Cannabis Analyzer Market Sparks Rapid Innovations Amid Stringent Regulations
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 accurate labelling of cannabis products in various markets.
Increasing applications of cannabis in medicine along with the legalization of medical marijuana in North American Countries support the growth of tcannabis analyzers market. Concerns regarding the quality of cannabis due to contamination with a number of chemical agents such as pesticides is driving the growth of the cannabis analyzers market. However, high cost of bench top devices may hinder the growth of the cannabis analyzers market.
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Cannabis Analyser Market: Overview
The global Cannabis Analyzer market is expected to witness moderate growth over the forecast period. The cannabis analyzers 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 maintain the quality of their product as well as by researchers working on identification of therapeutic applications of cannabis.
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The cannabis analyzers are available as both bench top as well as portable. MyDx was one of the first portable chemical analyzers developed with consideration of affordability as well as accuracy. The portable cannabis analyzers are available at lowest price of about $650-700. Some of the component that cannabis analyzers measure are 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 to skill-set.
However factors such as lack of standardization throughout the industry is 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.
Sage has set an example for the cannabis analyzers market by adapting FDA-approved technology used in 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.
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Cannabis Analyser Market: Drivers and Restraints
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 is driving the growth of the cannabis analyzers market. However, high cost of bench top devices may hinder the growth of the cannabis analyzers market.
Cannabis Analyser Market: Segmentation
Tentatively, the global Cannabis Analyzer market can be segmented on the basis of product type, modality, end user and geography.
Based on product type, the global Cannabis Analyzer market is segmented as:
- Chromatography Based Cannabis Analyzer
- Spectroscopy Based Cannabis Analyzer
Based on modality, the global Cannabis Analyzer market is segmented as:
- Bench Top Cannabis Analyzer
- Portable Cannabis Analyzer
Based on End User, the global Cannabis Analyzer market is segmented as:
- Growers & Producers
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Cannabis Analyser Market: Key Players
The global Cannabis Analyzer market is highly fragmented. Examples of some of the key players operating in the global Cannabis Analyzer market are Cannabi-Tech, PerkinElmer, LabX, Shimadzu Scientific Instruments, MyDx, Inc., LightWave Science, Inc., Orange Photonics, Inc., QUANTUM ANALYTICS, and Allied Scientific Pro among others.
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