#Legal Cannabis Market Growth Forecast

[market-insider]

COVID-19 Pandemic Has Impeded The Growth Of Legal Cannabis Market

The global legal cannabis market size is expected to reach USD 134.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 25.3% from 2022 to 2030. The increased legalization across different nations of the usage of cannabis-derived products has gained a lot of popularity. Medical cannabis-based has been used in the treatment of various indications like epileptic seizures, nausea related to chemotherapy, anxiety, and other brain-related diseases. Several studies are being conducted for CBD products in various indications. The medical fraternity has slowly increased acceptance of medical cannabis as well as marijuana and its derivatives owing to its legalization by the governments. Some countries like Canada, the U.S., and Uruguay have legalized its recreational use along with medicinal use. Adult use and recreational use of marijuana is readily available in some of the countries’ markets, thereby increasing adoption and market growth. The COVID-19 pandemic has impeded the growth of the market. Supply chain disruptions and a surge in panic buying scenarios led to the increase in the demand-supply gap, thereby affecting the market growth. However, it is expected to grow post-pandemic with the increased support from governments and ever-increasing demand.

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Based on source, the marijuana segment accounted for the largest revenue share of over 70.0% in 2021 and is expected to exhibit the fastest growth rate during the forecast period. Marijuana is easily available and consumers are becoming more aware of its therapeutic properties alongside the more traditional recreational uses. It has been seen to reduce stress and relieve pain, thereby improving sleep irregularities. The decriminalization and legalization of marijuana usage have resulted in a marked reduction in illegal activities surrounding marijuana. CBD is quite potent when it comes to derivatives of the cannabis plant, thus it has emerged as the largest derivative segment with a revenue share of over 65.0% in 2021. The adoption of CBD-based products is increasing rapidly owing to the non-psychoactive nature of the derivative, thereby fueling market growth. In addition, positive attitudes of the medical fraternity toward CBD-based medicines are further propelling the segment growth. In addition, the others segment is anticipated to grow at the fastest rate during the forecast period owing to rising awareness and acceptance regarding the derivatives, along with increasing geographies sanctioning the use of various cannabinoids for medical and other purposes.

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Grand View Research, Inc. has segmented the global legal cannabis market on the basis of source, derivative, end use, and region.

[marketinsight1234]

Legal Cannabis Market Size-Share, Growth Factors, Forecast 2023-2030

Global Legal Cannabis Market is expected to grow at a significant growth rate, and the forecast period is 2023-2030, considering the base year as 2022.

The Legal Cannabis Market has experienced unprecedented growth in recent years, driven by changing societal attitudes towards cannabis, increasing legalization efforts, and the recognition of its potential economic benefits. As more regions around the world embrace cannabis for medical and recreational use, the market has evolved into a dynamic and multifaceted industry. The market encompasses a wide range of products, including cannabis flower, edibles, concentrates, and pharmaceuticals, creating a diverse landscape with numerous opportunities for both established players and new entrants.

Leading Key Players Covered Legal Cannabis Market: -

Canopy Growth Corporation (Canada), Aphria Inc. (Canada), VIVO marijuana Inc. (Canada), OrganiGram Holding Inc. (Canada), Aurora marijuana Inc. (Canada), The Green Organic Dutchman (Canada), Atlas Growers (Canada), Maricann Group, Inc. (Canada), Tilray Inc. (Canada), Terra Tech Corp. (US), Stenocare A/S (Denmark), HEXO Corp. (Canada), Medical Cannabis Inc. (US), AlephSana GmbH (Germany), Tikun Olam Ltd. (Israel), Cannabis Science Inc. (US) and Other Major Players

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Market Driver:

One significant market driver propelling the Legal Cannabis Market is the growing acceptance of cannabis for medicinal purposes. Increasing awareness of the therapeutic properties of cannabis, along with a shift in regulatory frameworks favoring medical cannabis use, has fueled demand. The expanding list of medical conditions where cannabis is prescribed, such as chronic pain, epilepsy, and anxiety, is driving the market's growth. As more scientific research validates the medical efficacy of cannabis, it not only enhances consumer confidence but also attracts investments and stimulates innovation in product development.

Market Opportunity:

A key market opportunity lies in the emerging trend of cannabis-infused products and beverages. The shift towards alternative consumption methods, such as edibles and beverages, presents a vast opportunity for market players. As consumers seek discreet and convenient ways to incorporate cannabis into their lifestyles, the market for infused products is expected to witness significant growth. This includes a wide range of offerings, from cannabis-infused snacks and beverages to more sophisticated formulations catering to specific health and wellness needs. Companies that can successfully navigate this segment stand to capitalize on the evolving preferences of consumers.

Segmentation of Legal Cannabis Market: -

By Type          

By Product Type       

By Sales Channel       

By Application          

By End-User   

By Region      

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Hydroponic Substrate Market Supply and Manufacturers Analysis Research Report 2036

Research Nester published a report titled “Hydroponic Substrate Market: Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global hydroponic substrate market in terms of market segmentation by type, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global hydroponic substrate market is anticipated to grow with a CAGR of ~11% during the forecast period, i.e. 2023-2035. The market is segmented by type into organic and inorganic. Out of these, the inorganic segment is anticipated to garner the highest market share by 2031. The growth of the segment is attributed to high trade of rock wool which is a type of inorganic hydroponic substrate. The Observatory of Economic Complexity stated that in 2020, in 2020, rock wool was the world's 521st most traded product. This was equivalent to the value of USD 4.38 billion.

