The latest industry intelligence research on the Forensic Technology market offers a repository of valuable data on the size, share, and growth rate of the Forensic Technology market for the forecast period, 2020 - 2027. Importantly, examination of various facets of the industry including but not limited to production volume, product sales, demand and supply assessment and forecast for the period, 2020 - 2027 aim at offering business owners a competitive edge over their rivals. The study further conducts a qualitative evaluation of various driving forces expected to shape the future of the industry during the estimated period. The global Forensic Technology Market will be worth USD 52.04 billion by 2027, according to a current analysis by Emergen Research.
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.
Key participants include Cytiva, 3M, Eurofins Scientific,
Agilent Technologies, NMS Lab, LGC Group, LGC Limited, Thermo Fisher Scientific
and Micro Systemation among others.
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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
Europe
Asia Pacific
Latin America
MEA
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