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Forensic Technology Market Size & Share

Forensic Technology Market

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Forensic Technology Market Size & Share

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  1. The global forensic technology market is projected to grow from $5.96 billion in 2024 to $9.93 billion by 2032, with a compound annual growth rate of 6.6%. North America dominates the market with a 38.23% share, driven by widespread availability of forensic technology solutions and strong distribution networks. Key segments include:  DNA Analysis: Largest market share in 2023, boosted by company collaborations for innovative DNA analysis products  Services: Leading segment type, supported by rising forensic service provider initiatives  Chemical Electrophoresis: Dominant technique segment due to increased public and private investments Recent developments show government investment in the field, such as Canada's $15 million allocation in October 2023 for creating a Pan-Canadian genome library. The market growth is supported by rising crime rates - for example, the United Nations Office on Drugs and Crime reported a global average of 6.1 murders per 100,000 individuals. Major players include:  Thermo Fisher Scientific Inc.  Eurofins Scientific  DNA Testing, Inc.  QIAGEN  Illumina, Inc. The market faced temporary setbacks during COVID-19 lockdowns but has shown steady growth since 2021. Report- Fortune Business Insights - Forensic Technology Market Size & Share Report, 2032 https://www.fortunebusinessinsights.com/forensic-technology-market-110927

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