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The global hydroponic substrate market is estimated to garner a notable revenue by the end of 2031. Hydroponics farming is a preferred choice for its faster plant growth as compared to the conventional method. Also, it eliminates the need for pesticides and herbicides and any type of water can be used that can be recycled and reused, which further reduces the need for fresh water and uses less space. The recent health awareness has propelled the population to shift towards salad crops and vegetables which is expected to boost the growth of the hydroponics market during the forecast period. Furthermore, a higher yield of hydroponic crops as compared to conventional soil crops, increasing need for food security with increasing population, rising cultivation of medicinal plants, and increasing adoption of environment-friendly techniques such as farming, agriculture is some of the growth drivers of the hydroponics market.

Geographically, the global hydroponic substrate is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimate to garner the largest market share by the end of 2031, on the back of increased demand of food grains by burgeoning population, expansion in agricultural employment, high disposable income and considerable growth in GDP.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

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Rise in Agriculture Industry to Drive the Market Growth

This high growth rate is attributed to the adoption of hydroponic systems for the indoor farming of vegetables. Also, the rising preference of alternative farming methods for cannabis cultivation is rapidly rising, owing to the legalization of marijuana in many countries. The negative effects of pesticides and artificial ripening agents on their health is expected to drive the demand for hydroponics, as the method eliminates the need for such products, thereby providing nutritionally superior vegetables. Low installation cost and ease of operation of these systems are also expected to boost the adoption in near future.

However, the shortage of labors coupled with low adoption rate and additional expenses in production process is expected to operate as key restraints to the growth of the global hydroponic substrate over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global hydroponic substrate market which includes company profiling of Comercial Projar, S.A. (Projar Group), ROCKWOOL International A/S, Galuku Group Limited, CANNA, Ceyhinz Link International, Inc., JB Hydroponics B.V., The Wonderful Soils Company, Hydrofarm Holdings Group, Inc., Re-Nuble, Inc., Malaysia Hydroponics, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global hydroponic substrate market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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[mjspring]

Cannabis Business Consulting Firms: Your Guide to Success in the Cannabis Industry

The cannabis industry is rapidly evolving, creating a myriad of opportunities for entrepreneurs and businesses. However, navigating this complex landscape can be challenging due to strict regulations, market volatility, and the need for specialized knowledge. This is where cannabis business consulting firms come into play. In this article, we’ll explore the benefits of working with these firms, the services they offer, and how to choose the right one for your needs.

What Are Cannabis Business Consulting Firms?

Cannabis business consulting firms are specialized agencies that provide expert guidance to businesses within the cannabis industry. These firms offer a range of services aimed at helping entrepreneurs launch, grow, and manage their cannabis-related businesses effectively. With their deep understanding of the industry, they can assist with compliance, marketing, financial planning, and operational strategies.

Why You Need a Cannabis Business Consultant

Expert Knowledge of Regulations

The cannabis industry is one of the most heavily regulated sectors in the world. Laws vary significantly from state to state and country to country, making compliance a daunting task for many business owners. Cannabis business consulting firms have a thorough understanding of these regulations and can help ensure that your business adheres to all legal requirements, minimizing the risk of fines or shutdowns.

Market Insights and Strategies

Understanding market trends is crucial for success in the cannabis industry. Consulting firms provide valuable insights into consumer behavior, market demand, and competitive analysis. This information helps businesses develop effective marketing strategies and make informed decisions that can drive growth and profitability.

Financial Planning and Management

Navigating the financial aspects of a cannabis business can be particularly challenging due to banking restrictions and high operational costs. Cannabis consulting firms can assist with budgeting, financial forecasting, and investment strategies, ensuring that your business remains financially viable.

Operational Efficiency

Efficiency is key to success in any business, and the cannabis industry is no exception. Consulting firms can help optimize operations, from cultivation and production to distribution and sales. By identifying areas for improvement, they can help streamline processes, reduce costs, and enhance overall productivity.

Brand Development and Marketing

Creating a strong brand is essential in the competitive cannabis market. Consulting firms can assist with brand development, including logo design, packaging, and messaging. They also offer marketing strategies tailored to the cannabis audience, helping businesses effectively reach and engage their target market.

How to Choose the Right Cannabis Business Consulting Firm

When selecting a cannabis business consulting firm, consider the following factors:

Experience and Expertise

Look for firms with a proven track record in the cannabis industry. Their experience can provide valuable insights and strategies tailored to your specific needs.

Range of Services

Ensure that the consulting firm offers a comprehensive suite of services that align with your business goals. Whether you need help with compliance, marketing, or financial planning, they should have the expertise to assist you.

Client Testimonials and Case Studies

Review client testimonials and case studies to gauge the firm’s effectiveness. Positive feedback from previous clients can provide confidence in their ability to deliver results.

Personalized Approach

Choose a firm that takes the time to understand your unique business challenges and goals. A personalized approach can lead to more effective strategies and solutions.

Reputation in the Industry

Research the firm’s reputation within the cannabis community. A well-regarded consulting firm is more likely to have valuable connections and resources that can benefit your business.

Conclusion

As the cannabis industry continues to grow, the importance of expert guidance cannot be overstated. Cannabis business consulting firms offer the knowledge, resources, and strategies needed to navigate this complex landscape successfully. By partnering with a reputable consulting firm, you can position your cannabis business consultants for long-term success and profitability. Whether you’re just starting or looking to expand, investing in professional consulting services can make all the difference in achieving your goals. https://www.mjspring.co/

[industryforecastnews]

Drug Testing Market Size To Reach USD 8.45 Billion By 2030

Drug Testing Market Growth & Trends

The global drug testing market size is expected to reach USD 8.45 billion by 2030, expanding at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc.. The introduction of innovative tests, stringent regulation mandating drug testing, and growing substance abuse & addiction are some of the factors anticipated to foster market growth during the forecast period. 

