The Asia Pacific cannabis testing market accounted to US$ 132.38 Mn in 2017 and is expected to grow at a CAGR of 15.8% during the forecast period 2018 – 2025, to account to US$ 422.74 Mn by 2025.
The Asia Pacific cannabis testing market is expected to grow at highest rate during the forecast period owing to growing adoption of LIMS, and cannabis legalization for medical and recreational purpose in Asia Pacific region.
Lucrative Regional Markets
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Market Insights
Growing adoption of LIMS
The growing advanced technology provide the best solutions to meet the current requirements and enables the system to be readily adapted based on the needs. The modern LIMS (Laboratory Information Management Systems) system are used to automatically registers and archives the results of laboratory work, to support people management & equipment and materials administration. Advancements including, macro level challenges to increase innovation, manage risk, improve governance, comply with regulatory requirements, and deliver quantifiable operational results, help pathology laboratories to meet the evolving demands of the modern pathology services in the region. The increasing adoption of LIMS technique helps to improve the transparency to lab work status, reducing the costs & improved efficiency, providing flexibility to accommodate new requirements and also help to improve quality & compliance. Penetration of information technology and increasing demand for data management and standardization is helping in growing the number of LIMS vendors in the market. The increasing demand for the LIMS in Asian market and R&D spends in the counties like China and India is growing that proportionally upsurge the market growth in the region.
Thus, due to the above advancements, the cannabis testing market is expected to grow at a rapid pace during the forecast period.
Cannabis legalization for medical and recreational purpose
The Asia Pacific region projects a great demand for cannabis testing market. This is because the medical use of cannabis to heal patients of various disease for example chronic neuropathic pain, and any spinal injury. It also helps to deal with anorexia in HIV AIDS which is a major challenge in this region. In December 2018, Thailand was the first country in Southeast Asia to legalize cannabis. There has been significant rise in investments in cannabis testing labs and recent law changes which have led to acceptance of marijuana and cannabis.
Thus, due to growing legalization of cannabis, the cannabis testing market is expected to grow at rapid pace.
Type Insights
In 2017, the product segment held a largest market share of 73.7% of the cannabis testing market, by type. This segment is also expected to dominate the market in 2025 owing diverse portfolio of cannabis testing products to the healthcare industry for innovations in the technologies. Moreover, the same segment is also expected to witness the highest CAGR in the market accounting to 16.1% in 2018 to 2015 owing to increasing analytical services and medicinal cannabis services in testing cannabis.
Service Insights
The Asia Pacific cannabis testing market on the basis of service is segmented into potency testing, microbial analysis, residual solvent screening, heavy metal testing, pesticide screening, terpene profiling, and genetic testing. The potency testing segment is anticipated to grow at a CAGR of 16.9% during the forecast period. Depending on the state in which testing occurs, a sample’s THC and CBD levels, along with its tetrahydrocannabinolic and cannabidolic acids are required. Other labs may opt to test samples for their CBC and CBG as well. Testing for potency involves gas or liquid chromatography for a range of matrices.
End User Insights
The testing laboratory segment held a largest market share of 49.2% of the cannabis testing market, by end user. This segment is also expected to dominate the market in 2025 owing to increasing number of diagnostic testing performed in the reference labs for the numerous diseases.
Cannabis Testing Market, by Type
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Asia Pacific Cannabis Testing Market: Strategic Insights
Market Size Value in US$ 132.38 Million in 2017 Market Size Value by US$ 422.74 Million by 2025 Growth rate CAGR of 15.8% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
Akshay
Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Asia Pacific Cannabis Testing Market: Strategic Insights
| Market Size Value in | US$ 132.38 Million in 2017 |
| Market Size Value by | US$ 422.74 Million by 2025 |
| Growth rate | CAGR of 15.8% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
Akshay
Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Strategic acquisition and product launches were observed as the most adopted strategy in Asia Pacific cannabis testing industry. Few of the recent product launch and product approval are listed below:
2016: Agilent Technologies, Inc. introduced Agilent 5110 ICP-OES that allow scientists to perform faster, more precise ICP-OES analysis.
2017: SCIEX launched the X-Series Quadrupole Time of Flight (QTOF) mass spectrometry (MS) platform, X500B QTOF System.
