Report : Europe Cannabis Testing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Chromatography Instruments, Spectroscopy, Consumables, and Software); Service (Potency Testing, Terpene Profiling Testing, Pesticide Screening, Residual Solvent Testing, Heavy Metal Testing, Microbial Analysis, and Genetic Testing); End User (Testing Laboratories, Drug Manufacturers, and Research Institutes), and Country
Chromatography instruments by product segment is estimated to lead the market growth during the forecast period
According to a new market research study of “Europe Cannabis Testing Unit Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product, Service and End User,” the market is projected to reach US$ 770.30 million by 2027 from US$ 431.58 million in 2019. The market is estimated to grow at CAGR of 7.7% from 2020 to 2027. The report highlights trends prevailing in the Europe cannabis testing market and the factors driving market along with those that act as hindrances.
Based on product, the Europe cannabis testing market is segmented into chromatography instruments, spectroscopy, consumables, and software. The chromatography instruments segment held the largest share of the market in 2019. The medical segment is further segmented into liquid chromatography and gas chromatography. In 2019, by liquid chromatography held a larger market share, and is expected to dominate the market during the forecast period. As the procedure doesn’t require heating process and provides accurate analysis compared to the other methods it is widely preferred in the analysis of cannabinoids, mycotoxins, and pesticides. Thus, chromatography is one of the most popular methods to test cannabis.
The growth of the market in the region is attributed to the factors such as increasing government funding and focus for cannabis use and increasing demand for research activities to improve the quality of cannabis. However, the cannabis used as a street drug and trouble with CBD oil are the factors negatively impacting the growth of the market in the coming years.
Agilent Technologies, Inc; Perkin Elmer, Inc; Shimadzu Corporation; Sciex (Danaher); Merck KGaA; Restek Corporation; Waters; Cannasafe Analytics; Accelerated Technology Laboratories, Inc, and Digipath Inc. are among the leading companies operating in the Europe cannabis testing market.
The report segments Europe cannabis testing market as follows:
- Chromatography Instruments
- Liquid Chromatography
- Gas Chromatography
- Spectroscopy
- Mass Spectrometry
- Atomic Spectrometry
- Consumables
- Standard and CRMs
- Software
By Service
- Potency Testing
- Terpene Profiling
- Pesticide Screening
- Residual Solvent Screening
- Heavy Metal Testing
- Microbial Analysis
- Genetic Testing
By End User
- Testing Laboratories
- Drug Manufacturers
- Research Institutes
By Country
- Germany
- UK
- France
- Spain
- Italy
- Portugal
- Rest of Europe
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