Drug abuse and addiction is a global problem, affecting millions of people. As per the World Drug Report published by UNODC, in 2019, around 35.0 million people were suffering from drug use disorders globally. Such a high rate of drug abuse and substance use disorders has created a major demand for innovative tests to prevent, treat, and manage such cases. Several key players operating in this space are introducing innovative and efficient products to meet this growing demand.

For instance, in June 2019, Quidel Corporation received the U.S. FDA’s 510(k) clearance to market its fluorescence immunoassay—Quidel Triage TOX Drug Screen, 94600. This is intended for detecting the presence of metabolites or drugs in urine. Moreover, in June 2020, Cordant Health Solutions offered video-observed oral fluid drug testing to help courts & government agencies to monitor participants during the COVID-19 pandemic. This aided in combating several challenges faced by people with substance abuse disorders during the pandemic.

Continuous government initiatives and implementation of strict substance abuse testing regulations to ensure safety have derived the demand for its testing products. In July 2020, the New Zealand government introduced a new bill that provides police the power to conduct random roadside drug testing of drivers to reduce impaired driving in the country. The new bill allows usage of oral fluid tests to check drivers for substances such as cocaine, ecstasy, cannabis, opiates, methamphetamine, and benzodiazepines. Also, in February 2020, the Directorate General of Civil Aviation in India introduced extensive tests for pilots and flight crew members for psychoactive substances such as opioids & cannabis to ensure safe air travel.

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Drug Testing Market Report Highlights

By product type, the consumables segment dominated the market in 2023, owing to its repetitive use to conduct substance abuse screening

Based on sample type, the urine samples segment accounted for the largest revenue share in 2023, as it is the most common method of sample collection

Increased unemployment and economic crisis due to the Covid-19 pandemic has made people more susceptible to substance abuse, thus created lucrative opportunities in the market

The legalization of marijuana for medicinal as well as recreational use in several countries is anticipated to change the current scenario and may create demand for innovative testing solutions

Stringent privacy rights in some countries are likely to limit substance abuse testing at workplaces, impeding market growth

In Asia Pacific, the market is expected to witness lucrative growth over the forecast period as a result of the growing demand for substance abuse testing from emerging economies, such as China and India

Drug Testing Market Segmentation

Grand View Research has segmented the global drug testing market based on product, sample, drug, end-use, and region:

Drug Testing Product Outlook (Revenue, USD Million, 2018 - 2030)

Consumables

Instruments

Rapid Testing Devices

Services

Drug Testing Sample Outlook (Revenue, USD Million, 2018 - 2030)

Urine Samples

Oral Fluid Samples

Hair Samples

Other Samples

Drug Testing Drug Outlook (Revenue, USD Million, 2018 - 2030)

Alcohol

Cannabis/Marijuana

Cocaine

Opioids

Amphetamine & Methamphetamine

LSD

Others

Drug Testing End-use Outlook (Revenue, USD Million, 2018 - 2030)

Drug Testing Laboratories

Workplaces

Hospitals

Others

Drug Testing Regional Outlook (Revenue in USD Million, 2018 - 2030)

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Regional Insights

North America drug testing market dominated and accounted for a 39.5% share in 2023. This high share is attributable to the local presence of key global market players, such as Bio-Rad Laboratories, Laboratory Corporation of America Holdings, Thermo Fisher Scientific, F. Hoffmann-La Roche Ltd. and others. Moreover, the growth of the drug testing market in North America can majorly be attributed to the increasing incidence of abuse, stringent government regulations, and active screening programs. The governments are actively engaged in controlling the consumption of hazardous drugs to minimize the cost burden associated with it. In addition, the authorities are focusing on formulating new policies. For instance, in September 2023, San Francisco Human Services Agency (SFHSA) announced a new initiative that would need people suffering from substance use disorder who wish to gain access to county funds to enroll in treatment and services.

List of Key Players in Drug Testing Market

Quest Diagnostics Incorporated

Abbott

F. Hoffmann-La Roche Ltd.

Quidel Corporation

Thermo Fisher Scientific, Inc.

Siemens Healthcare GmbH

Bio-Rad Laboratories, Inc.

Agilent Technologies, Inc.

Laboratory Corporation of America Holdings

Clinical Reference Laboratory, Inc.

Cordant Health Solutions

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/drug-testing-market  

[healthcarehubhh]

Cannabidiol Market Is Anticipated to Witness High Growth Owing to Increasing Medical Applications

The cannabidiol market comprises products derived from cannabis sativa plants containing non-psychoactive cannabinoid compound CBD. Cannabidiol is used to treat various health issues like chronic pain, anxiety, epilepsy, acne etc. It has anti-inflammatory, antioxidant and calming properties which help relieve symptoms. Growing awareness about therapeutic benefits of CBD for medical conditions like cancer, Alzheimer's, diabetes etc. without intoxicating effects is driving its demand. The legality of cannabis for medical use in various countries is also boosting the cannabidiol market growth.

The Global cannabidiol market is estimated to be valued at US$ 323.23 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the cannabidiol market are Charlotte's Web, CV Sciences, Medical Marijuana Inc., Isodiol International Inc. and Canopy Growth Corporation. There exists significant opportunities in the market for development of innovative CBD products for various medical applications. Research investments for studying therapeutic efficacy is widening scope of conditions CBD can treat. North America hold the major share due to higher per capita income and technological advancement. Also, rise in health concerns among the people formed a major factor for rise in surgical and minimally invasive procedures in the U.S. According to American Society of Plastic Surgeons (ASPS), around 15.9 million surgical and minimally-invasive cosmetic procedures performed in the U.S. in 2015 which showed a 2% increase over 2014. Market Drivers Growing acceptance of medical cannabis - Legalization of cannabis for medical use in various countries like Canada, Germany, UK, Australia etc. is pushing cannabidiol market growth. More conditions are being added to list of ailments CBD can treat.

