Global Forensic Technology Market Analysis 2017-2023: Market was Valued at $8 Billion in 2016, and is Estimated to Reach $21 Billion by 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Forensic Technology Market Analysis (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

Forensic Technology Market was valued at $8 billion in 2016, and is estimated to reach $21 billion by 2023, growing at a CAGR of 14% during the forecast period.

Forensic technology has grown into a major tool in the court of law. It is used with an objective to investigate crime. Increasing crime rates and growing need to solve finesse crimes using advanced technologies are the factors that would drive the growth of the global forensic technologies market. Additionally, government initiatives in the form of funding to support forensic research would further add to the growth of the market. However, questionable accuracy of the results through the use of these technologies would limit the market growth.

Rapid growth in the number of violent crimes across the globe is a powerful driver to the forensic technologies market growth. Intentional homicide, murder, rape, and robbery are the reasons that demand forensics.

Other factor that is contributing to the market growth is increasing investments by various public and private organizations for forensic research. For instance, the Debbie Smith DNA Backlog Grant Program provides funds to local as well as state governments to reduce the backlog of untested and unanalyzed DNA evidences.

The purposes served by this grant are analyzing biological samples that fall under applicable legal authority, enhancing the capacity of the state and local laboratories to conduct DNA analysis, and ensure streamlined analysis.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

Chapter 3. Global Forensic Technology Market

Chapter 4. Global Forensic Technology Market by Product

Chapter 5. Global Forensic Technology Market by Region

Chapter 6. Company Profiles

  • Thermo Fisher Scientific
  • General Electric (GE)
  • Agilent Technologies
  • Forensic Pathways
  • Eurofins Scientific
  • LGC Limited
  • SPEX Forensics, Inc.
  • Neogen Corporation
  • NMS Labs, Inc.
  • IDEMIA

For more information about this report visit https://www.researchandmarkets.com/research/mw7sgp/global_forensic?w=4

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Computing Services