Global Cannabis Inhalers Market Analysis & Trends - Industry Forecast to 2030
Cannabis Inhalers: Market Size
The global Cannabis Inhalers market is projected to grow at a CAGR of 11.4% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include the high bioavailability of cannabis, legalization of cannabis in various countries across the globe, and increasing research and development activities.
Global Cannabis Inhalers Market: Market Dynamics Increasing government initiatives to encourage safe usage and consumption of the product, availability of synthetic cannabinoids as prescription medicine, and rising use of cannabis to treat diseases and conditions are the factors driving the market growth.
On the other hand, the lack of data on the long-term safety of medical cannabis is likely to obstruct the profit boundaries. In addition, changing regulatory outlook will further boost the Cannabis Inhalers market.
Impact of COVID-19 on Cannabis Inhalers There are many fake or unproven medical products and methods that claim to diagnose, prevent or cure COVID-19. Fake medicines sold for COVID-19 may not contain the ingredients they claim to contain, and may even contain harmful ingredients. In March 2020, the World Health Organization (WHO) released a statement recommending against taking any medicines in an attempt to treat or cure COVID-19, although research on potential treatment was underway, including the Solidarity trial spearheaded by the World Health Organization (WHO). The WHO requested member countries to immediately notify them if any fake medicines or other falsified products were discovered. There are also many claims that existing products help against COVID-19, which are spread through rumors online rather than conventional advertising.
By Application
Asthma Segment Dominate the Market in 2024 The asthma segment made huge revenue in 2024 during the forecast period. Asthma is a potentially dangerous lung disease that can narrow and inflame airways. It can result in wheezing, tightness in the chest, and shortness of breath. Bronchodilators can relax the muscle bands that tighten around the airways, thus relieving some asthma symptoms.
By Geography
North America Region is Leading in the Global Market Place North America region is likely to have a huge demand in the forecast period. Cannabis is legally banned due to residual effects like an addiction if not monitored properly. Federal law says that cannabis is still illegal for sale and use in the US. However, on the state level, 36 US states have legalized cannabis for medicinal and recreational purposes under controlled regulations and the environment. This is a crucial build-out in attaining legal status for cannabis and will boost the American cannabis inhalers market at the forefront.
List of the Key Players Profiled in the Market Include: • CBD Luxe • Fairwinds Cannabis • H&T Presspart Manufacturing Ltd. • Koi CBD • Monarch Life Sciences LLC • MUV • Syqe Medical Ltd • Vapen Brands • Vectura Group plc
List of the Regions/Countries Profiled in the Market Include: North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Application Analysis
1.6 End User Analysis
1.7 Strategic Benchmarking
1.8 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 The High Bioavailability of Cannabis
4.1.2 Legalization of Cannabis in Various Countries across the Globe
4.1.3 Increasing Research and Development Activities