$24+ Billion Vaporizers Industry Assessment, 2015-2030: Increasing Demand for Medicated Cannabis Vaporizers – PRNewswire

DUBLIN, March 3, 2020 /PRNewswire/ — The „Vaporizers Global Market Report 2020” report has been added to ResearchAndMarkets.com’s offering.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider vaporizers market, and compares it with other markets.

The global vaporizers market was worth $10.53 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 25% and reach $24.9 billion by 2023.

Growing advancements in vaporizers is driving the growth of vaporizers market. Enhanced vaporizers can measure the required amount of anesthetic agent 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.

The anesthetic vaporizers require continuous power supply. The need of constant power supply for the vaporizers will restrain the market in the emerging economies which lack energy infrastructure facilities. For instance, in 2016, as per World Data Bank only 27% of population in Uganda had access to electricity. This lack of energy infrastructure will hinder the growth of vaporizers market.

Medicated cannabis vaporizers have gained increasing demand in the vaporizers market. Cannabis vaporizers have controlling heating technology and offer the possibility of precisely adjusting the temperature of the heater by means of a display on the unit, giving the user full control over the density of the aerosol produced. For instance, Storz & Bickel, a subsidiary of Canopy growth corporation has developed and manufactured vaporizers (Volcano medic and the Mighty medic) as per European Medical Device Directive 93/42/ECC and Standard DIN EN 60601.

In December 2018, Canopy Growth Corporation, a Canada based medical and recreational cannabis company, acquired Storz & Bickel GmbH & Co. KG (S&B) and its related entities for $164.671 million (145 million euros). This acquisition strengthens Canopy Growth Corporation in implementing advanced vaporizing technology. Storz & Bickel GmbH & Co. KG, a German based company, designers and manufacturers of medically approved vaporizers.

Major players in the market are Vicks, Vanker, Grizzly Guru, FGB Natural Products, GE Healthcare, Penlon, Draegerwerk, Rothacher Medical, Allied Medical, Intersurgical.

Key Topics Covered

1. Executive Summary

2. Vaporizers Market Characteristics

3. Vaporizers Market Size and Growth

3.1. Global Vaporizers Historic Market, 2015 – 2019, $ Billion

3.1.1. Drivers of the Market

3.1.2. Restraints on the Market

3.2. Global Vaporizers Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers of the Market

3.2.2. Restraints on the Market

4. Vaporizers Market Segmentation

4.1. Global Vaporizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • E-cigarette Vaporizers
  • Marijuana Vaporizers
  • Medical Vaporizers

4.2. Global Vaporizers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Personal Use
  • Medical Application
  • Others

5. Vaporizers Market Regional And Country Analysis

5.1. Global Vaporizers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Vaporizers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

  • Allied Medical Ltd.
  • Draegerwerk AG & Co. KGaA
  • FGB Natural Products
  • GE Healthcare
  • Grizzly Guru
  • Intersurgical Ltd.
  • Kindwell Medical
  • OES Medical
  • Penlon Ltd.
  • Rothacher Medical GmbH
  • Vanker
  • Vaporizer Sales & Service
  • Vicks

For more information about this report visit https://www.researchandmarkets.com/r/5iuldl

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