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Forensic Technologies Market

Forensic Technologies Market

Forensic Technologies Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

142

Base Year:

2022

Date

Apr - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1429

Segments Covered
  • By Product By Product Digital & Computer Forensics, Ballistic Forensics, DNA Testing, Biometrics, Others
  • By Service By Service Laboratory Forensics, DNA Testing, Drug Testing, Biometrics, Others, Forensic Consulting
  • By Technique By Technique Polymerase Chain Reaction (PCR), Capillary Electrophoresis, Next-Generation Sequencing, Rapid DNA Analysis, Automated Liquid Handling Technology, Microarrays, Others
  • By Application By Application Pharmacogenetics, Biodefense & Bio-Surveillance, Judicial and Law Enforcement, Others
  • By Region By Region North America, Asia Pacific, Europe, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 16500.34 Million
Revenue 2030Revenue 2030: USD 37480.99 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 10.80%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Forensic Technologies Market Share

Market Synopsis:

Global Forensic Technologies Market is valued at USD 16500.34 Million in 2022 and is projected to reach a value of USD 37480.99 Million by 2030 at a Compound Annual Growth Rate (CAGR) of 10.80% over the forecast period.

Forensic science has perceived tremendous progress in its technologies which has increased its demand and application in the market. Forensic Technologies offer reliable and effective results which are increasing its demand for resolving many disputes which are expected to drive the growth of the Forensic Technologies market in upcoming years. The Forensic Technologies market is expected to witness significant growth due to its several factors such as interpretation, identification, and assessment of important evidence collected from the site of crime. The growth of the market is primarily attributed to increasing crime rates and finesse in crime which is projected to boost the demand for the Forensic Technologies market to solve such cases. Furthermore, the rising incidences of cybercrimes have provided a boost to the digital Forensic Technologies that are used for retorting the incidences for procurement of fraud, IP infringement, and white-collar crimes during the forecast period. In addition, the adoption of several government policies and the funds to support forensic research and development is projected to have a positive impact on the growth of the Forensic Technologies market in the upcoming years. The increasing backlog of cases demanding forensic aid and the cases outsourcing resulting by the government are the factors expected to provide growth opportunities for the forensic market during the forecast period. Although, the regulatory restrictions for these technologies are the factor limiting the growth of the forensic market during the forecast period.

Forensic Technologies Market Size, 2022 To 2030 (USD Million)

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Market Segmentation:

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The DNA Testing Segment is Projected to Grow at the Highest CAGR During the Forecast Period:

On the basis of services, the DNA testing segment is anticipated to grow at the highest CAGR during the forecast period. The growth of the DNA testing segment is mainly attributed to the ability to provide efficient and accurate results within a short period of time and at a low cost. Moreover, based on the DNA testing, the Y-STR segment is projected to enhance at a high value in the upcoming years. Furthermore, the increasing advanced technology in the forensic industry is expected to boost the demand for DNA testing in the coming years.

North America is Expected to Dominate the Global Forensic Technologies Market:

The growth of North America is mainly attributed to rising in the adoption of new technologies and the rapidly increasing violent crime in the developed countries of North America such as the United States and Canada. According to the statistics provided by the FBI, murder rates in the United States analyzed are 10.8% in 2020. Furthermore, the government of various regions/countries are making various laws and strict restrictions for this technology which is limiting the growth of the market but the effective results of Forensic Technologies are driving the market growth in North America. Experts in North America are continuously working on the research and development of forensic science which is projected to increase the demand for Forensic Technologies in the years to come.

The Asia Pacific is projected to grow at a significant rate in the Forensic Technologies market during the forecast period. This growth is due to the increasing lunches of forensic laboratories in the Asia Pacific region. For instance, the global biotechnology company, life technologies introduced the first private DNA forensics laboratory in India, which reduces the burden on the existing forensic laboratories.

Competitive Landscape:

The forensic market is highly fragmented in nature due to the presence of key players in the Forensic Technologies market. Some of the key players on the market are Agilent Technologies, GE Healthcare, LGC, Promega, IDEMIA, Canon, Thermo Fisher Scientific, Bio-Rad Laboratories, Shimadzu Corp, NetBio, SCIEX, Forensic Fluids Laboratories, NMS Labs, Eurofins Medigenomix GmbH, Forensic Pathways and Pyramidal Technologies Ltd..

Forensic Technologies Market is Segmented as Follows:

Parameter Details
Segments Covered

By Product

  • Digital & Computer Forensics
  • Ballistic Forensics
  • DNA Testing
  • Biometrics
  • Others

By Service

  • Laboratory Forensics
  • DNA Testing
  • Drug Testing
  • Biometrics
  • Others
  • Forensic Consulting

By Technique

  • Polymerase Chain Reaction (PCR)
  • Capillary Electrophoresis
  • Next-Generation Sequencing
  • Rapid DNA Analysis
  • Automated Liquid Handling Technology
  • Microarrays
  • Others

By Application

  • Pharmacogenetics
  • Biodefense & Bio-Surveillance
  • Judicial and Law Enforcement
  • Others

By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Agilent Technologies
  • GE Healthcare
  • LGC
  • Promega
  • IDEMIA
  • Canon
  • Thermo Fisher Scientific
  • Bio-Rad Laboratories
  • Shimadzu Corp
  • NetBio
  • SCIEX
  • Forensic Fluids Laboratories
  • NMS Labs
  • Eurofins Medigenomix GmbH
  • Forensic Pathways and Pyramidal Technologies Ltd.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Forensic Technologies Market is Tabulated as Follows:

FAQ
Frequently Asked Question
  • The global Forensic Technologies valued at USD 16500.34 Million in 2022 and is expected to reach USD 37480.99 Million in 2030 growing at a CAGR of 10.80%.

  • The prominent players in the market are Agilent Technologies, GE Healthcare, LGC, Promega, IDEMIA, Canon, Thermo Fisher Scientific, Bio-Rad Laboratories, Shimadzu Corp, NetBio, SCIEX, Forensic Fluids Laboratories, NMS Labs, Eurofins Medigenomix GmbH, Forensic Pathways and Pyramidal Technologies Ltd..

  • The market is project to grow at a CAGR of 10.80% between 2023 and 2030.

  • The driving factors of the Forensic Technologies include

    • Increasing number of funding programs focused toward pneumonia research

  • North America was the leading regional segment of the Forensic Technologies in 2022.