Cannabis use is far from being a new thing, with humans having consumed cannabis for many centuries. What is relatively new is how humans consume cannabis, with consumption methods having evolved considerably in recent years.

Consumers and patients in legal jurisdictions have more options than ever before when it comes to cannabis products, and for inhaled consumption methods, cannabis vaporizer devices and gadgets are particularly popular, as evidenced by a recent market analysis.

“The cannabis vaporizer market size was valued at USD 5.06 billion in 2023 and is expected to reach USD 17.11 billion by 2032 and grow at a CAGR of 14.53% over 2024-2032.” states SNS Insider about the emerging cannabis vaporizer sector.

Cannabis vaporizers come in several forms, with many companies offering handheld vaporizers and desktop vaporizers. The devices and gadgets are capable of vaporizing cannabis flower, cannabis concentrates, and in some cases, both forms of cannabis.

Such devices range in size from being small enough to fit into a person’s pocket, all the way to statement pieces that are fairly large and designed to sit on a desk or table, or to be transported in a dedicated carrying case. Many devices on the market are ‘smart devices’ and can be paired with a phone or tablet to enhance functionality and the user experience.

The market analysis by SNS Insider also determined the following about the global cannabis vaporizer sector:

• Portable cannabis vaporizers captured the largest share of 69.6% in 2023
• Dry herb vaporizers accounted for 44.8% of the total cannabis vape market in 2023
• Hybrid vaporizers are expected to grow at the fastest CAGR from 2024 to 2032
• Conduction vaporizers captured the highest market share accounting for 43.2% of the cannabis vape market in 2023
• Battery-powered vaporizers was the leading segment in the global cannabis vaporizers market, capturing 64.7% of the market in 2023
• Online sales channels accounted for the highest share of the cannabis vape market at 56.4%
• North America generated the most revenue in 2023, accounting for 37.2% of global volume allocations
• Asia Pacific is anticipated to account for the highest CAGR from 2024 to 2032

“The increasing legalization and acceptance of cannabis products worldwide is a major factor driving the global cannabis vape market. With more areas legalizing cannabis for both medical and recreational purposes, consumer desire for discrete and practical ingestion techniques, such as vaping is rising.” SNS Insider stated.

“Additionally, the growing number of health-conscious consumers opting for smokeless alternatives to traditional cannabis use is encouraging the use of vaporizers. Better flavor and efficiency can be achieved by ongoing innovation in heating techniques like convection and induction, which will enhance consumer satisfaction and spur market expansion.” the analysts added.