The breath analyzer market was valued at $284.6 million in 2011 and has been forecast to reach a total market value of $3.2 billion by 2018.
A breath analyzer is a device for estimating blood alcohol content (BAC) from a breath sample. In the US, alcohol plays a part in half the automobile fatalities and nearly half of all industrial accidents.
Growth within the breath analyzer market will come in large part from the development of a new market for breath analysis as a healthcare diagnostic tool.
Furthermore, a demand for effective detection of alcohol impairment or blood alcohol content (BAC) level in individuals at workplaces is increasing, along with the regulatory impetus offered by acts such as the Drug-Free Workplace Act of 1988 in the US, which means the breath analyzer market receives a boost.
Europe and the US account for a lion's share of the global breath analyzer market revenues, while healthcare represents the fastest growing end-use segment for breath analyzers, recording a compound annual growth rate (CAGR) of 26%.
The rise in vehicle population in developing countries such as China and India, as a result of rising GDP, standards of living, and disposable incomes, is resulting in increased instances of offences such as drunk driving, which in turn leads to a boom in the breath analyzer market.
For more information on the breath analyzer market, see the latest research: Breath Analyzer Market Report
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