Money, Fiance News, Press Release Distribution
Financial News and Press Release Distribution Services

Submit RSS Feed | About US | Contact Us





Home | Personal Finance News | Submit Press Release
Unlimited Press Release Distribution
Press release distribution service

Money News Media
Bankrate
CNBC
CNNMoney
Finacial Times
FOX Business
Moneynews


Money News Now


USNews
Reuters Money
RSS News Feed
Get your news feed listed here as other news media shown above! Submit RSS News Feed

Personal Finance News Releases

Market Data Forecast estimates Cannabis Testing Market at USD 860 million in 2016 and to reach USD 1.5 billion by 2021 with North America leading the market




(MoneyNewsWire.Net, January 03, 2018 ) The Global Cannabis Testing Market was worth USD 860 million in 2016 and estimated to be growing at a CAGR of 12.3%, to reach USD 1530 million by 2021. Cannabis Testing can be defined as the various methods of drug testing for detecting the use of cannabis in an individual in the fields of sport, medicine and law. There are many ways in which cannabis use can be detected, some of them are urine testing, hair testing, blood testing and saliva testing among others. Unlike the detection of alcohol by using breathalysers, detecting cannabis use by any test takes considerable amount of time. A few tests like Duquenois-Levine test can be used for quick detection but itís not reliable since it gives false positive results for many other substances than cannabinoids.

Browse Market data tables and in-depth TOC of the Global Cannabis Testing Market to 2021 @ https://www.marketdataforecast.com/market-reports/cannabis-testing-market-3020/

Among various methods of testing, cannabis usage by taking urine samples can be detected up to 2-5 days after exposure in infrequent users and up to 15 days in heavy users. Through saliva testing, usage can be detected in a short time window of only 3 days, but the advantage being it can detect compounds with concentration as less as 0.5 ng/mL. Though blood testing is not frequently used as the procedure is invasive, it can detect usage within 12-24 hours window in infrequent users and 7 days in heavy users. Hair testing has the special feature of detecting usage even after 90 days of exposure and can detect concentration as low as 1 pg/mg of sample.

The Global Cannabis Testing market is driven by factors like rising number of accidents under the influence of cannabis, legalisation of cannabis for medical and recreational purposes in various parts of the world, increasing number of seminars, conferences in order to increase awareness about the tests, expanding number of cannabis testing laboratories and growing usage of LIMS among others. The restraints that this market is facing are high price of instruments for testing cannabis usage, less number of skilled professionals and presence of alternative technologies.

Free sample of the report is available @ https://www.marketdataforecast.com/market-reports/cannabis-testing-market-3020/request-sample

The Global Cannabis Testing market is segmented on the basis of product & software into analytical instruments, consumables and software. Based on testing procedures, the market is divided into terpene profiling, potency testing, residual solvent screening, pesticide screening, genetic testing, heavy metal testing and microbial analysis. Potency testing has the highest market share in this segment. On the basis of end-users, the market is divided into cannabis cultivators, laboratories, drug manufacturers & dispensaries, and research institutes. Laboratories accounted for the largest market share in this segment owing to rising demand for cannabis testing software in labs.

The Global market for Cannabis Testing is geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America has the leading market share in the world, accounting to around 34% and is also the fastest growing market. North America is followed by Europe in share. Developing countries in Asia-Pacific region are expected to witness the highest growth rate going on the basis of country. Growing awareness about drug testing and reduction in prices are the major driving factors in these countries.

Inquire before buying @ https://www.marketdataforecast.com/market-reports/cannabis-testing-market-3020/inquire

Some of the major players in the market include Agilent Technologies, Inc., Shimadzu Corporation, Waters Corporation, PerkinElmer, Inc., AB SCIEX LLC, Millipore Sigma, Restek Corporation, LabLynx, Inc. (U.S.), Steep Hill Labs, Inc., PharmLabs, LLC, SC Laboratories, Inc., Digipath Labs, Inc., CannaSafe Analytics, and Accelerated Technology Laboratories, Inc.

About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.

Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail:abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases



Market Data Forecast

Abhishek

+1-888- 702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com


Personal Finance News
  • Auto
  • CDs
  • College
  • Credit Cards
  • Insurance
  • Mortgage
  • Mutual Funds
  • Retirement
  • Savings
  • Taxes

  • Money RSS Marketpalce

    Free Finance Magazines Downloads
    Get free publications including magazines, white papers on finance, investments.
    Submit RSS news feed on Finance, Investment.
    Have your feed on news, products or services displayed under this marketpalce. The feed also displayed on a full page and updated daily.



    Money NewsWire is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month or $999 per year, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2009 GroupWeb Media LLC

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    Money-NewsWire.Net ô - Newswire and Press Release service of GroupWeb Media LLC