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.
CANNABIS TESTING – MARKET SEGMENTATION
By Type
- Products
- Software
By Service
- Potency Testing
- Terpene Profiling
- Pesticide Screening
- Residual Solvent Screening
- Heavy Metal Testing
- Microbial Analysis
By End User
- Testing Laboratories
- Drug Manufacturers
- Research Institutes
By Geography
• Asia Pacific
- China
- India
- Japan
Company Profiles
- Agilent Technologies
- PerkinElmer, Inc.
- Shimadzu Corporation
- SCIEX
- Merck KGaA
- Restek Corporation
- Waters
- CannaSafe Analytics
- Accelerated Technology Laboratories, Inc.
- Digipath Labs
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Services, End User and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
PART 1. iNTRODUCTION
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
PART 2. Asia Pacific CANNABIS TESTING Market – Key takeaways
PART 3. Asia Pacific cannabis testing market – market landscape
3.1 overview
3.2 market segmentation
3.2.1 Asia Pacific Cannabis Testing Market – By Type
3.2.2 Asia Pacific Cannabis Testing Market – By Services
3.2.3 Asia Pacific Cannabis Testing Market – By End User
3.2.4 Asia Pacific Cannabis Testing Market – By Country
3.3 PEST Analysis
PART 4. Asia Pacific Cannabis Testing market- Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Growing adoption of LIMS
4.1.2 Cannabis legalization for medical and recreational purpose
4.2 Key Market Restraints
4.2.1 Restricted use of cannabis
4.3 Key Market Opportunities
4.3.1 Increased demand through domestic manufacturing
4.4 future Trends
4.4.1 Rise in geriatric population increases the need of treatment for chronic diseases
4.5 Impact analysis
PART 5. Cannabis market – Asia Pacific Analysis
5.1 Asia Pacific CANNABIS market Revenue Forecasts and Analysis
5.2 Market positioning
5.3 PERFORMANCE OF KEY PLAYERS
5.4 expert opinions
PART 6. Asia Pacific CANNABIS market Analysis – By TYPE
6.1 Overview
6.2 EUROPE CANNABIS MARKET, BY Type, 2017 & 2025 (%)
6.3 Asia Pacific CANNABIS market Revenue And Forecasts to 2025, By Type (US$ Mn)
6.4 Product Market
6.4.1 Overview
6.4.2 Asia Pacific Product Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.3 Analytical Instruments Market
6.4.3.1 Overview
6.4.3.2 Asia Pacific Analytical Instruments Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.3.3 Chromatography Instruments Market
6.4.3.3.1 Overview
6.4.3.3.2 Asia Pacific Chromatography Instruments Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.3.3.3 Liquid Chromatography Market
6.4.3.3.3.1 Overview
6.4.3.3.3.2 Asia Pacific Liquid Chromatography Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.3.3.4 Gas Chromatography Market
6.4.3.3.4.1 Overview
6.4.3.3.4.2 Asia Pacific Gas Chromatography Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.3.4 Spectroscopy Market
6.4.3.4.1 Overview
6.4.3.4.2 Asia Pacific Spectroscopy Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.3.4.3 Mass Spectrometry Market
6.4.3.4.3.1 Overview
6.4.3.4.3.2 Asia Pacific Mass Spectrometry Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.3.4.4 Atomic Spectrometry Market
6.4.3.4.4.1 Overview
6.4.3.4.4.2 Asia Pacific Atomic Spectrometry Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.4 Consumables Market
6.4.4.1 Overview
6.4.4.2 Asia Pacific Consumables Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.4.3 Chromatography Columns Market
6.4.4.3.1 Overview
6.4.4.3.2 Asia Pacific Chromatography Columns Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.4.4 Standard & CRMs Market
6.4.4.4.1 Overview
6.4.4.4.2 Asia Pacific Standard & CRMs Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.4.5 Supplies and Accessories Market
6.4.4.5.1 Overview
6.4.4.5.2 Asia Pacific Supplies and Accessories Market Revenue and Forecasts to 2025 (US$ Mn)
6.4.5 Software Market
6.4.5.1 Overview
6.4.5.2 Asia Pacific Software Market Revenue and Forecasts to 2025 (US$ Mn)
PART 7. Asia Pacific cannabis testing market Analysis – By Service
7.1 Overview
