The global forensic technologies market is expected to grow by USD 8.88 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 8%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200907005094/en/

Technavio has announced its latest market research report titled Global Forensic Technologies Market 2020-2024 (Graphic: Business Wire)

Request challenges and opportunities influenced by COVID-19 pandemic – Request Free Sample Report on COVID-19 Impacts

Read the 120-page report with TOC on “Forensic Technologies Market Analysis Report by Technique (capillary electrophoresis, PCR, and others), Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/forensic-technologies-market-industry-analysis

The market is driven by the increasing crime rate demanding better investigation methods. In addition, the growing importance of next-generation sequencing (NGS) is anticipated to boost the growth of the forensic technologies market.

Globally, crime rates have increased over the years. This has created a need for advanced technology and intelligence in solving crimes. For instance, in 2016, the global average homicide rate in OCED countries stood at 4.1 murders per 100,000 inhabitants. The rise in the number of such incidences and sophistication of crimes has resulted in the growth of unresolved cases. This has, in turn, led to an increase in the number of crime laboratories worldwide, thus creating a significant demand for high-quality forensic products and services. These factors are fueling the growth of the global forensic technologies market.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Story continues

View market snapshot before purchasing

Major Five Forensic Technologies Companies:

AB SCIEX LLC

AB SCIEX LLC operates its business through the Unified product segment. The company offers a comprehensive range of forensic analysis solutions for anti-doping and forensic toxicology that are easy to incorporate into existing laboratory operations.

Agilent Technologies Inc.

Agilent Technologies Inc. operates its business through segments such as Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The company offers a line of products such as controlled substances/seized drugs, doping control, forensic toxicology, and workplace drug testing among others.

Cytiva

Cytiva operates its business through the Unified segment. The company offers a line of laboratory filtration products such as blot membranes, dipstick pads, lateral flow pads, and flow through membranes among others under the product line Whatman DX components.

Illumina Inc.

Illumina Inc. operates its business through the Unified segment. The company offers next-generation sequencing (NGS) technology and informatics that increases the degree of certainty in the focused power of NGS-based forensic genomics approaches.

LGC Ltd.

LGC Ltd. operates its business through the Unified segment. The company offers a line of products such as forensic blood toxicology, forensic analysis for explosives, and Forensic Isotope Ratio Mass Spectrometry (FIRMS) among others.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Forensic Technologies Market Technique Outlook (Revenue, USD Billion, 2020-2024)

Forensic Technologies Market Geography Outlook (Revenue, USD Billion, 2020-2024)

• North America

• Europe

• APAC

• South America

• MEA

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Related Reports on Healthcare Include:

Global Microbiome Sequencing Services Market – Global microbiome sequencing services market by end-user (pharmaceutical and biotechnology companies, research and academic institutes, and direct-to-consumer service providers) and geography (Asia, Europe, North America, and ROW).

Global Biodefense Market – Global biodefense market by application (anthrax, smallpox, botulism, and others) and geography (North America, Europe, Asia, and ROW).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200907005094/en/

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/