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(Medical-NewsWire.com, December 03, 2018 ) Overview
Cannabis testing is completed for numerous causes which encompass finding an awareness of lively element, which determines the scientific efficiency of the hashish. It is also examined for figuring out numerous one-of-a-kind ingredients in a given pattern. Cannabis testing moreover includes a dedication of contaminants such as fungi and bacteria (mycotoxins), that may motive extreme pulmonary infections if administered unchecked. Furthermore, cannabis testing includes the will power of trace metals such as cadmium, arsenic, leads, and mercury over cannabis plant life and merchandise, which could impart a detrimental impact to human health.
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The Asia-Pacific Cannabis testing marketplace becomes really worth USD 227 million in 2018 and anticipated to be developing at a CAGR of 11.6%, to attain USD 390.51 million by 2023.
Drivers and Restraints:
The increase on this market is especially pushed by factors which consist of the legalization of clinical Cannabis, coupled with the developing form of Cannabis testing laboratories, growing adoption of LIMS in Cannabis testing laboratories, and developing recognition by conferences, symposia, and workshops.
Alternatively, the excessive price of analytical units, the presence of opportunity generation, and a dearth of expert professionals are a number of the maximum critical elements which can be expected to restrain the increase of this market within the coming years.
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Geographic Segmentation
The Asia-Pacific market for Cannabis testing is geographically segmented into India, China, Thailand, Australia, and others. The developing economies in Asia-Pacific are the quickest growing regions in the world. Elements like rising number of avenue injuries under the impact of hashish and legalization for medical and leisure functions in a few areas are predicted to surge the growth on this place.
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Some of the prominent players are Agilent Technologies, Inc., Shimadzu Corporation, Waters Corporation, PerkinElmer, Inc., AB SCIEX LLC, Millipore Sigma, Restek Corporation, LabLynx, Inc. (U.S.), Steep Hill Labs, Inc., PharmLabs, LLC, SC Laboratories, Inc., Digipath Labs, Inc., CannaSafe Analytics, and Accelerated Technology Laboratories, Inc.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Market Data Forecast.
Abhishek Shukla
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abhishek@marketdataforecast.com
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