The global Cannabis Testing Market generated $1.02 billion in 2019, and is estimated to generate $2.44 billion by 2027, witnessing a CAGR of 11.9% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, top segments, value chain, key investment pockets, competitive scenario, and regional landscape.
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Ascend sought after for pot authorization in a few nations for clinical purposes, flood in reception of LIMS in marijuana testing research centers, and joint efforts between significant organizations drive the development of the worldwide pot testing market. Notwithstanding, high beginning up costs for pot testing research centers thwart the market development. Then again, undiscovered possibility in arising economies sets out new open doors before very long.
Coronavirus Situation:
During the lockdown forced by states during the Coronavirus pandemic, numerous pot testing labs were to some degree or totally shut. Also, there have been disturbances in the production network and limited development of individuals.
Many market players that offer items and programming to the weed testing market saw decrease in the deals of instruments and consumables because of various factors, for example, closure of labs, diminished number of marijuana tests, and limitations on import and product.
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In view of end client, the pot drug producers section held the most elevated piece of the pie, representing almost 50% of the worldwide pot testing market in 2019, and is supposed to proceed with its lead position during the gauge time frame. Besides, this section is projected to depict the most noteworthy CAGR of 12.4% from 2020 to 2027.
In light of area, North America held the most elevated piece of the pie in 2019, representing the greater part of the complete market, and is supposed to proceed with its predominant offer regarding income all through the figure period. Nonetheless, LAMEA is supposed to show the quickest CAGR of 14.1% during the gauge time frame.
Driving players of the worldwide marijuana testing market dissected in the exploration incorporate Danaher Enterprise, Agilent Advancements Inc., PerkinElmer, Merck KGAA, SC Labs, Restek Organization, Steep Slope, Shimadzu Company, Thermo Fisher Logical, and Waters Partnership.
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