Breathalyzer Market Size Projected to Surge $9.66 Billion Growth by 2033, Exhibit a CAGR of 16.94% [Yahoo! Finance]
LIFELOC TECHNOLOGIES INC (LCTC)
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Source: Yahoo! Finance
This market growth is also fueled by the rising trend of health and wellness, as individuals seek tools to monitor their alcohol consumption. Newark, July 31, 2024 (GLOBE NEWSWIRE) -- As per the report published by The Brainy Insights, the global Breathalyzer market is expected to grow from USD 2.02 Billion in 2023 to USD 9.66 Billion by 2033, at a CAGR of 16.94% during the forecast period 2024-2033. The demand is growing due to its broad use in alcohol detection. There are tremendous advancements in technology, and hence, there are improvements in sensor accuracy, connectivity, and portability. Modern breathalyzers generally consist of fuel cell technology that offers highly accurate readings and decreases the chances of false positiveness compared to older semiconductor models. Also, adding digital capabilities helps these devices connect with smartphones and other digital platforms, leading to real-time data tracking and sharing. Download Report Sample (230+ Pages PDF with In
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- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- LCTC's page on the SEC website