EUROPE CANNABIS TESTING MARKET FORECAST 2017-2025
KEY FINDINGS
The Europe Cannabis Testing market is predicted to grow at a CAGR of 10.45% for the forecast period of 2017 - 2025, generating a net worth of $164 million.
MARKET INSIGHTS
The market segments includes testing methods ( eg: potency cannabis testing, terpene profiling cannabis testing, residual solvent screening cannabis testing, heavy metal cannabis testing, genetic cannabis testing, and microbial analysis cannabis testing), end-users ( laboratories, research industries), product and software segments and Cannabis type( topical, Solid edible, liquid edible and inhaling cannabis). Although the market looks promising, a lack of uniform industry standards and high costs related to laboratory analytical instruments might prove challenging for the market growth.
COMPETITIVE INSIGHTS
Some of the prominent players in this market include Agilent Technologies Inc, Sigma-Aldrich, Digipath Inc, Millipore Sigma, Perkinelmer Inc, Steep Hill Halent Laboratories Inc, Pharma labs Llc, CMT Laboratories Inc, Eli Lilly, Waters Corporation, Thermo Fisher Scientific Inc, Lablynx Inc, and AB SCIEX LLC.
The Europe Cannabis Testing market is predicted to grow at a CAGR of 10.45% for the forecast period of 2017 - 2025, generating a net worth of $164 million.
MARKET INSIGHTS
The market segments includes testing methods ( eg: potency cannabis testing, terpene profiling cannabis testing, residual solvent screening cannabis testing, heavy metal cannabis testing, genetic cannabis testing, and microbial analysis cannabis testing), end-users ( laboratories, research industries), product and software segments and Cannabis type( topical, Solid edible, liquid edible and inhaling cannabis). Although the market looks promising, a lack of uniform industry standards and high costs related to laboratory analytical instruments might prove challenging for the market growth.
COMPETITIVE INSIGHTS
Some of the prominent players in this market include Agilent Technologies Inc, Sigma-Aldrich, Digipath Inc, Millipore Sigma, Perkinelmer Inc, Steep Hill Halent Laboratories Inc, Pharma labs Llc, CMT Laboratories Inc, Eli Lilly, Waters Corporation, Thermo Fisher Scientific Inc, Lablynx Inc, and AB SCIEX LLC.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. KEY FINDINGS
