FELTON, Calif., May 11, 2021 /PRNewswire/ — The international Handheld Marijuana Vaporizer Market dimension is anticipated to achieve USD 15.77 billion by 2028, registering a CAGR of 6.0% over the forecast interval, in keeping with a brand new report by Million Insights.
What are Key Factors Driving the Handheld Marijuana Vaporizer Market Growth?
The rising consumption of marijuana to remedy neurological and psychological problems is driving the market development globally. It is the most effective anti-depressants out there available in the market. Since the legalization of marijuana, the healthcare business prescribes small dosages of cannabis to deal with numerous psychological problems. In addition, the rising demand for compact and efficient vaporizers is boosting the market development.
The conduction vaporizers phase is anticipated to registe3r the quickest CAGR of 6.2% from 2021 to 2028. Cannabis vaping is taken into account the trendy pattern in cannabis manufacturing, thereby growing the demand for conduction vaporizers. It is considered unhazardous, which supplies a bonus over marijuana smoking. In addition, using conduction vaporizers offers a stronger impact than typical smoking.
North America dominated the worldwide market with a income share of greater than 56% in 2020. The rising demand for the legalization of leisure marijuana has led to market development on this area. Canada has already legalized their leisure use, which can increase the market development. In 2018, Canada legalized the utilization of cannabis for leisure functions. It is the second nation to legalize marijuana. Due to its legalization, close by 330,000 Canadians are listed to take cannabis from licensed producers.
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Various market gamers are specializing in growing the provision and manufacturing of cannabis units for numerous medical functions. For instance, medicinal vape pens are key improvements within the international market. It helps remedy a typical chilly. The healthcare suppliers principally advocate medicinal marijuana vaporizers to sufferers to cut back the well being threat. With medicinal vaporizers, sufferers can reduce the consumption of respiratory irritants, toxins, and carcinogens.
Key Questions Answered In The Handheld Marijuana Vaporizer Market Report:
- Why Growth Rate of Handheld Marijuana Vaporizer Market in Asia Pacific is the Fastest?
Asia Pacific is anticipated to register the quickest development of 6.7% CAGR from 2021 to 2028 owing to the rising consciousness about the advantages of utilizing cannabis for medical functions.
- What Makes the Convection Vaporizer Segment to Register the Second Fastest CAGR by 2028?
The convection vaporizer phase is anticipated to register the second quickest CAGR over the forecast interval owing to the low worth, moveable dimension, and on the spot heating functionality of those units.
- Which Region Dominated the Handheld Marijuana Vaporizer Market Share in 2020?
North America dominated the worldwide market with a share of greater than 56% in 2020 on account of product legalization in nations, such because the U.S. and Canada.
- Why the Offline Distribution Channel of the Handheld Marijuana Vaporizer Holds the Largest Market Share in 2020?
The offline distribution channel held the most important market share in 2020 and accounted for greater than 50% of the full income because of the straightforward availability of the product by means of these distribution channels.
Browse 85 web page analysis report with TOC on “Global Handheld Marijuana Vaporizer Market” at: https://www.millioninsights.com/industry-reports/global-handheld-marijuana-vaporizer-market
Million Insights has segmented the worldwide handheld marijuana vaporizer market on the idea of product, charger sort, temperature management, distribution channel, and area:
- Handheld Marijuana Vaporizer Product Outlook (Revenue, USD Million, 2017 – 2028)
- Handheld Marijuana Vaporizer Charger Type Outlook (Revenue, USD Million, 2017 – 2028)
- Handheld Marijuana Vaporizer Temperature Control Outlook (Revenue, USD Million, 2017 – 2028)
- Handheld Marijuana Vaporizer Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
- Handheld Marijuana Vaporizer Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
- South Africa
- List of Key Players of Handheld Marijuana Vaporizer Market
- Storz & Bickel GmbH & Co.
- Ghost Herbal Concepts Ltd.
- PAX Labs, Inc.
- Planet of the Vapes
- Boundless CF/CFX
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SOURCE Million Insights