Handheld Marijuana Vaporizer Market Surges to US$ 15.9 Billion by 2031, Propelled by Robust 13.4% CAGR

The global handheld marijuana vaporizer market, valued at US$ 5 billion in 2021, is poised for substantial growth, projected to reach US$ 15.9 billion by the end of 2031. This growth represents a robust compound annual growth rate (CAGR) of 13.4% from 2022 to 2031, according to a recent market outlook report.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73156

𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗙𝗮𝗰𝘁𝗼𝗿𝘀
1. Legalization and Medical Applications: The market is primarily driven by an improved legal framework supporting the medicinal use of marijuana across various countries, including significant approvals in the U.S. and Canada. This legislative support has bolstered the demand for handheld marijuana vaporizers, particularly for medical purposes.

2. Product Innovation: Innovations such as wax pens are expected to fuel market growth. These products offer enhanced convenience and precise dosage control, catering to the evolving preferences of both medical and recreational users.

3. Health Awareness and Convenience: Increasing awareness about the health benefits of vaporizing over smoking is shifting consumer preferences towards vaporizers. They offer benefits such as even heating, better flavor, and ease of use, making them a preferred choice among users.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻
The global handheld marijuana vaporizer market is segmented into convection vaporizers, conduction vaporizers, and hybrid vaporizers. Among these, conduction vaporizers held a significant market share (~85%) in 2021 due to their efficiency in heating marijuana evenly and delivering superior flavor profiles.

𝗖𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲 𝘁𝗼 𝘃𝗶𝗲𝘄 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝗻 𝗳𝘂𝗹𝗹 𝗱𝗲𝘁𝗮𝗶𝗹 - https://www.transparencymarketresearch.com/handheld-marijuana-vaporizer-market.html

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀
North America dominated the market in 2021 and is expected to maintain its leadership through the forecast period. The U.S. market, in particular, is experiencing rapid growth supported by favorable legislative developments in several states, where recreational use of marijuana is gaining acceptance.

Europe is emerging as a promising market, albeit with varying degrees of regulatory acceptance across different countries. Italy, for instance, allows medical marijuana usage with proper prescriptions, reflecting a growing trend towards legalization and market expansion.

𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗮𝗻𝗱 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀
Major players in the handheld marijuana vaporizer market, such as STORZ & BICKEL GmbH & Co., PAX Labs, Inc., and Firefly, are heavily investing in research and development to introduce advanced vaporizer technologies. Strategies like portfolio expansion and mergers & acquisitions are also prevalent to strengthen market foothold.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=73156

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