Handheld Marijuana Vaporizer Market Size To Reach $15.77 Billion By 2028 Owing To Its Benefits In The Treatment Of Neurological And Mental Disorders

FELTON, Calif., May 11, 2021 / PRNewswire / – According to a new report from Million Insights, the global hand-held marijuana vaporizer market size is projected to reach $ 15.77 billion by 2028, with a CAGR of 6.0% over the forecast period.

What are the key factors driving the hand-held marijuana vaporizer market growth?

The increasing use of marijuana to cure neurological and mental disorders is driving global market growth. It’s the best antidepressant on the market. Since marijuana was legalized, the healthcare industry has been prescribing small doses of cannabis for the treatment of various mental disorders. In addition, the increasing demand for compact and effective vaporizers is fueling market growth.

The line vaporizer segment is expected to have the fastest CAGR of 6.2% from 2021 to 2028. Cannabis vaping is seen as a modern trend in cannabis production, which is increasing the demand for in-line vaporizers. It is considered non-toxic, which gives it an advantage over smoking marijuana. In addition, the use of line vaporizers provides a stronger effect than traditional smoking.

North America dominated the global market with a sales share of more than 56% in 2020. The increasing demand for the legalization of recreational marijuana has led to market growth in this region. Canada has already legalized its recreational use, which will fuel market growth. In 2018 Canada legalized the use of recreational cannabis. It is the second country to legalize marijuana. Due to its legalization, 330,000 Canadians are listed nearby to use cannabis from licensed manufacturers.

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Different players in the market are focused on increasing the supply and production of cannabis devices for various medical purposes. For example, medical vape pens are key innovations in the world market. It helps heal a cold. Health care providers mostly recommend medical marijuana vaporizers to patients to reduce the health risk. Medical vaporizers allow patients to minimize the ingestion of irritants, toxins and carcinogens from the respiratory tract.

Key Questions Answered In The Hand-Held Marijuana Vaporizer Market Report:

Why is the hand-held marijuana vaporizer market growing the fastest in Asia Pacific?

The Asia-Pacific region is projected to see the fastest growth of 6.7% CAGR from 2021 to 2028 as awareness of the benefits of using cannabis for medicinal purposes grows.

What is driving the convection vaporizer segment to register the second fastest CAGR by 2028?

Because of the low price, portable size, and instant heating capability of these devices, the convection vaporizer segment is expected to see the second fastest CAGR over the forecast period.

Which region dominated the handheld marijuana market share in 2020?

North America dominated the global market with a share of more than 56% in 2020 due to the legalization of products in countries like the USA and Canada.

Why is the handheld marijuana vaporizer offline sales channel holding the largest market share in 2020?

The offline sales channel had the largest market share in 2020 and accounted for more than 50% of total sales due to the easy availability of the product through these sales channels.

Search the 85-page TOC research report on the Global Handheld Marijuana Vaporizer Market at: https://www.millioninsights.com/industry-reports/global-handheld-marijuana-vaporizer-market

Million Insights segmented the global handheld marijuana vaporizer market by product, charger type, temperature control, distribution channel, and region:

Handheld Marijuana Vaporizer Product Outlook (Sales, $ Mn, 2017-2028) Handheld Marijuana Vaporizer Charger Type Outlook (Sales, $ Mn, 2017-2028) Temperature Control Outlook for Handheld Marijuana Vaporizers (Sales , MILLION USD, 2017-2028) Handheld Marijuana Vaporizer Channel Outlook (Revenue, MILLION USD, 2017-2028) Regional Outlook for Handheld Marijuana Vaporizer (Revenue: MILLION US $, 2017-2028) North America Europe Asia Asia-Pacific Central and South America Brazil Middle East and Africa South Africa Key Players in Handheld Marijuana Vaporizer Market Storz & Bickel GmbH & Co. Arizer Ghost Herbal Concepts Ltd.

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