Asia-Pacific is the Fastest Growing Region in The Global Forensic Technologies Market
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.
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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