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Forensic Technologies Market 2019 by Key Players Analysis, Growth Drivers, Segmentation and Demand Forecast by 2024
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The global forensic technologies market is categorized as products and services. Based on product, the forensic technologies market is categorized as fingerprinting/biometric devices, DNA testing, digital forensics, and ballistic forensics. On the basis of services, the global forensic technologies market can be categorized as fingerprinting/biometric analysis services, firearm analysis services, forensic consulting, DNA testing services, and others.
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Some of the factors driving the growth of the global forensic technologies market are increasing incidences of crime across the globe, technological advancements in forensic techniques, and peer pressure of solving crime cases. In addition, high investigator’s compliance for DNA testing, and increasing demand of mobile forensic techniques are propelling the growth of the global forensic technologies market. On the other hand, lack of skilled professionals and high cost of advanced forensic techniques are some of the factors restraining the growth of the global forensic technologies market to some extent.
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.
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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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