Cannabis Testing Market reach US$ 2,960.20 million by 2028; it is expected to grow at a CAGR of 10.1% from 2021 to 2028 – Press Release

Cannabis Testing Market

The cannabis testing market was valued at US$ 1,512.06 million in 2021 and is projected to reach US$ 2,960.20 million by 2028; it is expected to grow at a CAGR of 10.1% from 2021 to 2028.

Cannabis testing is used in variety of applications that includes determining the concentration of cannabis in various analytical samples such as pharmaceutical drugs, and detection of contaminants such as bacteria and fungi. Further, it is also performed for determination of trace metals such as arsenic and cadmium that can adversely impact health if remained unchecked. These tests are performed with various analytical techniques, such as chromatography analysis, spectrometry, ELISA, and polymerase chain reaction (PCR).

In addition to the above, the information is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2021 to 2028. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the report also speaks about the effectiveness of the Cannabis Testing Market along with its growth during the forecast period of 2028. Other major attributes of the market have been studied and analyzed across many developments. This paints a picture of a solid hold of the market for the forthcoming period.

The key players covered in this study
• Purpl Scientific
• Orange Photonics, Inc
• Agilent Technologies, Inc.
• SHIMADZU CORPORATION
• Merck KGaA
• Restek Corporation
• WATERS
• CannaSafe Analytics
• Accelerated Technology Laboratories, Inc.
• Digipath Inc

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Segmentation
The Global Cannabis Testing Market has been segmented on the basis of different aspects. The market is also segmented according to region. This segmentation has been followed with the goal of extracting insights into the Cannabis Testing Market that are both detailed as well as accurate. The Global Cannabis Testing Market has been segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa on the basis of region

Research Methodology
The report has its roots definitely set in thorough strategies provided by the proficient data analysts. The research methodology involves the collection of information by analysts only to have them studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand and supply connection. The market methodologies adopted in the report offer precise data analysis and provides a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as SEC filings, annual reports, and white papers have been used by data analysts for an insightful understanding of the market. The research methodology clearly reflects an intent to extract a comprehensive view of the market by having it analyzed against many parameters. The valued inputs enhance the report and offer an edge over the peers.

Drivers & Constraints
The Global Cannabis Testing Market rests united with the incidence of leading players who keep funding to the market’s growth significantly every year. The report studies the value, volume trends, and the pricing structure of the market so that it could predict maximum growth in the future. Besides, various suppressed growth factors, restraints, and opportunities are also estimated for the advanced study and suggestions of the market over the assessment period.

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This release was published on openPR.

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