The global Forensic Technology Market will be worth USD 52.04 billion by 2027, according to a current analysis by Emergen Research. In order to achieve benchmarks in forensic science, governments across the globe are taking different initiatives making it crucial for public safety. This is in turn increasing the horizon of growth for the said market. For example, National Institute of Standards and Technology (NIST) partnered with the National Institute of Justice (NIJ) to develop new techniques to increase workflow
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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