Increasing research activities on DNA-related testing, advancements in forensic technologies, and rising crime rates are some key factors expected to drive market growth
According to Emergen Research, the global forensic technology market size was USD 19.72 billion in 2019 and is expected to reach USD 52.04 Billion in 2027 and register a revenue CAGR of 12.9% during the forecast period, 2020-2027.
Market Dynamics:
Forensic science plays an important role in criminal justice. Forensic scientists study and analyze evidence and data in criminal investigations in order to achieve objective results that can aid in the investigation and prosecution of criminals, or exonerate an innocent person. This helps law enforcement officials in solving crimes and ensuring public health and safety. This has been boosting demand for forensic technologies and is expected to drive market revenue growth during the forecast period. Further, in different domains of forensic science, various techniques are developed to conduct investigations and analyze evidence.
Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/310
Among them include: DNA fingerprinting, scanning electron microscopy, facial reconstruction, alternative light photography, and LA-ICP-MS. These advancements in technology reduce overall costs and improve accuracy of tests. From just a few skin cells, the polymerase chain reaction (PCR) can produce millions of copies of DNA. These DNA procedures can help in the identification of criminals as well as their victims. These technological advancements in forensic science and increasing the use of DNA technology are some other factors expected to drive market revenue growth over the forecast period.
However, high cost of forensic technologies, complexity in user interface, inaccuracy of results and lack of forensic science technicians are factors that can hamper market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Polymerase Chain Reaction (PCR) Segment Revenue to Expand at a Rapid CAGR:
Polymerase Chain Reaction (PCR) segment is expected to register a rapid revenue CAGR over the forecast period as it is widely used in genetic fingerprinting and in the field of molecular biology for the detection of mutations. The polymerase chain reaction (PCR) is a commonly used technology to make millions of copies of a specific DNA sample, allowing researchers to take a tiny sample of DNA and amplify it to a large amount to investigate in depth.
Healthcare Segment to Register Significant Revenue Growth:
Healthcare segment is expected to register significant revenue growth over the forecast period owing to government initiatives to improve healthcare infrastructure, advancements in DNA testing, increase in research and development activities in alternative light photography, automated fingerprint identification and other forensic technologies.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period due to increasing criminal activities, resulting in adoption of forensics by law enforcement agencies and private companies among various sectors including healthcare. Further, technological innovations in healthcare industry has led to advancements in forensic studies and related DNA identification, which is further expected to boost market growth in the region.
Check Our Prices@ https://www.emergenresearch.com/select-license/310
Major Companies in the Market Include:
- Cytiva
- 3M
- Eurofins Scientific
- Agilent Technologies
- NMS Lab
- LGC Group
- LGC Limited
- Thermo Fisher Scientific
- Micro Systemation
For the purpose of this report, Emergen Research has segmented the forensic technology market on the basis of type, application, and region:
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 Outlook (Revenue, USD Billion; 2017-2027)
- Healthcare
- Law enforcement agencies
- Banking and financial institutions
- Telecom
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/forensic-technology-market
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- France
- K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Turkey
- Rest of MEA
Take a Look at our Related Reports:
Interventional Oncology Devices Market By Product Type (Support, Embolization, Ablation), By Process, By Cancer Type (Lung Cancer, Liver Cancer, Bone Cancer, Breast Cancer, Prostate Cancer, Kidney Cancer, Others), By Region Forecasts to 2027
Liquid Biopsy Market Size, Share, Trends, By Product (Assays Kits, Instruments, Services), By Circulating Biomarkers, By Sample Type, By Disease, By Application (Early Cancer Screening, Therapy Selection, Treatment Monitoring, Recurrence Monitoring Orthopedics), By End-use, and By Region Forecast to 2028
Oncology Informatics Market By Type (Population Health Management (PHM), Drug Discovery and Development Informatics, Electronic Health Records (EHRs)), By End User (Life Science Industry, Academic Institutes, and Research Centers, Pharmaceutical Industry), and By Region, Forecasts to 2027
Nerve Repair and Regeneration Market By Product (Neurostimulation and Neuromodulation Devices, Biomaterial), By Surgery (Stem Cell Therapy, Direct Nerve Repair, Nerve Grafting, Neurostimulation, and Neuromodulation Surgeries), Forecasts to 2027
Spinal Fusion Devices Market By Product (Cervical Fixation Devices, Thoracolumbar Devices), By Surgery (Minimally Invasive Spine Surgery, Open Spine Surgery), By End User (Specialty Clinics, Hospitals & Ambulatory Surgery Centers), Forecasts to 2027
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkedIn | Twitter | Blogs
Read Full Press Release: https://www.emergenresearch.com/press-release/global-forensic-technology-market