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21-Nov-2023

Global Automated Cannabis Testing Industry is on track for considerable expansion, projected to achieve a CAGR of 11% to 13% by 2032 | FMI

Automated Cannabis Testing Industry

The global automated cannabis testing industry is expected to increase significantly from 2022 to 2032, with a CAGR of roughly 11% to 13%. The market is expanding as a result of rising automation use in cannabis testing labs and rising global demand for high-quality cannabis-based medical goods.

The automated cannabis testing market is experiencing rapid growth and transformation as the cannabis industry continues to expand and evolve. Cannabis, both for medical and recreational use, has gained widespread acceptance and legalization in many regions, creating a need for rigorous testing to ensure product safety and quality. This surge in demand has led to the development and adoption of automated testing solutions to streamline and enhance the testing process.

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One of the key drivers behind the growth of the automated cannabis testing market is the increasing regulatory requirements imposed by governments and health agencies. To ensure consumer safety and product consistency, cannabis products must undergo comprehensive testing for potency, contaminants, and other quality parameters. Automation helps cannabis testing laboratories meet these regulatory requirements efficiently and accurately. Automated systems can perform a wide range of tests, including cannabinoid profiling, pesticide screening, microbial analysis, and heavy metal detection, with minimal human intervention.

Furthermore, automation brings several advantages to cannabis testing facilities. It significantly reduces the risk of human error, which is crucial when dealing with products intended for consumption. Automated systems can process large volumes of samples in a shorter time frame, increasing the throughput of testing laboratories. This efficiency not only saves time but also reduces operational costs, making it a cost-effective solution in the long run.

In addition to regulatory compliance and operational efficiency, automation in cannabis testing also enhances data accuracy and reproducibility. These automated systems can produce highly consistent results, ensuring that cannabis products meet quality standards consistently. This reliability is essential for both producers and consumers, as it fosters trust in the industry and its products.

Key takeaways from the automated cannabis testing market report:

  • The automated cannabis testing market is expected to grow at a significant CAGR of 11-13% from 2023 to 2033.
  • The growth of the market is attributed to the rising adoption of automation in cannabis testing laboratories and increasing demand for high-quality cannabis-based medical products across the world.
  • North America is expected to remain the dominant market for automated cannabis testing throughout the forecast period.
  • The European market is also expected to witness significant growth during the forecast period.

The automated cannabis testing market is poised for significant growth in the coming years, driven by the increasing demand for high-quality cannabis-based medical products and the growing adoption of automation in cannabis testing laboratories.

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Key Companies Profiled:

  • Medicinal Genomics Corp.
  • PerkinElmer Inc.
  • Agilent Technologies, Inc.
  • Todaro robotics
  • Hamilton Company
  • Quantum Analytics
  • Shimadzu Scientific Instruments

Key Segments Profiled in the Automated Cannabis Testing Industry Survey:

By Product Type:

  • Chromatography Based Analyzer
  • Spectroscopy Based Analyzer

By Application:

  • Pain Management
  • Seizures
  • Sclerosis
  • Others

By End User:

  • Consumers
  • Regulators
  • Laboratories
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Last Updated: 21-Nov-2023