A comprehensive overview of the global breath analyzers market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the breath analyzers markets globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The global breath analyzers market is likely to showcase a robust growth of around ~16% during the forecast period (2022-2028).
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Market Overview
The breath analyzers market is expected to register a CAGR of around ~16% over the period of 2022-2028. This is mainly due to its increasing application in the use of breathalyzers for the identification of various cases such as alcohol and drug abuse and the treatment of various diseases. Also, breath analyzers have stringent government regulations such as road safety laws across the world, coupled with the healthcare industry to adopt to make breath analyzer products more sustainable. Major healthcare companies are investing heavily in their product advancements due to rising social awareness regarding levels and legal requirements in workplaces to keep the environment drug-free and alcohol-free has resultantly increased product demand from offices, workplaces, and schools demand efficient as well accurate medical detection devices. According to the World Health Organization (WHO) 2022, worldwide, nearly 3 million deaths every year result from the harmful use of alcohol. Also, overall, 5.1% of the global burden of disease and injury is attributable to alcohol. This rise in the demand for the prevalence of drinking and driving with alcohol is contributing to market growth. Furthermore, various factors such as growing research and development activities are also expected to drive the demand for the analyzers over the forecast period which is responsible for the excessive use and significantly contributes to the market for the medical applications of breath analyzers. Therefore, the market for breath analyzers is expected to witness significant growth during the forecast period.
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COVID-19 Impact
The COVID-19 pandemic has adversely impacted the global healthcare industry. Several countries enforced nationwide lockdowns as part of measures to limit the spread of the coronavirus. As a result, a prohibition on travel, termination of bars and restaurants, and closure of other alcohol-selling places led to a short-term decline in alcohol consumption, which directly impacted the breathalyzer market. In April 2022, the U.S. FDA approved the first COVID-19 breathalyzer test developed by InspectIR Systems, LLC. The test provides results within three minutes and detects five volatile organic compounds (VOCs) associated with COVID-19. These factors could work in favor of the market. Moreover, the decline in the sales of alcohol and related beverages around the world indirectly impacted the breathalyzer market due to the pandemic. These factors have impacted the breath analyzers industry.
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The global breath analyzers market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Technology, the market is primarily bifurcated into:
· Fuel Cell Technology
· Semiconductor Oxide Sensor Technology
· Infrared
· Others
Based on technology, the market is classified into fuel cell technology, semiconductor oxide sensor technology, infrared, and others. Amongst technology, the fuel cell technology category accounted for a significant share of the market. This is mainly due to its accuracy in detecting breath alcohol, devices equipped with this technology are easily approved by regulatory authorities from various countries. Furthermore, the fuel cell breathalyzer is typically the most accurate method of testing and usually has a margin of error of +/- 0.005% at 0.08% BAC. Over the forthcoming years, this segment rising due to the use of breath analyzers in the global market is likely to boost the demand for breath analyzers.
By Application, the market is primarily bifurcated into:
· Alcohol Detection
· Drug Abuse Detection
· Others
Based on application, the market is categorized into alcohol detection, drug abuse detection, and others. Amongst applications, the alcohol detection category accounted for a significant share of the market. This segment is rising due to its demand for breath analyzers used by personnel as well as by professionals to restrict drunken individuals from entering the company premises and other social places. Furthermore, stringent government rules for driving under the influence which expected to support the growth of the segment over the forecast period. These results boost the production of breath analyzers.
Global breath analyzers market Geographical Segmentation Includes:
· North America
Ø United States
Ø Canada
Ø Rest of North America
· Europe
Ø Germany
Ø UK
Ø France
Ø Italy
Ø Spain
Ø Rest of Europe
· Asia-Pacific
Ø China
Ø Japan
Ø India
Ø Australia
Ø Rest of Asia-Pacific
· Rest of the World
For a better understanding of the market adoption of the home-use beauty industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, and the Rest of North America); Europe (Germany, UK, France, Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. North America is expected to witness the highest CAGR during the forecast period on account of the various breath analyzers available and the highly developed economy, high product adoption rates, and awareness about road traffic safety in the U.S. economy. For instance, as per the 2019 report from National Institute on Alcohol Abuse and Alcoholism, about 4.5 million people aged 12 to 20 admitted to binge drinking, accounting for about 11.1% of the total young people aged 12-20, of which 10.4% were male and 11.8% were female. Thus, the growing consumption of alcohol, increasing research on the medical applications of breath analyzers, and the development of advanced breath analyzers by major companies and the diagnostics industry owing to the presence of well-established market players and frequent product launches in the region.
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The major players targeting the market include:
· AK GlobalTech Corp.
· Lion Laboratories
· Alcohol Countermeasure Systems Corp.
· Alcolizer Pty Ltd.
· BACtrack
· Drägerwerk AG & Co. KGaA
· Honeywell International Inc.
· Lifeloc Technologies Inc.
· Intoximeters, Inc.
· Bedfont Scientific Ltd.
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global breath analyzers market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global breath analyzers market?
· Which factors are influencing the global breath analyzers market over the forecast period?
· What are the global challenges, threats, and risks in the global breath analyzers market?
· Which factors are propelling and restraining the global breath analyzers market?
· What are the demanding global regions of the global breath analyzers market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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