The breathalyzers market is estimated to be valued at US$ 10.6 Bn in 2023 and is expected to exhibit a CAGR over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Breathalyzers are devices used to estimating blood alcohol concentration from a breath sample. They are widely used by law enforcement agencies to determine the alcohol levels in breath. The devices come in various sizes from hand-held to unit fitted in vehicles to determine alcohol level. Their increasing adoption for determining drunk driving is boosting the market growth.
Market Dynamics:
The key drivers fueling the growth of Global Breathalyzers Market are increasing alcohol consumption globally and stringent laws against drunk driving. According to WHO, harmful use of alcohol results in around 3 million deaths each year globally. Driving under influence of alcohol greatly increases the risks of road accidents. Thus, countries are implementing stricter laws including mandatory testing to reduce road accidents. Furthermore, technological advancements are leading to development of advanced devices that can accurately detect alcohol levels. For instance, latest devices use fuel cell sensor technology that provides accurate results in seconds.
SWOT Analysis
Strength: Breathalyzers are portable, easy to use, and provide instant results. They are inexpensive devices that don’t require specialized training. Breathalyzers are also non-invasive and produce results quickly.
Weakness: Breathalyzers can produce inaccurate results if not used or maintained properly. External factors like temperature, medical conditions, or recent food/drink intake may impact the accuracy. Variations between individual makes and models in terms of precision and calibration needs exist.
Opportunity: Increased enforcement of drink-driving laws and more rigorous employer drug & alcohol testing policies are driving demand. Moreover, legalization of marijuana in certain regions has increased the need for reliable drug testing devices. Growing health awareness around substance abuse also presents an opportunity.
Threats: Alternative saliva or blood based alcohol detection methods may gain prominence over time. Stringent quality standards and regulations around breathalyzer technologies pose compliance challenges. Privacy concerns related to mass collection of people’s breath samples could limit widespread adoption.
Key Takeaways
The global breathalyzers market is expected to witness high growth, exhibiting CAGR of 18% over the forecast period, due to increasing enforcement of stringent drink-driving laws across various countries. The market size for 2023 is estimated to be US$ 10.6 Bn.
Regional analysis: North America dominated the global market in 2023, accounting for over 35% share. However, Asia Pacific is expected to grow at the fastest pace during the forecast period due to rising health awareness and disposal incomes in major countries like China and India.
Key players: Key players operating in the breathalyzers market are Cannabix Technologies Inc., Alcohol Countermeasure Systems Corp., Dragerwerk AG & Co. KGa, Intoximeters Inc., Lifeloc Technologies Inc., MPD Inc., Quest Products Inc., Advanced Safety Devices LLC, Aerocrine AB, Akers Biosciences Inc., Alcolizer Pty Ltd., Alcopro Inc., Guth Laboratories Inc., Meretek Diagnostics Group of Otsuka America Pharmaceutical Inc., PAS Systems International Alcohol Sensor Systems, Toshiba Medical Systems Corp., TruTouch Technologies Inc., ENVITE- WISMER GmbH, AK GlobalTech Corporation, Intoximeter Inc., and BACtrack Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
