GLOBAL DNA FORENSIC MARKET 2016-2020
WiseGuyReports.com adds “GLOBAL DNA FORENSIC MARKET 2016-2020” report to its research database.
This market research report includes a detailed segmentation of the global DNA forensic market by applications (law enforcement, biodefense, healthcare, and personal security). It outlines the market shares for key regions such as the Americas, EMEA, and APAC. The top vendors analyzed in this report are Lockheed Martin, M2SYS, NEC, and Safran.
Outlook of the DNA forensic market
Technavio’s market research analyst predicts the global DNA forensic market to grow at a CAGR of over 20% during the forecast period. The demand for DNA forensic solutions is increasing rapidly due to rising security concerns at airports, railways, seaports, and borders. The recent increase in the frequency of crimes, particularly drug-related, gun violence, terrorist attacks, sexual assault, kidnapping, and homicide, will also aid in the steady growth of this market until the end of 2020.
Another factor that impels growth in the market is the increase in pure-play vendors. With the introduction of new technologies, numerous vendors are likely to enter the market. The high growth potential of this market will allow the new vendors to explore their capabilities and expertise, which in turn will increase the global reach of the vendors and their technologies in both developed and developing countries. Due to the growing awareness among end users, the application base of these technologies will also increase.
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Segmentation by application and analysis of the DNA forensic market
- Law enforcement
- Personal security
In 2015, the law enforcement segment dominated this market and accounted for a market share of over 30% due to the high spending capability of this sector. Factors such as growing awareness among end users, increasing awareness campaigns, and the adoption of new marketing strategies by vendors will result in the strong growth of this market segment during the forecast period.
Geographical segmentation of the DNA forensic market
In this segmentation analysis, analysts have estimated the Americas to be the largest market for DNA forensics during the forecast period. High investments by the government and law enforcement agencies in the US and Canada will lead to the strong growth of this market in the Americas. The analysts at Technavio have estimated this region to account for a market share of more than 42% by the end of 2020.
Competitive landscape and key vendors
The global DNA forensic market is highly fragmented due to the presence of numerous small and large vendors. The vendors in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion. The high level of vendor competition in this market has led to an increase in the number of mergers and acquisitions, wherein smaller vendors are being merged with larger players.
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The leading vendors in the market are -
- Lockheed Martin
Other prominent vendors in the market include Agilent Technologies, CrossResolve, EasyDNA, GE Healthcare, Genetrack Biolabs, homeDNAdirect, NetBio, NMS Labs, and Thermo Fisher Scientific.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global DNA forensic market?
- What are the key market trends impacting the growth of the DNA forensic market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global DNA forensic market?
- Trending factors influencing the market shares of the Americas, EMEA, and APAC.
- What are the key outcomes of the five forces analysis of the DNA forensic market?
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