Breath Analyzers Market 2027 | Competitive Landscape, Growth Factors, Revenue Analysis

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Market growth is attributed to the adoption of smartphone-based breath analyzers and increasing number of approvals from various regulatory bodies

Market Size – USD 3.03 Billion in 2019, Market Growth – CAGR of 28.7%, Market Trends – Growing Adoption of Fuel Cell Breath Analyzers »

— Emerging research

VANCOUVER, BC, USA, June 16, 2022 /EINPresswire.com/ —
The breath analyzer market The report further throws light on emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrain the growth of the Breath Analyzer market. It provides a comprehensive assessment of the global breath analyzer market from various angles to provide detailed, informative, and accurate analysis of regional growth, competition, and market segmentation, among other factors. Moreover, it also gives a precise account of the significant breakthroughs and developments influencing the global breath analyzer market. It also focuses on the global and regional expansion of the Breath Analyzers industry to give an overall analysis.

The global breath analyzer market will be worth $22.79 billion by 2027, according to a recent report by Emergen Research. Factors such as increasing consumption of alcohol and substances, coupled with stringent government laws, are major factors driving the market growth. Growing number of approvals from restrictive bodies like European Commission and US FDA along with growing traction of smartphone-based breath analyzers is accelerating the growth of the market. There are innovative product offerings by major companies operating in the market, especially for medical applications, which are expected to fuel the growth of the breath analyzer market across the globe throughout the forecast period. However, despite the multiple advantages of breath analyzers, issues such as result deviations and hygiene considerations pose major threats to the expansion of this market.

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As well as new entrants to the breath analyzer market. It focuses on recent mergers and acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions and product launches, among others.

Major participants include Alcohol Countermeasure Systems, Quest products, Inc., Alcovisor, AK GlobalTech Corp, Dragerwerk AG & Co. KGaA, Lifeloc Technologies, Corp., Akers Biosciences, Inc., and Toshiba Medical Systems, among others.

Market scope:

One of the central elements of the report is the broad segmentation of the breath analyzer market which includes range of product types, application spectrum, end-user industry landscape, important geographical regions and main competitors in the market. The report contains unbiased opinions of industry experts on the current market scenario, past performance of the market, production and consumption rates, supply and demand ratio and generation forecast. income over the estimated period. The financial positions of key players, along with their gross profit, sales volume, sales revenue, manufacturing cost, and other financial ratios, have been accurately assessed in the report.

Report Highlights:

In March 2020, Cannabix Technologies Inc., a Canadian-based marijuana breath analyzer developer, developed version 2 of its already existing THC (THCBA) breath analyzer. The THCBA now has improved and attractive features such as one-step direct breathing capability and ergonomic one-handed design. During the tests, it was noticed that the device is able to provide results in less than 5 minutes.

With a progressive CAGR of 29.3% over the forecast period, Asia Pacific is expected to show a profitable share of the industry due to untapped market potential and growing awareness of technologically advanced products and commercially available.

High growth in demand for accurate, quick and easy methods for initial diagnosis of diseases such as chronic obstructive pulmonary disease (COPD), asthma and cancer is driving the market growth. Additionally, the use of breath analyzers to assess the amount of carbon monoxide in exhaled air for quitting smoking is expected to drive the market growth over the forecast period.

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The global breath analyzer market is broadly segmented on the basis of various product types, range of applications, end-use industries, key regions, and fiercely competitive landscape. This section of the report is only intended for readers who seek to strategically select the most suitable and lucrative segments of the Breath Analyzers industry. Sector analysis also helps companies interested in this sector to make optimal business decisions and achieve the desired goals.

For the purposes of this report, Emergen Research has segmented the global breath analyzer market based on technology, application, and region:

Technology Outlook (Revenue, USD Billion; 2017-2027)

fuel cell technology

Semiconductor oxide sensor technology

Infrared (IR) spectroscopy

Chemical crystal technology

Others

Application Outlook (Revenue, USD Billion; 2017-2027)

Alcohol detection

Addiction Detection

Tuberculosis detection

Asthma detection

Others

The regional bifurcation of the breath analyzer market includes:

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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Key questions answered by the report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements in the market?

What are the key strategies adopted by the leading players of the Breath Analyzers market?

What are the major product types and applications of breath analyzer industry?

What is the result of the SWOT analysis and Porter’s five forces analysis?

What is the Competitive Landscape of the Breath Analyzers Market?

Who are the major players in the industry?

What is the growth rate of the industry in the coming years?

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The size of the breath analyzer market worth USD 22.79 billion by 2027

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