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HEALTHCARE & PHARMACEUTICAL

Breathalyzer Market Analysis by Design (Portable, Fixed, and Wearable); by Application (Alcohol Detection, Drug Abuse Detection, and Medical Applications); by Technology (Fuel Cell Technology, Infrared Spectroscopy, Semiconductor Oxide Sensor Technology, and Others); and by End-User (Government & Private Work Places, and Others)– Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • May, 2022- Andatech Pty Ltd's Soberlive FRX, announced that its wall-mounted breathalyzer has been certified to Australian Standard AS3547:2019, which acknowledges its ability to provide accurate and reliable breath alcohol test results.
  • August, 2019: Abbott introduced first of its kind SoToxa Mobile Forensic Test System that delivers results within five minutes and reduces drug-impaired driving. SoToxa offers law enforcement a truly portable device – to remarkably improve roadside testing methods and aid in the identification of irresponsible drivers.

Global Breathalyzer Market Size, Forecast and Trend Highlights Over 2022 – 2031

Breathalyzer-Market-Size

The global breathalyzer market is estimated to garner a significant revenue by the end of 2031 by growing at a CAGR of ~16% over the forecast period, i.e., 2022 – 2031. Further, the market generated a notable revenue of ~USD 533 million in the year 2021. The growth of the market can primarily be attributed to the rising number of drunk driving cases leading to road accidents. According to a report published by the World Health Organization (WHO) in 2022, approximately 1.3 million people die every year in road accidents.

Breathalyzer-Market-Scope

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A breathalyzer is equipment that is used for taking breath samples to analyze alcohol content in the blood or to detect viruses or diseases. A person blows into a device, which then continuously monitors the air expired with the help of an infrared cell. Once stabilized, the sample of the breath is analyzed. Moreover, a limit has been set by the government across different countries in order to detect the presence of harmful toxic substances in the human body that can lead to an increased incidence of deaths. According to the statistics by the World Health Organization (WHO), the consumption of alcohol contributes to 3 million deaths worldwide each year. Such harmful use of alcohol contributes to 5.1% of the global burden of disease.

Global Breathalyzer Market: Growth Drivers and Challenges

Growth Drivers

  • Worldwide Initiatives for Road Safety – For road safety purposes, different initiatives have been taken by the government. Moreover, the government has recognized the importance of road safety initiatives as a resultant of the rise in road traffic crashes. Therefore, worldwide initiatives for road safety are anticipated to increase the growth of the global breathalyzer market.

According to the data by the World Health Organization (WHO), by 2030, WHO, in collaboration with UN Regional Commissions, aims to prevent at least 50% of road traffic deaths and injuries by launching an initiative—the Decade of Action for Road Safety 2021–2030.

  • Growing Prevalence of Asthma – Breathalyzers are used to detect diseases or viruses from a breath test at an earlier stage, which increases the success rate of their treatment. Therefore, it is expected to fuel the market growth of global breathalyzer market.

According to the WHO, in 2019 about 262 million people are affected by asthma and it caused about 455,000 deaths.

  • Increasing Use of Prohibited Drugs – Prohibited drug use leads to the risk of mental and physical health issues within the human body. Moreover, it not only affects the person who is consuming but also the surrounding people. This is anticipated to drive the growth of the global breathalyzer market.

According to the World Drug report by the United Nations Office on Drugs and Crime (UNODC), globally, approximately 275 million people used drugs in 2021. Whereas, more than 36 million people suffer from drug use disorders.

  • Growing Healthcare Industry- Breathalyzer is becoming a popular trend for alcohol and drug tests in the healthcare industry. Therefore, the growing healthcare industry is expected to spur the growth of the global breathalyzer market.

According to the Indian Brand Equity Foundation, the Indian healthcare sector is anticipated to reach USD 372 billion in 2022.

Challenges

  • High Cost of Breathalyzer
  • Concern for the Inaccuracy Rate of Breath Analyzer Devices
  • Lack of Hygiene in the Case of Multiple Use of Breath Analyzer Devices Simultaneously

The global breathalyzer market is segmented and analyzed for demand and supply by application into alcohol detection, drug abuse detection, and medical applications. Out of these, the alcohol detection segment is projected to witness growth at the highest rate during the forecast period owing to rise in the criminal cases such as violence after the consumption of alcohol and a surge in the number of people consuming alcohol. As per the data reported by World Health Organization in 2021, 30 per cent of women have been subjected to violence and one of the factors is the harmful use of alcohol. This is anticipated to spur the growth of the alcohol detection segment in the market.

Major Macro-Economic Indicators Impacting the Market Growth

Breathalyzer-Market-Growth

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Breathalyzer Market Regional Synopsis

Regionally, the global breathalyzer market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America region is estimated to witness noteworthy growth over the forecast period on the back of a highly advanced economy, increased awareness of road traffic safety, and rising instances of drunk driving. According to the National Highway Traffic Safety Administration, in the USA drunk drivers are responsible for about 30% of all road accidents. In 2020, 11,654 people lost their lives in these accidents.

Breathalyzer-Market-Analysis

The global breathalyzer market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global breathalyzer market includes the following segments: 

Breathalyzer-Market

Top Featured Companies Dominating the Global Breathalyzer Market

  • Lion Laboratories Limited
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
  • AK GlobalTech Corporation
  • Lifeloc Technologies, Inc.
  • BACtrack Breathalyzers /KHN Solutions Inc.
  • Quest Products, LLC
  • Andatech Pty Ltd
  • Alcolizer Pty Ltd
  • Bedfont Scientific Ltd
  • Abbott
  • AlcoPro, Inc.

 

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