by The Breathalyzers Market is estimated to be valued at US$ 10.6 Bn in 2023 and is expected to exhibit a CAGR of 18.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Breathalyzers are medical devices used for the detection and quantification of alcohol consumption through a breath sample. There are different types of breathalyzers such as fuel cell, semiconductor, and infrared based breathalyzers. These devices help determine the blood alcohol concentration (BAC) level in the breath. Breathalyzers have applications in law enforcement to determine drunk driving, employee drug testing, and individual alcohol consumption monitoring.
Market key trends:
One of the major trends in the breathalyzers market is the rising demand for self-testing devices. These are portable devices that allow individuals to monitor their alcohol levels privately, without the need for a professional technician or law enforcement official. Self-testing breathalyzers are gaining popularity as they provide discretion and convenience. Major players are focused on launching innovative home use and mobile breathalyzers to capitalize on the growing demand. For instance, in 2021, Cannabix Technologies Inc. launched a breath training mode in its breathalyzer to facilitate self-testing. Such developments are expected to support the market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: Global Breathalyzers Market requires high R&D investment and has strict regulations which act as entry barriers for new players. Bargaining power of buyers: Individual consumers have low bargaining power due to availability of variety of product options at different price ranges. However, large volume buyers like law enforcement agencies have significant bargaining power. Bargaining power of suppliers: The breathalyzers market has a concentration of suppliers with specialized components and technologies. This gives existing suppliers significant bargaining power. Threat of new substitutes: There are limited product substitutes for breathalyzers. Other options for alcohol detection like blood tests are more invasive. This reduces threat from substitutes. Competitive rivalry: The breathalyzers market has the presence of few global players with proprietary technologies. Intense competition exists in terms of product quality, pricing and service.
SWOT Analysis
Strengths: Advanced technologies to detect presence of alcohol, Portability of devices, Non-invasive usage.
Weaknesses: Expensive instruments require maintenance, Scope of errors needs improvement, Dependence on trained professionals for operation.
Opportunities: Innovation of wireless connectivity versions, Integration of devices in vehicles, Development of markets in emerging nations.
Threats: Presence of cheaper alternatives, Stringent safety regulations delay products, Speed of development of alternative detection methods.
Key Takeaways
The global breathalyzers market size is expected to grow at a CAGR of 18% over the forecast period due to stringent drunk driving laws across regions. North America currently dominates the market due to high alcohol consumption and favorable government initiatives to curb drink driving cases.
The breathalyzers market in Europe is expected to grow rapidly propelled by increasing drunk driving accidents and focus of government organizations on road safety. European Union has set stringent regulatory standards for manufacturing and usage of breathalyzers.
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. Leading players are focusing on innovations in breathalyzer technology for advancement and new geographic expansions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
