Forensic Technologies Market Analysis – Global Industry Size, Share, Trends and Forecast, 2014 – 2024

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC467

Introduction

Forensic technologies are used to discern, appraise & study the physical evidences which are gathered from crime spots and considered as evidence in court to prove responsibility or purity of defendant. The betterment of technologies in forensic have been of considerable relevance in recent years. It is often quoted that in crime/law enforcement fields, “a zero crime rate is a hypothetical situation”. Consequently, the forensic services/technologies witness a near-perennial demand. Forensic science has witnessed immense developments in its technologies, which in turn, have expanded its applications as well as demand in the market. As crime investigations have become more challenging, law enforcement agencies are looking for advanced technologies such as DNA profiling to increase the efficiency, potential, and value of forensics, thereby shortening the delivery time of results This technology provides impressive and decisive results and is deployed for solving many arguments.

Market Dynamics

Some of the major drivers in the global forensic technology market include increasing crime rate and finesse in crime, which creates a demand for these technologies for solving such cases. Further, increasing prestige of DNA testing is a key factor contributing to the growth of this market. Moreover, shortening delivery time of results coupled with increase in potential, efficiency and value of forensic science are some other factors driving the growth of global forensic technology market. The major factor limiting the growth of global forensic technology market is the regulatory constraints for this technology. The increasing backlog of pending cases which require immense forensic aid and outsourcing of case results by governments is expected to create potential opportunities for market players. Rising crime rate combined with sophistication with which crimes are committed are some of the major factors driving the growth of global forensic technologies market.

Market Classification and Overview

The global forensic technologies market can be segmented on the basis of service, location, technology, and geography. On the basis of service, the global forensic technologies market can be segmented into DNA profiling, biometrics/fingerprints analysis, chemical (drugs/explosives/toxicology) analysis and firearms identification and analysis. On the basis of location, the global forensic technologies market can be segmented into laboratory forensic technology and portable forensic technology.

Some of the key organizations across the globe, such as Bureau of Justice Statistics (U.S.), the United Nations, and the European Union have classified physical crime as: homicide, violent crime, drug offences, and property crime. For an end-to-end analysis of a physical crime, a combination of forensic technologies is required. A particular type of physical crime can be forensically analysed with the help of one major forensic technology/service. For instance, DNA profiles can be forensically examined using different technologies such as short tandem repeat (STR), restriction fragment length polymorphism (RFLP) methodology, DNA chip technology, Mitochondrial DNA (mtDNA) Profiling, and polymerase chain reaction (PCR).

On the basis of geography, the global forensic technologies market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific. North America leads the market for forensic technologies, and is closely trailed by Europe. Both the regions collectively hold a substantial share in the global market currently. However, the Asia-Pacific and the Middle East & Africa regions are expected to witness unprecedented growth during the forecast years owing to advancement in technologies and infrastructure.

Report Coverage

Market

Global Forensic Technologies Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Service, Location, Technology, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

Key players in the global forensic technology market include GE Healthcare Life Sciences, Thermo Fisher Scientific, LGC Forensics, NMS Labs, Everlert Inc., Forensic Technology, Pyramidal Technologies Ltd., SPEX Forensics, Eurofins Medigenomix GmbH and others.

Market Segmentation

Market By Service

·         DNA profiling

·         Biometrics/fingerprints analysis

·         Chemical (drugs/explosives/toxicology) analysis

·         Firearms identification and analysis

Market By Location

·         Laboratory forensic technology

·         Portable forensic technology

Market By Technology

·         Short tandem repeat (STR)

·         Restriction fragment length polymorphism (RFLP) methodology

·         DNA chip technology

·         Mitochondrial DNA (mtDNA) profiling

·         Polymerase chain reaction (PCR)

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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