The report forecasts the global e-Nose market to grow at a CAGR of 2.07% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend influencing market growth is the adoption of MEMS sensors in e-noses. Most of the form factors in which an e-nose is present today are quite bulky and heavy. This is primarily because of the big sizes of sensors used in the devices. These sensors should be able to detect a wide range of odors. There has been considerable development in developing miniaturized versions of e-noses with the help of micro-electro-mechanical (MEMS) sensors. MEMS sensors have been able to address the challenges of different other sensors used in e-noses, thereby allowing the use of e-noses for a much larger range of applications through miniaturization.
According to the report, a key growth driver is the ability to perform non-invasive diagnostics. In such cases, an e-nose can be used as the first level of diagnosis to determine if a patient has a particular ailment or not. E-nose manufacturers have touted the device as an indispensable supplementary tool for physicians.
Further, the report states that one challenge that could hamper market growth is the cost of e-noses.