Growth of Global Forensic Technologies Market Attributed to Surging Applications of DNA Profiling, to Expand at 12.4% CAGR 2013-2019 There has been a growing demand to improve the potential, efficiency, and value of forensics, a factor that has been significantly inspiring the constant development of forensic technologies. Transparency Market Research, in a report titled “Forensic Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 2019,� studies the emergence of this market and its performance over the years. The forensic technologies market is anticipated to expand at a healthy 12.4% CAGR from 2013 to 2019, rising from a value of US$8.3 bn in 2012 to US$17.7 bn by 2019.
Forensic technologies are used in the identification, interpretation, and evaluation of evidence gathered from the scene of crime. The application of various forensic technologies has increased with time as forensic science undergoes major developments. The use of advanced DNA profiling techniques such as miniaturization and microchips in identifying suspects in various forms of violent and non-violent crimes and in analyzing relics and skeletal remains has greatly supported the forensic technologies market. The global forensic technologies market has been studied on the basis of location, service, and geography.