[credenceresearchdotblog]

The global demand for Cannabis Testing Services was valued at USD 1154.8 Million in 2022 and is expected to reach USD 3248.2 Million in 2030, growing at a CAGR of 13.80% between 2023 and 2030.As the global cannabis industry continues to experience rapid growth, the demand for comprehensive and reliable cannabis testing services is surging. This sector, which plays a crucial role in ensuring product safety and regulatory compliance, is poised for significant expansion. This article explores the current landscape of the cannabis testing services market, its key drivers, challenges, and future prospects.

Browse the full report at https://www.credenceresearch.com/report/cannabis-testing-services-market

Market Overview

Cannabis testing services encompass a range of analytical procedures designed to assess the quality and safety of cannabis products. These services include testing for potency, contaminants, pesticides, heavy metals, residual solvents, and microbial contaminants. With the increasing legalization of cannabis for both medical and recreational use across various regions, there is a heightened need for rigorous testing to protect consumers and meet regulatory standards.

Key Drivers

1. Legalization and Regulation: One of the most significant factors driving the cannabis testing services market is the expanding legalization of cannabis in various jurisdictions. As more countries and states implement legal frameworks for cannabis, there is a growing emphasis on ensuring that products meet safety and quality standards. Regulatory bodies often mandate comprehensive testing, thereby fueling market demand.

2. Consumer Safety and Quality Assurance: Consumers are becoming increasingly aware of the importance of product safety and quality. They seek assurance that the cannabis products they use are free from harmful substances and contain accurate levels of active ingredients. This consumer-driven demand for transparency and safety is propelling the growth of the testing services market.

3. Technological Advancements: Innovations in testing technologies are enhancing the accuracy, efficiency, and scope of cannabis testing. Advanced techniques such as high-performance liquid chromatography (HPLC), gas chromatography-mass spectrometry (GC-MS), and spectroscopy are improving the ability to detect and quantify various compounds and contaminants in cannabis products. These technological advancements are expanding the range of tests available and driving market growth.

4. Industry Standardization: The cannabis industry is gradually moving towards standardization and certification. Organizations and industry groups are developing standardized testing protocols and quality assurance measures, which are essential for maintaining consistency and reliability across the market. This trend is contributing to the expansion of testing services as businesses seek to align with established standards.

Challenges

1. Regulatory Variability: The cannabis industry is characterized by a patchwork of regulations that vary significantly across regions and jurisdictions. This variability can create challenges for testing laboratories, which must navigate different regulatory requirements and ensure compliance with diverse standards. This complexity can impact the efficiency and consistency of testing services.

2. High Costs and Infrastructure Requirements: Establishing and maintaining a cannabis testing laboratory requires substantial investment in infrastructure, equipment, and skilled personnel. The high costs associated with these requirements can be a barrier to entry for new players in the market. Additionally, ongoing expenses related to calibration, maintenance, and quality control can strain resources.

3. Evolving Regulations: As the cannabis industry continues to evolve, regulatory requirements are also subject to change. Keeping up with evolving regulations and updating testing protocols accordingly can be challenging for laboratories. This dynamic regulatory environment requires agility and adaptability from testing service providers.

Future Outlook

The cannabis testing services market is expected to continue its growth trajectory as the global cannabis industry expands. Key trends likely to shape the market's future include:

1. Increased Focus on Consumer Education: As consumers become more informed about cannabis products, there will be a greater emphasis on educational initiatives related to testing and quality assurance. Testing service providers may play a role in educating consumers about the significance of testing and the information provided on product labels.

2. Integration of Artificial Intelligence and Automation: The integration of artificial intelligence (AI) and automation in testing processes is anticipated to enhance efficiency and accuracy. AI-driven data analysis and automated testing systems can streamline workflows, reduce human error, and provide more rapid results.

3. Expansion into Emerging Markets: As cannabis legalization continues to spread, emerging markets will present new opportunities for testing service providers. Expanding into these markets will require a strategic approach to address local regulatory requirements and establish a foothold in nascent cannabis industries.

Key Players

Saskatchewan Research Council (SRC)

SC Labs

Steep Hill Inc.

SGS Canada Inc.

CW ANALYTICAL

Pharm Labs

Green Leaf Lab

Agilent Technologies Inc.

Danaher Corporation

MERCK KGAA

Perkin Elmer

Restek Corporation

SC Laboratories

Shimadzu Corporation

Steep Hill

Segmentation

By Type of Testing of Testing:

Potency Testing

Pesticide Testing

Residual Solvent Testing

Heavy Metals Testing

Microbiological Testing

Terpene Profiling

Genetic Testing (Strain Identification)

By End-Users:

Cannabis Cultivators and Producers

Cannabis Processors and Manufacturers

Research and Testing Laboratories

Regulatory Agencies

By Sample Type of Testing:

Cannabis Flower and Bud

Cannabis Extracts and Concentrates

Edibles and Infused Products

Other Cannabis Products

By Region

North America

U.S

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East and Africa

Browse the full report at https://www.credenceresearch.com/report/cannabis-testing-services-market

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What key trends are contributing to the expected 7.1% CAGR in the global smoking accessories market from 2024 to 2032?

The expected 7.1% CAGR in the global smoking accessories market from 2024 to 2032 is driven by several key trends:

Growing Legalization of Cannabis: As more areas allow the use of cannabis for both medical and recreational purposes, there is a growing need for smoking accessories including vaporizers, pipes, and rolling papers.

2. Rising Popularity of E-Cigarettes and Vaping: As more people switch from smoking traditional tobacco products to vaping, the market for related accessories like vape pens, e-liquids, and replacement parts is expanding.

