According to FMI analysis, the variation between the BPS values observed in the handheld marijuana vaporizers market in H1, 2022
The global handheld marijuana vaporizers market is likely to record a value of US$ 11 Billion in 2022.
The increasing use of marijuana for medical purposes is driving the demand for laboratory testing services.
The marijuana plant contains chemicals (cannabinoids) which helps to treat a range of illness such as HIV/AIDS, multiple sclerosis (MS) etc. Legalization of marijuana for medical usage by governments is further anticipated to boost the handheld marijuana vaporizers market.
Furthermore, shifting trend towards the usage of vaporizers has increased the demand for handheld marijuana vaporizers. Handheld marijuana vaporizers are surging in popularity owing to its portable nature, discrete method of consumption, and convenience. In 2019, worldwide sales of handheld marijuana vaporizers, mostly contributed by conduction vaporizers saw an upswing, as compared to convection vaporizers.
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Stringent Government Regulations across Regions to Impede Handheld Marijuana Vaporizers Market
Strict rules and regulations related to portable marijuana usage in various countries is anticipated to be a restraining factor for the growth of the handheld marijuana vaporizers market. According to the American Civil Liberties Union, marijuana arrests account for more than half of all drug arrests in the United States.
This restrains the growth of the handheld marijuana vaporizers market, particularly in the Middle East and some parts of Asia Pacific where it is banned. Besides, availability of low cost substitutes is also expected to impact the growth of the market during the forecast period.
Key Takeaways of Global Handheld Marijuana Vaporizers Market
Who is Winning
The report highlights some prominent players in the global handheld marijuana vaporizers market are Davinci Vaporizers, PAX Labs Inc., etc. Companies are investing in R&D to come up with innovative products in handheld marijuana vaporizers category. For instance,
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Handheld Marijuana Vaporizers Market Taxonomy
The global handheld marijuana vaporizers market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.
By Product
By Charger
By Temperature Control
By Sales Channel
By Region
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Apr 14, 2023