The global forensic technologies market is growing significantly due to increasing rate of crime across the globe, technological advancements in forensic techniques, and increasing number of forensic laboratories. In addition, increasing demand and awareness for DNA testing are supporting growth of global forensic technologies market. Outsourcing of crime cases by government laboratories to privately held laboratories is creating ample opportunities for private players in global forensic technologies market. Moreover, increasing number of crime cases along with lack of service providers are creating abundant opportunities for the global forensic technologies market to grow at a considerable rate in the coming years. The advanced research and development of new products and technologies by the major players are propelling the demand for cost effective and efficient forensic techniques.
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Some of the factors driving the growth of the global forensic technologies market are increasing incidences of crime across the globe, technological advancements in forensic techniques, and peer pressure of solving crime cases. In addition, high investigator’s compliance for DNA testing, and increasing demand of mobile forensic techniques are propelling the growth of the global forensic technologies market. On the other hand, lack of skilled professionals and high cost of advanced forensic techniques are some of the factors restraining the growth of the global forensic technologies market to some extent.
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Geographically, Europe and North America lead the global forensic technologies market due to high incidences of crime, technological advancements in forensic sciences, and high investigator’s compliance for advanced forensic techniques such as DNA profiling, firearm analysis, and biometric analysis techniques. In addition, presence of a large number of forensic laboratories drives forensic technologies market in Europe and North America. Asia-Pacific is the fastest growing region in the global forensic technologies market. The major reasons for the fastest growth in the region are increasing crime cases, increasing government funding, and technological advancements. Moreover, the forensic technologies market is growing rapidly due the ongoing DNA data base programs, and rising adoption rate of forensic techniques in emerging economies, such as South Africa and China.
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Some of the major players operating in the global forensic technologies market are GE Healthcare, Agilent Technologies, Eurofins Medigenomix Gmbh, Pyramidal Technologies Ltd., Life Technologies Inc., SPEX Forensics, NMS Labs Inc., LGC Forensics among others.
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