7.2 EUROPE CANNABIS MARKET, BY Service, 2017 & 2025 (%)
7.3 Asia Pacific CANNABIS market Revenue And Forecasts to 2025, By Service (US$ Mn)
7.4 Potency Testing Market
7.4.1 Overview
7.4.1.1 Asia Pacific Potency Testing Market Revenue and Forecasts to 2025 (US$ Mn)
7.5 Terpene Profiling testing Market
7.5.1 Overview
7.5.2 Asia Pacific Terpene Profiling Testing Market Revenue and Forecasts to 2025 (US$ Mn)
7.6 Pesticide Screening Market
7.6.1 Overview
7.6.2 Asia Pacific Pesticide Screening Market Revenue and Forecasts to 2025 (US$ Mn)
7.7 Residual Solvent testing Market
7.7.1 Overview
7.7.2 Asia Pacific Residual Solvent Testing Market Revenue and Forecasts to 2025 (US$ Mn)
7.8 Heavy Metal testing Market
7.8.1 Overview
7.8.2 Asia Pacific Heavy Metal Testing Market Revenue and Forecasts to 2025 (US$ Mn)
7.9 Microbial Analysis Market
7.9.1 Overview
7.9.2 Asia Pacific Microbial Analysis Market Revenue and Forecasts to 2025 (US$ Mn)
7.10 Genetic Testing Market
7.10.1 Overview
7.10.2 Asia Pacific Genetic Testing Market Revenue and Forecasts to 2025 (US$ Mn)
PART 8. Asia Pacific cannabis testing market Analysis – By End User
8.1 Overview
8.2 EUROPE CANNABIS MARKET, BY end user, 2017 & 2025 (%)
8.3 Asia Pacific CANNABIS market Revenue And Forecasts to 2025, By end user (US$ Mn)
8.4 Testing laboratories Market
8.4.1 Overview
8.4.2 Asia Pacific Testing Laboratories Market Revenue and Forecasts to 2025 (US$ Mn)
8.5 Drug Manufacturers Market
8.5.1 Overview
8.5.2 Asia Pacific Drug Manufacturers Market Revenue and Forecasts to 2025 (US$ Mn)
8.6 Research Institutes Market
8.6.1 Overview
8.6.2 Asia Pacific Research Institutes Market Revenue and Forecasts to 2025 (US$ Mn)
PART 9. Asia Pacific cannabis testing market Revenue and Forecasts to 2025
9.1 Overview
9.2 Asia Pacific Cannabis testing market Revenue and Forecasts to 2025 (US$ Mn)
9.3 Asia Pacific Cannabis testing market revenue and forecasts, by type (US$ Mn)
9.3.1 Asia Pacific Product Market Revenue And Forecasts, By Type (US$ Mn)
9.3.1.1 Asia Pacific Analytical Instruments Market Revenue And Forecasts, By Type (US$ Mn)
9.3.1.1.1 Asia Pacific Chromatography Market Revenue And Forecasts, By Type (US$ Mn)
9.3.1.1.2 Asia Pacific Spectroscopy Market Revenue And Forecasts, By Type (US$ Mn)
9.3.1.2 Asia Pacific Consumables Market Revenue And Forecasts, By Type (US$ Mn)
9.4 Asia Pacific Cannabis testing market revenue and forecasts, by Service Type (US$ Mn)
9.5 Asia PacificCannabis testing market revenue and forecasts, by end User (US$ Mn)
9.6 Asia Pacific Cannabis testing market Revenue And Forecasts to 2025, By Country (%)
9.7 china Cannabis testing market Revenue and Forecasts to 2025 (US$ Mn)
9.7.1 China Cannabis testing market Revenue and Forecasts to 2025 (US$ Mn)
9.7.2 China Cannabis testing market revenue and forecasts, by Type (US$ Mn)
9.7.2.1 China Product Market Revenue And Forecasts, By Type (US$ Mn)
9.7.2.1.1 China Analytical Instruments Market Revenue And Forecasts, By Type (US$ Mn)
9.7.2.1.1.1 China Chromatography Market Revenue And Forecasts, By Type (US$ Mn)
9.7.2.1.1.2 China Spectroscopy Market Revenue And Forecasts, By Type (US$ Mn)
9.7.2.1.2 China Consumables Market Revenue And Forecasts, By Type (US$ Mn)
9.7.3 China Cannabis testing market revenue and forecasts, by Service Type (US$ Mn)
9.7.4 China Cannabis testing market revenue and forecasts, by end User (US$ Mn)
9.8 japan Cannabis testing market Revenue and Forecasts to 2025 (US$ Mn)
9.8.1 Japan Cannabis testing market Revenue and Forecasts to 2025 (US$ Mn)
9.8.2 Japan Cannabis testing market revenue and forecasts, by Type (US$ Mn)
9.8.2.1 Japan Product Market Revenue And Forecasts, By Type (US$ Mn)
9.8.2.1.1 Japan Analytical Instruments Market Revenue And Forecasts, By Type (US$ Mn)
9.8.2.1.1.1 Japan Chromatography Market Revenue And Forecasts, By Type (US$ Mn)
9.8.2.1.1.2 Japan Spectroscopy Market Revenue And Forecasts, By Type (US$ Mn)
9.8.2.1.2 Japan Consumables Market Revenue And Forecasts, By Type (US$ Mn)
