CANNABIS TESTING SERVICES MARKET ANALYSIS

Cannabis Testing Services Market, By Test Type (Potency Testing, Terpene Profiling, Cannabinoid Profiling, Pesticide Screening, Residual Solvent Testing, Microbiological Screening, and Others), By End Use (Testing Laboratories, Research Institutes, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024
Code : CMI2976
Pages :237
Formats :
Excel and PDF
Industry : Pharmaceutical

Market Concentration and Competitive Landscape

Cannabis Testing Services Market Concentration By Players

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Increasing Product Launches by Key Market Players

The rising focus of major market players on new product launches is expected to drive the global cannabis testing services market growth over the forecast period. For instance, in March 2021, in Germany, Stade Arzneimittel, a pharmaceutical company, announced the introduction of its medicinal cannabis portfolio under the CannabiStada brand which includes medical cannabis. The organization had released both flowers and entire extracts of cannabis, particularly for chronic pain patients who have failed to respond to conventional medicines such as opioids. Stada Arz is one of the first companies in Germany to launch medicinal cannabis with the launch of cannabistada.

Key Players Insights