Cannabis Testing Market Projected to Experience Major Revenue Growth TIll 2025: By Agilent Technologies, PerkinElmer, Inc., Shimadzu Corporation, SCIEX, Merck KGaA, Restek Corporation, Waters, CannaSafe Analytics,And Others – iCrowdNewswire
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Sep 12, 2019 3:30 AM ET

Cannabis Testing Market Projected to Experience Major Revenue Growth TIll 2025: By Agilent Technologies, PerkinElmer, Inc., Shimadzu Corporation, SCIEX, Merck KGaA, Restek Corporation, Waters, CannaSafe Analytics,And Others


Cannabis Testing Market Projected to Experience Major Revenue Growth TIll 2025: By Agilent Technologies, PerkinElmer, Inc., Shimadzu Corporation, SCIEX, Merck KGaA, Restek Corporation, Waters, CannaSafe Analytics,And Others

iCrowd Newswire - Sep 12, 2019

Global Cannabis Testing Market report offers meticulous investigation of current scenario of the global market, which considers numerous market dynamics. This market report identifies and analyses the emerging trends along with key drivers, challenges and opportunities in the industry. Cannabis Testing market report comprises of historic data, present market trends, market environment, technological innovation, upcoming technologies and the technical progress in the related industry. The data and information about Cannabis Testing industry are taken from reliable sources such as websites, annual reports of the companies, and journals, and then validated by the market experts. The Cannabis Testing report covers major manufacturers, suppliers, distributors, traders, customers, investors and major types, major applications.

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MARKET OVERVIEW

The global cannabis testing market accounted to US$ 1,028.2 Mn in 2017 and is expected to grow at a CAGR of 11.9% during the forecast period 2018 – 2025, to account to US$ 2,486.7 Mn by 2025.

Key Competitors In Market are Agilent Technologies, PerkinElmer, Inc., Shimadzu Corporation, SCIEX, Merck KGaA, Restek Corporation, Waters, CannaSafe Analytics, Accelerated Technology Laboratories, Inc., Digipath Labs and among others

Strategic Insights

Approvals and agreements were observed as the most adopted strategy in global cannabis testing industry. Few of the organic developments, inorganic developments and others are listed below:

2018: In January, 2018, SCIEX Diagnostics, a division of SCIEX launched Citrine Triple Quad MS/MS and Citrine  QTRAP MS/MS Systems for clinical diagnostics.

2017: In June, 2017, Waters Corporation received approval for Waters ACQUITY UPLC, ACQUITY UPLC I-Class  System by Brazil’sNational Health Surveillance Agency (ANVISA).

2016: In September 2016, SCIEX entered into a collaboration with CW Analytical (CWAL) to develop fully validated standardized methods to measure pesticides and cannabinoids in Cannabis and Cannabis related products.

Market segmentations:

By Type (Products and Software);

Services (Potency Testing, Terpene Profiling, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Microbial Analysis, and Genetic Testing);

End User (Testing Laboratories, Drug Manufacturers, and Research Institutes)

By Geography North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. And 13 countries globally along with current trend and opportunities prevailing in the region.

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