What is Forensic science Market?
Forensic science are used for identification, interpretation and assessment of substantial evidence gathered from the site of the crime. For instance, enhanced fingerprint retrieval from metal objects such as gun cartridges and various metal ammunition, the role of chemistry to identify the chemical and biological weapons, and integration of advanced technologies which can improve the detection of various drugs and explosives materials at security checkpoints. These technological advancements have helped the market with reduced costs in practical applications, which enhances the affordability of forensic applications in various fields and thus, increases the demand for the very market.
The market study is being classified by Type (Automated Liquid Handling Technology, Capillary Electrophoresis, Polymerase Chain Reaction (PCR), Next Generation Sequencing, Rapid DNA Analysis, Microarrays and Others), by Application (Pharmacogenetics, Biodefense & Biosurveillance, Judicial/Law Enforcement and Others) and major geographies with country level break-up.
Agilent Technologies (United States), Promega (United States), Thermo Fisher Scientific (United States), QIAGEN (Netherlands), Eurofins (Luxembourg), LGC Forensics (United Kingdom), NMS Labs (United States) and MSAB (Sweden) are some of the key players profiled in the study.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Forensic science market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Forensic science market by Type, Application and Region.
On the basis of geography, the market of Forensic science has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing penetration rate of cybercrime on a global scale
- Increasing research and development activities in the DNA sequencing area coupled with automated fingerprint identification and facial reconstruction
- Surging investment by government and numerous supportive reimbursement policies
- Increasing technological advancement in the forensic science
- Lack of highly skilled operator in emerging economies
- Growing cases that require support from advanced forensic science is creating lucrative opportunities for growth in the upcoming years
- High cost of forensic science
- The administrative limitations in wide-ranging industries
National Institute of Justice (NIJ) and National Science Foundation (NSF) jointly initiated an Industry/ University Cooperative Research Center to improve university and industry collaboration in forensic science R&D and education. Moreover, NIJ has established a partnership with the National Science Foundation (NSF) and the National Institute of Standards and Technology (NIST) to promote innovation in forensic science. In addition, NIJ funds forensic science projects to promote fundamental forensic science
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
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