The cannabis testing market size is estimated to be USD 1,192.7 million in 2022 and is expected to witness a CAGR of 16.5% during the forecast period 2023-2033. increasing use of LIMS in cannabis testing facilities, growing consciousness, legalizing cannabis for medicinal use, and the expanding number of marijuana testing facilities are factors contributing to the market growth. However, inconsistent laws and regulations, and the high price attached to the entry-level is expected to hinder the growth.

Segmentation

By Services

Based on services, the market is segregated into heavy metal testing, microbial analysis, potency testing, pesticide screening, residual solvent analysis, terpene profiling, and other services. In 2022, the potency testing segment held the highest market share owing to rising interest in determining the potency of different cannabinoids, rising cannabis quality inspections to guarantee correct product labelling in the medicinal and recreational industries, and growing use of efficient potency testing methods for evaluating substances.

By Product & Software

On the basis of product & software, the market is categorized into spectroscopy instruments, analytical instruments, consumables, software, and other analytical instruments. In 2022, the software segment held the highest market share due to the rise of interest in cannabis screening, and increasing cannabis legalization.

By End User

Based on end user, the market is bifurcated into research institutes and cannabis testing laboratories. In 2022, the research institutes segment held the highest market share owing to the increasing use of cannabis in clinical studies by the major pharmaceutical companies and the rising recognition of marijuana as a treatment.

Regional Markets

In 2022, North America region accounted for the highest revenue in the cannabis testing market and is expected to maintain its dominance during the forecast period. This is attributed to the existence of major companies in the market for cannabis testing and the well-established pharmaceuticals enterprise. However, the Asia-Pacific region is predicted to grow at the fastest rate during the projection period owing to the increasing financial commitments from the pharmaceutical and biotechnology industries, expanding the study of biological sciences, the increasing number of cannabis testing facilities in these regions, the expanding number of pharmaceuticals sector, and legalising marijuana for medicinal purposes.

Competitor Insights

Some of the key players operating in the cannabis testing market are Thermo Fisher Scientific (US), Steep Hill Inc. (US), Shimadzu Corporation (Japan), SGS Canada Inc. (Canada), SC Laboratories, Inc. (US), Saskatchewan Research Council (Canada), PharmLabs LLC (US), MERCK KGAA (Germany), GreenLeaf Lab (US), DigiPath, Inc. (US), CW ANALYTICAL (US), and Agilent Technologies, Inc. (US).

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including services, product & software, and end user from 2023 to 2033

Report Scope:

Segmentation: Cannabis Testing Market Report 2022 – 2033

Services (Revenue, USD Million), 2022 – 2033

• Heavy Metal Testing
• Microbial Analysis
• Potency Testing
• Pesticide Screening
• Residual Solvent Analysis
• Terpene Profiling
• Other Services

Product & Software (Revenue, USD Million), 2022 – 2033

• Spectroscopy Instruments
  • Atomic Spectroscopy Instruments
  • Mass Spectrometry Instruments
• Analytical Instruments
  • Chromatography Instruments
    • Gas Chromatography
    • Liquid Chromatography
    • Other Chromatography Instruments
  • Consumables
    • Sample Handling Products
    • Columns
    • Supplies & Accessories
    • Reference Standards
  • Software
  • Other Analytical Instruments

By End User (Revenue, USD Million), 2022 – 2033

• Research Institutes
• Cannabis Testing Laboratories
  • Large-scale Laboratories
  • Medium-scale Laboratories
• Small-scale Laboratories

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA