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Forensic Technology Market Report Scope & Overview:

The Forensic Technology Market size was estimated USD 4.9 billion in 2022 and is expected to reach USD 10.5 billion by 2030 at a CAGR of 10.0% during the forecast period of 2023-2030. 

The application of scientific procedures and techniques to gather, analyze, and interpret evidence from crime scenes or other situations to aid in the investigation and settlement of criminal cases is referred to as forensic technology. It includes DNA analysis, fingerprint identification, digital forensics, ballistics analysis, toxicology, and other fields.

Forensic Technology Market Revenue Analysis

MARKET DYNAMICS

DRIVERS

  • Rising criminal activity increases demand for forensic technology solutions.

  • Continuous innovation improves the accuracy of forensic investigations

  • Use of new technologies to solve criminal cases

A variety of reasons are primarily responsible for propelling the global market for forensics technology forward. Some of these causes include an increase in the number of crimes committed and the use of more modern technologies in criminal investigation and resolution.

  • Rising criminal activities fuel demand for forensic technology solutions

The key factor driving the market's rise is the recent increase in the number of violent crimes perpetrated around the world. This has recently been the case. Furthermore, homicide on a global scale, robbery, sexual assault, and murder are other factors driving market growth by increasing demand for forensics. Furthermore, the countries of North and South America have been responsible for a significant amount of the recent increase in crime rates. Africa and Asia have followed in this trend, which is expected to give an opportunity for expansion in the next years.

RESTRAIN 

  • High price

The high costs associated with this technology are the principal impediment to commercial expansion, particularly in Asia Pacific and Africa's developing and emerging economies.

OPPORTUNITY 

  • Increasing reliance on digital raises demand for digital forensic tools

  • AI integration improves data analysis and pattern detection

  • Increasing crime rate is the most promising potential

The increase in the number of criminal cases, along with a scarcity of service providers and the outsourcing of criminal cases from government laboratories to privately operated facilities, is providing a plethora of opportunities in the field. The industry's key companies are actively engaged in research and development in order to introduce cost-effective and efficient forensic techniques. Furthermore, the growing demand for mobile forensic analysis services, as well as investigators' preference for DNA testing, are moving the market forward.

CHALLENGES

  • Rising use of laboratory information management software benefits technicians

IMPACT OF RUSSIAN UKRAINE WAR

The Russian invasion and accompanying military combat have had catastrophic implications for all people in Ukraine, with casualties increasing by the day. Human rights and IHL abuses that amount to crimes under international law have been widely recorded. Despite the invasion and occupation of sections of the country, Ukraine's court system has shown tenacity and has continued to function, albeit in a limited capacity.

IMPACT OF ONGOING RECESSION

Recessions or fears of recession in the United States, China, Europe, or other key markets may reduce demand for or profitability of our products and services, and the impact of developments outside the United States on GE Healthcare business performance can be significant given the scope of our global operations. Furthermore, political developments and trends such as populism, protectionism, economic nationalism, and anti-multinational attitude, as well as tariffs, export controls, limits on outbound investment, or other trade obstacles, sanctions, technical or local content laws, are also factors to consider.

KEY SEGMENTS

By Type

  • Polymerase Chain Reaction (PCR)

  • Capillary Electrophoresis

  • Next Generation Sequencing (NGS)

  • Rapid DNA Analysis

  • Automated Liquid Handling Technology

  • Microarrays

  • Others

In 2022, Analyzers segment is expected to held the highest market share of 32.7% during the forecast period owing to the benefits supplied by the approach. The approaches' advantages include lower danger of cross-contamination, faster processing, less sample consumption, online detection, improved resolution, and user-friendly techniques. This method also facilitates in the quantification and quick profiling of anionic species found in explosives and toxins. Because of its tiny sampling capabilities, convenience of sample preparation, and easy detection methods, capillary electrophoresis is widely utilized.

By Service

  • DNA Profiling

  • Chemical Analysis

  • Biometric Analysis

  • Firearms Identification

  • Others

In 2022, DNA profiling segment is expected to held the highest market share of 44.3% during the forecast period. This substantial percentage can be due to the wide range of applications of DNA profiling in disaster victim identification, paternity testing, drug abuse examination, and blood fluid identification. Increased R&D and expanding DNA databases are projected to boost expansion even further.

