Press release
Global Breath Analyzers Market is anticipated to grow further up to USD 2594.2 million by 2031
Breath Analyzers Market
New York, According to a new market research report published by Global Insight Services Global Breath Analyzers Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The Breath Analyzer is a device used to track the Blood Alcohol Content (BAC) in an individual, through a breath sample. The test performed depends upon the relationship between alcohol in the blood or in the breath flowing through the lungs. The rising trend of extreme alcohol consumption resulting in road accidents; has raised the usage of breathalyzer devices. Encouraging government initiatives are also boosting the market growth. Breathalyzer devices are also gaining importance owing to the increasing demand at the workplace for effective BAC (blood alcohol content) levels and their non-invasive nature which is increasing the demand for breath analyzer devices. It is a primary tool for monitoring drugs, alcohol, tuberculosis, asthma, and other diseases hence; it is anticipated that the demand for this system should constantly rise.
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Market Trends and Drivers
The key factors boosting the growth of the market are rising alcohol abuse and drug abuse. In 2018, about 10,511 people in the US died because of drunk driving. Excessive alcohol consumption leads to a high risk of developing more than 200 diseases, comprising liver cirrhosis and some cancers. In the US almost 30 people die every day owing to driving under the influence (DUI). Additionally, high blood alcohol content was observed in~20% of fatally injured drivers in accidents in developed countries. The growing number of road accidents caused by drunk driving and drug abuse has increased the demand for breath analyzers, as these devices assist in monitoring the presence of different compounds and measuring the blood alcohol content in a breath sample.
Similarly, technological advancements are also boosting the growth of the market. The breath analyzers market is technology-driven and is projected to grow at a significant rate in the upcoming years. Due to the lucrative potential of the market, a number of players are focusing on developing novel technologies and are continuously introducing accurate and easy-to-use breath analyzers. For instance, in August 2019, Y Combinator, an investment company, invested in SannTek Labs to work on a new kind of breathalyzer.
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Market Restraints and Challenges
The major factor hampering the growth of the market is the accuracy concern of the breath analyzers. At times, breath analyzers provide inaccurate results failing to distinguish alcohol from any other chemical compound that includes a methyl group structure. Some alcohol testing machines identify not only ethyl alcohol (found in alcoholic drinks) but also any compound with a related molecular structure. Additionally, lip gloss, mouthwash, dentures, paint, glue, thinners, cleaning solvents, the foam used for hand hygiene, cigarettes, and even inhalers used for asthma can also hinder the test results of breath analyzers.
Major Players of the Global Breath Analyzers Market
The global breath analyzer market report comprises players such as Drägerwerk AG & Co. KGaA (Germany), MPD, Inc (US), Lifeloc Technologies (US), BACtrack, Inc. (US), Quest Products, Inc. (US), Akers Biosciences, Inc. (US), Intoximeter, Inc. (US), AK GlobalTech Corporation (US), Alcohol Countermeasure Systems Corporation (Canada), EnviteC-Wismar GmbH (Germany), Lion Laboratories Ltd. (UK), Pas Systems International (US), Guth Laboratories, Inc (US), Alcolizer Technology (Australia), Alcopro, Inc (US), Andatech Private Ltd (Australia), Alere (US), C4 development (China), Advanced Safety Devices (US), and Bedfont Scientific Limited (UK).
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Reasons to buy Global Breath Analyzers Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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