Breath Analyzer Market Projected to Grow at a Robust CAGR of 25.01% over the Forecast Period 2016-2024


Posted September 18, 2018 by Steveblade

Based on technology, fuel cell technology segment accounted for the highest market share of 43.0% in 2016 and by 2024 it is expected to reach a market size of USD 2.02 billion.
 
Global Breath Analyzer Market

With high incidences of road accidents due to high intake of alcohol and strict laws enforced by government to prevent such incidents is majorly driving the growth of breath analyzer market.

Moreover, the technology used in the breath analyzer marks the growth of the market such that it has grown from using a liquid dye for exposure of ethane to now using ethanol in the breath. According to the market research report published by Goldstein Research on breath analyzer market, the market size is anticipated to reach USD 6.2 billion by 2024 from an estimated market size of USD 0.80 billion in 2016, growing at a compounded annual growth rate of 25.01% during the forecast period 2016-2024. Moreover, The breath analyzer market is growing with the advancement occurred in the medical devices market, in term of investments & New Business Man in the industry.

Based on technology, fuel cell technology segment accounted for the highest market share of 43.0% in 2016 and by 2024 it is expected to reach a market size of USD 2.02 billion. Further, Global breath analyzer industry is estimated to be dominated by North America with a market share of 45.0% worth USD 0.53 billion in 2016. North America is closely followed by Europe breath analyzer market share of 30.0% in 2016. Furthermore, Asia Pacific region is witnessing the increase in alcohol-influenced driving & road accidents.

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Market Segmentation

On the basis of our in-depth analysis, Global Breath Analyzer Market can be segmented as follows:

By Technology
• Fuel Cell
• Semi-Conductors
• Infrared

By Application
• Alcohol Detection
• Drug Abuse Detection
• Medical Applications

By End- User
• Law Enforcement
• Enterprises
• Others (Individuals)

By Region
• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Browse Full Report: https://www.goldsteinresearch.com/report/global-breath-analyzers-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

“Global Breath Analyzer Market Outlook 2024” contains the detailed overview of the global breath analyzer market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology, application and end user.
Further, for the in-depth analysis, Breath Analyzer Market Report encompasses the market growth drivers, Y-O-Y growth analysis, Trends, future scope, data table, import-export data, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market research report also includes competitive outlook of some of the major players profiling of companies such as Drägerwerk AG & Co, KGaA, EnviteC-Wismar GmbH, Lifeloc Technologies, BACtrack, Inc., Quest Products, Inc., Akers Biosciences, Inc., Intoximeter, Inc., AK GlobalTech Corporation, Alcohol Countermeasure Systems Corporation, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the industry analysis report represents the breath analyzer market growth along with market scope that will help market consultants, new entrants, technology providers, existing players searching for expansion opportunities, new players searching possibilities

Key questions answered in this Global Breath Analyzer Report

• What is the Global Breath Analyzer Market Size by 2024 and what would be the expected growth rate of the market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the breath analyzer market trends?
• What are the factors which are driving this market?
• What are the major barriers to breath analyzer market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working in healthcare market reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
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[email protected]
www.goldsteinresearch.com

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Tags breath analyzer market
Last Updated September 18, 2018