Latin America Cannabis Testing Market is at the cusp of crossing USD 175 million

Posted by rohan on February 28th, 2018

The Latin America Cannabis Testing Market was worth USD 100 million in 2016 and estimated to be growing at a CAGR of 11.2%, to reach USD 175 million by 2021. Cannabis Testing methods define various methods for detecting cannabis usage in the fields of sport, law and medicine. Some of the tests used for detection are blood testing, urine testing, hair testing and saliva testing. Discerning the usage of cannabis usually requires a lot of time, no matter which method is used. Tests like Duquenois-Levine can detect the usage of cannabis in a short amount of time, but the test is unreliable since it gives false positive for other substances as well.

Browse Market data tables and in-depth TOC of the Latin America Cannabis Testing Market to 2021 @ https://www.marketdataforecast.com/market-reports/latin-america-cannabis-testing-market-3023/

Cannabis use by urine testing can be detected 2-5 days after usage in infrequent users and about 15 days in heavy users. Blood testing is not used often as it is invasive, it can detect usage within 12-24 hours of use in infrequent users and in heavy users it can detect in 7 days window after usage. By hair testing usage can be discerned even after 90 days of usage and main advantage of this method being detection of concentrations as low as 1 pg/mg of sample. By saliva testing, abuse can be discerned within 3 days of usage, but it can detect substances with concentration even in the range of 0.5 ng/mL.

The Latin America Cannabis testing market is primarily driven by rising accidents under the influence of cannabis, legalisation of marijuana in some regions for medical and recreational purposes, growing number of cannabis testing laboratories, growing usage of LIMS, increasing number of seminars and conferences to increase awareness about these tests among others. The restraints faced by this market are presence of alternative technologies, limited number of skilled professionals and high price of instruments for testing cannabis usage.

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The Latin America Cannabis Testing market is segmented on the basis of product & software into analytical instruments, consumables and software. Based on testing procedures, the market is divided into terpene profiling, potency testing, residual solvent screening, pesticide screening, genetic testing, heavy metal testing and microbial analysis. Potency testing has the highest market share in this segment. On the basis of end-users, the market is divided into cannabis cultivators, laboratories, drug manufacturers & dispensaries, and research institutes. Laboratories accounted for the largest market share in this segment owing to rising demand for cannabis testing software in labs.

The Latin America market for Cannabis Testing is geographically segmented into Brazil, Argentina, Chile and rest of Latin America. Factors like increasing number of accidents under cannabis intoxication and legalisation of cannabis in some regions for medical purposes is expected to propel the growth of this market in this region.

Some of the major players in the market include 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.

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