Vaporizer Market Overview: 2031
The global vaporizer market was valued at $1.2 billion in 2021, and is projected to reach $2 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.Vaporizer is a device that generates steam or a particular substance in the form of vapor, especially for medicinal inhalation. Steam inhalation is a widely used home remedy to obtain relief from the symptoms of sinus infection and cold. Inhalation therapy has been employed for thousands of years, and it is a prominent option for lung diseases such as chronic obstructive pulmonary disease (COPD), asthma, and cystic fibrosis. Thus, the increase in the number of patients with the lung diseases mentioned above is fueling the demand for vaporizers and consequently, driving the growth of the vaporizer industry. For instance, according to the World Health Organization, globally, asthma affected an estimated 262 million people in 2019 and caused 455 000 deaths.
Moreover, vaporizers are employed to improve skin texture, luster, and skin elasticity. Thus, the surge in the use of vaporizers for beauty care purposes and the increase in beauty care expenditure are key factors boosting the vaporizer market. In addition, the rise in standard & quality of life, the surge in awareness about the convenience of using vaporizers, and technical advancements are anticipated to drive the vaporizer market growth.
COVID-19 has resulted in a slight rise in the demand for vaporizers as they provide relief from colds & coughs and respiratory issues which can be caused due to COVID. Along with this, many consumers bought vaporizers for using them at home. According to the report of the National Library of Medicine, U.S., it has been observed that the administration of steam inhalation reduced clinical symptoms in infected patients.
The rise in the prevalence of cough & cold due to changes in weather, poor immunity, and allergies is fueling the demand for the vaporizer, thereby strengthening the global vaporizer industry. Common colds & coughs are the most frequent infectious illnesses by which humans get affected. According to the report of the Centers for Disease Control and Prevention, every year, adults have an average of 2–3 colds each year, and children have even more per year. All of this contributes to the rising popularity of steam vaporizers since vaporizer helps in the cure of cold and cough. Moreover, the rise in concern of the global population toward beauty & personal care is expected to boost the vaporizer. Growth in concerns among young people about dry skin is also driving up sales. Along with this, steam offers moisture to the hair roots which helps in improving the blood circulation to the scalp and it creates a humid environment and opens the hair cuticles. The moisture penetrating the hair cuticles makes the dry, dull, or damaged hair softer and smoother. Steaming curly and kinky hair retains its moisture and allows other hair care products to enter the hair cuticles easily. All such factors are expected to boost the vaporizer market size during the forecast period.
In a beauty salon, a steam vaporizer is used to cure skin dryness. Vaporizers heat water and release steam into the atmosphere. Cool mist humidifiers produce a fine, cool mist. Both devices can aid in the relief of dry skin and nasal passages. Providing moisture to the air, whether with a cold or warm spray, can also help to relieve skin irritation. Growing concerns among young people about dry skin are also driving up sales. Along with this, Steam offers moisture to the hair roots which helps in improving the blood circulation to the scalp and it creates a humid environment and opens the hair cuticles. The moisture penetrating the hair cuticles makes the dry, dull, or damaged hair softer and smoother. Steaming curly and kinky hair retains its moisture and allows other hair care products to enter the hair cuticles easily. All such factors coupled together is expected to boost the vaporizer market demand.
The risk of getting burned or scalded owing to the mishandling of the vaporizer can hamper the growth of the vaporizer market. According to an article by the National Library of Medicine, steam vaporizers can cause significant burns in the pediatric population. Toddlers are at high risk, frequently sustaining hand burns that underwent skin grafting. Such risks associated with the vaporizer and the availability of a humidifier can hamper the demand for the vaporizer.
The vaporizers are easy to use and can be used at home, in the office, or while traveling. They are also compact and portable, making them convenient for people who need to use them on the go. This convenience factor is expected to drive demand for vaporizers in the coming years.
The rise in the geriatric population is expected to create growth opportunities for the vaporizer market since there are more chances for the elder population to have colds & coughs. According to the report of the National Library of Medicine U.S., the cough has a high prevalence and is detrimental to the quality of life of the elderly. Thus, owing to the high risk of cough & cold among the geriatric population, it prefers vaporizer as a convenient option. According to the United Nations by 2050, one in six people across the globe will be over age 65 (16%), up from one in 11 in 2019 (9%). Further, according to the U.S. Census Bureau, 54.1 million U.S. residents were 65 years or older on July 1, 2019. Such a huge geriatric population will provide a great opportunity for the vaporizer market to grow.
The vaporizer market is analyzed on the basis of product type, application, distribution channel, and region. By type, the vaporizer market is classified into the facial steamer, hair vaporizer, and nebulizer. On the basis of application, the vaporizer market is categorized into residential, hospital, and personal care services. Depending on the distribution channel, the market is bifurcated into offline and online distribution channels. The offline segment is further segmented into pharmacies, hypermarkets, and convenience stores whereas the online segment is further bifurcated into direct and indirect distribution. Based on region, the vaporizer market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, the Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, and rest of LAMEA).
