Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- According to a recent report published by Transparency Market Research (TMR), the breath analyzers Market was worth US$402 million in 2012. The market is estimated to grow at 41.3% CAGR during 2013 to 2019 and reach an expected value of US$4,518 million in 2019. The report is titled "Breath Analyzers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019".
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In the research report, the breath analyzers market is analyzed on three fronts: Technology, application, and geography.The breath analyzers market, by technology, is classified into semiconductor oxide sensor technology market, fuel cell technology market, and infrared absorption technology market. At present, fuel cell technology holds the largest market share of the breath analyzers market. The development in this segment has been credited to a number of factors such as reliability, accuracy, and portability of the devices. This is followed by infrared absorption technology, which is mostly appropriate for desktop machines for evidential breath analyzers.
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On the basis of applications, the breath analyzers market is divided into alcohol detection market, asthma detection market, drug abuse detection market, pylori infection detection market, tuberculosis detection market, and others. Tuberculosis detection is estimated to experience a considerable growth and appear as the fastest growing category during the 2013 to 2019. The development in this category is because of the increasing incidences of tuberculosis and rising demand for quick and non invasive screening devices.
Geographically, the breath analyzers market is categorized into North American market, European market, Asia Pacific market, and the breath analyzers market for Rest of the World. North America held the largest breath analyzers market share in the year 2012. The presence of a huge population base, which is addicted to excessive alcohol consumption that resulted in rigorous government policies mandating the practice of alcohol testing devices at work places, is the reason behind the dominance of this region in breath analyzers market.
North America is followed by Asia Pacific and Europe. The Asia Pacific region is estimated to register the highest growth during 2013 to 2019. The rise in demand for breath analyzers in Asia Pacific is expected due to the change in lifestyle, increase in disposable incomes, and growth in felonies happened because of drunk driving. Similarly, increase in demand for advanced medical and healthcare services for early detection of asthma, tuberculosis, and other disorders have boosted the growth of the breath analyzers market in Asian nations.
Some of the key players of the global breath analyzers market are Dragerwerk AG & Co, Alcohol Countermeasure Systems, Inc., Intoximeters, Inc., Quest Products, and Lifeloc Technologies, Inc.
This report on the breath analyzers market presents a detailed study of the global market and helps in understanding the driving forces accountable for the growth of this market.
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Source:Transparency Market Research