3.1.1. STEADY GROWTH IN LEGALIZATION OF CANNABIS FOR MEDICAL USE
3.1.2. FUNDING FROM PUBLIC AND PRIVATE INSTITUTIONS IN THE CANNABIS INDUSTRY IS AN IMPORTANT OPPORTUNITY
4. MARKET DYNAMICS
4.1. ETYMOLOGY OF THE CANNABIS TESTING MARKET
4.2. MARKET DEFINITION AND SCOPE
4.3. MARKET DRIVERS
4.3.1. LABORATORY ANALYSIS SYSTEMS BEING USED INCREASINGLY FOR CANNABIS TESTING
4.3.2. INCREASE IN THE NUMBER OF LABORATORIES FOR THE RESEARCH AND TESTING OF CANNABIS
4.3.3. LEGALIZATION OF THE MEDICAL USE OF CANNABIS
4.3.4. INCREASING AWARENESS REGARDING CANNABIS BENEFITS
4.4. MARKET RESTRAINTS
4.4.1. LACK OF GLOBAL INDUSTRY STANDARDS
4.4.2. HIGH COST OF ANALYTICAL INSTRUMENTS USED FOR CANNABIS TESTING
4.5. MARKET OPPORTUNITIES
4.5.1. INCREASING LEGALISATION IN DIFFERENT COUNTRIES IN EUROPE
4.5.2. INCREASE IN FUNDING FOR CANNABIS TESTING
4.6. MARKET CHALLENGES
4.6.1. SHORTAGE OF SKILLED PROFESSIONALS
4.6.2. HIGH CAPITAL REQUIRED FOR INITIAL SETUP
5. MARKET SEGMENTATION
5.1. CANNABIS TESTING MARKET BY TESTING METHODS
5.1.1. TERPENE PROFILING CANNABIS TESTING MARKET
5.1.2. HEAVY METAL CANNABIS TESTING MARKET
5.1.3. MICROBIAL ANALYSIS CANNABIS TESTING MARKET
5.1.4. GENETIC CANNABIS TESTING MARKET
5.1.5. RESIDUAL SOLVENT SCREENING CANNABIS TESTING MARKET
5.1.6. POTENCY CANNABIS TESTING MARKET
5.1.7. PESTICIDE SCREENING CANNABIS TESTING MARKET
5.2. CANNABIS TESTING MARKET BY PRODUCT & SOFTWARE
5.2.1. CANNABIS TESTING PRODUCTS MARKET
5.2.1.1. ANALYTICAL INSTRUMENTS
5.2.1.2. CONSUMABLES
5.2.2. CANNABIS TESTING SOFTWARE MARKET
5.3. CANNABIS TESTING MARKET BY CANNABIS TYPE
5.3.1. CANNABIS TESTING MARKET BY SOLID EDIBLE CANNABIS
5.3.2. CANNABIS TESTING MARKET BY INHALING CANNABIS
5.3.3. CANNABIS TESTING MARKET BY LIQUID EDIBLE CANNABIS
5.3.4. CANNABIS TESTING MARKET BY TOPICAL CANNABIS
5.4. CANNABIS TESTING MARKET BY END-USER
5.4.1. CANNABIS TESTING MARKET IN LABORATORIES
5.4.2. CANNABIS TESTING MARKET IN RESEARCH INSTITUTIONS
6. KEY ANALYTICS
6.1. PORTER’S 5 FORCE MODEL
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS
6.1.3. BARGAINING POWER OF BUYER
6.1.4. BARGAINING POWER OF SUPPLIER
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. KEY TRENDS
6.2.1. INCREASING LEGALISATION OF MEDICAL MARIJUANA IS GIVING RISE TO DEVELOPING STANDARDS
6.2.2. PESTICIDE SCREENING TO PROMISE GROWTH OPPORTUNITY
6.3. OPPORTUNITY MATRIX
6.4. LEGAL POLICY AND REGULATORY FRAMEWORK
6.5. KEY BUYING CRITERIA
6.5.1. COST
6.5.2. REQUIREMENT
6.5.3. EFFECTIVENESS
6.6. INDUSTRY COMPONENTS
6.7. INVESTMENT OPPORTUNITIES
6.7.1. INVESTMENT OPPORTUNITIES BY COUNTRIES
6.7.2. INVESTMENT OPPORTUNITIES BY TYPE SEGMENT
7. GEOGRAPHICAL ANALYSIS
7.1. EUROPE
7.1.1. UNITED KINGDOM
7.1.2. FRANCE
7.1.3. GERMANY
7.1.4. REST OF EUROPE
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIES AND ANALYSIS
8.1.1. MERGER & ACQUISITION (M& A)
8.1.2. PRODUCT LAUNCH
8.1.3. PARTNERSHIPS
8.2. MARKET SHARE ANALYSIS
8.3. TOP COMPANY ANALYSIS
8.3.1. THERMO FISHER SCIENTIFIC
8.3.2. SHIMADZU CORP.
8.3.3. AGILENT TECHNOLOGIES
8.3.4. WATERS CORP.
8.3.5. STEEP HILL HALENT LABORATORIES
8.4. COMPANY PROFILES
