Cannabis testing is used in variety of applications that includes determining the concentration of cannabis in various analytical samples such as pharmaceutical drugs, and detection of contaminants such as bacteria and fungi. It is very crucial to test the cannabis products used for medicinal purposes in order to avoid side effects. Furthermore, the cannabis testing is also performed for determination of trace metals such as arsenic, cadmium that can adversely impact health if remained unchecked. These tests are performed with the help of various analytical techniques that include chromatography analysis, spectrometry, ELISA, polymerase chain reaction (PCR) and others.
Agilent Technologies Inc., and Shimadzu Corporation–are Notable Market Players in Cannabis Testing Market
The growth of the Cannabis testing is mainly attributed to factors such as It is very crucial to test the cannabis products used for medicinal purposes in order to avoid side effects. However, the It is very crucial to test the cannabis products used for medicinal purposes in order to avoid side effects hinders the market growth.
Market leaders operating in the market have undertaken various organic and inorganic growth strategies in the Purpl Scientific, Orange Photonics, Inc, Agilent Technologies, Inc., SHIMADZU CORPORATION, Merck KGaA, Restek Corporation, WATERS, CannaSafe Analytics, Accelerated Technology Laboratories, Inc., and Digipath Inc.
Several in organic approaches, such as product launches, and expansion in the Cannabis testing, have resulted in the positive growth of the market. Likewise, inorganic strategies such as mergers & acquisitions, and collaboration have help the company to strengthen its revenue, which allows the company to hold a strong position in the market.
Below is the list of the growth strategies done by the players operating in the Cannabis testing:
|Jan-2021||Agilent Technologies, Inc. announced that it has released MassHunter Workstation Plus 11.0, MassHunter BioConfirm, and MassHunter Networked Workstation 11.0 in order to comply with regulatory requirements from the EU EMEA and US FDA.|
|sNov-2020||Waters Corporation launched the new RADIAN ASAP System, a new direct mass detector engineered for non-mass spectrometry (MS) experts to conduct fast and accurate analyses of solids and liquids with minimal sample prep.|
|Jun-2020||Waters Corporation launched a new fragmentation technique and an imaging option for its high-resolution mass spectrometers giving research scientists working across a broad range of end markets including biomedical, biopharmaceutical, and food research, greater experimental freedom to explore the intricacies of peptides, proteins, and protein complexes.|
|September, 2018||Restek and Separation Science entered into a collaboration to develop a multi-speaker eSeminar focused on testing methods and associated topics for medicinal cannabis labs.|
|May-2018||Agilent Technologies, Inc. acquired Ultra Scientific for the expansion of Agilent’s certified reference materials and chemical standards business.|
|May-2018||Agilent Technologies, Inc. acquired Young in Scientific Co. Ltd. to expand direct capabilities of analytical and scientific instruments in growing South Korean Market.|