3. Innovative Product Development: As smoking accessories continue to evolve with new styles, materials, and technologies, customers are drawn to them and are more likely to make repeat purchases.

4. Increased Consumer Disposable Income: Consumers are able to spend more on high-end smoking accessories thanks to higher disposable incomes, especially in developing nations.

5. Growing Online Sales Channels: As e-commerce platforms increase, customers will find it easier to acquire a greater selection of smoking accessories, which will propel market expansion.

6. Social Acceptance and Changing Attitudes: The demand for accessories associated with smoking is rising as a result of growing social acceptance of smoking, particularly of cannabis, and shifting views regarding its use.

7. Marketing and Branding Efforts: Major players are increasing product visibility and consumer interest through aggressive marketing and branding initiatives.

8. Growing Customization Trend: The market is expanding as a result of consumers' inclination for individualized and customized smoking accessories.

The global smoking accessories market is expected to grow at a 7.1% CAGR from 2024 to 2032 due to cannabis legalization, rising e-cigarette and vaping popularity, innovative product development, increased disposable income, expanding online sales, social acceptance, aggressive marketing, customization trends, and awareness of lung cancer risks.

These trends collectively contribute to the robust growth forecast for the smoking accessories market over the coming years.

[healthcaremarketanalysis]

Cannabis Testing Market worth $4.0 billion by 2029

Cannabis Testing Market in terms of revenue was estimated to be worth $1.8 billion in 2024 and is poised to reach $4.0 billion by 2029, growing at a CAGR of 17.2% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The important factors impacting market growth are legalization trends and rising medical applications for cannabis. Rising approvals for medical and recreational cannabis drive the regulations requiring product safety testing which in turn fuel the need for cannabis testing services. Additionally, the rise in the number of cannabis testing labs due to legalization is propelling the demand for analytical instruments is likely to uplift market growth in coming years.

Cannabis Testing Market Trends

Download an Illustrative overview:

Browse in-depth TOC on "Cannabis Testing Market"

439 - Tables

52 - Figures

378 – Pages

Products segment held the highest estimated share of the cannabis testing market.

Based on product & software, the cannabis testing market is segmented into products (analytical instruments {chromatography instruments [liquid chromatography, gas chromatography & other chromatography instruments], spectroscopy instruments [mass spectrometry instruments & atomic spectroscopy instruments] & other analytical instruments} and consumables {chromatography columns, standards and CRMS, sample preparation products and other consumables) and software. The product segment accounted for the largest share of the cannabis testing market in 2023. Market growth is driven by technological advancements providing sophisticated tools for precise analysis, ensuring compliance and quality control, and the expanding legalization of cannabis products. Additionally, increasing requirements for potency labeling and pesticide screening fuel the demand for specialized consumables, further propelling growth in the cannabis testing market. For example, Thermo Fisher Scientific Inc. launched the Thermo Scientific SureSTART consumables portfolio consisting of vials, well plates, caps, inserts, kits, and mats to improve analytical performance and sample security for chromatography and mass spectrometry users in routine and research labs in clinical, food, pharma, biopharma, environmental, and academic sectors.

High growth of services segment attributed to potency testing services.

Based on service, the cannabis testing market is broadly segmented into terpene profiling, microbial analysis, residual solvent analysis, potency testing, heavy metal testing, pesticide screening, and other services. In 2023, potency testing accounted for the largest share of the cannabis testing services market. The high growth of this segment is due to stringent regulatory requirements ensuring accurate THC and CBD levels. This is crucial for product labeling, consumer safety, and compliance, driving demand from producers and dispensaries seeking to meet legal standards and provide reliable, high-quality products.

Services take away the largest estimated share of the end-user segment.

Based on end users, the cannabis testing market is classified into segmented into product & software end users (cannabis testing laboratories {small-scale laboratories, medium-scale laboratories, large-scale laboratories} and research institutes) and service end users (cannabis drug manufacturers & dispensaries, cannabis cultivators/growers). In 2023, the service end users' segment was predicted to account for the highest share of the global cannabis testing market. The large share of this end user segment is due to the rising consumer awareness of quality and safety, rising legalization of cannabis, stringent regulatory standards, and technological advancements in cannabis testing.

During the forecast period, North America displayed lucrative market growth.

North America accounted for the largest share of 65.5% of the cannabis testing market in 2023. The North American market is projected to reach a value of USD 2.6 billion by 2029 from an estimated value of USD 1.2 million in 2024, at a CAGR of 17.3% during the forecast period. The region leads the cannabis testing market due to stringent regulatory standards, robust infrastructure, and widespread legalization of cannabis for medical and recreational purposes. Additionally, North America's advanced R&D capabilities and evolving consumer demand for quality assurance drive its prominence in this growing sector.

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Cannabis Testing Market Dynamics:

Drivers:

Increasing legalization of medical and recreational cannabis

Increasing use of cannabis for medicinal applications

Technological advancements in testing technologies

Restraints:

Lack of standardization

Investment risks due to regularization

Opportunities:

Untapped markets in emerging economies

Research collaborations

Challenge:

High setup costs

Key Market Players of Cannabis Testing Industry:

The global cannabis testing market comprises many key market players competing for markets shares like Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Waters Corporation (US), Restek Corporation (US), SGS SA (Switzerland), Merck KGaA (Germany), PerkinElmer, Inc. (US), Hamilton Company (US), Sigma Analytical Services (Canada), SC Labs (US), PharmLabs LLC (US), MCS, Inc. (US), ProVerde Laboratories (US), and Eurofins Scientific (Luxembourg).

The primary interviews conducted for this report can be categorized as follows:

By Respondent: Supply Side- 70%, and Demand Side - 30%

By Designation (Supply Side): Managers - 45%, CXOs & Directors - 30%, Executives- 25%

By Region: North America -40%, Europe -25%, Asia-Pacific -20%, Latin America -10%, MEA- 5%

Recent Developments:

In September 2023, Shimadzu Corporation launched the Brevis GC-2050 gas chromatograph used in various applications including cannabis testing.