8.4.1. ACCELERATED TECHNOLOGY LABORATORIES, INC.
8.4.2. AGILENT TECHNOLOGIES INC.
8.4.3. ELI LILLY
8.4.4. PERKIN ELMER, INC.
8.4.5. ANRESCO LABORATORIES
8.4.6. DIGIPATH, INC
8.4.7. CMT LABORATORIES, INC.
8.4.8. CANNASAFE ANALYTICS
8.4.9. MILLIPORE SIGMA
8.4.10. STEEP HILL HALENT LABORATORIES, INC.
8.4.11. PHARMA LABS LLC
8.4.12. RESTEK CORPORATION
8.4.13. SC LABORATORIES, INC
8.4.14. THERMO FISHER SCIENTIFIC INC
8.4.15. SHIMADZU CORPORATION
8.4.16. WATERS CORPORATION
8.4.17. SIGMA ALDRICH (Acquired by MERCK group)
8.4.18. AB SCEIX LLC
Table LIST
Table 1 EUROPE CANNABIS TESTING MARKET BY TESTING METHODS 2017-2025 ($ MILLION)
Table 2 EUROPE CANNABIS TESTING PRODUCTS BY TESTING METHOD 2017-2025 ($ MILLION)
Table 3 EUROPE CANNABIS TESTING MARKET BY COUNTRY 2017-2025 ($ MILLION)
Table 4 KEY PLAYERS IN UK
Table 5 KEY PLAYERS IN FRANCE
Table 6 KEY PLAYERS IN GERMANY
Table 7 KEY PLAYERS IN REST OF EUROPE
Figure LIST
Figure 1 EUROPE CANNABIS TESTING MARKET SHARE BY COUNTRY 2016-2025 (%)
Figure 2 EUROPE LABORATORIES CANNABIS TESTING MARKET 2017-2024 ($ MILLION)
Figure 3 EUROPE POTENCY TESTING MARKET 2017-2025 ($ MILLION)
Figure 4 CANNABIS TESTING MARKET TIMELINE
Figure 5 INDUSTRY PROCESS FLOW: CANNABIS INDUSTRY (CANNABIS TESTING MARKET)
Figure 6 EUROPE PESTICIDE SCREENING CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 7 NO. OF SCIENTIST & TECHNICIANS PER 10,000 EMPLOYEES
Figure 8 EUROPE CANNABIS TESTING MARKET SHARE BY TYPE 2016 & 2025
Figure 9 EUROPE TERPENE PROFILING CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 10 EUROPE HEAVY METAL CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 11 EUROPE MICROBIAL ANALYSIS CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 12 EUROPE GENETIC CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 13 EUROPE RESIDUAL SOLVENT SCREENING CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 14 EUROPE POTENCY CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 15 EUROPE PESTICIDE SCREENING CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 16 EUROPE CANNABIS TESTING MARKET SHARE BY PRODUCT & SOFTWARE 2016
Figure 17 EUROPE CANNABIS TESTING PRODUCT MARKET 2017-2025 ($ MILLION)
Figure 18 EUROPE CANNABIS TESTING ANALYTICAL INSTRUMENTS MARKET 2017-2025 ($ MILLION)
Figure 19 EUROPE CANNABIS TESTING CONSUMABLES MARKET 2017-2025 ($ MILLION)
Figure 20 EUROPE CANNABIS TESTING SOFTWARE MARKET 2017-2025 ($ MILLION)
Figure 21 EUROPE CANNABIS TESTING MARKET SHARE BY END USER 2016 & 2025
Figure 22 EUROPE CANNABIS TESTING MARKET IN LABORATORIES BY GEOGRAPHY 2017-2025 ($ MILLION)
Figure 23 EUROPE CANNABIS TESTING MARKET IN LABORATORIES 2017-2025 ($ MILLION)
Figure 24 EUROPE CANNABIS TESTING MARKET IN RESEARCH INSTITUTES 2017-2025 ($ MILLION)
Figure 25 SEE-SAW ANALYSIS FOR CANNABIS TESTING MARKET
Figure 26 UNITED KINGDOM CANNABIS TESTING 2017-2025 ($ MILLION)
Figure 27 FRANCE CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 28 GERMANY CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 29 REST OF EUROPE CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 30 MARKET SHARE OF TOP COMPANIES IN CANNABIS TESTING MARKET 2016
