Cannabis Vaporizer Market Size

Cannabis Vaporizer Market size was valued at USD 5.7 billion in 2024 and is predicted to reach USD 38.6 billion by the end of 2037, expanding at around 14.6% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of cannabis vaporizer is assessed at USD 6.5 billion.

The market’s remarkable growth can be attributed to increasing consumer demand for convenient cannabis consumption methods. Cannabis vaporizers reduce byproducts associated with conventional smoking, positioning their adoption amongst health-conscious consumers. For instance, in August 2021, the Canadian Journal of Public Health recommended the use of cannabis vaporizers as an alternative to smoking to reduce health risks.

A major driver of the market is the legalization of cannabis for medicinal and recreational purposes. The surging profitable expansion of the cannabis market drives demand for cannabis vaporizers as consumers seek the diverse vaporizer product ranges as convenient ways to consumer cannabis. As more countries legalize cannabis, the consumer base is expected to expand benefiting the sector. For instance, in July 2023, Albania legalized the use of medical cannabis. Furthermore, advancements in vaporizer technology led to enhanced temperature control and portability encouraging increased adoption among consumers. For instance, in October 2024, Puffco launched the Puffco Pivot, a portable and pocket-sized cannabis vaporizer designed to be discreet.

The cannabis vaporizer market size is poised for further expansion owing to the increasing adoption of cannabis for therapeutic applications, such as sleep disorders or pain management. As various research indicates vaporizers are a safer and more efficient cannabis delivery method, the adoption rate within the medical cannabis sector is high. Key players in the industry invest in customizable high-quality vaporizers tailored to specific cannabis strains to leverage a premium segment within the market. E-commerce platforms have improved distribution networks of cannabis vaporizers, making the products easily accessible and boosting the profit margins for key players in the sector. Additionally, the market is set to leverage the rising trend of cannabis tourism and consumption lounges and maintain its robust growth by the end of the forecast period.