Persistence Market Research

Global Alcohol Breathalyzer and Drug Testing Equipment Market - Drugs Abuse Driving the Growth of the Global Alcohol Breathalyzer and Drugs Testing Equipment Market

The growth of the global alcohol breathalyzer and drug testing equipment market is primarily driven by increasing alcohol and drug abuse cases and stringent government regulations for the same.

 

New York, NY -- (SBWIRE) -- 03/03/2016 -- The latest market report published by Persistence Market Research is titled 'Global Market Study on Alcohol Breathalyzer and Drug Testing Equipment: Increasing demand for personal Portable Alcohol Breathalyzer to drive the market during the forecast period'. According to this report, the global alcohol breathalyzer and drug testing equipment market will expand at a CAGR of 7.8% during the forecast period, 2015-2021.

Alcohol and drug testing equipment are used to test intoxication levels caused by alcohol and drug consumption. Breathalyzers, urine testing devices, oral testing devices, hair testing devices, immunoassay analyzers, and chromatography instruments are widely used for testing alcohol and drug content in people. On the basis of equipment, the market has been segmented into semi-conductor based breathalyzer, infrared (IR) based breathalyzer, fuel cell based breathalyzer, immunoassay analyzers, chromatography instruments, oral fluid testing devices, urine testing devices, and hair testing devices. On the basis of application, the market has been segmented into drugs detection and alcohol detection. On the basis of end users, the market has been segmented into federal departments, hospitals, rehabilitation centers, and private sectors.

In terms of value, the global alcohol breathalyzer, and drug testing equipment market is projected to expand at a CAGR of 7.8% during the forecast period. The global alcohol breathalyzer and drug testing equipment market value are expected to increase to US$ 10,037.7 million by the end of 2021.

The growth of the global alcohol breathalyzer and drug testing equipment market is primarily driven by increasing alcohol and drug abuse cases and stringent government regulations for the same. Also, increasing popularity and demand for personal breathalyzers and an emergence of low-cost alcohol breathalyzers in developing economies is expected to drive this market during the forecast period.

However, high price points and fewer opportunities for new market players in developed regions are factors restraining market growth and might obstruct the development and growth of the overall alcohol breathalyzer and drug testing equipment market.

On the basis of equipment, the market has been segmented into semi-conductor based breathalyzer, IR based breathalyzer, fuel cell based breathalyzer, immunoassay analyzers, chromatography instruments, oral fluid testing devices, urine testing devices, and hair testing devices. The IR based breathalyzer is used extensively, due to its high degree of accuracy. Thus, this segment is expected to witness healthy growth during the forecast period. Fuel cell based breathalyzer is expected to remain the largest segment during the forecast period from 2014 to 2021, registering the highest CAGR of 7.7% during the forecast period.

On the basis of application, the market has been segmented into drugs detection and alcohol detection. Alcohol detection is expected to register the highest CAGR of 7.9% during the forecast period. An increasing number of drunk driving cases are expected to drive the demand for alcohol detection equipment during the forecast period.

Interested in report: Please follow the below the links to meet your requirements; Request for the Report Sample: http://www.persistencemarketresearch.com/samples/3377

The market has been segmented into five major regions namely North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa (MEA). In terms of value, North America is expected to dominate the market with 53.4% market share by 2020. Asia-Pacific is projected to be the fastest-growing market, registering a CAGR of 13.9% in terms of value during the forecast period. Factors such as mandatory usage of drugs and alcohol testing equipment in mining, transport and construction sectors are expected to propel the growth of the alcohol breathalyzer and drug testing equipment market in Asia-Pacific.

View TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/toc/3377

Key companies covered in this report include Dr├Ągerwerk AG & Co. KGaA, Lion Laboratories Limited, Lifeloc Technologies, Inc., Intoximeters, Inc., Andatech Private Limited, BACtrack, Quest Products, Inc., Alere, Inc., and C4 Development Ltd. These companies are focussed on strengthening their market position in the long term and enhancing product portfolios by introducing innovative and cost-effective products.

For more Info: http://www.persistencemarketresearch.com/contact-us.asp

About Persistence Market Research
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.