Forensic Technology Market Forecast to 2027

Global Forensic Technology Market Research Report and Forecast to 2027 is an in-depth study of the global Forensic Technology Market, including market size, market share, current and emerging trends, and the most recent technological developments. The report also provides insight into the global and regional competitive landscape of the Forensic Technology Market, as well as a detailed forecast to 2027. The impact of the COVID-19 pandemic on the Forensic Technology Market has been updated in the new report. It examines the pandemic's impact on the economic landscape and government regulations in each region. It also investigates the supply chain disruptions and economic volatility caused by the pandemic and provides a current and prospective outlook.

According to a recent study by Emergen Research, the value of the global forensic technology market would reach USD 52.04 billion by 2027. Governments all around the world are launching a variety of programmes to reach forensic science criteria, which is essential for ensuring the safety of the public. This is expanding the market's potential for growth in turn. To boost workflow, the National Institute of Justice (NIJ) and the National Institute of Standards and Technology (NIST) collaborated on a number of projects.

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The global Forensic Technology market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Forensic Technology industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

Agilent Technologies, Belkasoft, Cellbrite, Cyfor, Eurofins Medigenomics Gmbh, Forensic Fluids, Insig2

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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.

Market Overview:

The report bifurcates the Forensic Technology market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion; 2017-2027)
    • Polymerase Chain Reaction (PCR)
    • Capillary Electrophoresis
    • Next Generation Sequencing
    • Rapid DNA Analysis
    • Automated Liquid Handling Technology
    • Microarrays Arms
  • Application Type Outlook (Revenue, USD Billion; 2017-2027)
    • Healthcare
    • Law enforcement agencies
    • Banking and financial institutions
    • Telecom
  • Regional Outlook (Revenue, USD Billion; 2017-2027)
    • North America
  1. U.S.
  2. Canada
  3. Mexico
Europe
  1. Germany
  2. UK
  3. France
  4. BENELUX
  5. Rest of Europe
Asia Pacific
  1. China
  2. Japan
  3. South Korea
  4. Rest of APAC
Latin America
  1. Brazil
  2. Rest of LATAM
MEA
  1. Saudi Arabia
  2. UAE
  3. Rest of MEA

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

  • 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)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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