DUBLIN–(BUSINESS WIRE)–The “Cannabis Testing Services Market Research Report by Type, End-user, and Region – Global Forecast to 2026 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

Insights on the Cannabis Testing Services Global Market to 2026 - Featuring Agilent Technologies, CE Analytical and EVIO Labs Among Others - ResearchAndMarkets.com

The Global Cannabis Testing Services Market size was estimated at USD 318.46 million in 2020, is expected to reach USD 373.58 million in 2021, and projected to grow at a CAGR of 17.64% reaching USD 844.28 million by 2026.

Competitive Strategic Window

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Cannabis Testing Services Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Cannabis Testing Services Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Cannabis Testing Services Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Cannabis Testing Services Market?

4. What is the competitive strategic window for opportunities in the Global Cannabis Testing Services Market?

5. What are the technology trends and regulatory frameworks in the Global Cannabis Testing Services Market?

6. What is the market share of the leading vendors in the Global Cannabis Testing Services Market?

7. What modes and strategic moves are considered suitable for entering the Global Cannabis Testing Services Market?

Market Dynamics

Drivers

  • Need for standardization in medical cannabis testing
  • Increasing legalization of medical cannabis across regions for easy access to patients
  • Evolving adoption of LIMS in cannabis testing laboratories for medical cannabis & marijuana

Restraints

  • High initial cost of investment in analytical instruments

Opportunities

  • Emergence of large pharma companies in the cannabis market space
  • Growing cannabis testing lab with the latest technology

Challenges

  • Lack of skilled and trained laboratory professionals

Companies Mentioned

  • Agilent Technologies, Inc.
  • Agricor Laboratories
  • Autoscribe Informatics
  • CW Analytical
  • Danaher Corporation
  • DigiPath, Inc
  • Eurofins Scientific
  • EVIO Labs
  • GreenLeaf Lab
  • Hamilton Company
  • Merck & Co. Inc
  • PerkinElmer, Inc.
  • PharmLabs LLC
  • Praxis Laboratory
  • ProVerde Laboratories, Inc
  • RESTEK CORPORATION
  • Saskatchewan Research Council
  • SC Laboratory
  • SGS Canada Inc.
  • Shimadzu Corporation
  • Steep Hill, Inc.
  • Thermo Fisher Scientific, Inc
  • Waters Corporation

For more information about this report visit https://www.researchandmarkets.com/r/gqlf05

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