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. KEY FINDINGS
3.1.1. STEADY GROWTH IN LEGALIZATION OF CANNABIS FOR MEDICAL USE
3.1.2. FUNDING FROM PUBLIC AND PRIVATE INSTITUTIONS IN THE CANNABIS INDUSTRY IS AN IMPORTANT OPPORTUNITY
4. MARKET DYNAMICS
4.1. ETYMOLOGY OF THE CANNABIS TESTING MARKET
4.2. MARKET DEFINITION AND SCOPE
4.3. MARKET DRIVERS
4.3.1. LABORATORY ANALYSIS SYSTEMS BEING USED INCREASINGLY FOR CANNABIS TESTING
4.3.2. INCREASE IN THE NUMBER OF LABORATORIES FOR THE RESEARCH AND TESTING OF CANNABIS
4.3.3. LEGALIZATION OF THE MEDICAL USE OF CANNABIS
4.3.4. INCREASING AWARENESS REGARDING CANNABIS BENEFITS
4.4. MARKET RESTRAINTS
4.4.1. LACK OF GLOBAL INDUSTRY STANDARDS
4.4.2. HIGH COST OF ANALYTICAL INSTRUMENTS USED FOR CANNABIS TESTING
4.5. MARKET OPPORTUNITIES
4.5.1. INCREASING LEGALISATION IN DIFFERENT COUNTRIES IN EUROPE
4.5.2. INCREASE IN FUNDING FOR CANNABIS TESTING
4.6. MARKET CHALLENGES
4.6.1. SHORTAGE OF SKILLED PROFESSIONALS
4.6.2. HIGH CAPITAL REQUIRED FOR INITIAL SETUP
5. MARKET SEGMENTATION
5.1. CANNABIS TESTING MARKET BY TESTING METHODS
5.1.1. TERPENE PROFILING CANNABIS TESTING MARKET
5.1.2. HEAVY METAL CANNABIS TESTING MARKET
5.1.3. MICROBIAL ANALYSIS CANNABIS TESTING MARKET
5.1.4. GENETIC CANNABIS TESTING MARKET
5.1.5. RESIDUAL SOLVENT SCREENING CANNABIS TESTING MARKET
5.1.6. POTENCY CANNABIS TESTING MARKET
5.1.7. PESTICIDE SCREENING CANNABIS TESTING MARKET
5.2. CANNABIS TESTING MARKET BY PRODUCT & SOFTWARE
5.2.1. CANNABIS TESTING PRODUCTS MARKET
5.2.1.1. ANALYTICAL INSTRUMENTS
5.2.1.2. CONSUMABLES
5.2.2. CANNABIS TESTING SOFTWARE MARKET
5.3. CANNABIS TESTING MARKET BY CANNABIS TYPE
5.3.1. CANNABIS TESTING MARKET BY SOLID EDIBLE CANNABIS
5.3.2. CANNABIS TESTING MARKET BY INHALING CANNABIS
5.3.3. CANNABIS TESTING MARKET BY LIQUID EDIBLE CANNABIS
5.3.4. CANNABIS TESTING MARKET BY TOPICAL CANNABIS
5.4. CANNABIS TESTING MARKET BY END-USER
5.4.1. CANNABIS TESTING MARKET IN LABORATORIES
5.4.2. CANNABIS TESTING MARKET IN RESEARCH INSTITUTIONS
6. KEY ANALYTICS
6.1. PORTER’S 5 FORCE MODEL
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS
6.1.3. BARGAINING POWER OF BUYER
6.1.4. BARGAINING POWER OF SUPPLIER
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. KEY TRENDS
6.2.1. INCREASING LEGALISATION OF MEDICAL MARIJUANA IS GIVING RISE TO DEVELOPING STANDARDS
6.2.2. PESTICIDE SCREENING TO PROMISE GROWTH OPPORTUNITY
6.3. OPPORTUNITY MATRIX
6.4. LEGAL POLICY AND REGULATORY FRAMEWORK
6.5. KEY BUYING CRITERIA
6.5.1. COST
6.5.2. REQUIREMENT
6.5.3. EFFECTIVENESS
6.6. INDUSTRY COMPONENTS
6.7. INVESTMENT OPPORTUNITIES
6.7.1. INVESTMENT OPPORTUNITIES BY COUNTRIES
6.7.2. INVESTMENT OPPORTUNITIES BY TYPE SEGMENT
7. GEOGRAPHICAL ANALYSIS
7.1. EUROPE
7.1.1. UNITED KINGDOM
7.1.2. FRANCE
7.1.3. GERMANY
7.1.4. REST OF EUROPE
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIES AND ANALYSIS
8.1.1. MERGER & ACQUISITION (M& A)
8.1.2. PRODUCT LAUNCH
8.1.3. PARTNERSHIPS
8.2. MARKET SHARE ANALYSIS
8.3. TOP COMPANY ANALYSIS
8.3.1. THERMO FISHER SCIENTIFIC
8.3.2. SHIMADZU CORP.
8.3.3. AGILENT TECHNOLOGIES
8.3.4. WATERS CORP.
8.3.5. STEEP HILL HALENT LABORATORIES
