The latest published report by Polaris Market Research. The global “Breathalyzer Market Share, Size, Trends, Industry Analysis Report, By Product Type (Active, Passive); By Technology (Fuel Cell, Semiconductor Oxide Sensor, Others); By Application; By End-Use; By Regions; Segment Forecast, 2020 – 2027”the report covers an exhaustive list of market tables and figures, thus providing in-depth analytical data for segments across different regions.
Market Analysis:
The global breathalyzer market was valued at USD 656.1 million in 2019 and is expected to reach USD 1.10 billion by 2027 to grow at a CAGR of 6.7% From 2020 – 2027. Breathalyzer refers to the device used to estimate alcohol content in the blood from the breath sample. Apart from detecting alcohol content in the blood, breathalyzer is also used to detect diseases and ensure wellness. For instance, breathalyzer can be used to detect how the diseases may alter the metabolomics of the body.
As breathalyzers can analyze the metabolic changes in the body, they can also detect weight gain or loss and nicotine level in one’s body. As a result, breathalyzer is expected to be an effective technique for physical wellness and prevention of diseases. This is likely to complement the demand for the product over the forecast period.
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Competitive Insight :
Companies such as BACtrack Breathalyzers (KHN Solutions LLC), Dragerwerk AG, Quest Diagnostics, Intoximeters, Alcolizer, Lifeloc Technologies, Thermo Fisher Scientific, TruTouch, uVera Diagnostics, Alere Inc.. are some of the key players operating in the global market.
Players in the market are focusing on product development and innovation along with strategic collaborations to boost their product portfolio while also strengthening their position in the market through geographical expansion. Furthermore, in December 2019, Digital Ally Inc. collaborated with Lenexa to boost the manufacturing of a novel breathalyzer.
Market Insight :
The prominent factors favoring the market growth include substantial funding raised by the companies to boost manufacturing of the product owing to the recent technological advancements. Furthermore, increasing adoption of breath analyzers across various applications such as alcohol level testing, detection of weight gain, and intoxication level due to cannabis consumption is anticipated to contribute to market growth.
In August 2019, Hound Labs Inc. raised approximately USD 30 million for boosting the manufacturing and commercialization of the dual alcohol and marijuana breathalyzer. Additionally, in June 2018, Owlstone Inc. developed ReCIVA breath sampler or breath analyzer to analyze the content of Volatile Organic Compounds (VOCs) for detection of lung cancer.
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Furthermore, funding raised by the governments across the countries for development and deployment of advanced breath analyzers is likely to complement market growth. In June 2018, the government of United Kingdom (UK) raised a funding of about USD 453,740 (£350,000) to boost competition among the companies in the country to develop a novel mobile breathalyzer. Such key initiatives are likely to drive demand over the coming years.
Geographic Overview:
In terms of regional outlook, North America is dominating the global market on account of the increasing demand for breathalyzers in the US, stringent government regulations, and the presence of leading players focusing on the development of advanced-level breathalyzers. In addition to this, a rise in the consumption of drugs and extended use of breathalyzers to detect tuberculosis, asthma, and pylori are major factors driving market growth in the region. The breathalyzer market in the Asia Pacific region is anticipated to grow at a significant rate owing to increasing initiatives of the government to prevent road accidents occurring due to growing alcohol consumption and rising penetration of breathalyzer devices.
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Table of Contents
Introduction
Executive Summary
Research Methodology
Breathalyzer Market Insights
Breathalyzer Market Assessment by Product Type
- Active
- Passive
Breathalyzer Market, by Application
- Alcohol Detection
- Drug Abuse Detection
- Disease Detection
- Others
Breathalyzer Market, by Technology
- Fuel Cell
- Semiconductor Oxide Sensor
- Others
Breathalyzer Market Assessment by End-Use
- Government Agencies
- Enterprises
- Home Setting
- Hospital Settings
- Diagnostic Centers
Breathalyzer Market Assessment by Geography
Competitive Landscape
Company Profiles
Continued…………..
List of Tables
Table 1 Global Breathalyzer Market, By Product Type, 2016 – 2027 (USD Million)
Table 2 Global Breathalyzer Market, by Technology, by Region, 2016 – 2027 (USD Million)
Table 3 Global Breathalyzer Market, by End Use , by Region, 2016 – 2027 (USD Million)
Continued…..
List of Figures
Figure 1. Market Highlights (2019, Revenue)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Continued….
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