Forensic Swab Market Overview
Global Forensic Swab Market is projected to witness growth at a significant 5.8% CAGR. Through the process, the market is expected to reach a worth of USD 49.09 Million. Moreover, this figure is expected to be achieved by the forecast period of 2023. Greater usage of Forensic swabs by forensic scientists and crime investigators for the collection of massive range of samples makes Global Forensic Swab Market thoroughly enriched. Starting from blood, saliva, to DNA, it can be effective for all.
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Growing adoption of DNA forensics is one of the prime reasons behind the growing Global Forensic Swab Market. At the same time, expanding forensic biotechnology sector is also one of the reasons. Encouraging government support can also be cited as one of the major factors behind the Global Forensic Swab Market. In future, costs of DNA free forensic swabs and a greater supply of products is also expected to keep the market base thoroughly intact in forthcoming years. Greater emphasis from government level is also encouraging the market.
Increasing level of chronic and infectious diseases is one of the crucial factors contributing towards Global Forensic Swab Market. Growing level of investment in research and development or (R&D) is one of the major driving factors. Growing rate of occurrences of criminal incidents is cited as one of the major factors that can enhance market growth. To be specific, growing occurrence of murders can also be cited as the prime reasons behind the growth of the Global Forensic Swab Market.
Forensic Swab Market Segmentation
Global Forensic Swab Market can be segmented based on type, type of swab shaft, and end-user.
Based on type, the Global Forensic Swab Market can be further segmented into foam, flocked, and cotton.
Based on swab shaft, Global Forensic Swab Market can be segmented further into wood-stick shaft, polystyrene shaft.
Based on end-user, the global Forensic Swab Market can be segmented further into forensic science laboratories and hospitals.
Based on region, the Global Forensic Swab Market can be segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Forensic Swab Market Regional Analysis
Geographically, the global forensic swab market can be segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is projected as the most dominant of all the global forensic swab market during the forecast period. It had the highest market share estimated to be USD 34.61 million in 2017. The domain is projected to cross-market worth of USD 19.29 million by 2023. This growth rate is expected to be achieved at 6.0% CAGR in between the forecast period of 2018 to 2023.
European market is considered as the second-largest market share fuelled by the growing number of hospitals, research labs.
Forensic Swab Industry News
Reportedly, Global Forensic Swab Market is going to remain the most consistent between the forecast period of 2018 and 2023. Rising number of accident cases is considered as one of the prime reasons behind the significant market prospects of forensic swabs. North American market is projected to remain the most dominant during these periods.
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