According to a new market report published by Lucintel, the future of the forensic technology market looks promising with opportunities in pharmacogenetics, biodefense & biosurveillance, and judicial/law enforcement. The global forensic technology market is expected to grow with a CAGR of 13% from 2020 to 2025. The major drivers for this market are rising number of violent crimes and increasing unsolved cases due to absence of concrete evidence, which require forensic technologies.
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Forensic technologies are advanced technologies which are used to retrieve, search, and analyze large and complex data sets. In this market, DNA profiling, chemical analysis, biometric analysis, and firearms identification are the major services. Lucintel forecasts that chemical analysis will remain the largest service segment over the forecast period due to rising preference of forensic experts towards chemical analysis on cases of drug abuse.
Within this market, judicial/law enforcement will remain the largest application segment over the forecast period due to rising efforts by government authorities to create DNA databases and adoption techniques by lab technicians that help in gathering information from DNA samples at reduced costs and time.
North America will remain the largest region over the forecast period due to increasing violent crimes, rising adoption of forensics by private companies and law enforcement agencies in the healthcare sector, and presence of advanced healthcare infrastructure leading to efficiency of forensic studies in the region.
Agilent Technologies, Thermo Fisher Scientific, SPEX Forensics, and LGC are among the major suppliers in the global forensic technology market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global forensic technology market by type, service, location, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Forensic Technology Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global forensic technology market by type, service, location, application, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Polymerase Chain Reaction (PCR)
Capillary Electrophoresis
Next-Generation Sequencing (NGS)
Rapid DNA Analysis
Automated Liquid Handling Technology
Microarrays
Others
By Service [Value ($ Million) shipment analysis for 2014 – 2025]:
DNA (Deoxyribonucleic Acid) Profiling
Chemical Analysis
Biometric Analysis
Firearms Identification
Others
By Location [Value ($ Million) shipment analysis for 2014 – 2025]:
Laboratory Forensic Technology
Portable Forensic Technology
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Pharmacogenetics
Biodefense & Biosurveillance
Judicial/Law Enforcement
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.