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Biotech News: Forensic Technologies Market Trends and Forecast Report 2024

08-12-2019 12:00 AM CET | Health & Medicine

Press release from: P&S Intelligence

Biotech News: Forensic Technologies Market Trends and Forecast

The global forensic technologies market is growing significantly due to increasing rate of crime across the globe, technological advancements in forensic techniques, and increasing number of forensic laboratories. In addition, increasing demand and awareness for DNA testing are supporting growth of global forensic technologies market. Outsourcing of crime cases by government laboratories to privately held laboratories is creating ample opportunities for private players in global forensic technologies market.

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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.

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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Report Coverage
• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
• Provides information on the historical and current market size and the future potential of the market
• Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)

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About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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