Press release
Breath Analyzers Market to Reach a Valuation of Around US$ 4,518.4 Million by 2019
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The international breath analyzers market is highly fragmented. The report profiles a few of the eminent market players in the world market for breath analyzers, such as, Intoximeters, Inc., Alcohol Countermeasure Systems, Inc., Quest Products, Lifeloc Technologies, Inc., Dragerwerk AG & Co, and many other key players
In accordance with a recent market research report that has been published by Transparency Market Research, the world market for breath analyzers is forecasted to expand at a CAGR of 41.3% over the period between 2013 and 2019. The report also projects the international market for breath analyzers to reach a market valuation of around US$ 4,518.4 mn by the year 2019. The overall market was worth around US$ 402.1 mn in the year 2012.
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The world market for breath analyzers has been regionally segmented into the geographies of South America, North America, Asia Pacific, Middle East and Africa, and Europe. North America has accounted for the lion’s share of the international market for breath analyzers in the year 2012. The dominance in this region is observed due to presence of large base of population that is addicted to excessive alcohol consumption leading to stringent government policies that mandates the usage of alcohol testing devices at various work places. This region is trailed by Europe and Asia-Pacific. The Asia-Pacific region is forecasted to experience a very high growth over the period of forecast that extends from the year 2013 to the year 2019. The demand for breath analyzers in this region is anticipated due to the increase in offences related to drunken driving, change in lifestyle and rise in disposable incomes. Likewise, rise in demand for advanced healthcare services for the purpose of detection of asthma, tuberculosis and various other diseases that have triggered the growth of this market in many of the Asian countries.
Advancements in the research and development activities have now advanced the usage of breath analyzers or breath testing devices in the segment of medical and healthcare sector for the purpose of accurate diagnosis. Breath testing devices work on the simple principle of the measurement of gases in an exhaled breath at a low concentration. Due to their accurate, non-invasive, and quick diagnosis, breath analyzers have obtained tremendous importance in the recent past.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
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