Cannabis market grows to $ 5.72 billion

Predictive diagnostics moves to next-gen sequencing

The global cannabis pharmaceutical industry is expected to grow to $ 5.72 billion by 2027 , a projected growth of 75.8 per cent . Favourable legislation , policies across developed economies , and investments in R & D could be key factors , while blockchain technology could be used to maintain strain purity and capture accurate dosage data .

By 2031 the global market for predictive diagnostics is expected to be worth over $ 3 billion . Manufacturers are slowly moving towards nextgeneration sequencing ( NGS ) platforms by integrating advanced technologies in their tools . With cancer remaining a leading cause of death , the use of high-tech predictive diagnostic tools to identify the risk of cancer is likely to rise .

16 April 2021