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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 @

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.

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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.

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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.

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Market Data Forecast
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