Global Forensic Technology Market Size and Revenue Forecasts to 2027
The research Forensic Technology Market report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2027. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The major competitors operating globally have jointly initiated the Industry/University Cooperative Research Centers Program which helps in effective RD regarding forensic science mainly across industry and academic collaborations. The program stresses on the development of practices in order to handle and preserve DNA as well as other biological evidence. Moreover, organizations across the globe are emphasizing on innovative technology in order to optimize the interoperability of automated fingerprinting identification systems at various levels, regulate biasness from investors, as well as develop standards for effective solutions to control criminal cases.
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The report offers a panoramic view of the competitive landscape of the industry and a detailed analysis of the key players of the market based on their revenue, profit margins, financial standing, global market position, RD activities, and product portfolio. It also covers their strategic endeavors such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions, among others. The key players profiled in the report are Cytiva, 3M, Eurofins Scientific, Agilent Technologies, NMS Lab, LGC Group, LGC Limited, Thermo Fisher Scientific and Micro Systemation among others..
Global Forensic Technology Market Segmentation based on Product Types and Application Spectrum:
On the basis of product type, the Forensic Technology market is segmented into:
- Polymerase Chain Reaction (PCR)
- Capillary Electrophoresis
- Next Generation Sequencing
- Rapid DNA Analysis
- Automated Liquid Handling Technology
- Microarrays Arms
On the basis of application, the Forensic Technology market is segmented into:
- Healthcare
- Law enforcement agencies
- Banking and financial institutions
- Telecom
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Regional Analysis of the Forensic Technology Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report offers a complete understanding of the Forensic Technology market in key regions with respect to regional production and consumption patterns, import/export, supply and demand dynamics, trends, growth prospects, and the presence of prominent players in each region. Each of the mentioned regions is analyzed based on the comprehensive market data obtained from the major countries of each region to impart a clear understanding of the market.
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Key Highlights From The Report
- In November 2019, Thermo Fisher Scientific launched SeqStudio Genetic Analyzer, a technologically advanced and forensic laboratory qualified technology. It is in order to refine human identification system as well as validate workflow to forensic DNA laboratories.
- When it comes to the type of technology, Polymerase Chain Reaction (PCR) accounted for the most prominent share in 2019 owing to the fast penetration rates for different areas of applications like illicit drug analysis, ballistics and toxicology studies.
- In the application segment, the law enforcement agencies is likely to grow at the fastest CAGR of 13.3% over the forecasted period which can be attributed to the increasing number of initiatives taken by the government in order to clear backlogs of criminal cases that need strong evidence.
The report provides an extensive forecast of the industry and its significant growth in the forecast years. The report provides important information regarding the sales volume, revenue forecast, market size, market share, and current and emerging market trends. Along with this, the report covers SWOT analysis, Porter’s Five Forces analysis, Feasibility analysis, and investment return analysis.
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