Analysis of The Cannabis Testing Market Size by Research Nester Reveals the Market to Grow with a CAGR of approximately 13.5% During 2024-2036 and Attain Around 27.6 Billion by 2036

Research Nester’s recent market research analysis on “Cannabis Testing Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global cannabis testing market in terms of market segmentation by test, technology, end-use, product & software, portability, and by region.
The Increasing Legalization of Cannabis Therapeutics Will Increase the Global Market Share of Cannabis Testing Market
The business for cannabis testing is expected to increase significantly during the forecast period as a consequence of the legalization of cannabis for medicinal purposes creating new growth prospects for testing labs.
Numerous medicinal uses for medical cannabis have been demonstrated to be successful, such as decreasing intraocular pressure in glaucoma patients, AIDS patients' nausea from chemotherapy, AIDS patients' appetite stimulation, multiple sclerosis patients' muscle spasm management, and AIDS patients' nausea from chemotherapy.
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Some of the major growth factors and challenges that are associated with the growth of the global cannabis testing market are:
Growth Drivers:
• Increasing the Use of Cannabis Testing In Chemotherapy
• Development of New Medical Testing Technologies
Challenges:
Costly, sophisticated analytical equipment must be purchased and maintained by laboratories, which requires a large financial commitment. Operating expenses are increased by software requirements, credentials, licenses (such as ISO certification processes), equipment standardization and updates, and the demand for qualified personnel.
The cannabis testing market is divided into two segments based on the technology of chemotherapy and spectroscopy. The chemotherapy segment will hold the highest growth during the forecast period due to the increasing implementation of chemotherapy globally. Chromatography methods are widely employed in the removal of contaminants. They can effectively remove heavy metals, fungicides, pesticides, herbicides, synergists, and other pollutants from cannabis and hemp extracts at a reasonable cost. Reducing the amount of tetrahydrocannabinol (THC) in cannabis extracts is another application for chromatography.
By region, the North American cannabis testing market is to generate the highest revenue with a percentage of almost 65% by the end of 2036. Over the anticipated period, the cannabis testing industry is expected to experience a major growth in the APAC region as well. the Asia-Pacific area offers the highest financial rewards for cannabis testing which drives the expansion of the cannabis testing sector in this region. This is because more people are using LIMS, cannabis is now legal for both medical and recreational purposes, and domestic production is increasing, all of which are factors in the market's expansion.
This report also provides the existing competitive scenario of some of the key players of the global cannabis testing market which includes company profiling of Agilent Technologies Inc., Merck KGaA, Restek Corporation, PerkinElmer Inc., Danaher Corporation, Accelerated Technology Laboratories Inc., Steep Hill Halent Laboratories Inc., Digipath Inc., SC Labs, GreenLeaf Lab, Shimadzu Scientific Instruments, CBD LAB GROUP, Alps Electric Co., LTD. EMC Test Lab, Anritsu Customer Support Co. Ltd. EMC Center, and others.
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https://www.researchnester.com/reports/cannabis-testing-market/6206
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