Forensic Technology Market Poised to Grow at a CAGR of 8.7% by 2024
Infinium Global Research has added a new report on Forensic Technology Market. The report presents analysis of global as well as regional markets of forensic technology market over the period of 2016 to 2024. According to report the global forensic technology market is projected to grow at a CAGR of 8.7% over the forecast period of 2018-2024. It is projected to reach to USD 78.23 billion by the end of 2024.
The global market for forensic technologies is driven by rapid growth in the adoption of these technologies in the emerging markets of Asia-Pacific, as a result the forensic technologies market in the Asia-Pacific region is projected to grow at a CAGR of 9.8% over the next six years which is higher than other regions. Currently, North America accounts for the largest market size in terms of revenue while Europe is the second largest market. Among the types of technologies, DNA profiling accounted for the largest market size over the past couple of years and it is projected to continue its dominance over the forecast period with demonstrating CAGR growth of 10% between 2018 and 2024.
The growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global forensic technology market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the global forensic technology market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the forensic technology market worldwide.
The report segments the global forensic technology market on the basis of by Type and by Services.
Global Forensic Technology Market by Type
· DNA Profiling
· Chemical Analysis
· Finger Print Analysis
· Firearm System Analysis
Global Forensic Technology Market by Services
· Laboratory Forensics (LIMS)
· Forensics As A Service (FaaS)
Companies Profiled in the Report
· Agilent Technologies
· GE Healthcare
· Morpho Group
· Forensic Fluids Laboratories
· LGC Limited
· SPEX Forensics
· Eurofins Medigenomix GmbH
· Neogen Corporation
· NMS LABS
About Infinium Global Research
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