The global Breath Analyzer Market is
expected to reach USD 11.3 billion by 2024, according to a new report by Grand
View Research, Inc. Major drivers of the market include the demand for breath
analyzers arising from the law enforcement agencies as well as other
institutions, such as schools, sports, and offices, to minimize alcohol abuse
and ensure safety in workplace settings.
The fuel
cell technology has been widely used in professional breath analyzers as it
offers accuracy, alcohol specificity, and portability. Moreover, the
semiconductor sensor technology offers affordable breath alcohol screening
devices that are mostly used by private consumers. Breath analyzers that use
infrared spectroscopy are currently limited to the law enforcement agencies
owing to their high cost and large device size.
The growing
demand for quick and easy methods for the primary diagnosis of diseases, such
as asthma, chronic obstructive pulmonary disease, and cancer is augmenting the
growth of the global market. In addition, the rising adoption of breath
analyzers in smoking cessation programs to detect carbon monoxide in the
exhaled air is augmenting the market growth.
Uncertainty
with regard to the accuracy of the devices, the ambiguous laws about installing
these devices in offices, and the high prices attached to infrared spectroscopy
are the factors that challenge the growth of the global market. Many of the
drug detection devices that identify the presence of drugs in the exhaled
breath are still in the developmental phase as the detection technology used
will depend on the type of the drug. Hence, this poses some uncertainty for the
success of these devices.
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Further key findings from the study suggest:
- In 2015, the fuel cell technology segment accounted for the largest share of the market at31.8%. The dominance of the segment is attributed to the popularity of this technology owing to its accuracy and user-friendly product designs.
- The medical application segment is expected to witness the fastest growth from 2016 to 2024 owing to the rapid development of disease diagnostics, such as breath analyzers for asthma and Chronic Obstructive Pulmonary Diseases (COPD)
- North America captured the largest market share at over half of the total revenue in 2015 and is expected to maintain its dominance throughout the forecast period. The presence of a large number of major market players, strict laws for road traffic safety, and a high adoption rate of the advanced technologies are the factors driving the market growth in this region.
- The Asia Pacific market is expected to grow at a lucrative CAGR of around 32% during the forecast period. The existence of a large untapped market and the growing awareness regarding the commercially available and technically advanced products are some of the major drivers of the market in the region.
- The presence of a large number of local manufacturers in the Asia Pacific region offering low-cost breath analyzers in comparison to other manufacturers based in developed countries is one of the factors expected to propel the exports from this region
- Some key players in the Breath Analyzer Market include Dragerwerk AG & Co. KGaA, Intoximeter, Inc., Alcovisor, Quest products, Inc., Lifeloc Technologies, Akers Biosciences, Inc., MPD, Inc., AK GlobalTech Corp., Alcohol Countermeasure Systems Corp., and EnviteC-Wismar GmbH
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About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
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