On the basis of product type, facial steamer constitutes a major vaporizer market share. The facial steamer works on the principle of the cleansing face by means of steam. Further, the hair vaporizer segment is expected to witness significant growth owing to a rise in the concern of the consumer toward hair care coupled with the advantages of steaming the hair.
On the basis of application, the personal care services segment dominated the vaporizer market in 2021 and is expected to retain its dominance during the vaporizer market forecast period. The personal care services segment comprises the use of vaporizers for the use of skin care & hair care by professional service providers such as spas, salons, and beauty parlors. The rise in concern of the global population toward their personal appearance is expected to boost the growth of the personal care services segment. According to the report of the U.S. Bureau of Labor Statistics, about 93,800 openings for barbers, hairstylists, and cosmetologists are projected each year, on average, over the decade (2021-2031) in the U.S. alone.
On the basis of distribution channels, the offline segment is projected to dominate the market accounting for more than 67% share in 2031 growing at a significant CAGR of 5.1% from 2022 to 2031. An increase in the availability of vaporizers through hypermarkets and pharmacies coupled with the advice of specialists such as pharmacists and sales person to use vaporizers for the treatment of colds & coughs along with skin diseases is expected to boost sales through these distribution channels.
On the basis of region, North America dominated the vaporizer market in 2021 owing to a rise in awareness regarding the benefits of vaporizers such as helping to cure a cold & cough and boosting skincare & hair care. Moreover, Asia-Pacific is expected to witness the highest growth owing to an increase in health concerns of consumers in developing countries, such as India and China.
The key leading players operating in this vaporizer market are Panasonic Corporation, Secura, Teleflex Incorporated, Drive DeVilbiss International, PARI Respiratory Equipment, Inc., Allied Healthcare Products, Inc., Garfield Commercial Enterprises, Inc., Beurer GmbH, Felton Grimwade & Bosistos Pty Ltd, Revlon, Inc., C&A Marketing, Inc., Trudell Medical International, OMRON Corporation, Philip Morris International Inc., and Conair Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the vaporizer market segments, current trends, estimations, and dynamics of the vaporizer market analysis from 2021 to 2031 to identify the prevailing vaporizer market opportunities.
The vaporizer market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the vaporizer market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global vaporizer market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the vaporizer market players.
The report includes the analysis of the regional as well as global vaporizer market trends, key players, market segments, application areas, and market growth strategies.
Vaporizer Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 2 billion |
 Growth Rate | CAGR of 5.4% |
 Forecast period | 2021 - 2031 |
 Report Pages | 345 |
 By Product Type |
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 By Application |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Philip Morris International Inc., Teleflex Incorporated, Felton Grimwade & Bosistos Pty Ltd, Allied Healthcare Products, Inc., C&A Marketing, Inc., Revlon, Inc., Beurer GmbH, Trudell Medical International, Drive DeVilbiss International, PARI Respiratory Equipment, Inc., OMRON Corporation, Panasonic Corporation, Conair Corporation, Secura, Garfield Commercial Enterprises, Inc. |
Analyst Review
According to the CXO, the factors such as an increase in concern among youth skin care and hair care will drive the growth of the vaporizer market. However, the risk of getting burned or scalded can hamper the market growth during the forecast period. According to the report of the Centers for Disease Control and Prevention, adults catch colds on an average of 2–3 times per year, and children even more. Such a rise in the prevalence of colds & coughs coupled with an increase in the geriatric population is expected to propel the growth of the vaporizer market.
CXOs further added that the rising concern towards personal appearance among the global population is expected to further propel the market demand. For instance, according to the report of the U.S. Bureau of Labor Statistics, about 93,800 openings for barbers, hairstylists, and cosmetologists are projected each year, on average, over the decade in the U.S.
The global vaporizer market size was valued at $1,164.41 million in 2021 and is projected to reach $1,978.1 million by 2031.
The global vaporizer market registered a CAGR of 5.4% from 2022 to 2031.
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The forecast period in the vaporizer market report is from 2022 to 2031.
The major players operating in the global vaporizer industry are Panasonic Corporation, Secura, Teleflex Incorporated, Drive DeVilbiss International, PARI Respiratory Equipment, Inc., Allied Healthcare Products, Inc., Garfield Commercial Enterprises, Inc., Beurer GmbH, Felton Grimwade & Bosistos Pty Ltd, Revlon, Inc., C&A Marketing, Inc., Trudell Medical International, OMRON Corporation, Philip Morris International Inc., and Conair Corporation.
The vaporizer market is segmented on the basis of product type, application, distribution channel, and region.
COVID-19 has resulted in an increased demand for the vaporizer market as it helps to overcome colds and coughs, and respiratory issues which can be caused due to COVID. Along with this many consumers bought vaporizers for using them at home to avoid doctor visits. According to the report of the National Library of Medicine, U.S., it has been observed that the administration of steam inhalation reduced clinical symptoms in infected patients.
North America will dominate the vaporizer market by the end of 2031.
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