LifeLoc Technologies Inc (LCTC)

[pdicamillo1]

The global breath analyzers market is estimated to grow at a CAGR of 26.3%:

http://www.satprnews.com/2018/01/30/breath-analyzers-market-by-technology-by-application-by-end-user-analysis-global-forecast-to-2019-healthcare-medical-devices-industries/

The global breath analyzers market is estimated to grow at a CAGR of 26.3% from 2014 to 2019, to reach $1.5 Billion by 2019 from $479.3 million in 2014. The market is driven by several factors such as increasing consumption of alcohol worldwide, and stringent law enforcement by various governments to curb drunken driving. Increasing alcohol consumption has led to a rise in the demand for BAC testing devices such as breath analyzers. In response, governments in specific countries have reduced the legal limit of blood alcohol concentration (BAC) and have increased field breath testing activities. Advancing technology, increased portability, and multiple applications of these devices are some of other factors expected to drive the market growth during the forecast period.

The breath analyzers market is highly fragmented with many small and large players. Companies in this market focus on growth strategies such as new product launches; agreements, partnerships, collaborations and joint ventures; expansions; acquisitions; marketing and promotion; and others (certifications, patents, grants, product approvals, and product deployments) to increase their customer base.
The major players in the global breath analyzers market include Drägerwerk AG & Co. KGaA (Germany), EnviteC-Wismar GmbH (Germany), Lifeloc Technologies (U.S.), BACtrack, Inc. (U.S.), Quest Products, Inc. (U.S.), Akers Biosciences, Inc. (U.S.), Intoximeter, Inc. (U.S.), AK GlobalTech corporation (U.S.), Alcohol Countermeasure Systems Corporation (Canada), among others.