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U.S. Cannabis Testing Market - By Technology (Chromatography, Spectroscopy), By Test Type (Potency Testing, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Terpene Testing, Mycotoxin Testing) & Forecast, 2022-2030


Published on: 2024-08-02 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

U.S. Cannabis Testing Market - By Technology (Chromatography, Spectroscopy), By Test Type (Potency Testing, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Terpene Testing, Mycotoxin Testing) & Forecast, 2022-2030

U.S. Cannabis Testing Market Size

U.S. Cannabis Testing Market size accounted for more than USD 1.5 billion in 2021 and is expected to grow at a 10.5% CAGR from 2022 to 2030. Rigorous R&D initiatives to utilize cannabis for treating infections and illnesses will boost the market expansion.
 

U.S. Cannabis Testing Market

Cannabis drug testing has gained traction in the pharmaceutical, sports, and legal sectors. Rigorous regulatory norms implemented by authorities to ensure superior quality of products are set to propel market progress. These authorities are working towards protecting consumer health while also maintaining the efficiency of supervisory conduits for the lawful commercialization of appropriate cannabis-derived products and cannabis.
 

Mounting demand for the legalization of cannabis for medical use is foreseen to augment the U.S. cannabis testing market outlook. The rising commercial and social importance of medical cannabis is encouraging government agencies and private companies to facilitate its legalization. Moreover, several insurance firms are providing reimbursement for the prescription of medical cannabis in states that have legalized the utilization of medical cannabis, which is boosting industry size.
 

Lack of testing standards may restrain industry progression

The lack of testing standardization is projected to restrain the U.S. cannabis testing market growth. There is a strong requirement for effective regulatory and quality management standards for governing accurate and precise dosages of cannabis for medical purposes, however, the lack of uniformity in quality standards across various states has hampered the quality of cannabis-based medicines. Nevertheless, growing legalization trends across different states of the country are likely to enhance the federal testing standards.
 

U.S. Cannabis Testing Market Analysis

U.S. Cannabis Testing Market Share, By Technology

In terms of technology, the U.S. cannabis testing market is categorized into chromatography and spectroscopy. The spectroscopy technology segment is expected to reach USD 1.2 billion by 2030. This is attributed to various benefits offered by spectroscopy technology, including real-time analysis, high throughput, and minimal requirements for sample preparation. In addition, it is relatively more economical than its counterpart, which is slated to accelerate the adoption of spectroscopy.
 

With respect to test type, the U.S. cannabis testing market is divided into pesticide screening, heavy metal testing, residual solvent screening, potency testing, terpene testing, and mycotoxin testing. The residual solvent screening segment is anticipated to capture nearly 14% revenue share by 2030 as a result of its significance in the analysis of highly concentrated forms of cannabis. A Residual Solvent Test (RST) detects harmful solvents, impurities, and other added odorants & chemicals that are present in super-concentrated forms of cannabis, which is increasing the uptake of the test.
 

U.S. Cannabis Testing Market, By Zones

Pacific Central cannabis testing market is estimated to grow at more than 10.5% CAGR over 2022-2030. Due to substantial demand for medical marijuana in states such as California and Oregon, along with favorable regulatory norms pertaining to cannabis testing in the states, the zone is speculated to maintain its dominance in the forthcoming years. Global cannabis testing industry is set to record lucrative growth at over 13.5% CAGR through 2032 attributed to the growing legalization of cannabis in several countries for medical purposes.
 

U.S. Cannabis Testing Market Share

  • Anresco
  • SC Labs, Inc
  • CW Analytical Laboratories
  • Digipath, Inc
  • EVIO, Inc
  • Eurofins Scientific
  • Pure Analytics LLC
  • PSI Labs
  • Green Scientific Labs
  • Steep Hills, Inc

are some of the key U.S. cannabis testing market players. These companies are majorly engaging in organic collaborations and partnerships with private and public firms to expand their customer reach, thereby influencing the overall business scenario.
 

Impact of COVID-19 Pandemic

The impact of the COVID-19 pandemic on the U.S. cannabis testing industry was observed to be optimistic. Several researchers focused on numerous treatment options, including cannabis as its extracts affect the expression of ACE2 and TMPRSS2 protein in human cells.
 

The U.S. cannabis testing market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2030 for the following segments

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By Technology

  • Chromatography
    • Liquid chromatography
    • Gas chromatography
    • Others
  • Spectroscopy
    • Mass spectrometry
    • Atomic spectroscopy
    • Others
  • Others

By Test Type

  • Potency testing
  • Pesticide screening
  • Residual solvent screening
  • Heavy metal testing
  • Terpene testing
  • Mycotoxin testing
  • Others

The above information is provided for the following zones and states

  • North East
    • Connecticut
    • Maine
    • Massachusetts
    • New Hampshire
    • Rhode Island
    • Vermont
    • New Jersey
    • New York
    • Pennsylvania
  • East North Central
    • Illinois
    • Michigan
    • Ohio
  • South Atlantic
    • Delaware
    • Florida
    • Maryland
    • Washington D.C.
    • Virginia
    • West Virginia
  • West North Central
    • Minnesota
    • Missouri
    • North Dakota
    • South Dakota
  • Pacific Central
    • Alaska
    • California
    • Hawaii
    • Oregon
    • Washington
  • Mountain States
    • Arizona
    • Colorado
    • Nevada
    • New Mexico
    • Montana
    • Utah
  • West South Central
    • Arkansas
    • Louisiana
    • Oklahoma

 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )