Alcohol Breathalyzers and Drug Testing Equipment Market to Propel Owing to Strict Mandates Regarding Use in Transport, Construction, and Mining Sectors
Published On : Jan 18, 2016
As the cases of drug and alcohol abuse, drunk-driving, and the resulting accidents and casualties continue to rise at an alarming pace across the globe, government regulations with an aim to limit such cases are also becoming stricter with every passing day. These are the key drivers of the global alcohol breathalyzer and drug testing equipment market. As the name suggests, alcohol breathalyzers and drug testing equipment are the devices used for testing the level of intoxication in the blood caused by the consumption of alcohol and drugs.
The rising popularity of portable personal breathalyzers and the introduction of low-cost breathalyzers are also driving the market, especially in developing regions. However, the high prices of most of these products and fewer expansion opportunities for new entrants in developed regional markets are certain factors that will restrain the global alcohol breathalyzer and drug testing equipment market’s growth to a certain extent.
The global market for alcohol breathalyzers and drug testing equipment is expected to expand at a 7.8% CAGR over the period between 2015 and 2020, and reach US$10,037.7 mn by 2021 (market research report on global alcohol breathalyzer and drug testing equipment, Persistence Market Research).
High Accuracy of IR-based Breathalyzers Lead to their Increased Demand
A variety of alcohol breathalyzers and drug testing equipment, with varying levels of sophistication, have been introduced in the market in the past few years. Products such as IR-based breathalyzers, semiconductor-based breathalyzers, fuel cell-based breathalyzers, immunoassay analyzers, chromatography instruments, urine testing devices, oral fluid testing devices, and hair testing devices are highly popular in the market. End-use segments such as rehabilitation centers, federal departments, hospitals, and a variety of private sectors use these devices on a large scale.
Of the variety of equipment available in the market, IR-based devices find extensive use owing to their high rate of accuracy. As a result, this product segment is projected to expand at a healthy pace over the next few years. On the other hand, the segment of fuel cell-based breathalyzers is expected to remain the largest product segment until 2021, registering a 7.7% CAGR.
Of the key application areas of the global alcohol breathalyzers and drug testing equipment market, the segment of alcohol detection earns the majority of share of revenues for the market on a global level. The segment is also expected to expand at the fastest CAGR of 7.0%, until the year 2021, chiefly owing to the rising drunk-driving cases on a global front.
North America Leads but Asia Pacific Projected to Expand at Fastest Pace
The demand for alcohol breathalyzers and drug testing equipment is currently the largest in North America in the current scenario. By 2021, the alcohol breathalyzers and drug testing equipment market in North America is expected to account for a dominant 53.4% of the global market. However, the market is projected to rise at the fastest pace in Asia Pacific, at a 13.9% CAGR until 2021. This growth is expected to be driven by the strict mandates laid for the use of drug and alcohol testing equipment in the transport, construction, and mining sectors.
Some of the major companies operating in the global alcohol breathalyzers and drug testing equipment market are C4 Development Ltd., Drägerwerk AG & Co. KGaA, Lifeloc Technologies, Quest Products, Inc., Lion Laboratories Limited, Inc., Andatech Private Limited, BACtrack, Intoximeters, Inc., and Alere, Inc.
Browse Full Global Alcohol Breathalyzer and Drug Testing Equipment Market Research Report With Complete TOC @ http://www.persistencemarketresearch.com/market-research/alcohol-breathalyzer-drug-testing-equipment-market.asp