By Location

  • Laboratory Forensics Technology

  • Portable Forensics Technology

In 2022, the laboratory forensics technology segment is expected to dominate the market growth of 70.4% during the forecast period. attributed to the presence of testing instruments, they are enormous and geared for the analysis of a huge number of samples. Various regulations have been established to assure the high quality of forensic laboratories in order to produce more accurate results. Forensic specialists frequently use laboratory equipment since it is reasonably inexpensive.

By Application

  • Pharmacogenetics

  • Biodefense & Bio surveillance

  • Judicial/Law Enforcement

  • Others

Forensic Technology Market Segmentation Analysis

In 2022, judicial/law enforcement segment is expected to dominate the market growth of 35.7% during the forecast period due to the continual efforts of government bodies around the world to develop DNA databases are the primary growth contributing factors. The DNA Identification Act of 1994 in the United States empowered the FBI to build a national DNA database to aid in the settlement of backlog criminal cases, resulting in a wide spectrum of forensics utilized in the administration of justice.

REGIONAL ANALYSES

North America held a significant market share growing with a highest CAGR of 35.4% in 2022. As the number of criminal cases increases, so does the number of forensic analyses in the region. Law enforcement and commercial businesses are increasing the use of forensic services in a variety of industries, including healthcare. Similarly, advancements in sophisticated forensic procedures and enhanced healthcare infrastructure have increased the efficacy of forensic analysis performed in the region, which is likely to boost regional market growth.

Asia-Pacific is witness to expand fastest CAGR rate of 11.7% during the forecast period. due to the usage of forensic technology is increasing in countries such as China, India, and Japan. The rising crime rate, increased government efforts to modernize forensic facilities, and the requirement for precise and timely investigations are some of the factors driving market expansion in this region. Furthermore, the presence of key players is fueling the market in this region.

REGIONAL COVERAGE

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

The major key players are Agilent Technologies, GE Healthcare, Thermo Fisher Scientific, Inc., Promega Corporation, NMS Labs, Eurofins Medigenomix GmbH, LGC Forensics, Forensic Pathways, SPEX Forensics, Forensic Fluids Laboratories, Pyramidal Technologies Ltd, and Others.

Agilent Technologies-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENT

  • Promega Corporation, in January 2023, Promega Corporation announced the Power Plex 35GY system, a DNA analysis kit that allows forensic labs to solve more difficult cases, including sexual assault cases, in January 2023.

  • Thermo Fisher, in June 2022, to stay up with the ever-changing world of developing and illegal drugs, Thermo Fisher introduced an LC-MS system for forensic toxicology in June 2022.

  • in January 2022, the National Institute of Justice announced USD 4.5 million in financing for the forensic technology center of excellence in January 2022, with the goal of providing evidence-based knowledge and technology tools to criminal justice authorities.

Forensic Technology Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 4.9 Billion
Market Size by 2030  US$ 10.5 Billion
CAGR   CAGR of 10.0 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (PCR, Capillary Electrophoresis, NGS, Rapid DNA Analysis, Automated Liquid Handling Technology, Microarrays, Others)
• By Services (S DNA Profiling, Chemical Analysis, Biometric Analysis, Firearms Identification, Others)
• By Location (Laboratory Forensics Technology, Portable Forensics Technology)
• By Application (Pharmacogenetics, Biodefense & Bio surveillance, Judicial/Law Enforcement, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Agilent Technologies, GE Healthcare, Thermo Fisher Scientific, Inc., Promega Corporation, NMS Labs, Eurofins Medigenomix GmbH, LGC Forensics, Forensic Pathways, SPEX Forensics, Forensic Fluids Laboratories, Pyramidal Technologies Ltd
Key Drivers • Rising criminal activity increases demand for forensic technology solutions.
• Continuous innovation improves the accuracy of forensic investigations
• Use of new technologies to solve criminal cases
Market Opportunity • Increasing reliance on digital raises demand for digital forensic tools
• AI integration improves data analysis and pattern detection
• Increasing crime rate is the most promising potential

 

Frequently Asked Questions

Ans: Process Analytical Technology Market size was valued at USD 4.9 billion in 2022.

Ans: The forensic technology market is expected to grow at 10.0% CAGR from 2023 to 2030.

Ans: According to our analysis, the forensic technology market is anticipated to reach USD 10.5 billion by 2030.

Ans: Rising criminal activity increases demand for forensic technology solutions.

Ans: Yes, you may request customization based on your company's needs.

