Forensic Technology Market Applications, Types, Size, Share, Growth, Outlook, Industry Analysis, Trends and Forecast Report 2027 – FortBendNow
The report, published by Emergen Research, is a detailed compilation of crucial aspects of the Forensic Technology Market including key players’ product offerings, wide range of applications of these products, major market segments, major market competitors, their company profiles, pricing strategies, production capacities, programs revenue generation, technological advances and many more.
The global forensic technology market will be worth $52.04 billion by 2027, according to current analysis by Emergen Research. In order to achieve benchmarks in forensic science, governments around the world are taking different initiatives, which makes it crucial for public safety. This in turn increases the growth horizon of said market. For example, the National Institute of Standards and Technology (NIST) has partnered with the National Institute of Justice (NIJ) to develop new techniques to increase workflow
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Leading competitors operating globally have jointly launched the Industry/University Cooperative Research Center Program which contributes to effective R&D in forensic science primarily through industry and university collaborations. The program emphasizes the development of practices to manipulate and preserve DNA and other biological evidence. In addition, organizations around the world are emphasizing innovative technologies to optimize the interoperability of automated fingerprint identification systems at different levels, to regulate investor biases and to develop standards for solutions. effective in monitoring criminal cases.
Main key supplier:
Cytiva, 3M, Eurofins Scientific, Agilent Technologies, NMS Lab, LGC Group, LGC Limited, Thermo Fisher Scientific, and Micro Systemation, among others.
Some key highlights of the report;
- In November 2019, Thermo Fisher Scientific launched SeqStudio Genetic Analyzer, a technologically advanced and qualified forensic laboratory technology. This involves refining the human identification system as well as validating the workflow to forensic DNA labs.
- In terms of technology type, Polymerase Chain Reaction (PCR) accounted for the largest share in 2019 due to rapid penetration rates for different application areas such as illicit drug analysis, ballistics and toxicological studies.
- In the application segment, law enforcement is expected to grow at the fastest CAGR of 13.3% over the forecast period, which can be attributed to the growing number of initiatives taken by the government to clear the backlog criminal cases requiring strong evidence. .
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The report offers key insights on market share, supply chain analysis, supply and demand relationship, import/export details, and product and consumption patterns. For better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
Covid 19 impact analysis:
The current COVID-19 pandemic is expected to impact the growth of the Forensic Technology Market industry primarily due to movement restrictions and impact on supply and demand due to lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the forensic technology market sector is expected to feel the impact of the pandemic. The economic downturn and dynamic changes in demand will further affect the growth of the industry. Report Covers Impact Analysis of COVID-19 Pandemic on Overall Forensic Technology Market Industry
Emergen Research has segmented the global forensic technology market based on 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
- microchip arms
Application Type Outlook (Revenue, USD Billion; 2017-2027)
- Health care
- Law enforcement agencies
- Banking and financial institutions
Performance by region of Forensic Technology Market industry
North America forensic technology market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America forensic technology market revenue share is expected to remain comparatively higher than other regional markets from 2020 to 2028.
The Asia-Pacific region recorded the fastest revenue CAGR in 2020, and forensic technology market forecasts indicate that this trend is set to continue. Market forecasts indicate that the revenue share contribution from China, India, and South Korea is expected to remain robust through 2028.
The forecast for the European forensic technology market is currently positive, with revenue growth expected to remain stable between 2020 and 2028. The focus on research and development initiatives by large companies and changing trends and demographics in the countries of the region are factors that should continue to support Forensic. Technology Market Growth
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