North America to Dominate Forensic Technology Market During Forecast Period
Rapid adoption of forensic
technologies and equipment such as DNA sequences, magnetic fingerprinting,
integrated ballistic systems, among others to drive the growth of global
forensic technology market.
According
to TechSci Research report, “Global Forensic Technology Market By Product, By
Technology, By Application, By Region, Forecast & Opportunities, 2025”, the global forensic technology market is expected to grow
at a robust rate during the forecast period on account of the increasing
investments by various public and private organizations for forensic research. However,
lack of accuracy in the results obtained using these technologies can hamper
the growth of market during forecast period. The global forensic technology market is segmented based on product,
technology, application, company and region. Based on technology, the market
can be fragmented into DNA profiling, fingerprinting analysis, drug analysis,
and firearm analysis. The DNA profiling segment is expected to dominate the
market during forecast period attributable to its wide range of applications in
body fluid identification, paternity testing, examination of drug abuse, and
identification of disaster victims.
3M Company, Agilent Technologies,
Belkasoft, General Electric Company, LGC Limited, MorphoTrust USA, NMS Lab,
Thermo Fisher Scientific Inc, Ultra-Electronics Forensic Technology, SPEX
Forensics and others are some of the leading players operating
in global forensic technology market. The companies operating in the market are
using organic strategies such as product launches, mergers and collaborations
to boost their share.
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“North America is expected to dominate
the market for forensic technology during the forecast period, owing to the
increase in the adoption of
forensics by private companies and law enforcement agencies amongst various
sectors including healthcare in the region. Additionally, an exponential rise
in the number of criminal activities in the region is further driving the market
in the region.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Forensic Technology Market By Product, By
Technology, By Application, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global forensic
technology market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global forensic technology market.
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