In April 2023, SC Labs, one of the leading cannabis testing companies, acquired C4 Laboratories, one of the first Arizona cannabis labs, thus allowing it to be licensed and accredited in five states: California, Colorado, Michigan, Oregon, and Arizona.

In June 2022, Shimadzu Corporation launched the AA-7800 series atomic absorption spectrophotometers. The AA-7800 series is used for quality control in the raw material, food, and for inspecting water quality and hazardous substances in soil thus presenting an advantage in heavy metal testing of cannabis.

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Cannabis Testing Market - Key Benefits of Buying the Report:

The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall cannabis testing market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Analysis of key drivers (increasing legalization of medical and recreational cannabis, increasing use of cannabis for medicinal applications and technological advancements in testing technologies), restraints (lack of standardization and investment risks due to regularization), opportunities (untapped markets in emerging economies and research collaborations) and challenges (high setup costs) are influencing the growth of cannabis testing market.

Product Development/Innovation: Detailed insights on newly launched products of the cannabis testing market.

Market Development: Comprehensive information about lucrative markets – the report analyses the cannabis testing market across varied regions.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the cannabis testing market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players include Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Waters Corporation (US), Restek Corporation (US), SGS SA (Switzerland), Merck KGaA (Germany), PerkinElmer, Inc. (US), Hamilton Company (US), Sigma Analytical Services (Canada), SC Labs (US), PharmLabs LLC (US), MCS, Inc. (US), ProVerde Laboratories (US), and Eurofins Scientific (Luxembourg) among others in the cannabis testing market.

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Automatic Identification and Data Capture Market: Dissecting the Factors Steering Growth and Potential Risks

Automatic Identification and Data Capture Market provides in-depth analysis of the market state of Automatic Identification and Data Capture manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automatic Identification and Data Capture in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Automatic Identification and Data Capture Market Report:

The report offers a comprehensive and broad perspective on the global Automatic Identification and Data Capture Market.

The market statistics represented in different Automatic Identification and Data Capture segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Automatic Identification and Data Capture are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Automatic Identification and Data Capture.

Major stakeholders, key companies Automatic Identification and Data Capture, investment feasibility and new market entrants study is offered.

Development scope of Automatic Identification and Data Capture in each market segment is covered in this report. The macro and micro-economic factors affecting the Automatic Identification and Data Capture Market

Advancement is elaborated in this report. The upstream and downstream components of Automatic Identification and Data Capture and a comprehensive value chain are explained.

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Medicinal Cannabis Market Driving Growth Owing to Increased Legalization

Medicinal cannabis, also known as medical marijuana, refers to using the whole unprocessed marijuana plant or its basic extracts to treat symptoms of illnesses and other conditions. It is most commonly used to treat chronic pain, muscle spasms, nausea caused by chemotherapy, neurological disorders, epilepsy, and mental disorders such as depression, anxiety and post-traumatic stress disorder. The legalization of medicinal cannabis across various countries is fueling its demand as an alternative to prescribed medication to treat medical ailments.

The Global Medicinal Cannabis Market is estimated to be valued at US$ 14589.08 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Medicinal Cannabis Market are Deere & Company, AGCO Corporation, Agribotix LLC, Agrobot and Blue River Technology. These players are focusing on introducing advanced technologies for cultivation and production of cannabis to meet the growing demand. The key opportunities in the market include expanding product portfolio, strategic partnerships, and increasing geographical presence. Various countries are legalizing cannabis for medical use which is creating new opportunities for market players. Technological advancements such as controlled environment agriculture, artificial intelligence, indoor farming, and analytics are enabling efficient cultivation of cannabis. Smart greenhouses with sensors and robotic equipment are helping increase yield while reducing production costs. Market Drivers Increased legalization of medicinal cannabis across major countries is a key driver boosting the market growth. Countries like Canada, Germany, Italy, Australia, Chile, Colombia, and several U.S. states have legalized medical cannabis over the past decade. This has expanded access to patients and increased production. Growing acceptance of cannabis in treating health issues is further fueling the demand. Rising investments in development of advanced cannabis varieties through plant breeding is also propelling the market.

Current Challenges in Medicinal Cannabis Market The Medicinal Cannabis Market Demand is still evolving with various challenges. One major challenge is the variable legality and regulations across different geographies. While many countries and states have legalized medical cannabis, it is still considered as an illegal drug in others. This regulatory uncertainty poses difficulty for businesses to expand globally and gain acceptance. Another challenge is the limited number of high-quality clinical studies to prove the medical efficacy and advantages of various cannabis-based medicines. More extensive research is still needed to understand the potential of cannabis-based therapeutics better. On the production front, developing standardized cultivation and manufacturing practices is challenging due to the complexity involved. This impacts the consistency and quality of medical cannabis products. Lastly, with medical cannabis being a new category, its acceptance among medical professionals and patients is still a work in progress which requires more awareness and advocacy.

Get more insights on Medicinal Cannabis Market

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[health-views-updates]

The Evolving Legal Marijuana Market: What to Expect in the Coming Years

Legal Marijuana Market Outlook, Scope & Overview:

Industry reports indicate that the global legal marijuana market was valued at USD 21.08 billion in 2023 and is projected to reach USD 130.55 billion by 2031, growing at a CAGR of 25.6% over the forecast period 2024-2031.

Regulatory Changes and Increasing Acceptance to Drive Growth of Global Legal Marijuana Market

The adoption of legal marijuana for medical and recreational purposes will continue to influence global market revenues. Regulatory changes, increasing acceptance of cannabis use, and rising investments in cannabis cultivation and product development are key factors driving market growth.

