Handheld Marijuana Medical Vaporizers Market Segmented By Desktop Marijuana Medical Vaporizers, Portable Marijuana Medical Vaporizers Product with USB-charged Handheld Marijuana Medical Vaporizers, Micro USB-charged Handheld Marijuana Medical Vaporizers charger type
Industry: Consumer Goods
Published Date: January-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 300
Report ID: PMRREP32415
The global Handheld Marijuana Medical Vaporizers Market is projected to expand at ~20.4% CAGR and reach ~US$ 34,942.8 Mn by the end of 2033, up from its current market size of ~US$ 4,496 Mn.
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Global Handheld Marijuana Medical Vaporizers Market Size (2022A) |
US$ 4,496 Mn |
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Global Handheld Marijuana Medical Vaporizers Market Size (2023E) |
US$ 5,458.7 Mn |
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Projected Sales of Handheld Marijuana Medical Vaporizers Market (2033F) |
US$ 34,942.8 Mn |
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Value CAGR (2023 to 2033) |
~20.4% |
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Collective Value Share: Top 3 Countries (2022) |
~58% |
Due to their portability, affordability, quick heating capabilities, and other features, conduction vaporizers are more popular in the market for portable marijuana vaporizers than convection vapers. The heat generated during vaporisation may be more precisely controlled with conduction vaporizers.
Compared to convection vaporizers, conduction vaporizers require less upkeep. In addition, consumers experience a stronger high than with convection vaporizers. All of these elements propel conduction vaporizers, which in 2021 accounted for more than 80% of the market for handheld marijuana vaporizers.
The need for portable marijuana medical vaporizers is also being driven by the legalisation of marijuana in the health industry and people using it sparingly to treat their medical conditions. Additionally, the use of cell phones to regulate cannabis temperature is fuelling the expansion of the global market. Furthermore, the need to get rid of hectic and demanding lifestyles, particularly from millennials, is driving up demand for handcrafted marijuana vaporizers.
Due to its growing use in the treatment of neurological disorders, the market for portable medical marijuana vaporizers is seeing tremendous growth, and it is anticipated that this growth will continue in the years to come. Other factors that are influencing the demand for portable marijuana medical vaporizers include growing public awareness of the advantages of using a vaporizers over smoking for health reasons, the legalisation of marijuana in some countries, and expanding use of electronic smoking. The global handheld marijuana medical Vaporizers Market is anticipated to grow at a CAGR of 20.4% during the forecast period.
Strategic alliances are developing in the market for medicinal marijuana vaporizers for mobile as a result of the rising demand. Major players in the market for portable medical marijuana vaporizers buy pharmaceutical firms to make it simpler to import THCF and CBD concentrates for the production of cannabis oil, which can be a useful resource in a variety of therapeutic applications. In order to produce, store, and distribute cannabis products in the hand-held marijuana market, market participants can do so cheaply and simply by getting licences through pharmaceutical businesses. For instance, market participants are seeking through product innovation for various medical applications to raise the demand and production of cannabis goods.
To experience the best taste, people are seeking more temperature-controlled vaporizers. If the temperature is too high, it may produce a burnt taste, and if it is too low, it may provide weak hits with little flavour. Additionally, because concentrates, oils, and dry herbs are expensive, they must be used effectively.
In addition, a digital temperature control option enables automatic temperature setting in accordance with user wants and requirements. The temperature regulated vaporizers's premium quality, which enables users to track the temperature, the dosage, and other cutting-edge monitoring features, appeals to the user and has drawn a sizable crowd in recent years. As a result, users are increasingly turning to temperature-controlled vaporizers.
The market for marijuana vaporizers is expanding as a result of reasons including changing lifestyles, an increase in social interaction, and altered spending patterns on leisure activities. The demand for marijuana vaporizers among users has grown as a result of an increase in social meetings and peer parties.
The desire of the millennial generation to spend more money on leisure activities is a developing trend. Another element encouraging this generation to engage in leisure activities is social media influence. Marijuana has the potential to be extremely beneficial for those who have mental disabilities, and since it has been legalised, it has received the status of a medicine and is experiencing a spending boom.
In the market, manufacturers are offering a variety of vaporizers, including session vaporizers and hybrid vaporizers. The length of vapours can be customised by using session vaporizers, which continually heat the herb for a certain session. There are also on-demand vaporizers that only heat up when the user inhales. A growth in vaporizers demand has led manufacturers to offer a variety of flavouring ingredients and fixed temperatures.
One of the most obvious methods by which businesses adapt to their environments and outperform rival businesses on the market is through product innovation. Organizations expand into new markets, introduce new technology, and generate new products as a result, reorganising their product range.
What Are The Reasons Behind Canada Being The Dominant Player In The Handheld Marijuana Medical Vaporizers Market?
