Forensic Medicine Market Globally Grow at a CAGR of 12.0% by Revenue During the Period 2018 – 2023 | Top Key Vendors – Agilent, Belkasoft, Bode Cellmark Forensics, GE, LGC Forensics, NMS Labs, SPEX Forensics

Marketprognosis.com Publish a New Market Research Report On “Global Forensic Medicine Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Forensic Medicine Market:

The Global Forensic Medicine Market is expected to register a CAGR of 12.0% during 2018 to 2023 (the forecast period).

Forensic medicine is an important part of criminal investigations and is used for the analysis, identification, and evaluation of physical evidence gathered from a crime scene. Department of forensic medicine was a section within the Department of Pathology. Forensic medicine deals with the application of scientific medical knowledge to the administration of law, to the furthering of justice, and to the legal relations of the medical practitioner, forensic medicine addresses the physiology of dying, the cause and time of death, and post death phenomena.

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The crimes rates are on rise, globally, especially in the North American region. Moreover, the United States and Canada have the highest overall crime rates in the world. In 2016, The 30 largest US cities saw a double-digit increase in their murder rate, according to a year-end report. A recent study, by the New York University’s Brennan Center for justice, projects that the 2016 murder rate for the largest US cities increased by 14% from 2015, while the violent crime rate by 3.3%. Further, in Europe, the number of homicide cases decreased, however, the number of rape offences have increased by 37% in the past 5 years. In addition, the crime rate in the Latin American region is pretty high, with violent crime constituting the major part. Increasing crime rate is the major issue, and to tackle this issue the crime conviction rate must increase, which will increase demand for techniques that involve collection and analysis of medical evidence, to produce objective information for use in the legal system i.e., forensic medicine. In addition, sophistication of crime and latent demand for forensic technologies are also expected to supplement the growth of this market.

The majority of criminals are not brilliant, however, even their rudimentary efforts to cover their tracks can make an investigator's job infuriatingly difficult. New technology is expected to help, however, only if crime labs can adopt the new technology within their budgets or retraining the entire staff. For instance, in 2010, the government announced plans of closing the Forensic Science Service (FSS), a government-owned company (GovCo) that employed around 1,600 staff, claiming that it was losing about GBP 2 million a month The Commons Science and Technology Committee concluded that major crimes could go unsolved, unless the government does more to support forensic science. The reduction of government spending on forensic technologies is one of the major factor restraining the forensic medicine market growth.

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The United States in the North American region dominates the market of forensic medicine, due to the increasing rate of crimes in the country. There has been a significant increase in the adoption of forensics by private companies and law enforcement agencies in various sectors, including healthcare. North America has the highest market share, and it is followed by the Europe and Asia-Pacific.

Major Key Players:

1 Agilent Technologies

2 Belkasoft

3 Bode Cellmark Forensics

4 Eurofins Medigenomix Gmbh

5 GE Healthcare Life Sciences

6 LGC Forensics

7 NMS Labs Inc.

8 Pyramidal Technologies Ltd

9 SPEX Forensics

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Forensic Medicine Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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