Press release
Breath Analyzer Market Shows Exponential Growth Ahead Key Players Profile Quest Products, Inc, Drägerwerk AG & Co. KGaA, BACtrack, Alere, Inc, C4 Development Ltd, Lion Laboratories Limited and Andatech Private Limited
Breath Analyzer Market
A breathalyzer is an electronic device which is used for estimating blood alcohol content (BAC) from a breath sample. Breath Analyzer just require the air sample and do not need any blood sample to examine the percentage of alcohol content in the human body. These devices are handy, can be carried without any hesitation. Breath Analyzer gives accurate results in less time than traditional blood test to observe BAC of an individual.
In the year 2016, the Breath Analyzer market was valued at USD 0.51 billion in 2016 and is expected to grow at 25.01% CAGR to reach USD 2.02 billion by 2024.
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Drivers and Restraints:
In the Beginning, it had been a troublesome task to draw sample blood and take it for analysis. It was thought that taking blood sample to test alcohol percentage in body is considerably unethical. Even though blood test gives accurate results, it takes longer time than Breathalyzer test. Hence Breath Analyzer took over the needs for faster BAC tests. Apart from accuracy and speediness, Breath Analyzer can be carried easily with bare hands without any discomfort or effort. Significant rise in the amount of road traffic accidents due to alcoholic drivers in all ages is one of the major reasons for market driving forward. Traffic Police or Civil Police often need Breathalyzer devices to confirm if a driver is drunk beyond the permissible amount of alcohol. In 2015 there were 290,000 road accidents happened alone in the United States whereas 10,000 unfortunate deaths occurred. Apart from this, there were many studies that proved excessive consumption of alcohol leads to inconsistency at workplace. It is illegal to consume alcohol during work hours, and while driving it is a punishable offence. These devices are now very usable in rehabilitation centers. Breath Analyzer are also used to maintain safe and disciplinary national and international aerial, road, and other means of transportation.
New version of Breath Analyzer has been introduced into the global market. These are used for road side EBT (Evidential Breath Tests) for drivers likely found to be drunk. Revolutionary inventions into the market like these are major drivers for the market.
Geographic Segmentation
Geographically, market of Breath Analyzer is segmented into regions of Latin America, Middle East and Africa, North America, and Europe. The market is expected to witness higher pace and greater CAGR in forecasted years due to increasing drunk and drive accidents. North America is estimated to hold largest part of market share, which accounts for 52.3% of global Breath Analyzer market.
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Key Players in Global Breath Analyzer market:
Some of the top companies which are competitive in the Breath Analyzer market are Quest Products, Inc, Drägerwerk AG & Co. KGaA, BACtrack, Alere, Inc, C4 Development Ltd, Lion Laboratories Limited, Andatech Private Limited, Intoximeters, Inc., Lifeloc Technologies, and Quest Products, Inc.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.
The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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