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ASIA-PACIFIC CANNABIS TESTING MARKET 2017-2025

  • September 2017
  • 77 pages
  • Inkwood Research
Report ID: 5106692

Summary

Table of Contents

KEY FINDINGS
The Asia-Pacific cannabis testing market was valued at $31 million in the year 2016 and is anticipated to reach $113 million by 2025, rising at a CAGR of 15.72% for the forecast period of 2017 to 2025.

MARKET INSIGHTS
The recent legalization of cannabis for medical and therapeutic use in many Asian countries combined with the high venture funding for cannabis testing is mainly responsible for driving the Asia-Pacific market. The market is segmented according to the testing methods, end-users, product and software, and the cannabis type. However, there is a possibility of the market facing some restraints on account of the low availability of technicians and scientist in the field and the high capital required for initial setup of the testing facility.

COMPETITIVE INSIGHTS
Accelerated Technology Laboratories Inc, Gentech Scientific, Thermo Fisher Scientific Inc, Cannasafe Analytics, Shimadzu Corporation, Agilent Technologies Inc, Perkinelmer Inc, Pharmlabs LLC, etc. are few of the leading companies in this market.

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