Handheld Marijuana Vaporizer Market Measurement to Hit USD 15.9 billion by 2031, Projected a 13.4% CAGR – Report by Transparency Market Analysis, Inc.

Over the course of the forecast interval, the worldwide demand for handheld marijuana medical vaporizers is anticipated to be pushed by enhancements within the authorized framework that permit the therapeutic software of marijuana.

Wilmington, Delaware, United States, March 18, 2024 (GLOBE NEWSWIRE) — Transparency Market Analysis Inc. –The worldwide handheld marijuana vaporizer market was projected to realize US$ 5 billion in 2021. It’s anticipated to garner a 13.4% CAGR from 2022 to 2031 and by 2031, the market is prone to attain US$ 15.9 billion by 2031.

The marijuana vaporizer is used for medicinal functions. Tetrahydrocannabinol, or THC, is an ingredient in marijuana that’s used to assist individuals really feel much less discomfort. A vaporizer is a battery-operated gadget used to warmth hashish and focus. These devices typically include a mouthpiece, an oven, and a battery.

Since they warmth hashish to pure cannabinol (CBN), vaporizers are fairly widespread since they launch tetrahydrocannabinol (THC) with out burning the plant. This fuels the worldwide want for handheld marijuana medical vaporizers.

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World Handheld Marijuana Vaporizer Market: Key Gamers
Key gamers are investing a lot in analysis and growth of the best hashish vaporizers to be able to improve their handheld marijuana vaporizer market share. A few the primary techniques utilized by market contributors embody product portfolio enlargement and mergers and acquisitions.

The next firms are well-known contributors within the world handheld marijuana vaporizer market:

Key Findings of the Market Report

• Moveable vapes are considerably extra unobtrusive when used and carried, therefore propelling the hand held mariuana vaporizer market.

• Usually, the vapor they launch is just not as noticeable or odorous as joint or pipe smoke.

• Because of the small type, the storage and journey of those gadgets are additionally made easy.

• A popular and moveable vaporizer is the vape pen.

• Until they’re disposable, nearly all of pens have to be charged typically. Nevertheless, sure pens, just like the Pax 3 or Firefly 2, can vape each flower and concentrates (oils and waxes).

Market Developments for Handheld Marijuana Vaporizers

• Convection, conduction, and hybrid vaporizers are the three product classes within the world market for handheld marijuana vaporizers. With the intention to dissipate issues safely at a distance, convection vaporizers want pushed air to generate warmth. They aren’t depending on stepping into contact with the substance instantly. Scorching air crystallizes the substance earlier than it reaches the purpose of combustion.

• In 2021, the hand held marijuana vape market was dominated by conduction vaporizers, accounting for round 85% of the market. Hashish is evenly heated in conduction vaporizers, which enhance taste and regulate temperature to maintain the plant from burning. Sufferers discover conduction vaporizers to be fairly cheap and easy to make use of. As well as, they warmth crops way more shortly than convection vaporizers.

Story continues

World Marketplace for Handheld Marijuana Vaporizer: Regional Outlook

• In 2021, the marketplace for handheld marijuana vaporizer was dominated by North America. Over the course of the projected interval, the area is anticipated to proceed to dominate.

• Because of the nation’s favorable legal guidelines permitting using hashish vaporizers, the trade in the USA is predicted to develop dramatically. This market is closely influenced by regional politics along with consumption. Twelve states in the USA had legalized hashish for leisure use as of 2022. There’s a rising motion in different components within the nation to legalize hashish as properly.

• The trade for hashish vaporizers is increasing all through Europe. The medical use of marijuana continues to be up for debate in just a few of the international locations within the area. The federal government permits using hashish as a substitute medicinal remedy with a legitimate prescription. Italy produces and grows hashish merchandise, and it doesn’t impose any restrictions on the sale of medicinal marijuana.

Key developments by the gamers on this market are:

• The U.S.-based hashish know-how enterprise Firefly launched Firefly 2 Plus, an app-enabled vape, in April 2019.

• Boundless Expertise LLC unveiled CFC Lite, a brand new CFC product line, in January 2019. The system has three pre-programmed temperature settings, haptic suggestions, and a removable battery.

• In 2023, STORZ & BICKEL GmbH introduced the upcoming introduction of the VENTY, an progressive moveable vaporizer for dry herbs. Trendy heating administration and cooling applied sciences, along with a newly designed convection and conduction heater, enhance style to supply distinctive vapor high quality whereas on the go.

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World Handheld Marijuana Vaporizer Market Segmentation 
Product Kind

• Convection Vaporizers

• Conduction Vaporizers

• Hybrid Vaporizers

Charger

Temperature Management

Battery Kind

• Replaceable

• Non-replaceable

Materials Compatibility

Utilization

• Medical Functions

• Leisure Functions

Worth Vary

Distribution Channel

Area

• North America

• Latin America

• Europe

• Asia Pacific

• Center East & Africa

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