- Gas Chromatography
- Mass Spectroscopy
- Atomic Spectroscopy
Cannabis is a psychoactive drug that is intended for the use of medicinal and recreational purpose. Cannabis consists of tetrahydocannabinol (THC) that causes the sensation of euphoria, increase in appetite and change in perception. The cannabis is legalized across the world for the medical application and scientific purpose. Australian government allowed cultivation of cannabis plant and commercial exports for the medicinal and scientific purpose. In September 2016, AB SCIEX LLC (U.S.) collaborated with CW Analytical, a cannabis testing laboratory, which develops cannabis testing standards. Industry trends in the market are evolving, which will aid players in developing successful long-term strategies. Both established and emerging markets have implemented business growth techniques. COVID-19 is an unprecedented worldwide public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the projection period. Our continuous study is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. This market research report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.
Fastest Growing Market
Legalization of cannabis in medicinal and scientific purpose and increase in number of testing facilities are the major driving factors for the growth of the market over the forecasted period. In addition, increased adoption of LIMS in cannabis testing laboratories and rise in awareness about the benefits of the cannabis in medicine and research expected to offer significant growth for the market. However, high cost of analytical instruments, lack of trained laboratory professionals and stringent regulatory policies are expected to restrain the growth of the market
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.