As a product segment, medical marijuana currently holds a significant share of the global legal marijuana market. This segment is anticipated to grow at a year-over-year rate of 25.6% in 2024 over 2023 and reach USD 130.55 billion in revenues by 2031. The increasing recognition of marijuana's therapeutic benefits and the growing number of countries legalizing its medical use are expected to drive market growth.

Legal Marijuana Market – Market Dynamics

Drivers:

The legal marijuana market is witnessing significant growth in the global market due to the increasing legalization and decriminalization of cannabis across various regions. The rising acceptance of marijuana for both medical and recreational use, coupled with growing investments in cannabis research and development, are key factors driving the adoption of legal marijuana worldwide. Additionally, the expanding consumer base and the increasing availability of cannabis products through legal channels are further propelling market growth.

Restraints:

Despite the growth potential, challenges such as stringent regulatory requirements, social stigma, and the complexity of cannabis legalization across different regions are hindering the widespread adoption of legal marijuana. Moreover, concerns about potential misuse, the need for standardized dosing and quality control, and the risk of legal and financial uncertainties pose additional challenges to market expansion.

Legal Marijuana Market – Market Outlook

The proven benefits of legal marijuana in treating various medical conditions, improving quality of life, and offering recreational enjoyment have contributed to the market's growth. Legal marijuana is expected to witness increased adoption across major markets, including North America, Europe, and Asia Pacific, driven by favorable regulatory changes and the growing acceptance of cannabis use.

Global Legal Marijuana Market

The rise in demand for legal marijuana in developed and emerging markets is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global legal marijuana market, with the US and Canada being key contributors to market revenues. Europe and Asia Pacific regions are also experiencing rapid adoption of legal marijuana, supported by evolving regulatory frameworks and increasing consumer demand.

Key Players in the Legal Marijuana Market

Leading companies in the legal marijuana market include Canopy Growth Corporation, Aurora Cannabis Inc., Tilray, Inc., and Cronos Group. These companies are at the forefront of developing and commercializing a wide range of cannabis products for medical and recreational use, including flowers, edibles, oils, and concentrates.

In conclusion, the global legal marijuana market is poised for substantial growth over the forecast period, driven by regulatory changes, increasing acceptance of cannabis use, and the expanding adoption of legal marijuana across diverse regions and applications.

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Legal Cannabis Market Size-Share, Growth Factors, Forecast 2023-2030

Global Legal Cannabis Market is expected to grow at a significant growth rate, and the forecast period is 2023-2030, considering the base year as 2022.

The Legal Cannabis Market has experienced unprecedented growth in recent years, driven by changing societal attitudes towards cannabis, increasing legalization efforts, and the recognition of its potential economic benefits. As more regions around the world embrace cannabis for medical and recreational use, the market has evolved into a dynamic and multifaceted industry. The market encompasses a wide range of products, including cannabis flower, edibles, concentrates, and pharmaceuticals, creating a diverse landscape with numerous opportunities for both established players and new entrants.

Leading Key Players Covered Legal Cannabis Market: -

Canopy Growth Corporation (Canada), Aphria Inc. (Canada), VIVO marijuana Inc. (Canada), OrganiGram Holding Inc. (Canada), Aurora marijuana Inc. (Canada), The Green Organic Dutchman (Canada), Atlas Growers (Canada), Maricann Group, Inc. (Canada), Tilray Inc. (Canada), Terra Tech Corp. (US), Stenocare A/S (Denmark), HEXO Corp. (Canada), Medical Cannabis Inc. (US), AlephSana GmbH (Germany), Tikun Olam Ltd. (Israel), Cannabis Science Inc. (US) and Other Major Players

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Market Driver:

One significant market driver propelling the Legal Cannabis Market is the growing acceptance of cannabis for medicinal purposes. Increasing awareness of the therapeutic properties of cannabis, along with a shift in regulatory frameworks favoring medical cannabis use, has fueled demand. The expanding list of medical conditions where cannabis is prescribed, such as chronic pain, epilepsy, and anxiety, is driving the market's growth. As more scientific research validates the medical efficacy of cannabis, it not only enhances consumer confidence but also attracts investments and stimulates innovation in product development.

Market Opportunity:

A key market opportunity lies in the emerging trend of cannabis-infused products and beverages. The shift towards alternative consumption methods, such as edibles and beverages, presents a vast opportunity for market players. As consumers seek discreet and convenient ways to incorporate cannabis into their lifestyles, the market for infused products is expected to witness significant growth. This includes a wide range of offerings, from cannabis-infused snacks and beverages to more sophisticated formulations catering to specific health and wellness needs. Companies that can successfully navigate this segment stand to capitalize on the evolving preferences of consumers.

Segmentation of Legal Cannabis Market: -

By Type          

By Product Type       

By Sales Channel       

By Application          

By End-User   

By Region      

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Legal Cannabis Market Worth $134.4 Billion By 2030

The global medical marijuana market size is expected to reach USD 65.8 billion by 2030 and is expected to expand at a CAGR of 21.80% over the forecast period, according to a new report by Grand View Research, Inc. The major factors attributed to the industry growth are the rapid adoption of cannabis in therapeutic applications and a surge in the number of countries legalizing the usage of medical…

[researchanalysts]

Future Projections: Medical Marijuana Market Unlocking Opportunities and Trends in the Healthcare Industry

The Medical Marijuana Market is Valued at USD 48.8 billion in 2024 and is projected to reach USD 152.6 billion by 2032, growing at a CAGR of 13.5% During the Forecast period of 2024–2032.