9.8.3 Japan Cannabis testing market revenue and forecasts, by Service Type (US$ Mn)
9.8.4 Japan Cannabis testing market revenue and forecasts, by end User (US$ Mn)
9.9 india Cannabis testing market Revenue and Forecasts to 2025 (US$ Mn)
9.9.1 India Cannabis testing market Revenue and Forecasts to 2025 (US$ Mn)
9.9.2 India Cannabis testing market revenue and forecasts, by Type (US$ Mn)
9.9.2.1 India Product Market Revenue And Forecasts, By Type (US$ Mn)
9.9.2.1.1 India Analytical Instruments Market Revenue And Forecasts, By Type (US$ Mn)
9.9.2.1.1.1 India Chromatography Market Revenue And Forecasts, By Type (US$ Mn)
9.9.2.1.1.2 India Spectroscopy Market Revenue And Forecasts, By Type (US$ Mn)
9.9.2.1.2 India Consumables Market Revenue And Forecasts, By Type (US$ Mn)
9.9.3 India Cannabis testing market revenue and forecasts, by Service Type (US$ Mn)
9.9.4 India Cannabis testing market revenue and forecasts, by end User (US$ Mn)
PART 10.Cannabis Testing Market –Industry Landscape
10.1 Overview
10.2 Growth Strategies in the Cannabis Testing Market, 2016-2018
10.3 Organic Developments
10.3.1 Overview
10.4 Organic Growth Strategies in the Cannabis Testing Market, 2016-2018
10.5 Product Launch
10.5.1 Recent Product Launch By Players In The Cannabis Testing Market
10.6 Product approval
10.6.1 Recent Product Approval By Players In The Cannabis Testing Market
10.7 Others
10.7.1 The Cannabis Testing Market By Other Growth Strategies
10.8 Inorganic developments
10.8.1 Overview
10.9 inOrganic Growth Strategies in the Cannabis Testing Market, 2016-2018
10.10 Acquisitions
10.10.1 Acquisitions By Players In The Cannabis Testing Market
10.11 Agreements
10.11.1 The Cannabis Testing Market By Agreements
10.12 Collaborations
10.12.1 Collaborations By Players In The Cannabis Testing Market
PART 11.CANNABIS Market–Key company profiles
11.1 AGILENT TECHNOLOGIES, inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 Product Portfolio
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Perkin Elmer, inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Information
11.2.4 Product Portfolio
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 SHIMADZU CORPORATION
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Information
11.3.4 Product Portfolio
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Sciex (Danaher)
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 Product Portfolio
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Merck KGaA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 Product portfolio
11.5.5 SWOT ANALYSIS
11.5.6 Key Developments
11.6 Restek Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Financial Overview
11.6.4 Product portfolio
11.6.5 SWOT ANALYSIS
11.6.6 Key Developments
11.7 WATERS
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Financial Overview
11.7.4 Product portfolio
11.7.5 SWOT ANALYSIS
11.7.6 Key Developments
11.8 CannaSafe Analytics
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 Product portfolio
11.8.5 SWOT ANALYSIS
11.8.6 Key Developments
11.9 Accelerated Technology Laboratories, Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Financial Overview
11.9.4 Product portfolio
11.9.5 SWOT ANALYSIS
11.9.6 Key Developments
11.10 Digipath Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Financial Overview
11.10.4 Product portfolio
11.10.5 SWOT ANALYSIS
11.10.6 Key Developments
PART 12.Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Methodology
12.3.1 Coverage
12.3.2 Secondary Research
12.3.3 Primary Research
LIST OF TABLES
TABLE 1. Asia Pacific CANNABIS market Revenue And Forecasts to 2025, By product (US$ Mn)
TABLE 2. Asia PacificCANNABIS market Revenue And Forecasts to 2025, By disease (US$ Mn)
TABLE 3. Asia Pacific CANNABIS market Revenue And Forecasts to 2025, By application (US$ Mn)
TABLE 4. Asia Pacific CANNABIS market Revenue And Forecasts to 2025, By product (US$ Mn)
TABLE 5. Asia PacificCANNABIS market Revenue And Forecasts to 2025, By disease (US$ Mn)
