Key Findings
Cannabis testing is majorly carried out to detect the presence of heavy metals, impurities, residual solvents, pesticides or chemicals in order to assure the safety of cannabis for medicinal use. The North American cannabis testing market is expected to grow at a healthy CAGR of 10.51% over the forecast years of 2018-2026.
Market Insights
The presence of major industry players such as Restec Corporation and Thermo Fisher Inc is hugely responsible for driving the market growth in this region. Also, the increasing use of cannabis testing in the medical research and treatment due to its legalization in over 25 US states has hugely contributed to the market expansion. The market segments include by testing method, end-users, cannabis type and product and software segments.
Competitive Insights
Perkinelmer Inc, Agilent Technologies Inc, Cmt Laboratories Inc, Restek Corporation, Thermo Fisher Scientific Inc, AB Sciex Llc, Sigma-Aldrich (Acquired By Merck Group), Genentech Scientific and Cannasafe Analytics are some of the noted market players in this region.