The Global Forensic Medicines Market is growing at a CAGR of 12.4% from 2014 to 2022. Forensic medicine is an important part of criminal investigations and is used for the analysis, identification, and evaluation of physical evidence gathered from a crime scene. Department of forensic medicine was a section within the Department of Pathology. Forensic medicine deals with the application of scientific medical knowledge to the administration of law, to the furthering of justice, and to the legal relations of the medical practitioner, forensic medicine addresses the physiology of dying, the cause and time of death, and post death phenomena. Forensic medicine deals with offenses against the person or patient. Practitioners of forensic medicine assist in medical-legal investigations by offering expert opinions to help legally authorized individuals understand the medical implications of pathological examinations, including post-mortem examinations (autopsies) of bodies, tissues, organs, and laboratory specimens.
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On the basis of geography the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Asia. The steady growth of the forensic medicines market in North America and Europe is mostly caused by factors such as forensic services such as DNA profiling, fingerprints analysis, chemical analysis, autopsy, pathology and toxicology to be of an automated and standardized nature. The resulting effect of the standardization is that the regions share a common database that will reduce the expenditure in end to end crime case analysis and resolution. This could cause a reduction in value of forensic services and a declining general market hold in terms of value.
Some of the Key Players of the market are NMS Labs, Inc., LGC Forensics, Pyramidal Technologies Ltd., SPEX Forensics, Eurofins Medigenomix Gmbh, GE Healthcare Life Sciences etc.
Some factors which are driving the market are increase in crime rate, sophistication of crime, latent demand for forensic technologies etc.
Reductions in Government Spend on Forensic Technologies, Declining supply of forensic services, regulatory constraint are some of the restraints of the market.
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What makes our report unique?
- Market Definition for the Global forensic medicine Market along with identification of key drivers and restraints for the market.
- Market analysis for the Global forensic medicine Market, with region specific assessments and competition analysis on a global and regional scale.
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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