-MS), inductively-coupled plasma mass spectroscopy (ICP-MS), and X-ray diffraction spectroscopy. Among these, key analytical techniques for cannabis testing are liquid chromatography and liquid chromatography-mass spectrometry. However, these methods have a high cost of ownership and require sample production and extensive training for operation. Infrared spectroscopy, on the other hand, an alternative testing method, is more in demand than some other analytical techniques since it does not need sample production and is not time-consuming.

Cannabinoids, terpenes, residual solvents, pesticides, heavy metals, and microbes are among the analytes of interest. Food & beverages, academics, government research & testing, pharmaceuticals, biotechnology, contract research organization, and research are the key end-user sectors.

The study considers markets in North America, Europe, Asia-Pacific, and the rest of the world.

Author: Janani Balasundar

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Analytical Instrumentation in the Cannabis Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Analytical Instrumentation in the Cannabis Testing Market—Overview

Analytical Instrumentation in the Cannabis Testing Market—Segmentation

Analytical Instrumentation in the Cannabis Testing Market—Segmentation (continued)

Analytical Instrumentation in the Cannabis Testing Market—Segmentation (continued)

Key Competitors in Market

Key Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Product

Revenue Forecast by Region

Revenue Forecast by Application

Revenue Forecast by Vertical

Revenue Forecast Analysis

Revenue Forecast by Application

Revenue Forecast by Vertical

Revenue Forecast by Region

Pricing Trends Analysis

Competitive Environment

Market Share

Market Share Analysis

Product Analysis

Product Analysis (continued)

Product Analysis (continued)

Product Analysis (continued)

Key Growth Metrics

Key Findings

Revenue Forecast

Revenue Forecast by Product

Forecast Discussion

Key Growth Metrics

Key Findings

Revenue Forecast

Revenue Forecast by Product

Forecast Discussion

Key Growth Metrics

Key Findings

Revenue Forecast

Forecast Discussion

Growth Opportunity 1: The Legalization of Cannabis will Drive the Demand for Analytical Testing

Growth Opportunity 1: The Legalization of Cannabis will Drive the Demand for Analytical Testing (continued)

Growth Opportunity 2: Emerging Economies will Drive the Demand for Cannabis Testing

Growth Opportunity 2: Emerging Economies will Drive the Demand for Cannabis Testing (continued)

Growth Opportunity 3: Specialized Cannabis Testing Analyzers will be in Demand for Cannabis Testing

Growth Opportunity 3: Specialized Cannabis Testing Analyzers will be in Demand for Cannabis Testing (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Related Research
With the growing legalization of adult recreational and medicinal cannabis, there is an increasing need for rigorous and accurate analytical testing to assure consumer safety. This has increased the demand for analytical testing instruments. Analytical instrumentation applications include regulatory compliance testing, product manufacturing, quality control, and laboratory automation solutions. A variety of analytical instruments and techniques are used in cannabis testing applications, including gas chromatography, liquid chromatography, gas chromatography-mass spectrometry (GC-MS), liquid chromatography-mass spectroscopy (LC-MS), inductively-coupled plasma mass spectroscopy (ICP-MS), and X-ray diffraction spectroscopy. Among these, key analytical techniques for cannabis testing are liquid chromatography and liquid chromatography-mass spectrometry. However, these methods have a high cost of ownership and require sample production and extensive training for operation. Infrared spectroscopy, on the other hand, an alternative testing method, is more in demand than some other analytical techniques since it does not need sample production and is not time-consuming. Cannabinoids, terpenes, residual solvents, pesticides, heavy metals, and microbes are among the analytes of interest. Food & beverages, academics, government research & testing, pharmaceuticals, biotechnology, contract research organization, and research are the key end-user sectors. The study considers markets in North America, Europe, Asia-Pacific, and the rest of the world. Author: Janani Balasundar
More Information
No Index No
Podcast No
Author Janani Balasundar
Industries Test and Measurement Instrumentation
WIP Number K65B-01-00-00-00
Keyword 1 Medical Cannabis Market
Keyword 2 Medical Cannabis Industry Growth
Keyword 3 Cannabis Testing Market
Is Prebook No
GPS Codes 9404-A5,9594,9ACC-A5,9593