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The growth of the market is attributed to the adoption of smartphone based breath analyzers and growing number of approvals from various regulatory bodies
VANCOUVER, BC, CANADA, March 31, 2022 /EINPresswire.com/ — The Global Breath Analyzers Market report presents a comprehensive analysis of the Breath Analyzers market that offers valuable insights to the investors, stakeholders, and business strategists for the forecast period of 2020-2027.
The global Breath Analyzers Market will be worth USD 22.79 billion by 2027, according to a recent report by Emergen Research. Factors like increasing alcohol and substance abuse coupled with strict government laws are the major factors driving market growth. Growing number of approvals from restrictive bodies like the European Commission and U.S. FDA, along with increasing traction of smartphone-based breath analyzers is accelerating the market growth. There are innovative product offerings by major companies operating in the market, particularly for medical applications, are anticipated to fuel the growth of breath analyzers market across the globe throughout the forecast period. However, despite the multiple advantages of breath analyzers, issues like discrepancy in results and hygiene considerations pose major threats to the expansion of this market.
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Breath analyzers are also gaining traction because of the increasing demand for effective BAC (blood alcohol content) level measuring devices at workplace coupled with its non-invasive nature. It is a vital tool for tuberculosis, observance medicine, alcohol, bronchial asthma, and other diseases. According to our analysts, it is projected that the demand for this technique is ought to rise perpetually. However, inexact analysis is likely to cause incorrect diagnosing which is a major restraint of the market. Emerging markets across the globe are focusing on dual sensor technology which has potential to drive the market in future.
Leading Players Profiled in the Report:
Alcohol Countermeasure Systems, Quest products, Inc., Alcovisor, AK GlobalTech Corp, Dragerwerk AG & Co. KGaA, Lifeloc Technologies, Corp., Akers Biosciences, Inc. and Toshiba Medical Systems among others.
Key Highlights From The Report.
In March 2020, Cannabix Technologies Inc., a marijuana breath analyzer developer based out of Canada, developed the version 2 of their already existing THC Breath Analyzer (THCBA). The THCBA now has better and attractive features like single-stage direct breath capability and single-hand ergonomic design. During testing, it has been noticed that the device is capable of providing results in under 5 minutes.
Prominent growth in the demand for accurate, fast and easy methods for initial diagnosis of diseases such as chronic obstructive pulmonary disease (COPD), asthma and cancer is stimulating market growth. Additionally, utilization of breath analyzers to assess carbon monoxide quantity in exhaled air for smoking cessation is forecasted to drive market growth during the forecast span.
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North America held the most prominent market share in 2019. The growth within the region is attributed to factors referring to drug and alcohol testing laws, increasing usage of private breath analyzers, in conjunction with the multiple product launches in the recent past.
The North American market is followed by the EU market, whereby factors like awareness conferences such as the Alcohol Interlock Symposia; laws mandating motorists to hold breath analyzer kits in in their vehicle; as well as seminars conducted by the EU Transport Safety Council are expected to stimulate market growth in Europe.
One of the report’s central components is the broad Breath Analyzers market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period.
The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Breath Analyzers market players.
Technology Outlook (Revenue, USD Billion; 2017-2027)
Fuel cell technology
Semiconductor oxide sensor technology
Infrared spectroscopy (IR)
Chemical crystal technology
Application Outlook (Revenue, USD Billion; 2017-2027)
Drug abuse detection
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The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Major benefits of the Breath Analyzers Market report:
The report discusses in detail the changing dynamics of the competitive landscape
The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth
The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario
The report encompasses a detailed forecast for the years 2020-2027
The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline
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