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Forensic Technology Market Segmentation, by Type
8.1 Polymerase Chain Reaction (PCR)
8.2 Capillary Electrophoresis
8.3 Next Generation Sequencing (NGS)
8.4 Rapid DNA Analysis
8.5 Automated Liquid Handling Technology
8.6 Microarrays
8.7 Others

9. Forensic Technology Market Segmentation, by Services
9.1.1 DNA Profiling
9.1.2 Chemical Analysis
9.1.3 Biometric Analysis
9.1.4 Firearms Identification
9.1.5 Others

10. Forensic Technology Market Segmentation, by Location
10.1 Laboratory Forensics Technology
10.2 Portable Forensics Technology

11.  Forensic Technology Market Segmentation, by Application
11.1 Pharmacogenetics
11.2 Biodefense & Bio surveillance
11.3 Judicial/Law Enforcement
11.4 Others

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Forensic Technology Market by Country
12.2.2North America Forensic Technology Market by Type
12.2.3 North America Forensic Technology Market by Services
12.2.4 North America Forensic Technology Market by Location
12.2.5 North America Forensic Technology Market by Application
12.2.6 USA
12.2.6.1 USA Forensic Technology Market by Type
12.2.6.2 USA Forensic Technology Market by Services
12.2.6.3 USA Forensic Technology Market by Location
12.2.6.4 USA Forensic Technology Market by Application
12.2.7 Canada
12.2.7.1 Canada Forensic Technology Market by Type
12.2.7.2 Canada Forensic Technology Market by Services
12.2.7.3 Canada Forensic Technology Market by Location
12.2.7.4 Canada Forensic Technology Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Forensic Technology Market by Type
12.2.8.2 Mexico Forensic Technology Market by Services
12.2.8.3 Mexico Forensic Technology Market by Location
12.2.8.4 Mexico Forensic Technology Market by Application
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Forensic Technology Market by Country
12.3.1.2 Eastern Europe Forensic Technology Market by Type
12.3.1.3 Eastern Europe Forensic Technology Market by Services
12.3.1.4 Eastern Europe Forensic Technology Market by Location
12.3.1.5 Eastern Europe Forensic Technology Market by Application
12.3.1.6 Poland
12.3.1.6.1 Poland Forensic Technology Market by Type
12.3.1.6.2 Poland Forensic Technology Market by Services
12.3.1.6.3 Poland Forensic Technology Market by Location
12.3.1.6.4 Poland Forensic Technology Market by Application
12.3.1.7 Romania
12.3.1.7.1 Romania Forensic Technology Market by Type
12.3.1.7.2 Romania Forensic Technology Market by Services
12.3.1.7.3 Romania Forensic Technology Market by Location
12.3.1.7.4 Romania Forensic Technology Market by Application
12.3.1.8 Hungary
12.3.1.8.1 Hungary Forensic Technology Market by Type
12.3.1.8.2 Hungary Forensic Technology Market by Services
12.3.1.8.3 Hungary Forensic Technology Market by Location
12.3.1.8.4 Hungary Forensic Technology Market by Application
12.3.1.9 Turkey
12.3.1.9.1 Turkey Forensic Technology Market by Type
12.3.1.9.2 Turkey Forensic Technology Market by Services
12.3.1.9.3 Turkey Forensic Technology Market by Location
12.3.1.9.4 Turkey Forensic Technology Market by Application
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Forensic Technology Market by Type
12.3.1.10.2 Rest of Eastern Europe Forensic Technology Market by Services
12.3.1.10.3 Rest of Eastern Europe Forensic Technology Market by Location
12.3.1.10.4 Rest of Eastern Europe Forensic Technology Market by Application
12.3.2 Western Europe
12.3.2.1 Western Europe Forensic Technology Market by Country
12.3.2.2 Western Europe Forensic Technology Market by Type
12.3.2.3 Western Europe Forensic Technology Market by Services
12.3.2.4 Western Europe Forensic Technology Market by Location
12.3.2.5 Western Europe Forensic Technology Market by Application
12.3.2.6 Germany
12.3.2.6.1 Germany Forensic Technology Market by Type
12.3.2.6.2 Germany Forensic Technology Market by Services
12.3.2.6.3 Germany Forensic Technology Market by Location
12.3.2.6.4 Germany Forensic Technology Market by Application
12.3.2.7 France
12.3.2.7.1 France Forensic Technology Market by Type
12.3.2.7.2 France Forensic Technology Market by Services
12.3.2.7.3 France Forensic Technology Market by Location
12.3.2.7.4 France Forensic Technology Market by Application
12.3.2.8 UK
12.3.2.8.1 UK Forensic Technology Market by Type
12.3.2.8.2 UK Forensic Technology Market by Services
12.3.2.8.3 UK Forensic Technology Market by Location
12.3.2.8.4 UK Forensic Technology Market by Application
12.3.2.9 Italy
12.3.2.9.1 Italy Forensic Technology Market by Type
