Cannabis Testing Market Booming Worldwide with Key Players | Agilent Technologies, Inc., MERCK KGAA, Shimadzu Corporation. - PowerPoint PPT Presentation

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Cannabis Testing Market Booming Worldwide with Key Players | Agilent Technologies, Inc., MERCK KGAA, Shimadzu Corporation.

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The Global Cannabis Testing Market valued at $1.1 billion (2021) is set to witness a healthy growth rate of 14% in the next 5 years. – PowerPoint PPT presentation

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Title: Cannabis Testing Market Booming Worldwide with Key Players | Agilent Technologies, Inc., MERCK KGAA, Shimadzu Corporation.


1
Cannabis Testing Market Booming Worldwide with
Key Players Agilent Technologies, Inc., MERCK
KGAA, Shimadzu Corporation.
2
The Global Cannabis Testing Market valued at 1.1
billion (2021) is set to witness a healthy growth
rate of 14 in the next 5 years. Some of the
major factors propelling the global cannabis
testing market include the legalisation of
medical cannabis, the rise in the number of
cannabis laboratories in key market like the
U.S., the growing adoption of laboratory
information management systems (LIMS) in cannabis
testing laboratories, and support from
governments for the legalisation of medical
marijuana in LATAM and Europe. Legalization of
Medical Cannabis and Increasing Number of
Cannabis Testing Laboratories in Key Markets such
as the U.S. Bolsters the Cannabis Testing
Market Citing the benefits of medical cannabis,
governments in various countries are legalizing
its use. Israel, Australia, North Korea, Spain,
Portugal, Canada, Portugal, Germany, Italy,
Brazil, and the Netherlands are just a few of the
countries that have recently legalised the use of
medical cannabis. In the United States, 37
states, 4 U.S. territories and the District of
Columbia have all legalized the use of medicinal
cannabis. Due to the growing legalization and
increased adoption of cannabis testing, the
demand for the analytical testing of cannabis to
ensure that the products are contamination-free
and safe for human consumption has grown. The
number of cannabis testing laboratories is
expanding to meet the rising demand for cannabis
testing.
3
  • Explore Premium Report on Cannabis Testing Market
    _at_ https//meditechinsights.com/cannabis-testing-ma
    rket/
  • Strong Government Support for Legalization of
    Medical Marijuana in LATAM and Selected European
    Countries Likely to Open New Growth Avenues for
    the Cannabis Testing Market
  • Across Europe, there is considerable variation in
    the regulatory approach to medical cannabis
  • Countries such as the UK, the Netherlands, Poland
    and Portugal have well-established medical
    cannabis legislation
  • Government of Greece and UK approved the
    legalization of cannabis for medical use in 2018,
    while Germany made it legal for doctors to
    prescribe medical cannabis in 2017.
  • In December 2021, Malta legalized the cultivation
    and personal use of cannabis and in October 21,
    Luxembourg legalized cannabis production, and
    consumption
  • Medical marijuana is legal in Argentina, Brazil,
    Chile, Colombia, Ecuador, México, Panama,
    Paraguay, and Perú
  • In March 2022, Costa Rica also legalized medical
    marijuana
  • Legal right to use marijuana for medical
    purposes will improve the lives of patients who
    presently rely on multiple ineffective
    medications. Medical marijuana use is anticipated
    to alleviate patients symptoms of epilepsy,
    multiple sclerosis, chemo-induced nausea, and
    chronic pain.- Director, Leading Epilepsy
    Foundation, Panama

4
Competitive Landscape Analysis of Cannabis
Testing Market The global cannabis testing market
is marked by the presence of key players such as
Agilent Technologies, Inc., Shimadzu Corporation,
MERCK KGAA, Thermo Fisher Scientific, DigiPath,
Inc., Steep Hill Inc., SC Laboratories, Inc.,
PharmLabs LLC, andsothers. For More Detailed
Insights, Contact Us _at_ https//meditechinsights.co
m/contact-us/ About Medi-Tech Insights Medi-Tech
Insights is a healthcare-focused business
research insights firm. Our clients include
Fortune 500 companies, blue-chip investors
hyper-growth start-ups. We have completed 100
projects in Digital Health, Healthcare IT,
Medical Technology, Medical Devices Pharma
Services. Contact Ruta Halde Associate,
Medi-Tech Insights 32 498 86 80
79 info_at_meditechinsights.com 
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