The size of the legal marijuana market in Canada was estimated at USD 274.7 million in 2022, and from 2023 to 2033, it is anticipated to expand at a CAGR of 19.6%. One of the main factors propelling the market is the increasing acceptance and use of legal marijuana for the treatment of neurological conditions including depression, anxiety, and epilepsy as well as chronic diseases like cancer, arthritis, and Alzheimer's. Additionally anticipated to drive market expansion is the increasing legalisation of medical cannabis in the area, which aims to reduce the illegal market and give patients easier access. Additionally, tax collection from the government is seen as a chance for the area to increase its revenue.
What are the Opportunities in the US market?
In terms of market growth, the United States is projected to lead the world in the future years. Due to government clearances, this is mostly attributable to high product acceptance and utilisation. As of 2018, 30 states as well as the territories of Puerto Rico, Guam, and the District of Columbia have legalised marijuana use. The first state to allow the use of marijuana for medicinal purposes was California. Due to the huge demand among patients, later approval of marijuana usage for medical purposes spread to additional states.
More than half of American people currently support the usage of marijuana for medical purposes. Only 30% of people supported legalisation ten years ago, while more than 60.0% opposed its use. Therefore, growing support from Americans for using medical cannabis will fuel market expansion during the projection period. Expanding R&D spending is projected to increase the number of applications in the medical industry. As a result, U.S. held the highest share of about 55% of the global market in 2022.
How Legalization of Marijuana is Creating Jobs and Opportunities in Germany?
During the projection year, Germany is expected to dominate the European market. With the use of cannabis being legal throughout Germany, the drug is gaining popularity. It is anticipated that the legalisation of marijuana in the Europe region will create jobs and possibilities for the nation. The demand for marijuana fields has increased as a result of its legalisation; cultivators and producers are now concentrating more on making marijuana products for the German market.
Germany imposed strict rules on the use of cannabis products in 2017. By the end of 2019, there were 60,000 more patients using medical cannabis products than there were at the beginning of the year, which raised demand for portable medical marijuana vaporizers. While Germany held a share of about 2.2% of the global market in 2022.
What are the Different Market Potential for Portable Medicinal Marijuana Vaporizers in the U.K?
The U.K is next after Germany, and the market is anticipated to increase rapidly over the forecast years with the highest CAGR of about 24.4%. The U.K has emerged in recent years as the leading producer and manufacturer of products and applications containing legal marijuana. Leading businesses are releasing cutting-edge products on the market, which is boosting demand in the U.K market.
Which Product Type is Majorly Preferred?
During the forecast year, portable product will increase more rapidly than desktop product categories. The market is expected to develop as more people adopt technologically advanced smart gadgets due to its portability, affordability, quick charging, and long battery life. The rapid adoption of portable vaporizers in hospitals and other healthcare settings is also related to growing understanding of the advantages of portable equipment, such as improved mobility. Additionally, the portable segment held the major revenue share around 86.6% of the global market.
Which Sales Channel will be the Most Lucrative in Future?
In the post pandemic era, the trend of online shopping has gained tremendous momentum. People are increasingly opting for online modes of shopping owing to their convenience. Due to the wide range of products available on online platforms for comparison of pricing, product design, and features, secured payment or transaction, and door-to-door delivery, online platforms will be the most lucrative mode of sales for handheld marijuana vaporizers throughout the forecast.
Additionally, the return or exchange policy on internet marketplaces encourages customers to make more online purchases of portable marijuana vaporizers. As a result, the online retailers segment is expected to grow at a CAGR of 17.5% during the forecast period.
Which Type of End-Users Dominate the Market?
With a revenue share of 60.4% in 2022, the individual segment led the market, and from 2023 to 2033, it is anticipated to have significant growth. The demand for legal marijuana is mostly driven by the legalisation of cannabis for adult usage. In nations like Canada and the United States, where cannabis for adult use has been legalised, the sector has witnessed a dynamic shift as patients choose to consume marijuana for recreational purposes rather than for therapeutic purposes. This may be a result of its affordable costs and quick accessibility. In countries where medical marijuana is not reimbursed, this change in trend is particularly noticeable.
Details about each competitor are included in the competitive landscape for portable marijuana vaporizers. The company's financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details that are included. The information presented above only relates to the companies market focus on portable marijuana vaporizers.
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2017-2022 |
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Market Analysis |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Customization & Pricing |
Available upon Request |
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The global Handheld Marijuana Medical Vaporizers Market reached a valuation of US$ 5,458.7 Mn at the end of 2023.
Between 2017 and 2022, global sales of Handheld Marijuana Medical Vaporizers increased at 17.1% CAGR.
North America leads the global market and accounted for highest share in 2022.
Some of the leading manufacturers of Handheld Marijuana Medical Vaporizers are Da Buddha Vaporizers, Vapir Rise Vaporizers, Storz & Bickel GmbH & Co. KG, DAVINCI, Tera, Hound Labs, Inc., Syqe Medical, Resolve Digital Health, Lobo Genetics, Wisp, tCheck, Leaf, Puffco, Kassi Labs Inc. among others.
The global market for Handheld Marijuana Medical Vaporizers is expected to expand at 20.4% CAGR through 2033.