12.3.2.9.2 Italy Forensic Technology Market by Services
12.3.2.9.3 Italy Forensic Technology Market by Location
12.3.2.9.4 Italy Forensic Technology Market by Application
12.3.2.10 Spain
12.3.2.10.1 Spain Forensic Technology Market by Type
12.3.2.10.2 Spain Forensic Technology Market by Services
12.3.2.10.3 Spain Forensic Technology Market by Location
12.3.2.10.4 Spain Forensic Technology Market by Application
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Forensic Technology Market by Type
12.3.2.11.2 Netherlands Forensic Technology Market by Services
12.3.2.11.3 Netherlands Forensic Technology Market by Location
12.3.2.11.4 Netherlands Forensic Technology Market by Application
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Forensic Technology Market by Type
12.3.2.12.2 Switzerland Forensic Technology Market by Services
12.3.2.12.3 Switzerland Forensic Technology Market by Location
12.3.2.12.4 Switzerland Forensic Technology Market by Application
12.3.2.13 Austria
12.3.2.13.1 Austria Forensic Technology Market by Type
12.3.2.13.2 Austria Forensic Technology Market by Services
12.3.2.13.3 Austria Forensic Technology Market by Location
12.3.2.13.4 Austria Forensic Technology Market by Application
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Forensic Technology Market by Type
12.3.2.14.2 Rest of Western Europe Forensic Technology Market by Services
12.3.2.14.3 Rest of Western Europe Forensic Technology Market by Location
12.3.2.14.4 Rest of Western Europe Forensic Technology Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Forensic Technology Market by Country
12.4.2 Asia Pacific Forensic Technology Market by Type
12.4.3 Asia Pacific Forensic Technology Market by Services
12.4.4 Asia Pacific Forensic Technology Market by Location
12.4.5 Asia Pacific Forensic Technology Market by Application
12.4.6 China
12.4.6.1 China Forensic Technology Market by Type
12.4.6.2 China Forensic Technology Market by Services
12.4.6.3 China Forensic Technology Market by Location
12.4.6.4 China Forensic Technology Market by Application
12.4.7 India
12.4.7.1 India Forensic Technology Market by Type
12.4.7.2 India Forensic Technology Market by Services
12.4.7.3 India Forensic Technology Market by Location
12.4.7.4 India Forensic Technology Market by Application
12.4.8 Japan
12.4.8.1 Japan Forensic Technology Market by Type
12.4.8.2 Japan Forensic Technology Market by Services
12.4.8.3 Japan Forensic Technology Market by Location
12.4.8.4 Japan Forensic Technology Market by Application
12.4.9 South Korea
12.4.9.1 South Korea Forensic Technology Market by Type
12.4.9.2 South Korea Forensic Technology Market by Services
12.4.9.3 South Korea Forensic Technology Market by Location
12.4.9.4 South Korea Forensic Technology Market by Application
12.4.10 Vietnam
12.4.10.1 Vietnam Forensic Technology Market by Type
12.4.10.2 Vietnam Forensic Technology Market by Services
12.4.10.3 Vietnam Forensic Technology Market by Location
12.4.10.4 Vietnam Forensic Technology Market by Application
12.4.11 Singapore
12.4.11.1 Singapore Forensic Technology Market by Type
12.4.11.2 Singapore Forensic Technology Market by Services
12.4.11.3 Singapore Forensic Technology Market by Location
12.4.11.4 Singapore Forensic Technology Market by Application
12.4.12 Australia
12.4.12.1 Australia Forensic Technology Market by Type
12.4.12.2 Australia Forensic Technology Market by Services
12.4.12.3 Australia Forensic Technology Market by Location
12.4.12.4 Australia Forensic Technology Market by Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Forensic Technology Market by Type
12.4.13.2 Rest of Asia-Pacific Forensic Technology Market by Services
12.4.13.3 Rest of Asia-Pacific Forensic Technology Market by Location
12.4.13.4 Rest of Asia-Pacific Forensic Technology Market by Application
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Forensic Technology Market by country
12.5.1.2 Middle East Forensic Technology Market by Type
12.5.1.3 Middle East Forensic Technology Market by Services
12.5.1.4 Middle East Forensic Technology Market by Location
12.5.1.5 Middle East Forensic Technology Market by Application
12.5.1.6 UAE
12.5.1.6.1 UAE Forensic Technology Market by Type
12.5.1.6.2 UAE Forensic Technology Market by Services
12.5.1.6.3 UAE Forensic Technology Market by Location
12.5.1.6.4 UAE Forensic Technology Market by Application
12.5.1.7 Egypt
12.5.1.7.1 Egypt Forensic Technology Market by Type
12.5.1.7.2 Egypt Forensic Technology Market by Services
