Forensic Technologies Market
                     Forensic Technologies Market: Introduction
According to the report, the global forensic technologies market was valued at US$ 51.6 Bn in
2020  and  is  projected  to  expand  at  a  CAGR  of  13.2%  from  2021  to  2028.  The  forensic
technology refers to the scientific system of searching, investigating, retrieving, and analyzing
the evidence gathered from the site of crime. Several procedures and equipment, such as data
examination and charting tools, closed circuit televisions (CCTV), record management systems
(RMS), license plate recognition (LPR) systems and DNA confirmation equipment, are utilized to
conduct forensic investigations.
Advanced technologies, including alternative light photography, which utilize blue and orange
light filters to measure the extent of damage on the skin, along with facial reconstruction and
drug testing, are widely used as a part of forensic investigation.
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Increase in Crime Rate Drives Global Market
The rise in crime rates is one of the major factors fueling the growth of the global forensic
technologies market. The sophistication and finesse in the crimes committed are responsible
for high demand for advanced forensic technologies for investigating and solving cases across
various industries, including banking, healthcare, and telecommunications. The surge in cases
of cybercrimes has provided a major boost to digital forensic technologies, which are utilized to
respond to incidents of procurement fraud, white-collar crimes, and IP infringement.
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Chemical Analysis Segment to Dominate Global Market
In  terms  of  service,  the  global  forensic  technologies  market  has  been  classified  into  DNA
profiling,  biometric  or  fingerprint  analysis,  chemical  analysis,  firearm  analysis,  and  others
(computer forensics, network forensics, and cloud forensics). The DNA profiling segment has
been split into PCR, Y-STR, RFLP, and mitochondrial DNA. The chemical analysis segment has
been bifurcated into mass spectrometry and chromatography spectroscopy.
The  chemical  analysis  segment  accounted  for  the  largest  share  of  the  global  forensic
technologies market in 2020. This can be attributed to recent technological advancements, such
as GC/MS system for analysis of drugs or toxicology. The DNA analysis segment is anticipated to
expand at a better-than-average CAGR during the forecast period, owing to its ability to provide
accurate and efficient results in short period of time at low cost. The Y-STR sub-segment is
expected to grow at a rapid pace during the forecast period.
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Laboratory Forensics Segment to Lead Global Market
Based on location, the global forensic technologies market has been bifurcated into laboratory
forensics (LIMS) and portable forensics (FaaS). The laboratory forensics segment accounted for
considerable share of the global forensic technologies market in 2020. This can be attributed to
effective and efficient results in laboratory settings, as samples can be analyzed without any
contamination (most of the pieces of evidence at a crime scene tend to be contaminated).
Moreover,  technological  advancements  (adoption  of  laboratory  information  management
system (LIMS) software to perform multiple tasks at a time) in laboratory settings are expected
to augment the segment during the forecast period.
North America to be Key Market for Forensic Technologies
In terms of region, the global  forensic technologies market has been segmented into North
America,  Europe,  Asia  Pacific,  Latin  America,  and  Middle  East  &  Africa.  North  America
dominated the global forensic technologies market in 2020, followed by Europe. The adoption
of forensics by private companies and law enforcement agencies in various industries, including
healthcare, has increased in North America. This can be ascribed to the region's large market
share.  The  development  of  sophisticated  and  assistive  healthcare  infrastructure  has  led  to
improvement in the efficiency of forensic studies. This is projected to boost the growth of the
market in North America.
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Competition Landscape
The  global  forensic  technologies  market  is  fragmented in  terms of  number  of  players.  Key
players in the global  market include AB Sciex (Danaher Corporation),  Eurofins Medigenomix
GmbH,  Forensics  Consulting  Solutions,  Forensic  Pathways,  GE  Healthcare  Lifescience,  LGC
Limited,  Neogen  Corporation,  NMS  Labs,  Pyramidal  Technologies  Ltd.,  SPEX  Forensics,  and
Thermo  Fisher  Scientific,  Inc.  These  companies  employ  strategies  such  as  mergers  &
acquisitions,  novel  product development initiatives,  and geographical  expansion to increase
their share and sustain the competition.
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