What is Marijuana Vaporizer?
Marijuana vaporizer heating cannabis to a temperature where intensely active cannabinoid vapors are produced, but below the point of combustion where noxious pyrolytic byproducts are made. The evaporated cannabis does not turn to ash, but holds its original shape. After vaporization, the resin has evaporated and trichomes have withered, while the underlying vegetative matter remains intact. Marijuana vaporized refers to using e-cigarettes use with a THC solution.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Aphria (Canada), Etain (United States), Vapospy (Estonia), Innokin Technology (China), Pax Lab Inc. (United States) and STORZ & BICKEL (Germany) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Chargeable, Battery and Digital) , by application (Personal Use, Medical Application and Others) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Marijuana Vaporizer market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Aphria (Canada), Etain (United States), Vapospy (Estonia), Innokin Technology (China), Pax Lab Inc. (United States) and STORZ & BICKEL (Germany).
Market Overview:
In January 2019, Cannabis technology company TILT Holdings on has acquire Jupiter Research, a vaporizer-maker. The acquisition allows TILT to go after a new category and one that represents exponential growth.
California Department of Public Health: Cannabis packing that was compliant under the state’s emergency rules but isn’t compliant under permanent regulations must be shipped to a licensed distributor by June 30 and retailers must sell these noncompliant products by Dec. 31.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Influencing Trend:
The Harmful Effects of Smoking
Market Growth Drivers:
Increasing Use of Marijuana for Medical Use and Increasing Disease Burden of Chronic Pain
Challenges:
Strict Rules and Regulations Regarding the Product Sale and Cultivation and Only For Dry Herb, Does Not Vape Concentrates
Restraints:
Excess Consumption Effect the Brain and High Cost of Marijuana Vaporizer
Opportunities:
Various countries such as Israel, United Kingdom are Focusing on Research and Technology Development
Key highlights of the Global Marijuana Vaporizer market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Marijuana Vaporizer market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Marijuana Vaporizer market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Marijuana Vaporizer Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Marijuana Vaporizer market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Marijuana Vaporizer market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Marijuana Vaporizers, Suppliers of Marijuana Vaporizers, Wholesalers, Distributors and Retailers of Marijuana Vaporizers, Research Organization, Regulatory Bodies and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.