Breathalyzer Market Revenue Surge to USD 1070.01 Million by 2026
According to the report, The global breathalyzer market in 2019 was approximately USD 645.1 Million. The market is expected to grow at a CAGR of 7.5% and is anticipated to reach around USD 1070.01 Million by 2026.
Breathalyzer is a tool to measure the blood alcohol concentration of the breath sample. This system is commonly used by different industries for the monitoring of alcohol and substance addiction. Breathalyzer gives fast and accurate blood alcohol content. These devices are portable and easy to use. Ongoing COVID-19 pandemic has severely affected to the demand patterns in the global Breathalyzer industry. The lockdown situation in many leading countries also affected the supply of raw materials. Key manufacturers are also facing issues to run their facilities and operate at full capacity.
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The global breathalyzer industry is expected to provide potential opportunities to manufacturers, vendors, and customers across the globe. The sudden rise of the COVID-19 pandemic level has severely impacted the demand patterns of the breathalyzer. Increasing technological advancements, coupled with government regulations stringent associated with alcohol testing during driving or in workplaces are some among the major factors expected to boost the growth of the target market. Additionally, government initiations related to alcohol testing and increasing alcohol abuse are creating demand for the global market. However, accuracy issues related to alcohol testing are expected to hamper the growth of the target market.
The global breathalyzer market is segmented on the basis of technology, application, distribution channel, and end-user. On the basis of technology, the global market is categorized as Fuel cell testers, semiconductor oxide-based testers, and spectrophotometer testers. Based on the application segment the global market is divided into alcohol detection, drug abuse detection, and medical applications. By Distribution Channel the global market is segregated as an online store and offline store. The global market can be divided into hospitals, security agencies, private sectors, rehabilitation centers, and others based on the end-user segment.
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Some of the essential players operating in the breathalyzer market, but not restricted to include Breathalyzer.net, Alcolizer, Intoximeters, Alcolock, DriveSafe, Lifeloc Technologies, AlcoHawk, Quest Products, and BACtrack. Major companies in the global breathalyzer market are trying to focus on the inorganic business strategies including launches of innovative products along with strategic partnerships.
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