The global cannabis inhaler market is expected to grow at a CAGR of 7.2% between 2022 and 2032. The cannabis inhaler market is estimated to grow globally at a CAGR of 9.4% between 2020-2028. Cannabis is legally banned in most countries due to its harmful effects, such as extreme addiction. However, in 36 US states, Cannabis is legalized for medicinal and recreational use under the government's set rules and regulations. Cannabis stevia or the cannabis plant contains cannabinoids, natural compounds found quickly in them. The demand for Cannabis inhalers is expected to rise shortly because apart from their side effects on a human’s health, they can help overcome respiratory conditions such as Asthma and COPD, given that it is used under supervision and is well-monitored.
The Cannabis inhaler market is expected to rise shortly because of the high bioavailability of cannabis and the legalization of cannabis in various countries. There is a rise in government initiatives to promote safe and controlled usage of cannabis inhalers; various research projects have been funded to discover more uses of cannabis that might help treat various diseases.
The COVID-19 outbreak was a significant setback to the cannabis inhaler industry as there was a supply of fake medicines, which took away people's confidence in the medical sector, subsequently affecting the cannabis inhalers market.
Factors impacting the growth of the cannabis inhaler market
The lack of awareness on the long-term safety of cannabis used for medicinal purposes can act as a barrier to the profit boundaries in the cannabis inhaler market. In contrast, the changing regulatory outlook and initiatives by the government can act as a boost to the cannabis inhaler market.
Asthma is a significant lung disease and potentially hazardous; the asthma segment has generated colossal revenue during the forecast period and has dominated the market.
UK, Germany, and Cyprus have considered cannabis a prescription-based medicinal product, allowing only registered therapeutic practitioners to prescribe it to their patients. Countries such as Sweden, Latvia, Belgium, etc., have put a total ban on Cannabis. This shows the partial acceptance of cannabis inhalers in the European market.
Cannabis for medicinal and recreational purposes is legalized in 36 US states but is banned by federal law due to its residual side effects.
The legalization of Cannabis on state levels is a significant boost to the increase in the Cannabis inhalers market in the United States of America.
Key market players
H and T presspart manufacturing LTD.
Vectura Group plc
Segmentation of the market
The cannabis inhaler market can be bifurcated on the grounds of use and source outlook.
As far as application, the cannabis inhaler market can be segmented into:
Tightness in chest
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of the Middle East & Africa
Rest of South America
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Secondary Research or Desk Research
Distinctive Data Model
Secondary Sources include but are not limited to:
Past Published Research
Historical Data and Information
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Data Source Triangulation
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Combining various methodologies to validate data inputs
Applying different theories to check credibility of data sets
Cannabis is consumed in moderation and under control, and can be fruitful in overcoming various diseases, but on the other hand, if used in excess, it can lead to addiction and also can cause severe health issues