North American Market Forecast
The North American breath analyzer market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the growing rate of drunk and drive cases. Majority of the college and high school students struggle with binge drinking in the region. Further, there are more than 15% of adults in the US who binge drink or struggle with an alcohol use problem, and they are the biggest risk category for drinking and driving. For instance, young people in the area regularly go to dinners or parties where alcohol is served, which tends to make drivers drunk, irresponsible, and unable to control their cars, which leads to accidents. Furthermore, there has been an increase in the awareness for alcohol use disorder treatment, that is anticipated to surge the market’s growth in the region. As per statistics, every day, more than 30 individuals in the United States die in accidents involving an alcohol-impaired driver.
APAC Market Statistics
The Asian Pacific breath analyzer market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the increase in alcohol consumption. Alcohol consumption has increased as a result of increased urbanization, accessibility, changes in its societal acceptance, female empowerment, increased incomes, and product developments. The consumption of alcohol has been widely accepted since it is occasionally drunk at social events, informal outings, and other occasions. During the holiday season, alcohol manufacturers are increasing production and distribution in order to boost sales and increase profits. For instance, many young people are increasingly mingling at restaurants, clubs, and bars, especially in cities. One of the factors for an increase in drinking in young people is issues with education, work stress, and disappointments. Furthermore, the alcohol business, together with rapid economic expansion that has increased earnings and reduced the price of alcohol, is fueling the rise in alcohol usage and binge drinking.
Author Credits: Radhika Pawar
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