8.4. COMPANY PROFILES
8.4.1. ACCELERATED TECHNOLOGY LABORATORIES, INC.
8.4.2. AGILENT TECHNOLOGIES INC.
8.4.3. ELI LILLY
8.4.4. PERKIN ELMER, INC.
8.4.5. ANRESCO LABORATORIES
8.4.6. DIGIPATH, INC
8.4.7. CMT LABORATORIES, INC.
8.4.8. CANNASAFE ANALYTICS
8.4.9. MILLIPORE SIGMA
8.4.10. STEEP HILL HALENT LABORATORIES, INC.
8.4.11. PHARMA LABS LLC
8.4.12. RESTEK CORPORATION
8.4.13. SC LABORATORIES, INC
8.4.14. THERMO FISHER SCIENTIFIC INC
8.4.15. SHIMADZU CORPORATION
8.4.16. WATERS CORPORATION
8.4.17. SIGMA ALDRICH (Acquired by MERCK group)
8.4.18. AB SCEIX LLC
Table LIST
Table 1 EUROPE CANNABIS TESTING MARKET BY TESTING METHODS 2017-2025 ($ MILLION)
Table 2 EUROPE CANNABIS TESTING PRODUCTS BY TESTING METHOD 2017-2025 ($ MILLION)
Table 3 EUROPE CANNABIS TESTING MARKET BY COUNTRY 2017-2025 ($ MILLION)
Table 4 KEY PLAYERS IN UK
Table 5 KEY PLAYERS IN FRANCE
Table 6 KEY PLAYERS IN GERMANY
Table 7 KEY PLAYERS IN REST OF EUROPE
Figure LIST
Figure 1 EUROPE CANNABIS TESTING MARKET SHARE BY COUNTRY 2016-2025 (%)
Figure 2 EUROPE LABORATORIES CANNABIS TESTING MARKET 2017-2024 ($ MILLION)
Figure 3 EUROPE POTENCY TESTING MARKET 2017-2025 ($ MILLION)
Figure 4 CANNABIS TESTING MARKET TIMELINE
Figure 5 INDUSTRY PROCESS FLOW: CANNABIS INDUSTRY (CANNABIS TESTING MARKET)
Figure 6 EUROPE PESTICIDE SCREENING CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 7 NO. OF SCIENTIST & TECHNICIANS PER 10,000 EMPLOYEES
Figure 8 EUROPE CANNABIS TESTING MARKET SHARE BY TYPE 2016 & 2025
Figure 9 EUROPE TERPENE PROFILING CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 10 EUROPE HEAVY METAL CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 11 EUROPE MICROBIAL ANALYSIS CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 12 EUROPE GENETIC CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 13 EUROPE RESIDUAL SOLVENT SCREENING CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 14 EUROPE POTENCY CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 15 EUROPE PESTICIDE SCREENING CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 16 EUROPE CANNABIS TESTING MARKET SHARE BY PRODUCT & SOFTWARE 2016
Figure 17 EUROPE CANNABIS TESTING PRODUCT MARKET 2017-2025 ($ MILLION)
Figure 18 EUROPE CANNABIS TESTING ANALYTICAL INSTRUMENTS MARKET 2017-2025 ($ MILLION)
Figure 19 EUROPE CANNABIS TESTING CONSUMABLES MARKET 2017-2025 ($ MILLION)
Figure 20 EUROPE CANNABIS TESTING SOFTWARE MARKET 2017-2025 ($ MILLION)
Figure 21 EUROPE CANNABIS TESTING MARKET SHARE BY END USER 2016 & 2025
Figure 22 EUROPE CANNABIS TESTING MARKET IN LABORATORIES BY GEOGRAPHY 2017-2025 ($ MILLION)
Figure 23 EUROPE CANNABIS TESTING MARKET IN LABORATORIES 2017-2025 ($ MILLION)
Figure 24 EUROPE CANNABIS TESTING MARKET IN RESEARCH INSTITUTES 2017-2025 ($ MILLION)
Figure 25 SEE-SAW ANALYSIS FOR CANNABIS TESTING MARKET
Figure 26 UNITED KINGDOM CANNABIS TESTING 2017-2025 ($ MILLION)
Figure 27 FRANCE CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 28 GERMANY CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 29 REST OF EUROPE CANNABIS TESTING MARKET 2017-2025 ($ MILLION)
Figure 30 MARKET SHARE OF TOP COMPANIES IN CANNABIS TESTING MARKET 2016
