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The global cannabis testing market size is estimated to grow by USD 1.50 billion at a CAGR of 13.06% between 2022 and 2027. Cannabis used for medical purposes is called medical cannabis or medicinal marijuana. Medical cannabis contains a variety of compounds collectively known as cannabinoids. The two key compounds are tetrahydrocannabinol (THC) and cannabidiol (CBD). Several other types of cannabinoids are found in cannabis strains, but the most commonly found compounds are THC and CBD. These compounds primarily combat the pain symptoms of several diseases. Furthermore, a variety of cannabis testing products that test potency and check for contamination in finished cannabis products are widely used by pharmaceutical companies around the world to ensure regulatory compliance and product safety. Hence, increasing the use of cannabis for medical purposes will boost the growth of the global market throughout the forecast period. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
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The market is experiencing significant growth due to the increasing legalization of marijuana for medicinal and recreational purposes. With the rise in demand for high-quality and safe cannabis products, the need for accurate and reliable testing solutions has become mandatory. Companies like Pesticides, Heavy Metals, Residual Solvents, and Laboratories are playing a crucial role in ensuring the safety and quality of cannabis products. The use of advanced technologies such as Gas Chromatography, Mass Spectrometry, and High-Performance Liquid Chromatography enables these laboratories to detect and quantify various contaminants, including pesticides, heavy metals, and residual solvents. The implementation of stringent regulations and standards by regulatory bodies like the Cannabis Board and the Food and Drug Administration further emphasizes its importance. Moreover, the increasing awareness among consumers regarding the potential health risks associated with contaminated cannabis products is driving the demand for testing services. Incentives such as Mycotoxins and Microbiological testing are also gaining popularity in the market. Overall, the market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for safe and high-quality cannabis products.
Technavio has segmented the market into Product, End-user, and Geography. The product segment includes consumables, instruments, and software. The end-user segment includes cannabis cultivators/growers, cannabis drug manufacturers, and others. The geography segment includes key regions such as North America, Europe, APAC, and Rest of World (ROW) The industry caters to medical cannabis laboratories, utilizing advanced analytical instruments for potency testing, terpene profiling, pesticide screening, residual solvent analysis, heavy metal testing, and microbial analysis. These testing services ensure consumer safety and adherence to regulatory standards in the medicinal cannabis industry. Recent advancements in analytical testing instruments, such as chromatography, spectroscopy, and PCR systems, have streamlined testing protocols, reducing costs and analysis time for cannabis testing laboratories. PerkinElmer's new kit, launched in March 2021, is an example of these advancements, offering easy operation and reduced experience requirements for analytical chemistry. The therapeutic potential of cannabis for conditions like chemotherapy-induced nausea, chronic pain, and various diseases, including AIDS and multiple sclerosis, necessitates rigorous testing. Contaminants, such as microbes, pesticides, heavy metals, and residual solvents, can impact shelf life and consumer safety. Therefore, the adoption of these testing products and services is crucial in the biopharmaceutical industry and life science research.
The market share growth by the consumables segment will be significant during the forecast period. This market includes reusable glassware, laboratory equipment, and solvents for the extraction step of chromatography, and reagents for sample preparation. The sample preparation step is very important because samples containing impurities can lead to erroneous results when separated by chromatography or mass spectrometers.
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The consumables segment was valued at USD 661.99 million in 2017. Sigma-Aldrich, a subsidiary of Merck, is the largest supplier of consumables to the global market. The supplier offers a wide range of consumables for testing chromatography systems and mass spectrometers. In addition, consumables are made of materials compatible with high-performance liquid chromatography (HPLC) and liquid chromatography-mass spectrometry (LC-MS) instruments. Hence, increasing the use of consumables and market players' innovation allowing for higher detection resolution are some of the key reasons that will drive market growth during the forecast period.
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North America is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. A key factor driving the growth of the North American market is the increasing use of cannabis-based products. The availability of better laws and regulations governing the use of cannabis in medical applications is expected to further fuel the growth of the market.
