Wednesday, 24 February 2021

Alcohol Breathalyzer and Drug Testing Equipment Market Opportunity Analysis-2027

 

Global Alcohol Breathalyzer and Drug Testing Equipment Market: Drivers

Implementation of new laws that regulate road safety and drunk driving is expected to boost growth of the global Alcohol Breathalyzer and Drugs Testing Equipment Market over the forecast period. For instance, the government of Australia, implemented changes in Heavy Vehicle National Law (HVNL) Chain of Responsibility (CoR) Laws from mid-2018, which requires heavy vehicle industry to meet similar legal requirements to those common in Workplace Health & Safety in terms of heavy vehicles safety and compliance with road safety laws that include covering a full range of work practices and preventative measures such as ensuring worksite is free from the impacts of drugs and alcohol.

Alcohol and drug testing equipment are used in alcohol detection and drug detection. Some of the devices used for alcohol and drugs testing include, breathalyzer, intoxilyzer, alcosensor, and oral fluid testing device. These devices are used in various sectors such as hospitals, rehabilitation centers, federal departments, construction, transportation, and private sector.

Global Alcohol Breathalyzer and Drug Testing Equipment Market: Opportunities

Increasing development of portable alcohol breathalyzer devices is expected to offer lucrative growth opportunities for players in the global alcohol breathalyzer and drugs testing equipment market over the forecast period. For instance, in November 2019, researchers from University of Pittsburgh developed a portable and 3D printed marijuana breathalyzer.

* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/1760

Global Alcohol Breathalyzer and Drug Testing Equipment Market: Restraints

However, less opportunities for new entrants in developed markets is expected to hinder growth of the global alcohol breathalyzer and drugs testing equipment market. The market in North America and Europe is highly mature, with major players such as Drägerwerk AG accounting for major market share. Such scenario restricts entry of new entrants, thereby hampering the market growth to a certain extent.

Key Takeaways:

The market in North America was valued at US$ 4,139.8 Mn in 2018 and is expected to reach US$ 7,307.1 Mn by 2027 at a CAGR of 6.3% during the forecast period.     

Increasing number of drunk and drive cases and drug addiction is expected to boost growth of the market in North America. For instance, according to 2018 Fatal Motor Vehicle Crashes: Overview by National Highway Traffic Safety Administration in 2018, alcohol impaired driving fatalities accounted for 29% of all road fatalities in the U.S.    The Alcohol Detection segment held dominant position in the global alcohol breathalyzer and drugs testing equipment market in 2018, accounting for 69.3% share in terms of value, followed by drug detection segment. The growth of the segment is attributed to increasing product launches during the forecast period The Federal Departments segment held dominant position in the global alcohol breathalyzer and drugs testing equipment market in 2018, accounting for 43.8% share in terms of value, followed by private sector, hospitals, and rehabilitation centers respectively. The growth of the segment is attributed to increasing drug abuse incidences and increasing number of drunk and drive cases and globally.

Browse Research Report: https://www.coherentmarketinsights.com/market-insight/alcohol-breathalyzer-and-drug-testing-equipment-market-1760

Market Trends

Increasing consumption of alcohol is expected to boost growth of the global alcohol breathalyzer and drugs testing equipment market. For instance, according to The International Wine and Spirit Research (IWSR), the U.S. consumed 3.345 billion 9-liter cases of alcohol in 2018. Moreover, increasing expenditure on road safety is also expected to boost the market growth. For instance, in December 2019, Ministry of Justice, Consumer Affairs and Road Safety, Australia, announced the allocation of over US$ 300,000 across seven organizations through the 2019 ACT Road Safety Community Grants Program.

Regulations

An Australian/New Zealand Drug testing standard (AS/NZS 4308:2008) offers guidance on the most common classes of drugs to be tested in urine. The Australian Standard (AS 4308) was the world's first national standard for medicolegal drug testing. It is designed to ensure the standardization of procedures for specimen collection and the detection of drugs of abuse.

Global Alcohol Breathalyzer and Drugs Testing Equipment Market: Competitive Landscape

Major players operating in the global alcohol breathalyzer and drugs testing equipment market include, Drägerwerk AG & Co. KGaA, Lion Laboratories, Lifeloc Technologies, Intoximeters, Andatech Private Limited, BACtrack, Quest Products, Inc., Alere, and C4 Development Ltd.

Key Developments

In February 2018, Soberlink, the leader in mobile breath alcohol detection technology, announced its ongoing support of eight newly adopted principles for the treatment of alcohol addiction. In July 2019, Soberlink launched Soberlink Connect Device --- a alcohol monitoring technology device that can pair with Apple or Android phone or tablet.

Buy-Now this research report: https://www.coherentmarketinsights.com/insight/buy-now/1760

About Coherent Market Insights:            

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

mailto:sales@coherentmarketinsights.com

U.S. Office:

Name:  Mr. Shah

Coherent Market Insights 1001 4th Ave,

# 3200 Seattle, WA 98154, U.S.

US :  +1-206-701-6702

UK :  +44-020-8133-4027

JAPAN :  +050-5539-1737


No comments:

Post a Comment