Breath Analyzers Market Expand at a 41.30% CAGR from 2013 to 2019
Transparency Market Research has published a new report on the global breath analyzers market. As per the report, the global breath analyzers market is expected to progress from US$402 mn in 2012 to US$4.5 bn by 2019. The report, titled ‘Breath Analyzers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,’ states that the global breath analyzers market is predicted to expand at a 41.30% CAGR during the period from 2013 to 2019 due to factors such as the rise in the incidence of diseases due to increasing drug abuse and increase in the number of road accidents because of excessive alcohol consumption.
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Breath analyzers are medical equipment used for estimating the alcohol content of a person from an exhaled breath. These devices were first introduced in the market way back in the 1940’s for the detection of alcohol in the human body. Advancements in research and development have now advanced the use of breath analyzers or breath testing devices in the medical and healthcare sector for accurate diagnosis. Breath testing devices work on the simple principle of the measurement of gases in an exhaled breath at a low concentration. Owing to their non-invasive, accurate, and quick diagnosis, breath analyzers have gained tremendous importance in the recent past.
As per the World Health Organization (WHO), around 2.5 million people die every year due to excessive alcohol consumption. 20% of drivers injured due to road accidents are found to have consumed alcohol. The rise in the number of road accidents due to drinking and driving has created growth opportunities for the global breath analyzers market.
Government support and the introduction of new breath analyzer devices are expected to accelerate the growth of the global breath analyzer market in the years to come. Considering the many advantages of breath testing devices, leading players are focusing on developing breath analyzer devices for the detection of various diseases such as tuberculosis, asthma, and others.
The global breath analyzers market is segmented on the basis of application, geography, and technology. Based on geography, the global breath analyzer market is divided into North America, Asia Pacific, Europe, and Rest of the World. In 2012, in terms of revenue, North America dominated the global breath analyzer market due to the growing number of people addicted to or regularly using alcohol. Europe is predicted to be the second largest market in the global breath analyzers market in the years to come.
By application, the global breath analyzers market is classified into alcohol detection, drug abuse detection, H. pylori infection detection, asthma detection, and tuberculosis detection. At present, the global breath analyzers market is dominated by the tuberculosis detection segment.
Some of the prominent players operating in the global breath analyzers market are Dragerwerk AG & Co, Intoximeters, Inc., Lifeloc Technologies, Inc., Alcohol Countermeasure Systems, Inc., and Quest Products. Based on technology, the global breath analyzers market is classified into infrared absorption fuel cell, and semiconductor sensor. Currently, the global breath analyzers market is led by the fuel cell technology.
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