Breath Analyzers Market Size, Sales Revenue, Demand, Growth, Forecast to 2027
The latest market intelligence report, titled ‘Global Breath Analyzers Market’, is intended to provide the target audience with the necessary information about the global Breath Analyzers Market.
The global Breath Analyzers Market will be worth USD 22.79 billion by 2027, according to a recent report by Emergen Research. Factors like increasing alcohol and substance abuse coupled with strict government laws are the major factors driving market growth.
Growing number of approvals from restrictive bodies like the European Commission and U.S. FDA, along with increasing traction of smartphone-based breath analyzers is accelerating the market growth. There are innovative product offerings by major companies operating in the market, particularly for medical applications, are anticipated to fuel the growth of breath analyzers market across the globe throughout the forecast period. However, despite the multiple advantages of breath analyzers, issues like discrepancy in results and hygiene considerations pose major threats to the expansion of this market.
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Breath analyzers are also gaining traction because of the increasing demand for effective BAC (blood alcohol content) level measuring devices at workplace coupled with its non-invasive nature. It is a vital tool for tuberculosis, observance medicine, alcohol, bronchial asthma, and other diseases. According to our analysts, it is projected that the demand for this technique is ought to rise perpetually. However, inexact analysis is likely to cause incorrect diagnosing which is a major restraint of the market. Emerging markets across the globe are focusing on dual sensor technology which has potential to drive the market in future.
Leading Players Profiled in the Report:
Alcohol Countermeasure Systems, Quest products, Inc., Alcovisor, AK GlobalTech Corp, Dragerwerk AG & Co. KGaA, Lifeloc Technologies, Corp., Akers Biosciences, Inc. and Toshiba Medical Systems among others.
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North America held the most prominent market share in 2019. The growth within the region is attributed to factors referring to drug and alcohol testing laws, increasing usage of private breath analyzers, in conjunction with the multiple product launches in the recent past.
The North American market is followed by the EU market, whereby factors like awareness conferences such as the Alcohol Interlock Symposia; laws mandating motorists to hold breath analyzer kits in in their vehicle; as well as seminars conducted by the EU Transport Safety Council are expected to stimulate market growth in Europe.
Market Scope:
One of the report’s central components is the broad Breath Analyzers market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period.
The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Breath Analyzers market players.
Market Segmentation:
Technology Outlook (Revenue, USD Billion; 2017-2027)
Fuel cell technology Semiconductor oxide sensor technology Infrared spectroscopy (IR) Chemical crystal technology Others Application Outlook (Revenue, USD Billion; 2017-2027)
Alcohol detection Drug abuse detection Tuberculosis detection Asthma detection Others To know more about the report, visit @ https://www.emergenresearch.com/industry-report/breath-analyzers-market
The various regions analyzed in the report include:
North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) Major benefits of the Breath Analyzers Market report:
The report discusses in detail the changing dynamics of the competitive landscape The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario The report encompasses a detailed forecast for the years 2020-2027 The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline Request customization of this report @ https://www.emergenresearch.com/request-for-customization/164
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