TABLE 6. Asia Pacific CANNABIS market Revenue And Forecasts to 2025, By application (US$ Mn)
TABLE 7. US CANNABIS market Revenue And Forecasts to 2025, By Product (US$ Mn)
TABLE 8. US CANNABIS market Revenue And Forecasts to 2025, By disease (US$ Mn)
TABLE 9. US CANNABIS market Revenue And Forecasts to 2025, By application (US$ Mn)
TABLE 10. Canada CANNABIS market Revenue And Forecasts to 2025, By Product (US$ Mn)
TABLE 11. Canada CANNABIS market Revenue And Forecasts to 2025, By disease (US$ Mn)
TABLE 12. Canada CANNABIS market Revenue And Forecasts to 2025, By application (US$ Mn)
TABLE 13. Mexico CANNABIS market Revenue And Forecasts to 2025, By Product (US$ Mn)
TABLE 14. Mexico CANNABIS market Revenue And Forecasts to 2025, By disease (US$ Mn)
TABLE 15. Mexico CANNABIS market Revenue And Forecasts to 2025, By application (US$ Mn)
TABLE 16. Recent Product Launches & Approvals in the Cannabis Testing Market
TABLE 17. Recent EXPANSIONS in the Cannabis Testing Market
TABLE 18. Patent and License Organic Growth Strategies in the Cannabis Testing Market
TABLE 19. Recent Acquisitions in the Cannabis Testing market
TABLE 20. Recent Partnerships & Collaborations in the Cannabis Testing market
TABLE 21. Joint Ventures inOrganic Growth Strategies in the Cannabis Testing Market
TABLE 22. Glossary of Terms, CANNABIS market
LIST OF figures
FIGURE 1. US CANNABIS market, Revenue (US$ Mn), By Geography 2018 & 2025
FIGURE 2. north America cannabis testing Market By product, Market Share (%), 2017
FIGURE 3. north America CANNABIS Market By disease, Market Share (%), 2017
FIGURE 4. Asia Pacific CANNABIS Market By application, Market Share (%), 2017
FIGURE 5. CANNABIS market Segmentation
FIGURE 6. CANNABIS Segmentation, by region
FIGURE 7. Asia Pacific PEST Analysis
FIGURE 8. cannabis testing market impact analysis of drivers & Restraints
FIGURE 9. Asia Pacific CANNABIS market – Revenue Forecasts and Analysis – 2017- 2025
FIGURE 10. Asia Pacific CANNABIS market, By Product, 2017 & 2025 (%)
FIGURE 11. Asia Pacific foods Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 12. Asia Pacific Medical Food Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 13. Asia Pacific Probiotics Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 14. Asia Pacific Prebiotics Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 15. Asia Pacific drugs Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 16. Asia Pacific DIAGNOSTIC DEVICES Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 17. Asia Pacific SUPPLEMENTS Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 18. Asia Pacific CANNABIS market By disease, 2017 & 2025 (%)
FIGURE 19. Asia Pacific Diabetes Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 20. Asia Pacific Cancer Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 21. Asia Pacific Autoimmune Diseases Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 22. Asia Pacific Obesity Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 23. Asia Pacific MENTAL DISORDERS Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 24. Asia Pacific Others Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 25. Asia Pacific CANNABIS market By application, 2017 & 2025 (%)
FIGURE 26. Asia Pacific diagnostics Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 27. Asia Pacific Testing laboratories Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 28. Asia Pacific cannabis testing market REVENUE overview, by Country, 2017 (US$ MN)
FIGURE 29. Asia Pacific cannabis testing Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 30. Asia Pacific CANNABIS market Revenue And Forecasts to 2025, By Country (%)
FIGURE 31. US CANNABIS market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 32. Canada CANNABIS market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 33. Mexico CANNABIS market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 34. Growth Strategies in the Cannabis Testing Market, 2015-2018
