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Vaporizers Global Market Report 2024 - By Growth, Share, Size, Demand, Forecast To 2033
Vaporizers Market
Vaporizers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $70.55 billion In 2028 At A CAGR Of 26.0% :
The vaporizers market size has grown exponentially in recent years. It will grow from $21.92 billion in 2023 to $27.97 billion in 2024 at a compound annual growth rate (CAGR) of 27.6%. The growth in the historic period can be attributed to shift in consumer preferences, health and wellness trends, regulatory changes favoring vaping, increasing social acceptance, product innovation and design.
The vaporizers market size is expected to see exponential growth in the next few years. It will grow to $70.55 billion in 2028 at a compound annual growth rate (CAGR) of 26.0%. The growth in the forecast period can be attributed to rise in cannabis* legalization, growing e-cigarette usage, expansion of vape culture, focus on sustainable and eco-friendly products, health consciousness and harm reduction. Major trends in the forecast period include disposable vaporizer pens, innovation in materials and design, customization and personalization, strict regulatory compliance, eco-friendly practices.
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Vaporizers Market Major Segments
The vaporizers market covered in this report is segmented -
1) By Type: E-cigarette Vaporizers, Marijuana Vaporizers, Medical Vaporizers
2) By Application: Personal Use, Medical Application, Other Applications
3) By Distribution Channel: Online, Retail
Key Driver - Advancements In Vaporizer Technology Fueling Growth In The Vaporizers Market
Growing advancements in vaporizers are driving the growth of the vaporizers market. Enhanced vaporizers can measure the required amount of anesthetic agents and can self-regulate the supply of anesthetic agents. For instance, GE Healthcare, a leading global medical technology, and life sciences company offers Aladdin Cassette, an electronic vaporizer that can measure the dose of anesthetic agents and store the information.
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Prominent Trend - Growing Demand For Medicated Cannabis* Vaporizers With Precise Temperature Control In The Vaporizers Market
Medicated cannabis* vaporizers have gained increasing demand in the vaporizers market. Cannabis* vaporizers have controlling heating technology and offer the possibility of precisely adjusting the temperature of the heater using a display on the unit, giving the user full control over the density of the aerosol produced. For instance, Storz & Bickel, a subsidiary of Canopy growth corporation has developed and manufactured vaporizers (Volcano medic and the Mighty medic) as per European Medical Device Directive 93/42/ECC and Standard DIN EN 60601.
Vaporizers Market Players
Major companies operating in the vaporizers market report are Procter & Gamble. Company, GE Healthcare Technologies Inc, Atmos Nation LLC, Draegerwerk AG & Co. KGaA, Rothacher Medical GmbH, HANU LABS INC, Intersurgical Ltd., PAX Labs Inc, Boundless Technology, Ghost Vapes CO LIMITED., Felton Grimwade & Bosisto's Pty Ltd., Puffco Corporation, Allied Medical Ltd, Penlon Ltd, Storz & Bickel GmbH & Co. KG, Firefly Vapor, Elev8 Cannabis* Athol, Grenco Science Inc, Organicix LLC, Linx Vapor, DynaVap LLC, DynaVap LLC, Dr. Dabber Inc., Fyron, Kindwell Medical, OES Medical, Vapium Inc, KandyPens Inc, Vanker OÜ, Vaporizer Sales & Service, Arizer, Magic-Flight Launch Box, Utillian, Haze Technologies, Cloudious9 Inc., AirVape, C/O The Kind Group LLC, VAPE SOURCE (MCR) LTD., Healthy Rips, Ditanium Vapor
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the vaporizers market in 2023. The regions covered in the vaporizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vaporizers Market Report Structure
3. Vaporizers Market Trends And Strategies
4. Vaporizers Market - Macro Economic Scenario
5. Vaporizers Market Size And Growth
…..
27. Vaporizers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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