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Forensic Technologies Market is Touching New Levels – To Grow at a High CAGR by 2025 : Thermo Fisher Scientific, LGC Forensics, GE Healthcare Life Sciences and More

03-19-2019 10:10 AM CET | Health & Medicine

Press release from: Allied Market Research

Forensic Technologies Market

Forensic Technologies Market

Forensic technology is used for identification, interpretation and assessment of substantial evidences gathered from site of crime. Forensic science has witnessed tremendous developments in its technologies which in turn have increased its application as well as demand in the market. This technology provides effective and reliable results and so is employed for resolving many disputes.

Competitive landscape

The major players in this market are Forensic Technology, Thermo Fisher Scientific, LGC Forensics, GE Healthcare Life Sciences, Everlert Inc. and NMS Labs. Everlert recently launched a digital forensic device, which provides premier screening at lesser price compared to CT scan equivalents.
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High level analysis

The report analyzes global forensic technologies market with the help of Porter’s five forces model. This model helps in accessing the constituents of this market such as the bargaining power of buyers and suppliers, threats faced by substitutes and the barriers for new entrants. The report describes market dynamics to give a better understanding of current market scenario.

The driving forces for this market include increasing crime rates and finesse in crime, which creates a demand for these technologies for solving such cases. Also, the increasing eminence of DNA testing is contributing greatly to the development of this market. The major factor limiting the growth in this market is the regulatory constraints for these technologies. The growth opportunities in this market are increasing due to increasing backlog of cases requiring forensic aid and outsourcing of case results by the governments.

Global forensic technology service market analysis

On the basis of service, this market is classified into DNA profiling, drug testing, fingerprinting analysis and firearm analysis. DNA testing and fingerprinting are the fastest growing services in this market segment.
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Global forensic technology product market analysis

On the basis of product, this market is classified into digital forensics, ballistics, DNA testing and biometric devices. Biometric products have a progressive contribution in total share of this market.

Forensic technology geography market analysis

On the basis of geography, this market is classified into North America, Europe, Asia-Pacific and rest of the world (RoW). The developed nations of North America and Europe have the major share in revenue generated in this market.

Key Benefits

• The estimations in this report are made considering present market scenario and future potentials for the period 2014-2020
• The report explains the benefits of using this technology in gaining efficient and better results.
• The growth drivers and restraints are described so as to know the factors which would affect the demand of forensic technologies in future
• The market is segmented based on its products and services to give a better understanding of the present stage of technological advancement in this market
• The segmentation based on geography helps in understanding the demand in various countries and in tracking the potential regions for growth
• Porter’s five forces model is used to provide an insight of this industry

About us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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