Summary - A new market study, titled “Global Forensic Technologies Market, By Technology (CE, NGS, Rapid DNA Analysis, PCR, and Automated Liquid Handling Technology), by Services, by Application, by Site and Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025 “ has been featured on WiseGuy Reports.
REPORT HIGHLIGHT
The forensic technologies market is estimated to represent a global market of USD 12,689.5 million by 2016 with growth rate of 9.8%.
Market Dynamics
Forensic technologies is defined as the use of advanced technologies to search, retrieve and analyse complex data sets to address investigational, litigation, crime and regulatory issues. Factors such as favourable government initiatives, technological advancements, increasing crime incidents, and other support the market growth. Upsurge in number of violent crime such as murder, intentional homicide, rape, robbery globally is considered to be one of the high impact growth-rendering driver for the uptake of forensic technologies. The study conducted by the United Nations Office on Drugs and Crime (UNODC) in 2021 stated that the global average of intentional homicide was reported to be 6.2 per 100,000 people. Continuous rise in such incidences will boost the demand for advanced forensic technologies, leading the market growth. However, the uncertainty in the pricing policy associated with forensic instruments & reagents, high cost of marketing and sales, unregulated competition from reagents & kits manufacturers may restrict the growth to a considerable level. Additionally, current regulatory scenario is expected to create further impetus for development of forensic field, hence hampers the market growth.
Technology Takeaway
The market is divided into Capillary Electrophoresis, Next Generation Sequencing (NGS), Rapid DNA Analysis, Polymerase Chain Reaction (PCR), Automated Liquid Handling Technology and others. Capillary Electrophoresis and PCR captured giant share of the total market, more than 58.00% share of the market. Increasing use of these techniques in numerous applications such as paternity testing and criminal investigations have supported the market growth. Services segment is categorized into Chemical Analysis, DNA Profiling, Firearms Identification Biometric Analysis, and Others. DNA profiling is expected to overtake the market of chemical analysis in long rung owing to the rising research and development and growing DNA database across the globe. Application segment is studied as Law Enforcements, Pharmacogenetics, and others. By site, the market is analysed into Laboratory Forensic and Portable Forensic.
Regional Takeaway
Regionally, developed regions such as North America and Europe accounted for significant share of the global market, 65.23% in 2016. Advancement in technologies coupled with sophisticated healthcare infrastructure helped these regions to achieve strong growth. Asia Pacific and Middle East countries are also expected to grow with strong growth rate over the forecast period owing to the continuous rise in crime incidents. According to the study published by the CIVITAS Institute for the Study of Civil Society, countries such as South Africa, India, Venezuela, Belize, and Honduras are the top five countries with highest number of crime rates. This would in turn boost the demand for forensic technologies in countries, leading to the market growth. Further, according to the statistics from the Institute for Security Studies, in Africa, incidence of murder has increased from 16,259 murders in 2013 to 17,068 in 2014, 5.0% up compared to the previous year.
Key Vendor Takeaway
Companies such as Agilent Technologies, GE Healthcare, SPEX Forensics, Thermo Fisher Scientific, and others are profiled. Companies are investing large amount in research and development activities to develop novel technologies, aiming to capture large customer base. Introduction of new products help companies to expand their product offering as well as geographic reach. For instance, in December 2014, Pennsylvania based NMS Labs launched RapidHIT Platform, a system designed for rapid human DNA identification. This product launch is anticipated to facilitate public crime laboratories to control costs in DNA testing and provide more probative evidence in the early stages of investigation.
The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.
The years considered for the study are:
Historical Year – 2014 & 2015
Base Year – 2015
Estimated Year – 2016
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, And Suppliers
Manufacturers
Hospitals
Government and Regional Agencies and Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TECHNOLOGY
Capillary Electrophoresis
Next Generation Sequencing
Rapid DNA Analysis
Polymerase Chain Reaction
Automated Liquid Handling Technology
Others
MARKET, BY SERVICES
Chemical Analysis
DNA Profiling
Firearms Identification
Biometric Analysis
Others
MARKET, BY APPLICATION
Law Enforcements
Pharmacogenetics
Others
MARKET, BY SITE
Laboratory Forensic
Portable Forensic
MARKET, BY REGION
North America
Europe
Asia Pacific
Rest of the World
MARKET, BY COUNTRY
Further Breakdown of The North America Market
U.S.
Canada
Further Breakdown of The Europe Market
Germany
France
Rest of Europe
Further Breakdown of The APAC Market
India
China
Rest of APAC
Further Breakdown of The Rest of the World Market
Middle East and Africa
Latin America
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)
Forensic technology plays a vital role in identifying, interpreting and investigating facts and evidence at the site of crime.
It also helps in offering reliable and effective results, resolving different disputes, and solving criminal cases.
