Chromatography Based Cannabis Market to amass Appreciable Gains by 2026
Zion Market Research has published a new report titled “Global Chromatography Based Cannabis Market Report by Type (Liquid Chromatography and Gas Chromatography) and by Application (Pain Management, Seizures and Sclerosis): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2026.” According to the report, the Chromatography Based Cannabis Market accounted for USD xx Billion in 2018 and is expected to reach USD xx Billion by 2026, growing at a CAGR of around 14.5 % between 2019 and 2026.
The global chromatography based cannabis market is projected to observe noticeable growth over the years. Due to strict regulations, cannabis and cannabis-infused products are tested being for cannabinoids, mycotoxins, residual solvents, pesticides, terpenes, heavy metals, filth and foreign material, microbiological contaminants, moisture content, and water activity. For the analysis of these mycotoxins, cannabinoids, and pesticides, the gas chromatography and Liquid chromatography are two major techniques that are used in cannabis testing. Owing to these, several research institutes are investing in order to know about the additional therapeutic uses of medical cannabis. For instance, in 2017, the National Institute of Health (NIH) invested about USD 140 million to support more than 300 research projects on cannabinoids. Increasing technological advancements and rising investment in R&D activities for exploring new medical applications of cannabis is anticipated to grow the market across the globe. In addition, the rise in the usage of cannabis for medical purposes and the legalization of cannabis in various countries across the globe is anticipated to drive the global chromatography based cannabis market within the projected timeframe.
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The global chromatography based cannabis market has been segmented on the basis of type and application. In terms of the type, the chromatography based cannabis market is divided into two types named as liquid chromatography and gas chromatography. The liquid and gas chromatography are the cannabis testing process or techniques which are used for a quality checkup of cannabis or marijuana which further used for medical purposes. This testing involves sample and column preparation, identifying concentration & separating analyte, and identification of the analyst. The liquid chromatography identifies and measures compound whereas gas chromatography technique measures volatile terpene constituents in cannabis and residual solvents from cannabis extraction and processes. The liquid chromatography segment is projected to grow at a noteworthy rate within the forecast period. This is due to the high usage of liquid chromatography in the pharmaceutical industry. This liquid chromatography provides effective and fast results. Moreover, this segment provides high performance, which in turn is expected to drive the segment. On the basis of the application, the chromatography based cannabis market is segmented into are pain management, seizures, and sclerosis.
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The key players for the global chromatography based cannabis market are Restek, Shimadzu Scientific Instruments, Agilent Technologies, PerkinElmer, PharmLabs, LabLynx, Digipath Labs, and Steep Hill Labs, among others.
This report segments the global chromatography based cannabis market as follows:
Global Chromatography Based Cannabis Market: Type Segment Analysis
- Liquid Chromatography
- Gas Chromatography
Global Chromatography Based Cannabis Market: Application Analysis
- Pain Management
Global Chromatography Based Cannabis Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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