Forensic Technology Market Survey by Future Trends, Recent Demand, Growth Analysis and Forecasts Research 2027
The global Forensic Technology Market will be worth USD 52.04 billion by 2027, according to a current analysis by Emergen Research. In order to achieve benchmarks in forensic science, governments across the globe are taking different initiatives making it crucial for public safety. This is in turn increasing the horizon of growth for the said market. For example, National Institute of Standards and Technology (NIST) partnered with the National Institute of Justice (NIJ) to develop new techniques to increase workflow
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.
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The research report on the Forensic Technology Market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the Forensic Technology Market . The insightful data is further validated and verified by the industry professionals . The report strives to offer deeper insights into the overall market scenario of the Forensic Technology Market business sphere.
Key participants include Cytiva, 3M, Eurofins Scientific, Agilent Technologies, NMS Lab, LGC Group, LGC Limited, Thermo Fisher Scientific and Micro Systemation among others.
as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global Forensic Technology Market position, financial status, and consumer base.
Major Key Highlights From The Forensic Technology Market Reportrs :
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.
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Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global Forensic Technology Market . It also provides beneficial insights for both new as well as established players of the global Forensic Technology Market
Emergen Research has segmented the global Forensic Technology Market Are as :
Emergen Research has segmented the global Forensic Technology Market on the basis of type, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Polymerase Chain Reaction (PCR)
Next Generation Sequencing
Rapid DNA Analysis
Automated Liquid Handling Technology
Application Type Outlook (Revenue, USD Billion; 2017-2027)
Law enforcement agencies
Banking and financial institutions
The global Forensic Technology Market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Forensic Technology Market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Regional Bifurcation of the Forensic Technology Market Includes:
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)
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