According to Fact.MR, the global breathalyzer market was valued at US$ 600 Mn in 2018, and it is anticipated to clock 7.5% Y-o-Y over 2018 to surpass US$ 645 Mn by 2019 end. The recently published report by Fact.MR analyses the growth prospects of the global breathalyzer market by studying several key influencing factors.
The study finds that the rising demand for breathalyzer s in the government agencies for law enforcement applications will continue to gain traction in 2019 with an estimated valuation of US$ 250 Mn by the year end. Such proliferated rate of adoption of breathalyzer s has encouraged the manufacturers to devise feature-rich and portable devices with utmost efficiency. As a result, a notable shift towards the convergence of technological innovation and breathalyzer devices is witnessed with an aim to provide utmost accuracy.
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“breathalyzers are gaining popularity as a crucial diagnostic equipment in medical settings for the detection of multiple diseases, owing to the cost-efficiency, ease of use, and portability that these devices offer. With their extended applications in the diagnostics centers, the global breathalyzer market is poised to witness promising growth prospects,” says the Fact.MR report.
Breathalyzers Sales to Soar as Demand from Law Enforcement Bodies and Medical Settings Continue to Rise
Rising trends of alcohol consumption in parallel to the growing number of cars used as the primary mode of transportation have resulted in a large number of road accidents. As a result, surging demand for determining the blood alcohol content (BAC) from the government agencies is projected to positively impact the growth of the global breathalyzer market, especially in North America. According to the U.S. law, individuals with a BrAC level of 0.08% and over are prosecuted. In such cases, breathalyzer s are used as crucial evidence for criminal trials. In addition to alcohol, there is a notable increase in the proclivity of individuals for drugs consumption. As a result, the manufacturers of the breathalyzer market have been endeavoring towards enhancing the functionality of their products to detect the cases of drug abuse.
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Chapter 1 – Global Breathalyzer Market – Executive Summary
The report begins with a brief description of the breathalyzer market. This section sets the tone for the succeeding sections and offers crucial statistics and facts on the global breathalyzer market.
Chapter 2 – Global Breathalyzer Market – Overview
Under this chapter, an elaborated definition of the breathalyzer market along with detailed taxonomy is incorporated in the report. This section further analysis the crucial macroeconomic factors influencing the growth of the global breathalyzer market.
Chapter 3 – Global Breathalyzer Market Analysis and Forecast, by Product Type
This section lends detailed market segmentation, depending on the product type. A comprehensive historical analysis is discussed in this report.
Chapter 4 – Global Breathalyzer Market Analysis and Forecast, by End User
This section offers a holistic outlook on the global breathalyzer market and its bifurcation based on the type of end user. Historical analysis of each segment is incorporated in this study.
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Fuel Cell Technology Holds Over Half of the Total Revenue Acquired by the breathalyzer Market
As per the report, fuel cell technology is more favored over semiconductor sensor technology, on account of its portability, alcohol specificity, and accuracy. Fact.MR forecasts that the fuel cell segment will register a valuation of over US$ 380 Mn in the breathalyzer market by 2019. The technology holds over half of the total revenue acquired by the global breathalyzer market and it is predicted to hold the largest share in the technological segment with North America contributing massively to its growth.
The Fact.MR research report analyzes the breathalyzer market for the period 2012 – 2022. According to the study, the global breathalyzer market is expected to grow at a promising CAGR through 2022.
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