Global Forensic Technology Market Analysis By Product, Service, Technology Development, Potential Growth Opportunities, Challenges, Regional Outlook, Trends and Forecast 2018-2025

Global Forensic Technology Market Size was estimated at USD XXXX million in the year 2017, and is projected to grow to USD XXXXX million by 2025, a CAGR of XXX% during the forecast period of 2018-2025

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According to recent study of Forensic Technology Market trends there has been a considerable increase in crime rate with number of cases reporting rape, theft, homicide, robbery and murders. The growing number of crimes has led to many unsolved open cases and hence there is a requirement for forensic technology to resolve these cases quickly. With use of forensic science the investigating team can find clues and evidences like identify the fingerprint, DNA, blood samples. These evidences help them in resolving the cases and provide justice. With use of forensic technology the true culprit can be identified and punished as per law. This is another factor influencing the growth of forensic technology market size.

Segmentation of Forensic Technology Market size is done on the basis of Type, Services, Application and region. Based on type segmentation on the basis of Rapid DNA Analysis, Polymerase Chain Reaction (PCR), Microarrays, Automated Liquid Handling Technology, Next-Generation Sequencing (NGS), and Capillary Electrophoresis. Among these capillary electrophoresis has the largest share in the market owing to its various benefits offered by it like increased resolution and the less risk of contamination, higher speed and easy-to-use techniques. This is also an effective process to quantify and speed up the process. Segmentation with respect to services is divided as DNA Profiling, Chemical Analysis, Biometric Analysis and Firearms Identification. Among these the Chemical analysis contributes maximum to the market share owing to increased usage in the analysis of drug abuse cases and incidents. The DNA profiling is also expected to grow considerably during the forecast period.

Segmentation on the basis of application is done as Pharmacogenetics, Biodefense & Biosurveillance, Judicial/Law Enforcement and Others. The judicial/law enforcement segment contributes maximum to the market share and is projected to grow over the forecast period. Based on location segmentation is done as Laboratory Forensic Technology and Portable Forensic Technology, among these the laboratory forensic technology is contributing the maximum in market share owing to its low cost and ease of usage.

Geographically North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America contributes maximum to the forensic technology market share owing to increased crime rate and this is closely followed by Asia-Pacific region. Key players in the market are Belkasoft, NMS Lab, General Electric Company, Thermo Fisher Scientific Inc., Agilent Technologies and many others.

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The various segments of global forensic technology market share are:

By Product:
DNA Testing
Biometric Devices
Digital Forensics
Ballistic Forensics

By Service:
DNA Profiling
Fingerprinting Analysis
Drug Analysis
Firearm Analysis

By Type:
Polymerase Chain Reaction (PCR)
Capillary Electrophoresis
Next-Generation Sequencing (NGS)
Rapid DNA Analysis
Automated Liquid Handling Technology
Microarrays

By Application:
Pharmacogenetics
Biodefense & Biosurveillance
Judicial/Law Enforcement
By Location:

Laboratory Forensic Technology
Portable Forensic Technology

By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

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