×

Cannabis Testing Market – Support for Legalization of Medical Marijuana

written by Medi-Tech Insights, Monday, March 28th, 2022

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. Legalization of medical cannabis & rising number of cannabis testing laboratories in key markets such as the U.S., growing adoption of laboratory information management systems (LIMS) in cannabis testing laboratories, and government support for legalization of medical marijuana in LATAM and the Middle East & Africa are some of the key factors driving the Global Cannabis Testing Market.

However, limited awareness about medical cannabis and high startup costs for cannabis testing laboratories might hamper the growth of the market. The 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, and others.

DESCRIPTION

Cannabis undergoes a stretched journey from seed to plant to processing before finally ending up on the shelf as a packaged retail product. There are several potential sources of contamination along the way. Any potential contaminant poses a risk to the health of consumers. Hence, cannabis testing is done to ensure that the products are contamination-free and safe for consumption.

Medical cannabis is a plant-based medicine derived from the Cannabis sativa or Cannabis indica plant species. It is used to ease symptoms caused by certain medical conditions.

Legalization of Medical Cannabis and Rising Number of Cannabis Testing Laboratories in Key Markets such as the U.S. Bolsters the Cannabis Testing Market

Medical cannabis has proven to be effective in treating various medical applications, such as nausea from cancer chemotherapy, muscle spasms caused by multiple sclerosis, poor appetite, and weight loss caused by chronic illness, such as HIV, nerve pain, seizure disorders, Crohn’s disease, among others

Citing the benefits of medical cannabis, governments in various countries are legalizing its use. In recent years, countries such as Israel, Australia, North Korea, Spain, the UK, Canada, Portugal, Germany, Italy, Brazil, and the Netherlands have all legalized the use of medical cannabis. In the United States, 37 states, 4 U.S. territories as well as the District of Columbia have also legalized 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. To cater to the growing demand for cannabis testing, the number of cannabis testing laboratories is also growing.

Strong Government Support for Legalization of Medical Marijuana in LATAM and Middle East & Africa and Selected European Countries Likely to Open New Growth Avenues for the Cannabis Testing Market

Selected European countries, LATAM and the Middle East and Africa are expected to witness high growth in the Cannabis Testing Market in the coming years due to strong government support for the legalization of medical marijuana in these countries. For instance,

  • 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 while for few countries legislation is quite recent
  • 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
  • In 2020, Lebanon became the first Arab country to legalize the cultivation of the cannabis plant for medical and industrial use
  • Following the ground-breaking decision of the Lebanese government to legalize the cultivation, trade, research, and use of cannabis for medicinal purposes in December 2020, Abu Dhabi-based law firm Wasel & Wasel had set up the first medical cannabis legal practice in the Middle East. The firm provides counsel to pharmaceutical companies, manufacturers, biotech companies, cannabis real estate companies, Lebanese investors looking to globalize their medical cannabis businesses, and foreign investors looking to explore the medical cannabis market in Lebanon
  • Israel was among the first countries to legalize medical marijuana in 1999
  • Similarly, multiple African countries such as Lesotho, Zimbabwe, Rwanda, Morocco permit some form of Cannabis
  • 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 currently rely on multiple ineffective medications. Medical marijuana use is expected to alleviate patients’ symptoms of epilepsy, multiple sclerosis, chemo-induced nausea, and chronic pain.” Director, Leading Epilepsy Foundation, Panama

TABLE OF CONTENTS

Key Strategic Questions Addressed

  • What is the market size & forecast of the Cannabis Testing Market?
  • What are historical, present, and forecasted market shares and growth rates of various segments and sub-segments of the Cannabis Testing Market?
  • What are the key trends defining the market?
  • What are the major factors impacting the market?
  • What are the opportunities prevailing in the Cannabis Testing market?
  • Which region has the highest share in the global market? Which region is expected to witness the highest growth rate in the next 5 years?
  • Who are the major players operating in the market?
  • What are the key strategies adopted by players in Cannabis Testing market?

METHODOLOGY

The study has been compiled based on the extensive primary and secondary research.

Secondary Research (Indicative List)

Cannabis Testing Market

Primary Research

To validate research findings (market size & forecasts, market segmentation, market dynamics, competitive landscape, key industry trends, etc.), extensive primary interviews were conducted with both supply and demand side stakeholders.

Supply Side Stakeholders:

  • Senior Management Level: CEOs, Presidents, Vice-Presidents, Directors, Chief Technology Officers, Chief Commercial Officers
  • Mid-Management Level: Product Managers, Sales Managers, Brand Managers, R&D Managers, Business Development Managers, Consultants

 

Demand Side Stakeholders:

  • Stakeholders Pharmaceutical & Biotech Companies, and Research Institutes

 

Breakdown of Primary Interviews

Cannabis Testing Market

Market Size Estimation

Both ‘Top-Down and Bottom-Up Approaches’ were used to derive market size estimates and forecasts

Data Triangulation

Research findings derived through secondary sources & internal analysis was validated with Primary Interviews, Internal Knowledge Repository and Company’s Sales Data

SAMPLE DELIVERABLES

Cannabis Testing Market

Cannabis Testing Market


Quick Connect


    You May Find helpful!

    Global Ostomy Devices Market is expected to grow at a rate of 4-5% to reach 3.2

    written by Medi-Tech Insights, Tuesday, July 5th, 2022
    Read More

    The Global Rapid Diagnostic Tests (RDTs) Market is set to witness a CAGR of 4.5

    written by Medi-Tech Insights, Tuesday, July 5th, 2022
    Read More

    The Global Cardiopulmonary Devices Market valued at $2.8 billion in 2021 is set

    written by Medi-Tech Insights, Monday, June 20th, 2022
    Read More

    121/7E Avenue Franklin Roosevelt 1050 Brussels, Belgium

    + 32 498 86 80 79

    info@meditechinsights.com