Research Nester released a report titled “Breath Analyzer Market: Global Demand Analysis Opportunity Outlook 2030″ which delivers detailed overview of the global breath analyzer market in terms of market segmentation by technology, end-user, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global breath analyzer market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2022-2030. Rising trend for extreme alcohol consumption leading into road accidents is anticipated to be a major factor driving market growth. In addition, breath analyzer devices are gaining popularity ascribing to the rising demand at work place for effective BAC (blood alcohol content) level, which in turn is expected to fuel market progress in the near future.
Based on technology, the breath analyzer market is segmented into fuel cell, semiconductor oxide sensor, and others. The segment for fuel cell-based breath analyzers is evaluated to hold the highest market share on the back of their high level of reliability, accuracy, and sensitivity, and the fact that they are recommended as handheld alcohol testers for professional and personal use. Additionally, by application, the alcohol testing segment is projected to grab the largest share ascribing to the rise in consumption of drugs and alcohol.
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Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. Asia Pacific’s market is predicted to grow at the highest CAGR over the forecast period owing to improvements in healthcare infrastructure in the region as a result of rising investment of government towards healthcare. Moreover, the market in North America is evaluated to occupy the largest share during the forecast period, in view of the surging adoption of advanced technology in pharmaceutical industry, accompanied by the presence of leading healthcare service providers in the region.
Technological Advancements in the Medical Sector Globally to Drive Market Growth
Over the last few years, there is a hike in the technological advancements in the pharmaceutical sectors. Companies are extensively involved in the development of sophisticated devices such as breath analyzers, which can be used for monitoring drugs, alcohol, tuberculosis, asthma, and other diseases. This is anticipated to be the key factor boosting market growth in the forthcoming years.
However, breath analyzers may also provide inaccurate results failing to distinguish alcohol from any other chemical compound, which may hamper the market growth in the near future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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This report also provides the existing competitive scenario of some of the key players of the global breath analyzer market which includes company profiling of Dragerwerk AG Co. KGaA, Lifeloc Technologies, BACtrack, Inc., Quest Products Inc., Akers Biosciences, Inc., Intoximeter Inc., AK GlobalTech Corporation, Alcohol Countermeasure Systems Corporation, EnviteC-Wismar GmbH, Lion Laboratories Ltd., Pas Systems International. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global breath analyzer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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AJ Daniel
Research Nester
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