Uploaded on Jan 21, 2022
Advent of new technologies such as alternative light photography, ballistic photography and DNA sequencer and rise in incidence of crime are the key factors that drive the market growth. In addition, rise in government initiatives to support forensic research such as funding availability are anticipated to fuel the demand for forensic technologies globally. However, lack of results obtained from these technologies restrict the market growth.
Forensic Technology Market Higher Mortality Rates by 2026
Best Research Report on Forensic
Technology Market May See a Big Move
by 2026 Covid-19 Analysis | CAGR 13.4%
Forensic Technology Market by Product (DNA Testing, Biometric Devices, Digital Forensics, and Ballistic Forensics), Service
(DNA Profiling, Fingerprinting Analysis, Drug Analysis, and Firearm Analysis) - Global Opportunity Analysis and Industry
Forecast, 2018-2026
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Overview
According to a new report published by Allied Market
Research, titled, "Forensic Technology Market by Product
and Service: Global Opportunity Analysis and Industry
Forecast, 2014-2022," the global forensic technology market
was valued at $9,458 million in 2015, and is projected to
reach $22,905 million by 2023, growing at a CAGR of 13.4%
from 2017 to 2023. Biometric devices segment held more
than one-third share of the total market in 2016.
Forensic technology involves the use of data/sample
collected from the crime scene. The market has witnessed
significant growth in the recent past due to development of
new types of technologies to solve crimes.
Segments
In terms of revenue, the global surgical robotics market is
segmented on the basis of Product, Service and End User.
By Product- Biometric devices accounted for nearly two-
fifths share of the global forensic technologies market by
product in 2016. Extensive analysis is conducted by closely
following key product positioning and monitoring the top
contenders within the market framework.
By Service - The drug analysis service segment generated
the maximum revenue, accounting for more than one-fourth
of the global forensic technology market in 2016. However,
DNA profiling segment is estimated to exhibit the highest
growth rate of 17.1% during the forecast period.
Geography
North America dominated the Forensic technology
market. The market growth in North America is
primarily a reflection of product innovations and
launches resulting from technological advancements.
The companies mostly adopted product launch,
acquisition, and expansion as their key strategies to
keep pace with the changing demands of consumers
and strengthen their market position.
Key Market Players
The key players operating in the global Forensic technology market are
• 3M Company,
• Agilent Technologies Inc.,
• Belkasoft,
• Eurofins Medigenomix Forensik GmbH,
• GE Healthcare,
• LGC Limited,
• MorphoTrust USA,
• NMS Labs,
• Thermo Fisher Scientific Inc.,
• Ultra Electronics Holdings plc.
• An in-depth market analysis includes analysis of various
regions, which is anticipated to provide a detailed
Key Findings of the understanding of the current trends to enable
stakeholders formulate region-specific plans.
Forensic technology • A comprehensive analysis of factors that drive and
market: restrain the growth of the global is provided.
• The projections in this report are made by analyzing the
current trends and future market potential from 2021 to
2030, in terms of value.
Find out more at the Allied Market Report store
https://www.alliedmarketresearch.com/forensic-technology-market
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