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

SAN FRANCISCO, September 5, 2017 /PRNewswire/ --

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.

     (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO )

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.

Browse full research report with TOC on "Forensic Technology Market Analysis By Type (PCR, Capillary Electrophoresis, Next-Generation Sequencing, Rapid DNA Analysis, Microarrays), By Services, By Application, By Location, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/forensic-technology-market

Further key findings from the report 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 witness lucrative CAGR during the forecast period. The lucrative growth rate can be attributed to development of advanced infrastructure for testing 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

Browse related reports by Grand View Research: 

• Acute Coronary Syndrome Market - http://www.grandviewresearch.com/industry-analysis/acute-coronary-syndrome-market

• Medical Imaging Displays and Post-Processing Software Market - http://www.grandviewresearch.com/industry-analysis/medical-imaging-global-displays-and-post-processing-software-market

• Hematology Analyzers and Reagents Market - http://www.grandviewresearch.com/industry-analysis/hematology-analyzers-and-reagents-market

• Pediatric Interventional Cardiology Market - http://www.grandviewresearch.com/industry-analysis/pediatric-interventional-cardiology-market

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

Read Our Blog By Grand View Research: http://www.grandviewresearch.com/blogs/healthcare

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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]

Web: http://www.grandviewresearch.com

SOURCE Grand View Research, Inc.