The Global Forensic Technologies Market Size accounted for USD 18.6 Billion in 2022 and is estimated to achieve a market size of USD 55.7 Billion by 2032 growing at a CAGR of 11.8% from 2023 to 2032.
Forensic Technologies Market Key Highlights
Forensic technologies are used to discern, appraise & study the physical evidence which is gathered from crime spots and considered as evidence in court to prove the responsibility or purity of the defendant. The betterment of technologies in forensics has been of considerable relevance in recent years. It is often quoted that in crime/law enforcement fields, “a zero crime rate is a hypothetical situation”. Consequently, forensic services/technologies witness a near-perennial demand. Forensic science has witnessed immense developments in its technologies, which in turn, have expanded its applications as well as demand in the market. As crime investigations have become more challenging, law enforcement agencies are looking for advanced technologies such as DNA profiling to increase the efficiency, potential, and value of forensics, thereby shortening the delivery time of results This technology provides impressive and decisive results and is deployed for solving many arguments.
Global Forensic Technologies Market Dynamics
Forensic Technologies Market Report Coverage
|Market||Forensic Technologies Market|
|Forensic Technologies Market Size 2022||USD 18.6 Billion|
|Forensic Technologies Market Forecast 2032||USD 55.7 Billion|
|Forensic Technologies Market CAGR During 2023 - 2032||11.8%|
|Forensic Technologies Market Analysis Period||2020 - 2032|
|Forensic Technologies Market Base Year||2022|
|Forensic Technologies Market Forecast Data||2023 - 2032|
|Segments Covered||By Type, By Services, By Application, By Location, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||GE Healthcare Life Sciences, Agilent Technologies, Thermo Fisher Scientific, LGC Forensics, NMS Labs, Everlert Inc., Forensic Technology, Pyramidal Technologies Ltd., SPEX Forensics, Eurofins Medigenomix GmbH.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
Forensic Technologies Market Insights
Some of the major drivers in the global forensic technology market include increasing crime rates and finesse in crime, which creates a demand for these technologies for solving such cases. Further, increasing the prestige of DNA testing is a key factor contributing to the growth of this market. Moreover, the shortening delivery time of results coupled with an increase in potential, efficiency, and value of forensic science are some other factors driving the growth of the global forensic technology market. The major factor limiting the growth of the global forensic technology market is the regulatory constraints for this technology. The increasing backlog of pending cases that require immense forensic aid and outsourcing of case results by governments is expected to create potential opportunities for market players. Rising crime rates combined with the sophistication with which crimes are committed are some of the major factors driving the growth of the global forensic technologies market.
Forensic Technologies Market Segmentation
The worldwide market for forensic technologies is split based on type, services, application, location, and geography.
Forensic Technology Types
According to an industry analysis of forensic technologies, polymerase chain reaction (PCR) has appeared as one of the dominant technologies in the forensic market. PCR is a DNA amplification technique that can generate millions of copies of a specific DNA fragment in a matter of seconds, making it an invaluable tool for forensic investigations. It is used in a variety of applications, including DNA profiling, paternity testing, and genetic mutation and disease analysis. The high sensitivity, accuracy, and speed of PCR make it superior to other forensic technologies. It is also a relatively simple and inexpensive technique, making it available to a wide range of forensic laboratories and law enforcement agencies.
Forensic Technology Services
In the forensic technology market, DNA profiling is the dominant service in the services segment. The process of identifying an individual by analysing their unique DNA profile, which is derived from a sample of their genetic material, such as blood, saliva, or hair, is known as DNA profiling. DNA profiling has become an indispensable tool in criminal investigations because of its ability to identify suspects, link suspects to crime scenes, and exonerate innocent people. It has also been used in other applications such as paternity testing and human remains identification.
Another important forensic service is chemical analysis, which involves the examination of chemical substances such as drugs or explosives to determine their composition and origin. This service is especially important in drug trafficking and terrorist activities.
Forensic Technologies Application
According to the forensic technologies market forecasts, judicial/law enforcement applications will monopolise the forensic technology market from 2023 to 2032. This includes the use of forensic technologies such as DNA profiling, fingerprint analysis, and ballistics analysis in criminal investigations, as well as expert testimony and evidence presentation in court.
Forensic technologies have become an indispensable tool for law enforcement agencies and criminal justice systems all over the world, providing accurate and reliable evidence that can be used to solve crimes and bring criminals to justice. They are also used in other types of legal proceedings, such as civil cases and immigration proceedings.
Other applications of forensic technologies, however, are also significant. For example, pharmacogenetics is a rapidly expanding field that uses genetic information to personalise drug treatment and improve patient outcomes. Applications for biodefense and biosurveillance are also becoming progressively important in the context of global health security, as they can be used to detect and respond to infectious disease outbreaks and bioterrorism threats.
Forensic Technologies Location
Forensic technologies are not limited to a single context or setting; they are used in a wide range of contexts and settings, including crime labs, law enforcement agencies, hospitals, research institutions, and government agencies. However, the demand for portable forensic technologies has increased significantly in recent years, driven by the need for rapid and on-site evidence analysis and the increased use of field-based investigations. Handheld devices, portable spectrometers, and field-deployable laboratories are examples of portable forensic technologies that can be used in remote or difficult environments.
The advancement of portable forensic equipment has allowed law enforcement agencies, military personnel, and public health officials to analyse evidence and respond to emergencies such as natural disasters, terrorist attacks, and disease outbreaks in a timely and accurate manner.
Forensic Technologies Market Regional Outlook
The Middle East & Africa
Forensic Technologies Market Regional Analysis
North America leads the market for forensic technologies and is closely trailed by Europe. Both regions collectively hold a substantial share of the global market currently. However, the Asia-Pacific and the Middle East & Africa regions are expected to witness unprecedented growth during the forecast years owing to advancements in technologies and infrastructure.
Forensic Technologies Market Players
Some of the top forensic technologies companies offered in the professional report include GE Healthcare Life Sciences, Agilent Technologies, Thermo Fisher Scientific, LGC Forensics, NMS Labs, Everlert Inc., Forensic Technology, Pyramidal Technologies Ltd., SPEX Forensics, Eurofins Medigenomix GmbH.
The market size of forensic technologies was USD 18.6 billion in 2022.
The CAGR of forensic technologies is 11.8% during the analysis period of 2023 to 2032.
The key players operating in the global market are including GE Healthcare Life Sciences, Agilent Technologies, Thermo Fisher Scientific, LGC Forensics, NMS Labs, Everlert Inc., Forensic Technology, Pyramidal Technologies Ltd., SPEX Forensics, Eurofins Medigenomix GmbH.
North America held the dominating position in forensic technologies industry during the analysis period of 2023 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for market of forensic technologies during the analysis period of 2023 to 2032.
The current trends and dynamics in the forensic technologies industry include increasing population and urbanization, growing e-commerce industry, and rising health awareness.
The capillary electrophoresis held the maximum share of the forensic technologies industry.