Forensic Equipment Market Top Driving Factors and Future Trends 2024
Factors such as the growing number of crimes across major countries,
ongoing technological advancements in forensic sciences, growing
public-private investments in the field of forensics, and the rising
awareness among investigators about the role of DNA profiling in
criminology are driving the growth of the forensic equipment market.
According to the new market research report Forensic Equipments Market is projected to reach USD 8.7 billion by 2024 from USD 6.0 billion in 2019, at a CAGR of 7.7%.
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The
major players operating in the Forensic Equipments Market are Thermo
Fisher Scientific (US), Agilent Technologies (US), Waters Corporation
(US), PerkinElmer (US), and SCIEX (Danaher Corporation, US). The other
prominent players operating in the market include QIAGEN NV
(Netherlands), GE Healthcare (US), Spectris (UK), Air Science (US), Lynn
Peavey Company (US), Sirchie (US), BVDA International (Netherlands),
Safariland, LLC (US), Horiba (Japan), and Illumina, Inc. (US).
Instruments
segment is expected to account for the largest share of the Forensic
Equipment and Supplies Market, by product, in 2019
Based on
product, the Forensic Equipment and Supplies Market is segmented into
instruments, reagents & consumables, evidence-drying cabinets, and
low-temperature storage devices. The instruments segment is expected to
account for the largest share of the Forensic Equipment and Supplies
Market in 2019. The increasing adoption of DNA profiling in criminology
across emerging and less-developed countries and the increasing
production of illicit drugs are the major factors driving the growth of
this market segment.
Drug testing/toxicology segment estimated to be the fastest-growing application segment during the forecast period
Based
on application, the Forensic Equipments Market is segmented into DNA
analysis, drug testing/toxicology, blood analysis, biometrics, and other
applications. The drug testing/toxicology segment is expected to grow
at the highest CAGR during the forecast period primarily due to the
growing availability of innovative toxicity analysis platforms
worldwide, increasing number of drug testing laboratories across major
countries, and the rising incidence of drug abuse and related criminal
cases.
Government forensic laboratories to account for the largest share of the Forensic Equipments Market, by end user, in 2019
Based
on end user, the Forensic Equipment and Supplies Market is segmented
into government forensic laboratories, independent forensic
laboratories, and research laboratories & academic institutes.
Government forensic laboratories are estimated to be the largest
end-users of forensic equipment and supplies, and this trend is expected
to continue during the forecast period. The large share of this
end-user segment can be attributed to the high and growing number of
drug abuse cases and paternity/maternity disputes across major
countries, coupled with the increasingly stringent guidelines for
criminal investigations and their strict implementation across mature
countries.
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North America to dominate the Forensic Equipment and Supplies Market during the forecast period
The
Forensic Equipments Market is segmented into five major regions,
namely, North America, Europe, the Asia Pacific, Latin America, and the
Middle East and Africa. North America is estimated to be the largest
regional market for forensic equipment and supplies in 2019 majorly due
to the high and growing adoption of DNA testing technology in the region
and the ongoing technological advancements in forensic equipment.
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