Global Forensic Technologies Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Forensic Technologies Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global forensic technologies market report has been segmented as per product type, service, technology type, and region.
Global Forensic Technologies Market: Overview
Forensic technology is used for identification, interpretation, and investigation of facts and evidences from the crime location. Forensic technologies provide reliable and effective results that assist to solve many crime cases. Forensic technology includes various methods such as rapid DNA analysis, capillary electrophoresis, next-generation sequencing, automated liquid handling technology, microarrays etc. that helps to collect various evidence and samples in various crime cases.
Global Forensic Technologies Market: Dynamics
Increasing violent crimes cases and rising critical level of various crime cases across the globe are major factors driving growth of the target market over the forecast period. In addition, growing demand for forensic technologies in medicine, telecommunication, and banking industries across the globe is another key factor expected to support growth of the target market.
Growing national and international robbery, murder, homicide, and rape cases resulting in increasing demand for forensic technologies across the globe is another key factor expected to boost growth of the global forensic technologies market. In addition, rising terrorist attacks on many countries across the globe is other factor expected to fuel growth of the global market during the forecast period.
Increasing collaborations and strategic initiatives among various forensic technology organizations to improve current technologies and develop new technologies is supporting growth of the target market.
Furthermore, increasing government support and funding for development and adoption of various advanced forensic technologies such as DNA testing, fingerprint analysis in many countries is expected to propel growth of the global market in the next 10 years.
However, key factors hampering growth of the target market includes high cost associated with forensic technologies and lack of highly skilled and trained individuals across the globe to handle this technology.
Global Forensic Technologies Market: Segment Analysis
Increasing fire debris analysis, toxicology studies, serology, bloodstain pattern analysis, analysis of trace evidence, and alcohol testing across the globe is a key factor driving revenue growth of the chemical analysis segment among the service segment.
Among the technology type, the capillary electrophoresis segment is expected to dominate in the global forensic technologies market, owing to various benefits offered by this technique such as online detection, reduced cross-contamination risk, and rapid analysis.
Global Forensic Technologies Market: Region Analysis
Market in North America is expected to account for major share in terms of revenue, owing to rise in number of crime rate and well developed forensic organizations in this region. Market in Asia Pacific expected to witness significant growth in the global market, owing to increasing criminal activities and multiple unsolved criminal cases in countries in the region. Markets in Latin America, Europe, and Middle East & Africa are expected to witness average growth in terms of revenue, owing to rising awareness about several forensic technologies in countries such as Germany, France, Saudi Arabia, and Brazil in these regions.
Global Forensic Technologies Market Segmentation:
Segmentation by product type:
- Biometric Devices
- DNA Testing
- Digital Forensics
- Ballistic Forensics
Segmentation by service:
- Fingerprint or Biometric Analysis
- DNA Profiling
- Chemical analysis
- Firearm Analysis
Segmentation by technology type:
- Capillary Electrophoresis
- Polymerase Chain Reaction (PCR)
- Rapid DNA Analysis
- Next-Generation Sequencing (NGS)
- Others (Microarrays and Automated Liquid Handling Technology)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- SPEX Forensics, Inc.
- Thermo Fisher Scientific Inc.
- Agilent Technologies, Inc.
- LGC Limited
- GE Healthcare Inc.
- Everlert, Inc.
- NMS Labs, Inc.
- AB Sciex LLC
- Eurofins Medigenomix GmbH
- Technology Pathways, LLC
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