Global Alcohol Testing Market: Overview
The global market for alcohol testing has expanded at a healthy clip and going forward is predicted to hold onto the momentum. This is because, alcohol testers that are used to find out if someone is under the effect of alcohol by scrutinizing samples of urine, hair, saliva, blood, breath, or sweat, will see widespread use on account of growing alcohol consumption worldwide.
The different types of tests deployed to find out the presence of alcohol, include blood drug test, hair drug test, sweat drug screening, urine drug test, saliva drug screening, and breathe alcohol test. The various equipment used for alcohol testing are infrared (IR) -based equipment, oral fluid testing devices, semi-conductor equipment, urine testing devices, fuel cell-based equipment, chromatography instruments, immunoassay analyzers, and hair-testing devices. On account of the stringent rules against drunken driving, oral fluid testing devices that can be deployed for alcohol testing at road terminals, are seeing swift uptake.
At present, the global market for alcohol testing is dominated by a handful of companies. Depending upon end users, the market is segmented into private sectors, hospitals, rehabilitation centers, and federal departments. A report by Transparency Market Research provides essential information on the market, assesses its size, and future prospects.
Global Alcohol Testing Market: Drivers and Restraints
While the main growth driver in the alcohol testing market is the massive increase in alcohol consumption worldwide, there are other factors too fuelling an uptick in demand. One of them is the burgeoning elderly population in whom an alcohol testing device can help detect the overdose of prescription drugs. Further, stringent government rules to thwart drunken driving that results in road accidents is another stimulant to the market.
Constant product enhancement leveraging new age sophisticated technologies has led to more effective, lightweight, and inexpensive devices hitting the market. This has spelt good news for the global alcohol testing market as well. Besides focus on product innovation by savvy players, another noticeable trend in the market is the increasing number of mergers and acquisitions.
Social apprehension associated with testing for alcohol, on the contrary, is crimping the growth in the market. At present, oral fluid testing devices, which are portable and can be used to test alcohol in every nook and cranny to arrest the problem of drunken driving, are witnessing maximum demand in the global alcohol testing market. Going forward, however, high precision IR-based testing equipment are predicted to grow at a swifter pace along with fuel cell-based equipment.
Global Alcohol Testing Market: Geographical Segmentation
Based on geography, the global market for alcohol testing can be divided into Western Europe, Eastern Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. North America, among them, is a market leader due to the host of strict rules and regulations associated with alcohol intake which has led to a massive demand for alcohol testers. North America is trailed by Europe in terms of market share. Asia Pacific and Middle East and Africa, on account of a rising young population and fast-expanding economies of India and China, are predicted to spell opportunities in the years ahead as well.
Global Alcohol Testing Market: Competitive Landscape
To gauge the competitive landscape in the global market for alcohol testing, the report profiles prominent companies such as Drägerwerk AG & Co. KGaA, Bio-Rad Laboratories, Alcolizer, Abbott Laboratories, AK Solutions, Quest Diagnostics, Roche Diagnostics, Lifeloc Technologies, MPD, and BACtrack. The report throws light on their key strategies, market shares, product portfolios, and possible growth trajectory in the next couple of years.
Major regions analyzed under this research report are:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.