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Home > Healthcare & Medical Devices > Cannabis Testing Market

Cannabis Testing Market - by Technology (Chromatography {Liquid Chromatography, Gas Chromatography}, Spectroscopy {Mass Spectrometry, Atomic Spectroscopy}), By Test (Potency Testing, Pesticide Screening, Heavy Metal Testing, Terpene Testing, Mycotoxin Testing) & Forecast, 2023 – 2032

  • Report ID: GMI3567
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Statistics

Cannabis Testing Market size was valued at more than USD 7 billion in 2022 and is set to record lucrative growth at over 13.5% CAGR through 2032 attributed to the growing legalization of cannabis in several countries for medical purposes.


Cannabis Testing Market

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As marijuana usage becomes more recognized and legal in the United States, the Netherlands, South Africa, and other parts of the world, there is a rising demand for precise and reliable analysis of cannabis products. While several governments have approved the recreational use of cannabis, the number of cannabis testing facilities has increased. Moreover, several government institutions and business players are realizing the commercial and social significance of authorized medicinal cannabis, which is projected to boost market growth.
 

Lack of uniform quality standards to slow down cannabis testing market landscape

Administering a precise dosage of cannabis for medical uses necessitates strict regulatory and quality control standards. Moreover, quality requirements in different nations are not consistent. For instance, distinct state laws and variances govern cannabis for both medicinal and adult usage in the United States. Different techniques used by various approved laboratories might result in discrepant findings and incorrect information about the cannabinoid content of cannabis. However, government authorities are taking efforts to increase market integrity and consumer access to correct information, which is likely to positively influence the industry trends.
 

Investments in new technologies to favor chromatography segment expansion

Cannabis Testing Market Share, By Technology

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Cannabis testing market from chromatography segment is expected to generate a valuation of around USD 17.5 billion by 2032. Chromatographic methods are gaining prominence for cannabis testing as they provide quick and accurate results. Furthermore, reputed laboratories are investing in new technologies to enhance their service offering, which is likely to propel segment development. Additionally, its automation and configurability allow Smithers to analyze the most recent advancements in cannabis and terpenes methodologies and provide customers with a route toward strain phenotyping.
 

Mandatory requirement for pesticide screening to promote industry forecast

 

Authors: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

Global market for cannabis testing was worth more than USD 7 billion in 2022 and is poised to grow at over 13.5% CAGR through 2032 owing to the increasing legalization of cannabis in several countries for medical purposes.

Chromatography technology segment is expected to account for around USD 17.5 billion by the end of 2032 owing to the growing adoption of chromatographic methods for quick and accurate results.

Europe cannabis testing market is estimated to grow at more than 14% CAGR from 2023 to 2032 attributed to the ongoing efforts by key business players to develop cutting-edge technology and products.

Some of the prominent enterprises operating in the market are Green Scientific Labs, EVIO, Anandia Labs, Eurofins Scientific, Anresco, Eirlab, Digipath, SC Labs, Pure Analytics, PSI Labs LLC, Steep Hill, and Phytovista Laboratories, among others.

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  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 289
  • Countries covered: 24
  • Pages: 250
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