Press release
Global Digital Scent Market 2021 Current Trends, Demand and Key Players -Alpha MOS SA, Electronic Sensor Technology Inc.,Plasmion GmbH
Market Insights Reports released a new study on 2021-2025 Digital Scent Market with 100+ data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.The Global Digital Scent Market Report provides an in-depth assessment of the given sector’s current position and central factors. The study considers the present scenario of the Digital Scent market and its market dynamics for the period 2021-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
The Digital Scent Market was valued at USD 16.70 million in 2019, and is expected to reach USD 29.88 million by 2025, registering a CAGR of 10.50%, during the period of 2020-2025.
Covid-19 Impact and Recovery Analysis:
The global Digital Scent market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.
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https://www.marketinsightsreports.com/reports/01091746183/digital-scent-market-growth-trends-and-forecast-2020-2025/inquiry?mode=69
Top Key Players in the Global Digital Scent Market: Alpha MOS SA, Electronic Sensor Technology Inc.,Plasmion GmbH, Odotech Inc., The eNose Company,AIRSENSE Analytics GmbH, among others.
- Sep 2019 - Comon Invent BV was working toward the We-nose project of the Port of Rotterdam, to improve air quality monitoring in the port of Rotterdam area. The company, along with other companies, is testing the possibility of automatic source recognition.
Key Market Trends
Healthcare Sector Expected to Witness Significant Growth
- Healthcare sector is expected to witness significant growth for the digital scent market due to the rising implementation of e-nose applications for clinical diagnosis. An e-nose is capable of providing useful information through the analysis of the volatile organic compounds in body fluids, such as exhaled breath, urine, and blood, which could cause an increased adoption of this technology in the healthcare industry.
- In the healthcare sector, digital scent technology is used in aromatherapy for curing certain diseases by employing different types of smells. Aromatherapy also helps in diagnosing brain disorders. The healthcare industry is set to witness the highest growth rate owing to increased adoption of scent synthesizers and e-noses to detect cancer. However, the high cost of such devices might hinder the adoption rate in the healthcare industry.
- The need for cost-effective detection devices is increasing at an alarming rate, considering the increasing cases of chronic diseases. For instance, according to the National Cancer Institute, the number of new cancer cases per year is expected to rise to 23.6 million by 2030, in the United States alone, up from an estimated 1,735,350 new cases of cancer in 2018.
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America to Account for a Major Share
- North America is expected to witness a significant market share for the digital scent technology market owing to an established infrastructure that makes use of various technological advancements.
- The established healthcare industry in the region is boosting the market growth. Emphasis of the US government on healthcare and special initiatives, like the Patient Protection and Affordable Care Act (Obamacare) are also favoring the market in this region. Electronic noses are being developed extensively in this region for the healthcare industry to sniff out cancers.
- Similarly, the defense and military sector in the region is very well established, with defense spending in the United States growing at a significant rate. The country has the biggest military defense budget, which is estimated to be around USD 611 billion.
- The recent applications of digital scent technologies have come through advancements in sensor design, material improvements, software innovations, and progress in microcircuitry design and systems integration.
- The developing infrastructure in the region, coupled with the rising adoption of technological advancements across various industries to better the business model, is set to boost the growth of the overall digital scent market.
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Digital Scent Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Digital Scent Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Digital Scent market?
- What are the key concerns of the five forces analysis of the Global Digital Scent market?
- What are different prospects and threats faced by the dealers in the Global Digital Scent market?
- What are the strengths and weaknesses of the key vendors?
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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