Electronic nose is a device that collects data from the surrounding and then processes the data with the help of sensors that are built in the device. The application area of electronic nose in healthcare sector includes diagnostics, immunology, pathology, patient recovery, pharmacology, physical therapy, physiology, preventative medicine, remote healthcare, and wound and graft healing. Electronic nose has been used in a variety of commercial agricultural-related industries, including biochemical processing, botany, cell culture, plant cultivar selections, environmental monitoring, horticulture, pesticide detection, plant physiology, and pathology.
Various healthcare professionals and settings are increasingly adopting advanced technologies for diagnosing health of humans and this is expected to provide conducive environment of growth of the global electronic nose market. Increasing number of cases related to misdiagnosis have resulted in loss of human lives. For instance, according to the Institute of Natural Healing (INH), May 2017, every year 12 million people are misdiagnosed from which 10% of people die every year. Hence, electronic-noses will be ideal instruments for diagnosing health of human as it generates rapid and accurate results, which in turn helps doctors to diagnosis the patients accurately. These electronic nose will help doctors to improve their diagnosis, which in turn minimizes loss of human lives due to misdiagnosis. Therefore, this factor is expected to aid in growth of the market over the forecast period.
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Increasing consumption of electric nose in food & beverage industry is accelerating global market growth
Growing concern for health is one of the major driving factors for growth of the market. Thus, demand for e-nose is expected to increase for application in the food and beverages (F&B) industry, in order to improve the quality of the foods, which in turn helps in decreasing diseases caused by food contamination. For instance, according to the Centers for Disease Control and Prevention (CDC), each year 48 million people get sick from food borne diseases in which 3,000 die every year. This electronic nose consist of sensors, which have ability to determine presence or absence of contaminants and related chemicals. Therefore, this electronic nose is used throughout food manufacturing process in order to maintain the quality of food. Hence, this factor helps in propelling growth of the market. Moreover, it is used by food inspectors, in order to identify freshness of the food products and it also helps in separating spoilt food from fresh food. Thus, this is expected to aid food and quality inspectors to provide certification to food manufacturers after checking the quality of food.
Cost of electric nose hampering global market growth
Major factor hampering growth of the market is the cost of electronic nose, which is very high. Owing to high prices of sensors incorporated in electronic nose, cost of the total product is high. Moreover, once the sensors get damaged, the cost of replacement is also high. This factor is expected to negatively affect growth of the market.
Major players operating in the global electronic nose market are Alpha MOS, Odotech, E-nose Pty, The E-nose Company, Electronic Sensor Technology, Scent Science Corporation, Airsense Analytics GmbH, Scentsational Technologies, and Scensive Technology. Major players in the market such as Alpha MOS are gaining competitive edge by adopting new product development strategy. For instance, in July 2017, Alpha MOS launched HERACLES Neo electronic nose. This electronic nose includes AroChemBase software module, which helps in identifying and characterizing the chemical molecules after analyzing the smell. This software includes advanced search capabilities for analysis of the smell.
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