Categories: Industry

Vaporizers Market Report 2024: Size, Share, Trends, Growth Drivers, Forecast to 2033

Overview and Scope

The vaporizer is defined as a device that is used to vaporize plant-based substances such as cannabis, tobacco, or other herbs or blends of essential oil for inhalation.

Sizing and Forecast

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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Segmentation & Regional Insights

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

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.

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Major Driver Impacting Market Growth

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.

Key Industry 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

The vaporizers market report table of contents includes:

1. Executive Summary
2. Vaporizers Market Characteristics
3. Vaporizers Market Trends And Strategies
4. Vaporizers Market – Macro Economic Scenario
5. Global Vaporizers Market Size and Growth
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32. Global Vaporizers Market Competitive Benchmarking
33. Global Vaporizers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Vaporizers Market
35. Vaporizers Market Future Outlook and Potential Analysis
36. Appendix