Forensic Technology Market Size, Share, Trend, Opportunity Assessment and Global Forecast to 2025 | Top Key Players; Agilent Technologies, GE Healthcare, SPEX Forensics, and Thermo Fisher Scientific

AnalystView Market Insights recently introduced in-depth study on Global Forensic Technology Market, describing about different technologies, services, application, site and geographies which elaborates market outlook and status to 2025.

According to this study, by the end of 2025, global forensic technology market is expected to reach USD 38.2 billion, growing at the growth rate of 9.8%. This proposed study provides comprehensive analysis on forensic technology market based on its growth potential, market drivers, barriers, future opportunities, key players’ market strategies and detailed qualitative analysis for industry segments. Strategic analyses such as Porter’s five forces, PEST analysis, leading companies’ market share (value %), and value chain analysis will also be included which will help you to take strategic decision with respect to this market.

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.

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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.

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Global Forensic Technologies Market: Snapshot

- Market, by Technology
Capillary Electrophoresis, Next Generation Sequencing, Rapid DNA Analysis, Polymerase Chain Reaction, Automated Liquid Handling Technology and Others

- Market, by Services
Chemical Analysis, DNA Profiling, Firearms Identification, Biometric Analysis and Others

- Market, by Application
Law Enforcements, Pharmacogenetics and Others

- Market, by Site
Laboratory Forensic and Portable Forensic

- Market, by Region
North America (U.S. and Canada), Europe (France and Germany), Asia Pacific (India and China), Middle East and Africa, Latin America and Rest of the World

Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
- Agilent Technologies
- GE Healthcare
- SPEX Forensics
- Thermo Fisher Scientific

USP of our key vendor analysis:
Well-designed strategic framework design for these key players will help to understand the market movement including regional expansion, mergers & acquisitions, and new product developments
Thorough SWOT i.e. Strength, Weakness, Opportunities and Threat for individual company profiling is analyzed in order to present a detailed market opportunity assessment.

Key benefits of the report:
• The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• A thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

Research Methodology:
- Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
- Data Synthesis & Analysis: Top-Down Approach, Bottom-Up Approach, Supply Side and Demand Side
- Market Formulation: Market Dynamics, Total Addressable Market and Machine Learning Technique
- Data Verification: Quality Assurance and Reach a Conclusion

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