Cannabis Analyser Market

Cannabis Analyser Market Outlook (2022-2032)

Many technological breakthroughs are seeing the light of day in the cannabis analyzer market due to which the cannabis analyzer market is on an upward growth trajectory. For instance, In Jan 2019, Shimadzu Scientific Instruments (SSI) introduced a new Hemp analyzer. This analyzer is a turnkey solution for the rapid detection of cannabidiol liquids.

The unique combination of its hardware, software, and analysis workflow allows it to run samples in the shortest possible time. Around 9 commonly requested cannabinoids can be detected in under 8 minutes. Many US states have legalized the recreational and medical use of cannabis for its myriad health benefits namely pain reduction, nausea reduction, seizure reduction, and autism. The quantification of cannabis potency is essential for the accurate labeling of cannabis products in various markets.

The biggest concern of cannabis analyzers is safety. Cannabis is used for the medicinal purpose of treating animals and adults. The proper quality handling in place is necessary as the cannabis analysis if goes right likely to have an influence on the high-quality traceable data. The companies need to focus on the testing process improvement apart from just qualifying regulatory requirements.

The global market for cannabis analyzers accounts for USD 1.35 Billion at present in 2022. This market is anticipated to surpass a valuation of USD 3.66 Billion by end of 2032. The forecast period considered in this research is 2022- 2032. The market is likely to expand with a CAGR of 10.5% in the upcoming period.

Report Attributes	Details
Market size (2022 A)	USD 1.35 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 3.66 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 10.5%
Key Companies Profiled	Cannabi-Tech, PerkinElmer, LabX, Shimadzu Scientific Instruments, MyDx, Inc., LightWave Science, Inc

What are the factors propelling demand for this product?

Increasing applications of cannabis in medicine along with the legalization of medical marijuana in North American Countries support the growth of the cannabis analyzers market. Concerns regarding the quality of cannabis due to contamination with a number of chemical agents such as pesticides are driving the growth of the cannabis analyzers market.

The global Cannabis Analyzer market is expected to witness moderate growth over the forecast period. The market is expected to flourish in the next few years due to the legalization of medical marijuana. The cannabis analyzers can be broadly classified into chromatography-based cannabis analyzers and spectroscopy-based cannabis analyzers. Cannabis analyzers are used by growers and producers for maintaining the quality of their products as well as by researchers working on the identification of therapeutic applications of cannabis.

What are the hindrances faced by market players?

Despite the advancing state of technology, the cannabis market is bombarded with a smorgasbord of rules and regulations as it is still considered illegal at the federal level. There are stringent limits on the maximum residual limits of adulterants and contaminants in when cannabis is used as a food or beverage.

The high cost and strict rules act as major limiting factors for this market. There is an absence of laws impacting on this market in Africa and the Asian region which is likely to hinder the growth of this industry. The rising adoption of medical conditions and instruments has opened the door for illegal manufacturers the creation of such machines.

This makes it difficult for analyzers and labs to cope with the marked variability of these limits and the purity standards set by the FDA. Unless cannabis is completely legalized, the fallout of these regulations will continue to deter the market.

Recent Developments

Analytical instrument manufacturers are focusing on providing testing laboratories with protocols for sample preparation, method development, and establishing GLP for the testing of cannabis. Some of the manufacturers now offer dedicated cannabis analyzers such as HPLC and UHPLC devices for optimized compound isolation and quantitative analysis of cannabis.

• California-based tCheck enables consumers to gauge the potency of cannabis edibles that are made at home. The tCheck device is a small hand-held device that uses UV spectrometry to check CBD and THC cannabinoid levels in butter, concentrates, and oil infusions. Test results are transferred via a mobile app through Bluetooth. Such prolific innovations will spearhead a new era of cannabis testing and will boost the growth of the cannabis analyzer market.
• Manufacturers such as Sage Analytics have partnered with companies such as Allied Scientific Pro for the development of cannabis analyzers. Sage has set an example for the cannabis analyzers market by adapting FDA-approved technology used in the pharmaceutical industry to test marijuana potency. The cannabis analyzers developed by Sage can replace or augment current testing methodologies that are expensive and have a number of drawbacks related to small-batch testing.

Segment wise Insights

The portable cannabis analyzers are available at the lowest price of about $650-700. Some of the components that cannabis analyzers measure is THC, CBD, Terpenes, and pesticides. Portable cannabis analyzers are the most suited for on-site testing thereby increasing their chances of passing state-sanctioned testing.

Furthermore, these cannabis analyzers can be used by any person regardless of skill set. However, factors such as lack of standardization throughout the industry are a challenge that may hinder the growth of the cannabis analyzers market during the forecast period. Some of the end users for cannabis analyzers include consumers, regulators, laboratories, and growers & producers.

Regional Outlook

Geographically, the global Cannabis Analyzer market is segmented into North America, Latin America, Europe, and Asia Pacific excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). North America is expected to be a dominant region in the global Cannabis Analyzer market, owing to various technological advancements, high awareness of the general public, and the legalization of marijuana. Europe Cannabis Analyzer Market is expected to follow North America with the legalization of cannabis for medical use.

Cannabis Analyser Market: Segmentation

• By Product Type :

  • Chromatography Based
  • Spectroscopy Based

• By Modality :

  • Bench Top Cannabis Analyzer
  • Portable Cannabis Analyzer

• By End User :

  • Consumers
  • Regulators
  • Laboratories
  • Growers & Producers

• By Region :

  • North America
  • Latin America
  • Europe
  • CIS/Russia
  • Japan
  • Asia-Pacific excluding Japan
  • Middle East & Africa