Europe Cannabis Testing Market to Grow at a CAGR of 7.7% to reach US$ 770.30 Million from 2020 to 2027

Europe Cannabis Testing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Chromatography Instruments, Spectroscopy, Consumables, and Software); Service (Potency Testing, Terpene Profiling Testing, Pesticide Screening, Residual Solvent Testing, Heavy Metal Testing, Microbial Analysis, and Genetic Testing); End User (Testing Laboratories, Drug Manufacturers, and Research Institutes), and Country

Publication Month : Dec 2020

  • Report Code : TIPRE00003507
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 180
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The Europe cannabis testing market is expected to reach US$ 770.30 million by 2027 from US$ 431.58 million in 2019. The market is estimated to grow with a CAGR of 7.7% from 2020 to 2027.



The growth of the market in the region is attributed to the factors such as increasing government funding and focus for cannabis use and increasing demand for research activities to improve the quality of cannabis. However, the cannabis used as a street drug and trouble with CBD oil are the factors negatively impacting the growth of the market in the coming years.

A growing number of countries are adopting medical Cannabis laws, but government officials are rare that encouraging healthcare professionals to become educated about cannabis plant medicines.  Various cannabis experts were invited to Macedonia, in 2016, to instruct local healthcare personnel regarding the use of cannabis in clinical practice. The program was held in Skopje and was supported and funded by the Macedonian Ministry of Health.

Cannabis provides unique opportunities in Macedonia, where the medical system is in evolutionary and modernization stage. Local medical specialists are now able to prescribe cannabis in the country. Considering this, Macedonian cannabis promoters worked with local governments and created the medical cannabis training program to support doctors and their patients. At present, the Macedonian medical cannabis movement's impetus is moving quickly, and the public opinion on cannabis has also changed dramatically in the region. The medical marijuana revolution in the region urges the European Commission and member states to address regulatory, financial, and cultural barriers that burden scientific research and invite them to fund research.

Similarly, the government is granting funds to accelerate research and development of cannabis use for COVID–19 treatment. For instance, in September 2020, EXMceuticals Inc., a startup has announced receiving funds for focusing on research and development for landmark COVID–19 activities. Additionally, the European Union and the Portuguese Government have allocated funds of ~US$ 353 thousand (EUR 302 thousand) to support the company's BioBlockCOVID project, which aims to create functional, natural, and innovative biocide formulations targeting specific molecules that makeup COVID-19. Such funding is expected to enhance the research activities and help in innovating newer techniques, which, in turn will propel the growth of the cannabis testing market during the  forecast period.

Europe Cannabis Testing Market Revenue and Forecast to 2027 (US$ Million)

Europe Cannabis Testing Market Revenue and Forecast to 2027 (US$ Million)
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Europe Cannabis Testing – Market Segmentation

Europe Cannabis Testing Market– By Product

  • Chromatography Instruments
    • Liquid Chromatography
    • Gas Chromatography
  • Spectroscopy
    • Mass Spectrometry
    • Atomic Spectrometry
  • Consumables
    • Standard and CRMs
  • Software

Europe Cannabis Testing Market– By Service

  • Potency Testing
  • Terpene Profiling
  • Pesticide Screening
  • Residual Solvent Screening
  • Heavy Metal Testing
  • Microbial Analysis
  • Genetic Testing

Europe Cannabis Testing Market– By End User

  • Testing Laboratories
  • Drug Manufacturers
  • Research Institutes

Company Profiles

  • Agilent Technologies, Inc.
  • Perkin Elmer, Inc.
  • Shimadzu Corporation
  • Sciex (Danaher)
  • Merck KGaA
  • Restek Corporation
  • Waters
  • Cannasafe Analytics
  • Accelerated Technology Laboratories, Inc.
  • Digipath Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Service, End User, and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

The List of Companies - Europe Cannabis Testing Market

  1. Agilent Technologies, Inc.
  2. Perkin Elmer, Inc.
  3. Shimadzu Corporation
  4. Sciex (Danaher)
  5. Merck KGaA
  6. Restek Corporation
  7. Waters
  8. Cannasafe Analytics
  9. Accelerated Technology Laboratories, Inc.
  10. Digipath Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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