Forensic Technologies Market : Tracks Key Consumer Trends, Economic Dynamics, Government Regulations And Demographic Landscape Of The Forensic Technologies

Forensic technologies are used for the identification, analysis and evaluation of physical evidence gathered from the crime scene. The collected and analyzed forensic evidence is in turn used in criminal law to prove the guilt or innocence of the defendant. It is oft-quoted in crime/law enforcement fields that, “a zero crime rate is a hypothetical situation”. Consequently the forensic technologies/services witness a near-perennial demand (although the growth rate may vary depending on all other variables/factors).

The United Nations (UN), European Union (EU) and Bureau of Justice Statistics (BJS), U.S., have collectively classified physical crime into: Drug offences (includes the illegal possession, cultivation, production, supplying, transportation, importing, exporting and financing of drug operations); Homicide (includes intentional killing of a person/s, including murder, manslaughter, euthanasia and infanticide); Violent crime (physical assault, robbery (stealing by force or threat of force) and sexual offences (including rape and sexual assault)); Property crime (includes domestic burglary and theft of a motor vehicle).

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Although, end-to-end analysis of a physical crime case requires a combination of forensic technologies/services, a particular type of physical crime identified can be forensically analyzed by using one major forensic technology/service. For example, Chemicals (drugs/explosives/toxicology) can be analyzed by

chromatography/spectrometry/spectrophotometry/emission spectroscopy. DNA Profiles can be forensically analyzed by restriction fragment length polymorphism (RFLP) method, polymerase chain reaction (PCR) method, short tandem repeat (STR), mtDNA Profiling and DNA Chip technology.

The forensic technologies market can thus be segmented into types of forensic technologies/services delivered namely, DNA profiling, biometrics/fingerprints analysis, chemical (drugs/explosives/toxicology) analysis and firearms identification and analysis.

Currently, in terms of geography, developed regions such as North America and Europe have a higher market share; but going forward till 2019, Asia-Pacific and RoW regions are expected to gain about 60% market share. Many of the forensic technologies/services such as DNA profiling, biometrics/fingerprints and firearms identification are standardized and automated in North America and Europe. This is likely to result in lower spend/cost per end-to-end crime case analysis and resolution, a decline in value of forensic technologies/services and reduced overall market in terms of value.

The research report also tracks key consumer trends, economic dynamics, government regulations, and demographic landscape of the forensic technologies market and provides recommendations and assessment based upon the findings. The study also includes the use of Porter’s Five Forces model to analyze the importance and impact of the various stakeholders within the forensic technologies market.

The global forensic technologies market will rise at a CAGR of 12.4% from 2013 to 2019. Due to this, the market’s valuation of US$8.3 bn in 2012 will reach US$17.7 bn by 2019, says a report released by Transparency Market Research on the global forensic technologies market.DNA profiling accounts for the largest share in the global market and will display a CAGR of 11% from 2013 to 2019. DNA profiling is vitally important for solving crimes that are otherwise impossible to be solved due to inadequate non-DNA-based evidence. The DNA profiling service segment holds immense potential in the global market due to the increasing dependence of law enforcement agencies on it.

However, many countries in Asia-Pacific and RoW - Abu Dhabi, South Africa have initiated massive DNA databases programs. The Dubai police are investing in forensic technologies/services infrastructure and purchasing sophisticated forensic supplies and equipment, thus, in turn, rendering the Dubai market attractive for forensic equipment providers. A multitude of other such factors are likely to drive growth of all forensic technologies/services segments within the Asia-Pacific and RoW regions; hence these regions will garner a higher market share going forward.

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This release was published on openPR.