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The anticipated growth of Breathalyzers to be used in the cannabis market is estimated to open up the new avenue for Breathalyzers Market

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Gauri Cmi
The anticipated growth of Breathalyzers to be used in the cannabis market is estimated to open up the new avenue for Breathalyzers Market


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 small handheld or portable devices that can help determine the alcohol content in a person's breath. They work on the principle that the alcohol concentration in the breath indicates the level of alcohol in the blood. Breathalyzers are commonly used by law enforcement agencies during traffic stops to check if a driver has consumed illegal levels of alcohol. They are also used by employers to test employees for recent alcohol or drug use. With legalization and decriminalization of cannabis in various parts of the world, breathalyzers capable of detecting recent cannabis use are gaining traction.

Market Dynamics:

The two major drivers fueling the growth of the breathalyzers market are stricter drunk driving laws and testing regulations imposed by governments and employers. First, over the years, governments worldwide have strengthened penalties and punishments for driving under the influence, which has increased the adoption of breathalyzers by law enforcement agencies. Second, more companies are opting for drug and alcohol screening programs for employees to reduce healthcare costs and improve workplace safety and productivity. This is driving demand for portable and handheld breathalyzers in industries such as transportation, oil & gas, construction, etc. However, presence of alternative drug detection methods such as saliva and urine testing poses a challenge for widespread adoption of breathalyzers. Ongoing innovations to develop multi-drug breathalyzers are expected to further augment the market growth during the forecast period.

Segment Analysis

The  Global Breathalyzers Market is dominated by the handheld segment owing to its portability and ease of use. Handheld breathalyzers are compact, affordable devices that can easily be carried in a pocket or glove compartment. Their lightweight and easy-to-use nature has made them preferable over other devices especially for law enforcement agencies on field duty.

PEST Analysis

Political: stricter drunk driving laws across many countries have increased demand for breathalyzers from law enforcement agencies for faster and reliable testing. Economic: rising disposable incomes in developing nations have boosted sales of personal use breathalyzers. Social: growing health awareness about risks of drunk driving and drinking is encouraging self-testing with breathalyzers. Technological: new devices offer advanced features like Bluetooth connectivity and fuel cell sensor technology for precise blood alcohol concentration detection.

Key Takeaways

The global Breathalyzers market is expected to witness high growth, exhibiting 18% CAGR over the forecast period 2023 to 2030, due to increasing strict drunk driving laws. The market size for 2023 is estimated at US$ 10.6 Bn.

Regional analysis: North America dominates the global market currently owing to strict BAC limits and fines for drunk driving offenses in the US and Canada. The Asia Pacific region is expected to be the fastest growing market in the coming years led by counties like China and India where growing awareness and disposable incomes are driving adoption.

Key players: 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.

 

Read More: https://www.rapidwebwire.com/breathanlyzers-market-scope


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