Forensic Technologies Market Outlook: Current Industry Platform, Growth Opportunities and Demand Forecast to 2023
Geographically, Europe and North America lead the global forensic technologies market due to high incidences of crime, technological advancements in forensic sciences, and high investigator’s compliance for advanced forensic techniques such as DNA profiling, firearm analysis, and biometric analysis techniques. In addition, presence of a large number of forensic laboratories drives forensic technologies market in Europe and North America. Asia-Pacific is the fastest growing region in the global forensic technologies market. The major reasons for the fastest growth in the region are increasing crime cases, increasing government funding, and technological advancements. Moreover, the forensic technologies market is growing rapidly due the ongoing DNA data base programs, and rising adoption rate of forensic techniques in emerging economies, such as South Africa and China.
Some of the major players operating in the global forensic technologies market are GE Healthcare, Agilent Technologies, Eurofins Medigenomix Gmbh, Pyramidal Technologies Ltd., Life Technologies Inc., SPEX Forensics, NMS Labs Inc., LGC Forensics among others.
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