Hydrogen Breath Test Analyzer Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026
Leeds, UK -- (SBWire) -- 07/11/2019 --Global Hydrogen Breath Test Analyzer Market is estimated to value over USD 37 Million by 2029 end and register a CAGR of over 3.5% during the forecast period, 2019 to 2029.
There are various non-invasive methods of diagnosing different metabolic disorders and breath testing is one of them. It performs diagnosis by analysis of various gases present in a patient's breath. In order to investigate morbid physiology of metabolic gastrointestinal ailments, hydrogen breath test is primarily used. Some of the major disorders that can be detected through this test are carbohydrate malabsorption and small intestinal bacterial overgrowth (SIBO).
There has been a rising prevalence of gastrointestinal disorders like SIBO and carbohydrate malabsorption which is a driving factor for global market growth. Furthermore, technological advancements in the evolution of electrochemical sensors in determining the hydrogen concentration in the exhaled air is also driving the market further.
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Insights on Global Hydrogen Breath Test Analyzer Market:
1. By Region
- North America
- Asia Pacific
- Latin America
North America region dominates the market with a share of approximately 36%. It is predicted to hold the major share of the market during the forecast period as well. One of the primary reasons for this market to thrive in this region is the rising prevalence of gastrointestinal disorders due to an unhealthy diet and sedentary lifestyle. Additionally, key market players like Helius Ltd., MD Diagnostics Ltd. and Metabolic Solutions Inc. are based in this region which further cements the market position of this region.
European region holds approximately 33% of the total market share and it is anticipated to acquire further more share of the market during the forecast period owing to a noteworthy rise in patients who are diagnosed with SIBO disorder and collaborations between medical device manufacturers and academic research in order to develop breath analyzers with excellent ergonomic features.
Asia Pacific is a fast-growing region and with a 10% market share that it holds currently, it is anticipated that the market on the region will grow at a high CAGR during the forecast period. The reason for this market growth is the rising awareness regarding gastrointestinal disorders and various methods to prevent them. Besides, there is a rising prevalence of lactose malabsorption which is an important driving factor for market growth
2. By Product Type
- Portable Hydrogen Breath Analyzer
- Handheld Hydrogen Breath Analyzer
Portable hydrogen breath analyzer segment dominates the global market due to its exceptional ergonomic design and the admiration it receives from gastroenterologist as a result.
3. By Sensor Type
- Electrochemical Sensor
- Solid State Sensor
Electrochemical sensors dominate this market segment and the recognition for this dominance primarily goes to the 'breathprints' that contain chemical markers, high sensitivity, precision, excellent repeatability and most importantly, low power consumption.
However, solid-state sensors are slowly gaining popularity owing to its non-intrusive nature of measuring gas from the breath that is exhaled. Therefore, this market segment is predicted to gain traction gradually during the forecast period.
4. By End User
- Pediatric Clinics
- Outpatient Centers
- Diagnostic Laboratories
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Hospital segment dominates this market due to the advanced infrastructure that hospitals offer. Additionally, the advent of multispecialty hospitals has opened numerous opportunities for the market to grow on a larger scale.
- Quintron Instruments Co. Inc.
- MD Diagnostics Ltd.
- Bedfont Scientific Ltd.
- Metabolic Solutions Inc.
The H2 check of MD diagnostics Ltd. Is used for carbohydrate or sugar malabsorption and it provides results in parts per million with a simple re-breathing technique. One of the driving factors that can help H2 check gain popularity is its compactness and the rapid rate of providing results without conducting any complex procedures.
Quintron Co. has introduced the breath tracker series in place of its microlyzer instruments and these are lightweight, smaller, faster and easy to operate. This will positively be helpful for Quintron Co. to strengthen its market position.
? Tier 1 players- established companies in the market with a major market share
? Tier 2 players
? Emerging players which are growing rapidly
? New Entrants
FutureWise Key Takeaways:
- Growth prospects
- SWOT analysis
- Key trends
- Key data-points affecting market growth
Objectives of the Study:
- To provide with an exhaustive analysis on the global hydrogen breath test analyzer market by region, by product type, by sensor type, by end user
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific and Latin America
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
- Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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