Forensic Technology Market Is Predicted To Reach $40.4 Billion By 2025: Grand View Research, Inc.

Posted on 2018-11-16 by researchinsights in Biotech, Healthcare, Pharmaceuticals, Technology // 0 Comments

San Francisco, United States, 2018-Nov-16 — /EPR Network/ —The global forensic technology market is expected to reach USD 40.4 billion by 2025, according to a new report by Grand View Research, Inc. Innovations in forensic science lead to the development of advanced techniques for solving crimes and increasing the efficiency of DNA testing. Government initiatives for achieving progress in research in forensic science, which is critical for public safety, is widening the scope for forensic technologies market growth. For instance, National Institute of Justice (NIJ) entered into a partnership with National Institute of Standards and Technology (NIST), and National Science Foundation (NSF) to develop new techniques.

These organizations have also jointly initiated Industry/University Cooperative Research Centers Program that aids in industry and academic collaborations for efficient R&D in forensic science. One of the major contributions by this program includes development of practices for preservation and handling of DNA &other biological evidence. These agenda of this program is to enhance the interoperability of national as well as regional automated fingerprinting identification systems, limit investigator bias, and develop standards for efficient analysis in criminal cases.

To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/forensic-technology-market

U.S. forensic technology market by product, 2014 – 2025 (USD Million)

Further key findings from the study suggest:

Capillary electrophoresis accounted for the largest part of the type segment in 2016. This can beattributed to high penetration in various applications such as toxicology studies, illicit drug analysis, and ballistics
In the services segment, chemical analysis captured the dominant share in 2016. This is a result of increasing adoption of this technique in fire debris analysis, serology, bloodstain pattern analysis, and fingerprinting
In the application segment, judicial/law enforcement held the largest part in 2016 owing to the growing number of government initiatives intended toward clearing backlogs of criminal cases that require concrete evidence
Laboratory technology held a substantial share of the location segment. This is a consequence of consistent usage due to its ability to analyze a large number of samples
North America held the largest share of the market owing to the increase in number of supportive government initiatives aimed toward promoting usage of forensic technologies
Asia Pacific is anticipated to witnesslucrative CAGR during the forecast period. The lucrative growth rate can be attributed to development of advanced infrastructure fortesting facilities
High competition has been observed as a result of key players adopting strategies that include new product development and strategic collaborations & agreements to gain competitive advantage

Related Report of Medical Devices:

Grand View Research has segmented the global forensic technologies market on the basis of type, services, application, location,and region:

Forensic Technology Type Outlook (Revenue, USD Million, 2014 – 2025)

Polymerase Chain Reaction (PCR)
Capillary Electrophoresis
Next-Generation Sequencing (NGS)
Rapid DNA Analysis
Automated Liquid Handling Technology
Microarrays
Others

Forensic Technology Services Outlook (Revenue, USD Million, 2014 – 2025)

DNA Profiling
Chemical Analysis
Biometric Analysis
Firearms Identification
Others

Forensic Technology Application Outlook (Revenue, USD Million, 2014 – 2025)

Pharmacogenetics
Biodefense & Biosurveillance
Judicial/Law Enforcement
Others

Forensic Technology Location Outlook (Revenue, USD Million, 2014 – 2025)

Laboratory Forensic Technology
Portable Forensic Technology

Forensic Technology Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
Asia Pacific
- Japan
- China
- India
Latin America
- Brazil
- Mexico
Middle East & Africa
- South Africa

Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-forensic-technology-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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