Lucintel Forecasts Forensic Technology Market to Grow at a CAGR of 12%-14%

According to the recent study the forensic technology market is projected to grow at a CAGR of 12%-14% from 2020 to 2025. Growth in this market is primarily driven by rising number of violent crimes and increasing unsolved cases due to absence of concrete evidence, which require forensic technologies.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in forensic technology market by type (PCR, capillary electrophoresis, NGS, rapid DNA analysis, automated liquid handling technology, microarrays, and others), service (DNA profiling, chemical analysis, biometric analysis, firearms identification, and others), location (laboratory forensic technology and portable forensic technology), application (pharmacogenetics, biodefense & biosurveillance, judicial/law enforcement, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Chemical analysis market is expected to remain the largest segment during the forecast period.”       

Based on service, the forensic technology market is segmented into DNA profiling, chemical analysis, biometric analysis, firearms identification, and others. Lucintel forecasts that the chemical analysis market is expected to remain the largest segment during the forecast period due to rising preference of forensic experts towards chemical analysis on cases of drug abuse.

“Within the forensic technology market, the biotechnology & pharmaceutical companies segment is expected to remain the largest application.”    

Based on application, the judicial/law enforcement segment is expected to witness the largest segment over the forecast period due to rising efforts by government authorities to create DNA databases and adoption techniques by lab technicians that help in gathering information from DNA samples at reduced costs and time.

“North America will dominate the forensic technology market in near future.”

North America is expected to be the largest region over the forecast period due to increasing violent crimes, rising adoption of forensics by private companies and law enforcement agencies in the healthcare sector, and presence of advanced healthcare infrastructure leading to efficiency of forensic studies in the region.

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Major players of forensic technology market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Agilent Technologies, Thermo Fisher Scientific, SPEX Forensics, and LGC are among the major forensic technology providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/forensic-technology-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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