Global Forensic Technologies and Services Market Well Beyond US$ 28.5 Billion by 2024: CMI

GLOBAL FORENSIC TECHNOLOGIES
AND SERVICES MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016–2024
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REPORT DESCRIPTION
Forensic Technologies and Services Market Overview
The Global Forensic Technologies and Services Market was valued at US$ 10,035.1 million in
2015 and is projected to expand at a CAGR of 12.4% during the forecast period (2016–
2024), as highlighted in a new report published by Coherent Market Insights. Rise in crime
activities globally will fuel demand for DNA profiling forensic services hence augment the
market growth.
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DNA is one of the most important differentiating factor for all living beings. The base of this
different nature and individuality lies in the genetic material encoded by each organism in its
deoxyribonucleic acid. As every person has a unique DNA sequence, it becomes easy for a
forensic expert to identify the criminal, it states as human or a particular species of bird or
animal, individuals within each group will have their own exclusive sequences. The DNA
profiling helps the experts with genetic information which is stored in DNA cells, with the
detailed linear order of spirals of four chemicals (called nucleotides) constitute individual
genes. These genetic factor or genes translate the specific protein products that are needed
for the cells of an organism to multiply and function. In each individual, the deoxyribonucleic
acid in every cell is split into 23 pairs of chromosomes. When the coding sequence is
disrupted by long stretch DNA, then it is called junk DNA and in biotechnology these
changes are captured and recorded forms the basis of DNA profiling which further allows
scientists to discriminate between individuals
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REPORT DESCRIPTION
There are two types DNA fingerprinting tests globally and are referred as Restriction
fragment length polymorphism and polymerase chain reaction and amplification of short
tandem repeats (STRs). Other diagnostic methods exist, but these methods lack accuracy
and precision.
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Restriction fragment length polymorphism is considered as more efficient because of the
sample size and fresh DNA sample utility. Though the Restriction fragment length
polymorphism is relatively expensive and takes a longer time to detect the substance, the
experts prefer this as it has very negligible chances of error in detecting the junk DNA as
compared to short tandem repeats (STRs). Some of the application of DNA fingerprinting are
Paternity and Maternity Determination, Personal Identification, Diagnosis of Inherited
Disorders, Development of Cures for Inherited Disorders, Detection of AIDS, and Breeding
Program etc.
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REPORT DESCRIPTION
Key takeaways of the forensic technologies and services market:
• The global forensic technologies and services market is expected to expand at a CAGR
of 12.4% during the forecast period (2016–2024) as there exists a huge unrealized
market especially in Asia Pacific, Latin America, Middle East and Africa
• The DNA profiling segmented under by type will dominate the forensic technologies
and services market as there are many unresolved crime cases which can only be
solved after DNA identification
• Laboratory Forensic dominates the market in terms of market share and revenue
throughout the forecast period.
• Some of the major players involved in global forensic technologies and services
market are Agilent Technologies, Inc., Creative Forensic Services, eDirect Impact, LLC,
Capsicum Group LLC, Computer Forensic, Inc., Illumina, Inc., BAE Systems plc, and
others.
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The Global Forensic Technologies and Services Market was valued at US$ 10,035.1 million in 2015 and is projected to expand at a CAGR of 12.4% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Rise in crime activities globally will fuel demand for DNA profiling forensic services hence augment the market growth. DNA is one of the most important differentiating factor for all living beings. The base of this different nature and individuality lies in the genetic material encoded by each organism in its deoxyribonucleic acid. As every person has a unique DNA sequence, it becomes easy for a forensic expert to identify the criminal, it states as human or a particular species of bird or animal, individuals within each group will have their own exclusive sequences. Request Sample Copy of the Business Report: https://www.coherentmarketinsights.com/insight/request-sample/367