Australia In-vitro Toxicology Assays For Cannabis And Nicotine Testing Market Size & Outlook

The in-vitro toxicology assays market for cannabis and nicotine testing market in Australia is expected to reach a projected revenue of US$ 39.0 million by 2028. A compound annual growth rate of 9.1% is expected of Australia in-vitro toxicology assays market for cannabis and nicotine testing market from 2021 to 2028.
Revenue, 2020 (US$M)
$19.5
Forecast, 2028 (US$M)
$39.0
CAGR, 2021 - 2028
9.1%
Report Coverage
Australia

Australia in-vitro toxicology assays market for cannabis and nicotine testing market, 2017-2028 (US$M)

Australia

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Australia in-vitro toxicology assays market for cannabis and nicotine testing market highlights

  • The Australia in-vitro toxicology assays market for cannabis and nicotine testing market generated a revenue of USD 19.5 million in 2020 and is expected to reach USD 39.0 million by 2028.
  • The Australia market is expected to grow at a CAGR of 9.1% from 2021 to 2028.
  • In terms of segment, nicotine testing was the largest revenue generating type in 2020.
  • Cannabis Testing is the most lucrative type segment registering the fastest growth during the forecast period.


In-vitro toxicology assays market for cannabis and nicotine testing market data book summary

Market revenue in 2020USD 19.5 million
Market revenue in 2028USD 39.0 million
Growth rate9.1% (CAGR from 2020 to 2028)
Largest segmentNicotine testing
Fastest growing segmentCannabis Testing
Historical data2017 - 2019
Base year2020
Forecast period2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationCannabis Testing, Nicotine Testing
Key market players worldwideToxikon, Stemina Biomarker Discovery, Broughton, Labstat, Iontox, Integrated Software Solutions, Montrose, Pbr Laboratories


Other key industry trends

  • In terms of revenue, Australia accounted for 1.6% of the global in-vitro toxicology assays market for cannabis and nicotine testing market in 2020.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In Asia Pacific, China in-vitro toxicology assays market for cannabis and nicotine testing market is projected to lead the regional market in terms of revenue in 2028.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 37.0 million by 2028.

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In-vitro Toxicology Assays Market For Cannabis And Nicotine Testing Market Companies

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Australia in-vitro toxicology assays market for cannabis and nicotine testing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to in-vitro toxicology assays market for cannabis and nicotine testing market will help companies and investors design strategic landscapes.


Nicotine testing was the largest segment with a revenue share of 63.08% in 2020. Horizon Databook has segmented the Australia in-vitro toxicology assays market for cannabis and nicotine testing market based on cannabis testing, nicotine testing covering the revenue growth of each sub-segment from 2017 to 2028.


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Horizon Databook provides a detailed overview of country-level data and insights on the Australia in-vitro toxicology assays market for cannabis and nicotine testing market, including forecasts for subscribers. This country databook contains high-level insights into Australia in-vitro toxicology assays market for cannabis and nicotine testing market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Australia in vitro toxicology assays cannabis nicotine testing market report size, by type, 2017-2028 (US$M)

Australia In-vitro Toxicology Assays Market For Cannabis And Nicotine Testing Market Share, 2020 & 2028 (US$M)

Australia in vitro toxicology assays cannabis nicotine testing market report size, by type, 2017-2028 (US$M)

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