According to IMARC Group’s recently published report titled “Global Forensic Technologies Market Size, Share, Growth, Trends, Opportunity and Forecast 2020-2025”, the market is expected to grow at a CAGR of 5.8% during 2020-2025.Market TrendsThe increasing crime rates, in confluence with the growing prevalence of cybercrime, represent one of the key factors bolstering the global forensic technologies market growth.
Apart from this, the rising demand for advanced forensic technologies across the banking, healthcare and telecommunications industries is also strengthening the market growth.
Moreover, leading vendors in the industry are introducing advanced technologies, such as alternative light photography, which utilizes blue and orange light filters to determine the extent of damage on the skin.
These trends are expected to create a positive outlook for the market in the coming years.Key Market Segmentation:Market Breakup by Product1.
Global DNA Forensic Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “ Provides In-Depth Analysis Of Parent Market Trends, Macro-Economic Indicators And Governing Factors Along With Market Attractiveness As Per Segments.Introduction:DNA forensics is a branch of forensic science that focuses on the use of genetic material in criminal investigation to answer questions pertaining to legal situations, including criminal and civil cases.
This report categorizes the market based on manufacturers, regions, type and application.Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2192028 The worldwide market for DNA Forensic is expected to grow at a CAGR of roughly 19.6% over the next five years, will reach 6500 million US$ in 2023, from 2220 million US$ in 2017, according to a new GIR (Global Info Research) study.The DNA forensics market will continue to be led by the sectors with applications in legal, law enforcement and biodefense environments.
Gradually, the balance should shift; as therapeutics derived from forensics origins or incorporated into pharmacogenomic medicines assert a more dominant value in a1.5 billion USD market by 2015.
Roche, Thermo Fisher Scientific, Illumina, Agilent Technologies, Laboratory Corporation, Promega, etc.
Browse the Full Report @ http://www.orbisresearch.com/reports/index/global-dna-forensic-market-by-manufacturers-regions-type-and-application-forecast-to-2023 This report covers Analysis of Global DNA Forensic Market Segment by ManufacturersRoche Thermo Fisher Scientific Illumina Agilent Technologies Laboratory Corporation Promega GE Healthcare QIAGEN LGC Forensics Morpho (Safran) NEC ZyGEM Applied DNA Sciences IncGlobal DNA Forensic Market Segment by regional analysis covers North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.
) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Make an enquiry before buying this report @ http://www.orbisresearch.com/contacts/enquiry-before-buying/2192028 Global DNA Forensic Market Segment by TypeEquipment SuppliesGlobal DNA Forensic Market Segment by Applications, can be divided intoLaw Enforcement Biodefense Healthcare Physical SecuritySome of the Points cover in Global DNA Forensic Market Research Report is:Chapter 1: Describe DNA Forensic Industry Introduction,Product Scope,Market Overview,Market Opportunities,Market Risk,Market Driving ForceChapter 2: To analyze the top manufacturers of DNA Forensic Industry in 2016 and 2017SalesRevenue and priceChapter 3: Competitive analysis among the top manufacturers in 2016 and 2017SalesRevenue and market shareChapter 4: Global DNA Forensic Market by regions from 2013 to 2018SalesRevenue and market shareChapter 5, 6, 7 and 8: Global DNA Forensic Market by key countries in these regionsSalesRevenue and market shareChapter 9 and 10: Global DNA Forensic Market by type and application from 2013 to 2018SalesRevenue and market shareGrowth rateChapter 11:DNA Forensic Industry Market forecast from 2018 to 2023RegionsType and application with sales and revenueChapter 12 and 13:DNA Forensic Industry Sales channelDistributorsTraders and dealersAppendixData sourceAbout Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
Global Forensic Accounting MarketThe boom of the global forensic accounting market 2020 is noticeable by Market Research Future has come into the reading.
The growth would occur at a pace of 8.2% CAGR owing to the development of the new dynamism, which is making active development in the market’s growth, mainly from the years 2018-2025.FREE PDF@ https://www.marketresearchfuture.com/sample_request/8383Notable DevelopmentsGrowth in the historic period resulted from augmented corporate fraudulent activities and the outsourcing of back-end operations to low-cost economies.
The rising numbers of high-profile frauds and the preventive approach of regulators associated with amendments in-laws were the factors liable for forensic audit becoming an emerging and revenue-generating business for accounting firms.
In the case of point, in 2014, about 88 corporate frauds were reported in the USA, out of which 54 were recommended for prosecution, and 79 people were sentenced.
The revelation of frauds committed by financial and non-financial companies has led to numerous changes in the corporate governance of firms around the world, thus driving the demand for forensic audit services as well as the market.Furthermore, forensic audit services are becoming frequent and widespread in banks and large corporations for improved governance and smooth operations.
Public sector and private sector banks execute forensic audits to perceive the accounts which have the potential to become non-performing assets (NPAs).
