Forensic Technologies Market Size Worth $38.2 Billion By 2025 | CAGR: 9.8%
110 Pages | Published Date : 15 / 11 / 17 | Report Code: AV141 | Report Format: PDF
The global forensic technologies market is expected to grow at growth rate of 9.8% to reach USD 38.2 billion by 2025.
Forensic science is a branch of science, dealing with criminal investigation. Rapid improvement and changes in technologies such as predictive dual quantitation assay, automated extraction methodologies, next generation STR multiplexes and mini-STR kits is projected to improve the forensic capabilities, leading to drive the market growth. Penetration of modern forensic techniques such as alternative light photography, digital surveillance, link analysis software and others is also expected to augment the market growth. Furthermore, rise in criminal incidents is considered to be the most important driving factor for the market growth. According to a report by of Justice Statistics’ National Criminal Victimization Survey over 346,830 cases were reported for sexual assaults and rapes in 2012. Such facts will boost the utilization of forensic techniques, lead the market growth to great extent.
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 captured large share of the total market, accounted for 32.12% in 2016. CE instrument feature with a capillary, an injection, high voltage source, an electrodes and a detector. This instrument enables the separation of a variety of molecules from small inorganic molecules to biopolymers, based on physicochemical mechanism. Commercially, large number of user friendly, effective and sophisticated CE instruments are available at affordable price. 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 analyzed into Laboratory Forensic and Portable Forensic.
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.
Companies such as Agilent Technologies, GE Healthcare, SPEX Forensics, Thermo Fisher Scientific, and others are profiled. Companies are offering new and advanced technologies in forensic business that help them to capture significant market share. For example, leading company, Thermo Fisher Scientific Inc. offers forensic DNA identification kits such as AmpFLSTR Huaxia PCR Direct Amplification Kit, AmpFLSTR NGM Select Express Kit, AmpFLSTR Yfiler Direct Kit, and GlobalFiler Express PCR Amplification Kit to attract customers. Such types of involvement will help companies to enhance their presence in the market.
KEY BENEFITS OF THE REPORT:
- Understanding of the strategies that are being adopted by the key players in this market to stay competitive
- Extensive analysis of the key players dominating the competitive landscape of this market
- In-depth analysis of the key factors are propelling the growth of the global market
- Detailed analysis of the geographic region that will witness the strongest growth
- Granular analysis of the current market scenario and the expected market grow
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
MARKET, BY SERVICES
- Chemical Analysis
- DNA Profiling
- Firearms Identification
- Biometric Analysis
MARKET, BY APPLICATION
- Law Enforcements
MARKET, BY SITE
- Laboratory Forensic
- Portable Forensic
MARKET, BY REGION
- North America
- Asia Pacific
- Rest of the World
MARKET, BY COUNTRY
- Further Breakdown of The North America Market
- Further Breakdown of The Europe Market
- Rest of Europe
- Further Breakdown of The APAC Market
- Rest of APAC
- Further Breakdown of The Rest of the World Market
- Middle East and Africa
- Latin America
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