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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
US Cannabis Testing Market size was valued at US$ x billion in 2023 and is poised to grow at a CAGR of x% from 2024-2030. Furthermore, growing focus of different business units like cannabis growers/cultivators, producers/manufacturers, distributors, dispensaries/retailers to get approval from respective state level authorities to cultivate, produce, distribute, and sale cannabis respectively with in the US. The US cannabis testing samples volume is projected to reach 2,790 thousand samples by 2026 from 625 thousand samples in 2020. US Cannabis Testing market report gives comprehensive outlook on types of businesses units like cultivators/growers, producers/manufacturers, dispensaries/retailers, and cannabis testing labs across the US with special emphasis on regulations such as legalization of cannabis at state level, including California (CA), Florida (FL), Illinois (IL), Massachusetts (MA), Michigan (MI), Nevada (NV), New York (NY), Ohio (OH), Pennsylvania (PA), and Virginia (VA). The report gives future market sizes in terms of value (US$ Mn) and volume (Thousand tons). This report studies US Cannabis Testing market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Key stakeholders of the report include cultivators/growers, producers & suppliers, dispensaries/retailers, policy makers, and testing labs, engaged in US Cannabis Testing products.
Over the two to three years period number of active cannabis business licenses grew significantly in the US. Business licenses types include distributors, cultivators, manufacturing, testing labs, and others. During 2018 period from January to December number of licenses grew from 9,522 licenses on January, 2018 to 17,350 licenses as of December, 2018 at a growth rate of 82% (including cultivation, processing, distribution, and testing). Number of Marijuana Licenses in January 2018- Distributor: 270 licenses, Cultivator: 4,106 licenses, Manufacturer: 1,986 licenses, Dispensary/Retailer: 2,794 licenses, and Testing: 116 licenses. Number of Marijuana Licenses in December 2018- Distributor: 824 licenses, Cultivator: 8,781 licenses, Manufacturer: 2,899 licenses, Dispensary/Retailer: 4,042 licenses, and Testing: 160 licenses. Marijuana License Growth in 2018 include Distributor: 205% growth, Cultivator: 114% growth, Manufacturer: 46% growth, Dispensary/Retailer: 45% growth, and Testing: 38% growth. The growth of such cannabis business licenses are expected to drive the cannabis testing market in the US.
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2023 is the base year and 2030 is the forecast year.
The US cannabis testing market key players are the SC Labs, PharmLabs, EVIO Labs, Kaycha Labs, Steep Hill Labs, Digipath, Cannalysis, CannaSafe
| 1.Executive Summary |
| 2.U.S Cannabis Testing Market Introduction |
| 2.1.U.S Cannabis Testing Market - Taxonomy |
| 2.2.U.S Cannabis Testing Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Size |
| 3.U.S Cannabis Testing Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.U.S Cannabis Testing Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.U.S Cannabis Testing Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Medical |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Recreational |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.U.S Cannabis Testing Market By Size, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Value |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. volume |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Competition Landscape |
| 7.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 7.2.1.SC Labs |
| 7.2.2.PharmLabs |
| 7.2.3.EVIO Labs |
| 7.2.4.Kaycha Labs |
| 7.2.5.Steep Hill Labs |
| 7.2.6.Digipath |
| 7.2.7.Cannalysis |
| 7.2.8.CannaSafe |
| 7.2.9.Deibel Laboratories |
| 7.2.10.ProVerde Labs |
| 7.2.11.MCR Lab |
| 7.2.7.The Werc Shop |
| 8. Research Methodology |
| 9. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.