Introduction: Medical marijuana, derived from the Cannabis sativa plant, is gaining recognition for its therapeutic potential in treating various medical conditions. Unlike recreational marijuana, medical marijuana is prescribed by healthcare professionals to alleviate symptoms such as chronic pain, epilepsy, and nausea associated with chemotherapy. 

The market for medical marijuana is expanding rapidly, driven by increasing legalization, growing acceptance among medical communities, and ongoing research into its benefits. This report delves into the current state of the medical marijuana market, providing valuable insights for stakeholders.

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Key Manufacturers: ➲ Cara Therapeutics Inc.,  ➲ Cannabis Sativa, Inc.,  ➲ CannaGrow Holdings, Inc.,  ➲ United Cannabis Corporation,  ➲ Growblox Sciences, Inc.,  ➲ GreenGro Technologies, Inc.,  ➲ GW Pharmaceuticals plc,  ➲ International Consolidated Companies, Inc.,  ➲ Lexaria Corp.  ➲ among others

Why Should Access to This Report? Accessing this comprehensive report on the medical marijuana market offers numerous benefits: ➣ In-Depth Market Analysis: Gain a thorough understanding of market dynamics, including growth drivers, challenges, and emerging trends. ➣ Competitive Landscape: Learn about key players, their strategies, and how they are navigating the evolving market. ➣ Regulatory Insights: Stay informed about the latest legal developments and regulatory frameworks impacting the industry. ➣ Investment Opportunities: Identify potential investment avenues and areas with significant growth potential. ➣ Data-Driven Insights: Make informed decisions based on meticulously gathered and analyzed data.

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Reason to purchase this report: ➽ Determine prospective investment areas based on a detailed trend analysis of the global medical marijuana market over the next years. ➽ Gain an in-depth understanding of the underlying factors driving demand for different medical marijuana market segments in the top spending countries across the world and identify the opportunities offered by each of them. ➽ Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others. ➽ Identify the major channels that are driving the global medical marijuana market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion. ➽ Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global medical marijuana market. ➽ Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top medical marijuana market providers around the world which include information about their products, alliances, recent contract wins, and financial analysis wherever available.

Mostly Asked Questions: ✤ What is driving the growth of the medical marijuana market? ✤ Which regions are expected to witness the highest growth? ✤ What are the major challenges faced by the industry? ✤ How are regulatory changes influencing market dynamics? ✤ Who are the key players in the market and what are their strategies? ✤ What are the potential side effects and risks associated with medical marijuana? ✤ How does medical marijuana compare to traditional pharmaceuticals in terms of efficacy and safety?

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Conclusion: The medical marijuana market is poised for significant growth, driven by increasing legalization, rising acceptance, and ongoing research. This report provides a comprehensive overview of the market, offering valuable insights into trends, opportunities, and challenges. Stakeholders can leverage this information to make informed decisions, capitalize on growth opportunities, and navigate the evolving landscape of the medical marijuana industry. Access this report to stay ahead in this dynamic market and unlock the potential of medical marijuana.

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Legal Marijuana Market: Investment Strategies and Financial Outlook

The global legal marijuana market size is expected to reach USD 102.24 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 25.7% from 2024 to 2030. Increase in rate of legalization of marijuana for medicinal and adult-use/recreational marijuana, growing adoption of these products for the treatment of chronic ailments and rise in a number of new product launches are the primary factors responsible for the growth of the market. For instance, in March 2023, Irwin Naturals Inc., a herbal supplement formulator, introduced company's’ new CBD 25mg Softgels in Canada. It is available through the Starseed Medicinal Medical Group platform across the nation.

Legal Marijuana Market Report Highlights

By application, medical segment accounted for the largest revenue share of 79.1% in 2023 owing to the high demand among healthcare practitioners and patients for medicinal marijuana.

By product type, oil and tinctures held the largest market share in 2023 owing to low price and ease of accessibility of flowers compared to other products.

In 2023, North America dominated the overall market with a revenue share of 76.0% owing to its large consumer base, North America was among the first regions to legalize the use of medical and recreational cannabis. 

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In April 2022, New Jersey legalized recreational and medical marijuana, and it is being sold at 13 facilities. This move has made New Jersey one of the 18 states in the United States where recreational marijuana is legal. The market is experiencing growth due to the widespread acceptance of cannabis and its high demand. Since its legalization, the use of marijuana in medical treatments has increased, leading to a decrease in the illegal trade of cannabis. According to a study conducted by New York University, the usage of cannabis among individuals aged 50-64 has doubled in the last decade and has now reached 9.0%.

Moreover, price of legal marijuana is lower than medical marijuana, and taxes would be levied on marijuana products after its legalization. Therefore, cultivators are focusing on cultivating marijuana in areas that are exempt from taxes. For instance, in New York, marijuana cultivators are focusing on tribal regions to get exempted from the taxes levied by the government. This is expected to lower the overall cost of cultivation of marijuana in the state, and cultivators can sell marijuana at lower prices. Lower prices of marijuana are further anticipated to boost the adoption of marijuana in the market.

List of major companies in the Legal Marijuana Market

Canopy Growth Corporation

AURORA CANNABIS INC.

Tilray Brands Inc. (Aphria, Inc.)

ABcann Medicinals, Inc. (VIVO Cannabis Inc.)

The Cronos Group

MARICANN INC.

Organigram Holdings Inc.

Lexaria Bioscience

GW Pharmaceuticals (Jazz Pharmaceuticals, Inc.)

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We have segmented the global legal marijuana market on the basis of application, product type, and region.

Legal Marijuana Application Outlook

Medical

Adult Use

Legal Marijuana Product Type Outlook

Flower

Oil & Tinctures

Legal Marijuana Regional Outlook

North America

Europe

Asia Pacific

Latin America

Middle East and Africa (MEA)

Research Methodology

We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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