Handheld Marijuana Medical Vaporizer Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2031

The sales of handheld marijuana medical vaporizers are expected to top US$ 26 Bn in 2031. According to the report by Persistence Market Research, the market is estimated to register an impressive CAGR of close to 22% by the forecast period of 2031.

Vaporizing using electronic devices and conventional smoking are the two methods of marijuana consumption. Portability, flexibility, and temperature control features have led to the shift of consumers toward handheld vaporizers from conventional methods, which has boosted demand for handheld marijuana medical vaporizers. Vaping devices as well as e-cigarettes are prominent devices that are preferred by a large part of the population, especially by the younger generation, which is significantly aiding market expansion.

Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/32415

Prominent players are now diversifying into other profitable segments; metered medical vaporizers being a classic example. Companies in the vaporizer industry are diversifying their portfolios and focusing on high-end products, along with profitable categories with rising demand. Demand for portable products is at an all-time high, especially because the millennial population.

Demand for metered vaporizers from European countries is visibly increasing, and the main factors paving way for this demand are growing consumer awareness of metered dosages coupled with initiatives by vaporizers manufacturers to replace non-metered with metered variants.

Key Takeaways from Market Study

The handheld marijuana medical vaporizer market is projected to expand 8.5X in value over the next ten years.
The market is considerably fragmented, resulting in moderate bargaining power for customers, due to a large number of players in the market. Key market players are involved in marking their presence through partnerships with leading global players.
Persistence Market Research identifies North America as the largest market for handheld marijuana medical vaporizers, with a share of more than half of the global market, followed by Europe.
Portable vaporizers is the dominating category in the global handheld marijuana medical vaporizer market. Desktop is, however, anticipated to experience higher demand growth over the forecast period.
Non-metered handheld marijuana medical vaporizers dominate the market, mainly because of their affordable cost.
Sales of handheld marijuana medical vaporizers across the U.S. are slated to expand, in value, at a CAGR of close to 24% from 2021 to 2031, while that in the U.K at over 24%.

 Buy Now @ https://www.persistencemarketresearch.com/checkout/32415

"Apart from medicinal usage, vaporizers are also being allowed for recreational purposes in some countries. Canada has legalised the consumption of recreational marijuana, and such measures are aiding market expansion," says an analyst at Persistence Market Research.

COVID-19 Impact on Market

The COVID-19 pandemic saw an evident shift toward increased manufacturing of vaporizers. Companies restructured their production capacity for each category, according to demand-side trends. However, exports were restricted fearing the spread of infection, and hence, vaporizer manufacturers experienced a setback in their overseas business. Import of raw materials was also affected owing to varying country policies, challenging the manufacture of vaporizers.

Key Market Players

The report underlines groundbreaking insights into the competitive scenario of the handheld marijuana medical vaporizer market, along with highlights of differential strategies used by manufacturers. Some of the key players identified across the value chain include

Herbalizer Vaporizer
Da Buddha Vaporizer
Vapir Rise Vaporizer
Storz & Bickel GmbH & Co. KG
DAVINCI
Tera
Hound Labs, Inc.
Syqe Medical
Resolve Digital Health
Lobo Genetics
Wisp
tCheck
Leaf
Puffco
Kassi Labs Inc.
Ardent
ARIZER
Arizer Company
PAX Labs, Inc.
Other Prominent Players (as per request)

Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/32415

Key Segments Covered

Product Type
Charger Type
Feature
End Use
Sales Channel
Region

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.