Global Forensic Technologies Market Outlook, Prospect and Future 2020-2026
Summary - A new market study, titled “Forensic Technologies Market, By Technology (CE, NGS, Rapid DNA Analysis, PCR, and Automated Liquid Handling Technology), by Services, by Application, by Site and Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025” has been featured on WiseGuyReports.
REPORT HIGHLIGHT
The forensic technologies market is
estimated to represent a global market of USD 12,689.5 million by 2016 with
growth rate of 9.8%.
Market Dynamics
Forensic technologies is defined as the use
of advanced technologies to search, retrieve and analyse complex data sets to
address investigational, litigation, crime and regulatory issues. Factors such
as favourable government initiatives, technological advancements, increasing
crime incidents, and other support the market growth. Upsurge in number of
violent crime such as murder, intentional homicide, rape, robbery globally is
considered to be one of the high impact growth-rendering driver for the uptake of
forensic technologies. The study conducted by the United Nations Office on
Drugs and Crime (UNODC) in 2021 stated that the global average of intentional
homicide was reported to be 6.2 per 100,000 people. Continuous rise in such
incidences will boost the demand for advanced forensic technologies, leading
the market growth. However, the uncertainty in the pricing policy associated
with forensic instruments & reagents, high cost of marketing and sales,
unregulated competition from reagents & kits manufacturers may restrict the
growth to a considerable level. Additionally, current regulatory scenario is
expected to create further impetus for development of forensic field, hence
hampers the market growth.
Technology Takeaway
The market is divided into Capillary
Electrophoresis, Next Generation Sequencing (NGS), Rapid DNA Analysis,
Polymerase Chain Reaction (PCR), Automated Liquid Handling Technology and
others. Capillary Electrophoresis and PCR captured giant share of the total
market, more than 58.00% share of the market. Increasing use of these
techniques in numerous applications such as paternity testing and criminal
investigations have supported the market growth. Services segment is
categorized into Chemical Analysis, DNA Profiling, Firearms Identification
Biometric Analysis, and Others. DNA profiling is expected to overtake the
market of chemical analysis in long rung owing to the rising research and
development and growing DNA database across the globe. Application segment is
studied as Law Enforcements, Pharmacogenetics, and others. By site, the market
is analysed into Laboratory Forensic and Portable Forensic.
Regional Takeaway
Regionally, developed regions such as North
America and Europe accounted for significant share of the global market, 65.23%
in 2016. Advancement in technologies coupled with sophisticated healthcare
infrastructure helped these regions to achieve strong growth. Asia Pacific and
Middle East countries are also expected to grow with strong growth rate over
the forecast period owing to the continuous rise in crime incidents. According
to the study published by the CIVITAS Institute for the Study of Civil Society,
countries such as South Africa, India, Venezuela, Belize, and Honduras are the
top five countries with highest number of crime rates. This would in turn boost
the demand for forensic technologies in countries, leading to the market
growth. Further, according to the statistics from the Institute for Security
Studies, in Africa, incidence of murder has increased from 16,259 murders in
2013 to 17,068 in 2014, 5.0% up compared to the previous year.
Key Vendor Takeaway
Companies such as Agilent Technologies, GE
Healthcare, SPEX Forensics, Thermo Fisher Scientific, and others are profiled.
Companies are investing large amount in research and development activities to
develop novel technologies, aiming to capture large customer base. Introduction
of new products help companies to expand their product offering as well as
geographic reach. For instance, in December 2014, Pennsylvania based NMS Labs
launched RapidHIT Platform, a system designed for rapid human DNA
identification. This product launch is anticipated to facilitate public crime
laboratories to control costs in DNA testing and provide more probative
evidence in the early stages of investigation.
The market size and forecast for each
segment has been provided for the period 2014 to 2025, considering 2015 as the
base year. The report also provides the compounded annual growth rate (% CAGR)
for the forecast period 2016 to 2025 for every reported segment.
The years considered for the study are:
Historical Year – 2014 & 2015
Base Year – 2015
Estimated Year – 2016
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, And Suppliers
Manufacturers
Hospitals
Government and Regional Agencies and
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market
by its major segments, which include as follows:
MARKET, BY TECHNOLOGY
Capillary Electrophoresis
Next Generation Sequencing
Rapid DNA Analysis
Polymerase Chain Reaction
Automated Liquid Handling Technology
Others
MARKET, BY SERVICES
Chemical Analysis
DNA Profiling
Firearms Identification
Biometric Analysis
Others
MARKET, BY APPLICATION
Law Enforcements
Pharmacogenetics
Others
MARKET, BY SITE
Laboratory Forensic
Portable Forensic
MARKET, BY REGION
North America
Europe
Asia Pacific
Rest of the World
MARKET, BY COUNTRY
Further Breakdown of The North America
Market
U.S.
Canada
Further Breakdown of The Europe Market
Germany
France
Rest of Europe
Further Breakdown of The APAC Market
India
China
Rest of APAC
Further Breakdown of The Rest of the World
Market
Middle East and Africa
Latin America
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5743956-forensic-technologies-market-by-technology-ce-ngs-rapid
About
Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact
Us:
NORAH TRENT
sales@wiseguyreports.com
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)
Comments
Post a Comment