FIGURE 35. Organic Growth Strategies in the Cannabis Testing Market, 2015-2018
FIGURE 36. Inorganic Growth Strategies in the Endoscopy Device Market, 2015-2018
The List of Companies
1. Agilent Technologies
2. PerkinElmer, Inc.
3. Shimadzu Corporation
4. SCIEX
5. Merck KGaA
6. Restek Corporation
7. Waters
8. CannaSafe Analytics
9. Accelerated Technology Laboratories, Inc.
10. Digipath Labs
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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.
Trends and growth analysis reports related to Asia Pacific Cannabis Testing Market
Mar 2019
Colonoscopes Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Fiber Optic Colonoscopy Devices, Video Colonoscopy Devices); Application (Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn's Disease, Polyp); End User (Hospitals, Ambulatory Surgery Center, Others), and Geography
Mar 2019
Noninvasive Fat Reduction Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Cryolipolysis, Laser Lipolysis, Ultrasound, and Others), End User (Hospitals, Dermatology Clinics & Cosmetic Clinics, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Mar 2019
Medical Ultrasound Flow Meter Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Implementation Type (Clamp-On, Inline, and Others), Technology (Doppler, Transit Time, and Hybrid), Application (Heart and Lung Machines, Extracorporeal Membrane Oxygenation, Perfusion, Organ Transportation Systems, and Others), End User (Hospitals and Clinics, Ambulatory Surgical Centers, Research Laboratories, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Mar 2019
Rapid Test Kits Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Rapid Antigen Testing, Rapid Antibody Testing, and Others), Product (Over-the-Counter Rapid Testing Kit and Professional Rapid Testing Kit), Technology (Lateral Flow Assay, Solid Phase, Agglutination, Immunospot Assay, and Cellular Component-Based), Application (Blood Glucose Testing, Infectious Disease Testing, Pregnancy and Fertility, Cardiometabolic Testing, and Others), End User (Hospital and Clinics, Home Care, Diagnostics Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Mar 2019
Osteoarthritis Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Therapy Type [Transcutaneous Electrical Nerve Stimulation (TENS), Occupational Therapy, Physical Therapy, Platelet-Rich Plasma Therapy and Stromal Vascular Fraction, Prolotherapy, and Others], Disease Indication (Knee Osteoarthritis, Spine Osteoarthritis, Foot and Ankle Osteoarthritis, Shoulder Osteoarthritis, Hand Osteoarthritis, and Others), End User (Hospitals & Clinics, Specialty Clinics, Ambulatory Surgical Centers, Homecare, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Mar 2019
Bariatric Surgeries Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Adjustable Gastric Bands (AGB), Sleeve Gastrectomy, Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch (BPD-DS), and Others], End User (Hospitals and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Mar 2019
Post-Acute Care Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long-Term Care Hospitals, Home Health Agency, and Others), Age (Elderly, Adult, and Others), Disease Conditions (Amputations, Wound Management, Brain Injury and Spinal Cord Injury, Neurological Disorders, and Others), and Geography
Mar 2019
Lung Cancer Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Therapy Type (Noninvasive and Minimally Invasive), Indication (Non-Small Cell Lung Cancer and Small Cell Lung Cancer), End User (Hospitals, Oncology Clinics, Research Centers, and Others), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)