The industry in North America is thriving due to the legalization of medical and recreational cannabis. The laboratories utilize advanced analytical testing methods, such as chromatography, spectroscopy, and PCR systems, for potency testing, terpene profiling, pesticide screening, residual solvent analysis, heavy metal testing, and microbial analysis. These services are crucial for the medicinal cannabis industry, particularly for patients suffering from conditions like nausea caused by chemotherapy, chronic pain, and diseases such as AIDS, epilepsy, MS, and glaucoma. The high costs associated with these testing services ensure consumer safety and adherence to regulatory standards in the biopharmaceutical industry and life science research. The therapeutic potential of cannabis necessitates rigorous testing protocols for contaminants like microbes, pesticides, heavy metals, and residual solvents, ensuring shelf life and consumer safety.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Waters Corp.: The company offers cannabis-testing solutions that cover a broad range of applications, from accurate potency testing and terpene profiling to contaminate testing for pesticides, residual solvents, heavy metals, and mycotoxins.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Cannabis industry has seen significant growth in recent years, leading to an increased demand for robust and accurate testing solutions. The market plays a crucial role in ensuring the safety and quality of various Cannabis products, including Cannabis flowers, concentrates, edibles, and beverages. Laboratories use advanced techniques such as High Performance Liquid Chromatography (HPLC), Gas Chromatography (GC), and Mass Spectrometry (MS) to analyze the potency, terpene profile, and contaminant levels of these products. Moreover, regulatory bodies like the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA) have set strict guidelines for Cannabis testing, making it mandatory for businesses to comply with these regulations. This has led to an increase in the demand for accredited cannabis testing laboratories that can provide accurate and reliable test results. The Lims system is a crucial component of the Cannabis testing process, enabling laboratories to manage their sample data, workflows, and reporting efficiently. The use of AI and machine learning algorithms in testing equipment and LIMS systems further enhances the accuracy and speed of the testing process. In conclusion, the market is a vital segment of the Cannabis industry, ensuring the safety, quality, and regulatory compliance of various Cannabis products. The use of advanced techniques, LIMS systems, and regulatory guidelines are driving the growth of this market. There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
Increasing global awareness about the benefits of cannabis is the key factor driving the growth of the market. There are several initiatives around the world to raise awareness of the benefits of cannabis. Countries such as the US, UK, and New Zealand are key countries where cannabis awareness campaigns are carried out to reach large audiences.
Therefore, as awareness campaigns about the benefits of cannabis increase around the world, it is likely that many players will enter the market, especially those from related industries such as pharmaceuticals and food and beverages, the result is demand for test products and solutions. Such factors are expected to drive the growth of the market during the forecast period.
Growing promotional activities regarding cannabis testing is the primary trend in the market. Vendors should fully communicate the features and benefits of their products to their audience. Unlike other analyzers, brand and product awareness play a limited role in selling cannabis testing devices. Advertising and marketing of these products are restricted, and awareness of such products is severely lacking.
However, market leaders have dedicated product pages with interactive videos to enhance knowledge for pharmaceutical companies and cannabis product makers. Twitter and YouTube are also popular digital media platforms for major market players to promote their key products and increase their product visibility online. Hence, such factors will drive the market growth during the forecast period.
Long-term side effects due to excessive use are challenges that affect the growth of the market. Controlled and supervised use of cannabis is beneficial to the body, but overuse can cause long-term side effects. People smoke marijuana in hand-rolled cigarettes, pipes and hookahs. Repeated smoking of cannabis/marijuana causes respiratory problems leading to chronic cough, phlegm and acute bronchitis. Additionally, simultaneous use of cannabis and alcohol aggravates the damage to the body.
Long-term cannabis use can also have psychological effects. Marijuana usually takes 10 minutes to take effect after being smoked. Cannabis triggers chemical reactions in the brain that cause brain dysfunction, causing memory impairment and short-term memory loss. Therefore, the consumption of cheap illegal cannabis without medical supervision is likely to impede the growth of the market during the forecast period.
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The market report includes the adoption lifecycle of the market forecast, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
The market is experiencing significant growth due to the increasing legalization of marijuana for medicinal and recreational purposes. With the rise in demand for high-quality and safe cannabis products, laboratories are employing advanced testing techniques to ensure consumer safety and regulatory compliance. It involves analyzing various components of the plant, including cannabinoids, terpenes, heavy metals, pesticides, and residual solvents. Laboratories use techniques like High-Performance Liquid Chromatography (HPLC), Gas Chromatography (GC), and Mass Spectrometry (MS) to identify and quantify these compounds. Moreover, regulatory bodies like the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA) have set strict guidelines for cannabis testing.
Compliance with these regulations is crucial for cannabis businesses to operate legally and maintain consumer trust. Factors driving this growth include increasing legalization, growing consumer awareness, and the need for standardization in the industry. In conclusion, the market is a critical component of the cannabis industry, ensuring product safety, quality, and regulatory compliance. With the legal landscape continuing to evolve and consumer demand for safe and effective products increasing, the market for cannabis testing is poised for continued growth.
The market is experiencing significant growth due to the increasing legalization of medical cannabis across various regions. With the rising number of patients, including those suffering from AIDS patients, multiple sclerosis patients, and glaucoma patients, there is a growing demand for accurate potency testing services and other service type to ensure the quality and efficacy of cannabis-based medications. The market is also influenced by factors such as the stringent regulations governing prescription medications and the need for reliable methods to detect harmful substances like insecticides. Additionally, regulatory initiatives such as the Farm Bill have spurred the development of professionals offering diverse service types to cater to the evolving needs of the industry.
The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.06% |
Market growth 2023-2027 |
USD 1.50 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
12.02 |
Regional analysis |
North America, Europe, APAC, and Rest of World (ROW) |
Performing market contribution |
North America at 50% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agilent Technologies Inc., Analytical Center Biopharm GmbH, Bio Rad Laboratories Inc., Danaher Corp., Digipath Inc., Eurofins Scientific SE, KNAUER Wissenschaftliche Gerate GmbH, LabWare Inc., Merck KGaA, Mettler Toledo International Inc., PerkinElmer Inc., Sartorius AG, SGS SA, Shimadzu Corp., Thermo Fisher Scientific Inc., Waters Corp., AmSpec Services LLC, and Medicinal Genomics Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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