Global Forensic Technology Market Forecast to 2027
The Forensic Technology Market research report is a comprehensive and vital document that includes business strategies, qualitative and quantitative analysis, and emerging trends in the global Forensic Technology Market. The report provides in-depth research and analysis of the key elements of the global Forensic Technology Market. This report was created by the research analysts after conducting extensive primary and secondary research and analysing the drivers, restraints, challenges, trends, and opportunities in the Forensic Technology Market.
According to a recent estimate by Emergen Research, the global market for forensic technology would be valued USD 52.04 billion by 2027. Governments all around the world are launching various projects to reach forensic science norms, which is essential for ensuring public safety. As a result, the market's potential for growth is expanding. For instance, to create innovative methods to improve productivity, the National Institute of Standards and Technology (NIST) collaborated with the National Institute of Justice (NIJ).
The major competitors operating globally have jointly initiated the Industry/University Cooperative Research Centers Program which helps in effective R&D regarding forensic science mainly across industry and academic collaborations. The program stresses on the development of practices in order to handle and preserve DNA as well as other biological evidence. Moreover, organizations across the globe are emphasizing on innovative technology in order to optimize the interoperability of automated fingerprinting identification systems at various levels, regulate biasness from investors, as well as develop standards for effective solutions to control criminal cases.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Forensic Technology market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Agilent Technologies, Belkasoft, Cellbrite, Cyfor, Eurofins Medigenomics Gmbh, Forensic Fluids, Insig2
Research Report on the Forensic Technology Market Addresses the Following Key Questions:
- Who are the dominant players of the Forensic Technology market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Forensic Technology market?
- What are the key growth drivers and restraining factors of the Forensic Technology market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Forensic Technology market and its key segments?
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Key Highlights From The Report.
- In November 2019, Thermo Fisher Scientific launched SeqStudio Genetic Analyzer, a technologically advanced and forensic laboratory qualified technology. It is in order to refine human identification system as well as validate workflow to forensic DNA laboratories.
- When it comes to the type of technology, Polymerase Chain Reaction (PCR) accounted for the most prominent share in 2019 owing to the fast penetration rates for different areas of applications like illicit drug analysis, ballistics and toxicology studies.
- In the application segment, the law enforcement agencies is likely to grow at the fastest CAGR of 13.3% over the forecasted period which can be attributed to the increasing number of initiatives taken by the government in order to clear backlogs of criminal cases that need strong evidence.
Market Overview:
The report bifurcates the Forensic Technology market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Polymerase Chain Reaction (PCR)
- Capillary Electrophoresis
- Next Generation Sequencing
- Rapid DNA Analysis
- Automated Liquid Handling Technology
- Microarrays Arms
- Application Type Outlook (Revenue, USD Billion; 2017-2027)
- Healthcare
- Law enforcement agencies
- Banking and financial institutions
- Telecom
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- China
- Japan
- South Korea
- Rest of APAC
- Brazil
- Rest of LATAM
- Saudi Arabia
- UAE
- Rest of MEA
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Regional Landscape section of the Forensic Technology report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Forensic Technology market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Forensic Technology with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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