12.5.1.7.3 Egypt Forensic Technology Market by Location
12.5.1.7.4 Egypt Forensic Technology Market by Application
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Forensic Technology Market by Type
12.5.1.8.2 Saudi Arabia Forensic Technology Market by Services
12.5.1.8.3 Saudi Arabia Forensic Technology Market by Location
12.5.1.8.4 Saudi Arabia Forensic Technology Market by Application
12.5.1.9 Qatar
12.5.1.9.1 Qatar Forensic Technology Market by Type
12.5.1.9.2 Qatar Forensic Technology Market by Services
12.5.1.9.3 Qatar Forensic Technology Market by Location
12.5.1.9.4 Qatar Forensic Technology Market by Application
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Forensic Technology Market by Type
12.5.1.10.2 Rest of Middle East Forensic Technology Market by Services
12.5.1.10.3 Rest of Middle East Forensic Technology Market by Location
12.5.1.10.4 Rest of Middle East Forensic Technology Market by Application
12.5.2. Africa
12.5.2.1 Africa Forensic Technology Market by country
12.5.2.2 Africa Forensic Technology Market by Type
12.5.2.3 Africa Forensic Technology Market by Services
12.5.2.4 Africa Forensic Technology Market by Location
12.5.2.5 Africa Forensic Technology Market by Application
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Forensic Technology Market by Type
12.5.2.6.2 Nigeria Forensic Technology Market by Services
12.5.2.6.3 Nigeria Forensic Technology Market by Location
12.5.2.6.4 Nigeria Forensic Technology Market by Application
12.5.2.7 South Africa
12.5.2.7.1 South Africa Forensic Technology Market by Type
12.5.2.7.2 South Africa Forensic Technology Market by Services
12.5.2.7.3 South Africa Forensic Technology Market by Location
12.5.2.7.4 South Africa Forensic Technology Market by Application
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Forensic Technology Market by Type
12.5.2.8.2 Rest of Africa Forensic Technology Market by Services
12.5.2.8.3 Rest of Africa Forensic Technology Market by Location
12.5.2.8.4 Rest of Africa Forensic Technology Market by Application
12.6. Latin America
12.6.1 Latin America Forensic Technology Market by country
12.6.2 Latin America Forensic Technology Market by Type
12.6.3 Latin America Forensic Technology Market by Services
12.6.4 Latin America Forensic Technology Market by Location
12.6.5 Latin America Forensic Technology Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Forensic Technology Market by Type
12.6.6.2 Brazil Forensic Technology Market by Services
12.6.6.3 Brazil Forensic Technology Market by Location
12.6.6.4 Brazil Forensic Technology Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Forensic Technology Market by Type
12.6.7.2 Argentina Forensic Technology Market by Services
12.6.7.3 Argentina Forensic Technology Market by Location
12.6.7.4 Argentina Forensic Technology Market by Application
12.6.8 Colombia
12.6.8.1 Colombia Forensic Technology Market by Type
12.6.8.2 Colombia Forensic Technology Market by Services
12.6.8.3 Colombia Forensic Technology Market by Location
12.6.8.4 Colombia Forensic Technology Market by Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Forensic Technology Market by Type
12.6.9.2 Rest of Latin America Forensic Technology Market by Services
12.6.9.3 Rest of Latin America Forensic Technology Market by Location
12.6.9.4 Rest of Latin America Forensic Technology Market by Application

13 Company Profile
13.1 Agilent Technologies
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 GE Healthcare
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Thermo Fisher Scientific, Inc.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Promega Corporation
13.4 Company Overview
13.4.2 Financials
13.4.3 Product/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 NMS Labs
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Eurofins Medigenomix GmbH
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 LGC Forensics
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Forensic Pathways
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 SPEX Forensics
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Forensic Fluids Laboratories
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Pyramidal Technologies Ltd
13.11.1 Company Overview
13.11.2 Financials
13.11.3 Product/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View

14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. USE Cases and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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