Forensic Technology Market By Service (Drug Analysis, DNA Profiling, Fingerprinting Analysis, Firearm Analysis), Product (Biometric Devices, Digital Forensics, Ballistic Forensics, DNA Testing), Industry Analysis, COVID-19 Impact Analysis, Size, Share, Growth, Trends, and Forecasts 2021-2028

  • Published On: Feb, 2019
  • Category: Healthcare
  • Pages: 0
The global Forensic Technology market size is estimated at 51.23 billion USD with a CAGR of 13.1% during the forecasted period from 2021-2028.

The global Forensic Technology market size is estimated at 51.23 billion USD with a CAGR of 13.1% during the forecasted period from 2021-2028. A technique used for investigation and discovery of facts surrounding a criminal scene is referred to forensic technology. This is an important tool to examine evidence that can be presented in a court of law. The key factor driving the growth of Forensic Technology market is attributed to growing demand to violentcrimes across the globe. Also, increasing incidences of sexual assault, robbery, gang rape, etc. are likely to expand the market size. Moreover, rapid technical innovations in forensic sector such as DNA profiling, firearm analysis, fingerprinting, etc. to investigate criminal incidences across the globe. IN addition, government funding to assist forensic research is predicted to impel the market throughout the forecast period. Besides, growing popularity of forensic services along with rise in crime rate in emerging economies are uplifting the market size. On the other hand, factors such as high cost associated with the instruments and regulatory concerns are projected to limit the market growth.

Forensic Technology Market Determinants

The growing importance of DNA testing and increasing crime rates are causing higher demands for the forensic technologies in order to solve such cases are major factors driving the growth of forensic technology. Additionally, the scope of technological change in forensic analysis has driven its demand for industry services. Moreover, rising popularity of forensic services is also a major factor which is stimulating the market growth However, high cost of the instruments and regulatory concerns are hampering the market from achieving its true potential.. On the other hand, extreme demand for laboratory forensics in specific areas, outsourcing of case results by the governments and increasing number of criminal cases are offering new opportunities for market expansion.

Forensic Technology Market Key Segments:

o By Service • Drug Analysis • DNA Profiling • Fingerprinting Analysis • Firearm Analysis o By Product • Biometric Devices • Digital Forensics • Ballistic Forensics • DNA Testing o By Geography • North America • Europe • Asia-Pacific • Rest of World

Table of Content

o Thermo Fisher Scientific
o LGC Forensics
o Everlert Inc.
o GE Healthcare Life Sciences
o NMS Labs
o Agilent Technologies

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Report Highlights:

Complete overview of market
Major drivers, restrain, opportunities, and challenges of the market
Market Trends and how they are boosting the market growth
Changing dynamics in the Market
Complete overview of the market
Historical, Base year, projected, and current market size in terms of value and volume
COVID-19 Impact analysis of the market
Current industry trends and developments

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