prnewswireSeptember 28, 2021
Tag: Cannabis , Technavio , Testing Market
The cannabis testing market in the Life Sciences Tools & Services industry is poised to grow by $ 1.20 bn during 2021-2025. Technavio's latest market research report estimates that the cannabis testing market will be progressing at a CAGR of about 13%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SCIEX LLC, Agilent Technologies Inc., Cannalysis, CannaSafe Analytics, Digipath Inc., Merck KGaA, PerkinElmer Inc., Shimadzu Corp., Thermo Fisher Scientific Inc., and Waters Corp. are some of the major market participants. The increasing use of cannabis for medical purposes will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Product
Instruments
Consumables
Software
Geography
North America
Europe
APAC
ROW
Buy our market report now to gain access to detailed analysis on the cannabis testing market: https://www.technavio.com/talk-to-us?report=IRTNTR44033
To help businesses improve their market position, the cannabis testing market provides a detailed analysis of around 25 vendors operating in the market.
Cannabis Testing Market size
Cannabis Testing Market trends
Cannabis Testing Market industry analysis
Market trend such as increasing global awareness about the benefits of cannabis is likely to emerge as one of the primary drivers of the market. However, factors such as the high cost of analytical products may threaten the growth of the market.
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Backed with competitive intelligence and benchmarking, our research reports on the cannabis testing market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
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CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist cannabis testing market growth during the next five years
Estimation of the cannabis testing market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the cannabis testing market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of cannabis testing market vendors
Market ecosystem
Value chain analysis
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market segments
Comparison by Product
Instruments - Market size and forecast 2020-2025
Consumables - Market size and forecast 2020-2025
Software - Market size and forecast 2020-2025
Market opportunity by Product
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
Asia - Market size and forecast 2020-2025
ROW - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor landscape
Landscape disruption
Overview
Vendors covered
Market positioning of vendors
AB SCIEX LLC
Agilent Technologies Inc.
Cannalysis
CannaSafe Analytics
Digipath Inc.
Merck KGaA
PerkinElmer Inc.
Shimadzu Corp.
Thermo Fisher Scientific Inc.
Waters Corp.
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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