What is the global market size of Forensic Technologies Market?

Global Forensic Technologies Market was valued at USD 22.15 billion in 2021 and it is expected to reach at USD 29.65 billion by 2028, at a CAGR of 12.07% over the forecast period (2022-2028). Read More

Who are the key vendors in the Global Forensic Technologies Market?

Key competitors in the global forensic technologies market are strengthening their market positions via different methods such as mergers and acquisitions and research partnerships with other firms to offer novel products and solidify their market positions globally. Some of the expansion methods used by players in the global forensic technology market are as follows: Agilent Technologies introduced the Triple Quadruple LC/MS System. The product introduction broadened the company's products and allowed it to go into new research areas such as forensic toxicology, clinical research, environmental testing, and peptide quantification. The top companies are undertaking comprehensive tactics to maintain a highly competitive environment. Key participants include Agilent Technologies, Thermo Fisher Scientific, SPEX Forensics, and LGC Limited. These firms often use methods such as mergers and acquisitions, new product development projects, and geographical expansion to grow their market share and compete. For instance, Cellebrite has acquired BlackBag Technologies, a business that specialises in computer forensics. According to sources, the transaction's overall value was projected to be 33 million USD. BlackBag is a firm that provides forensic analysis tools for Apple macOS, Microsoft Windows, iOS, and Google Android-based mobile and computer systems.'GE Healthcare (US)','IDEMIA (France)','Thermo Fisher Scientific Inc. (US)','Eurofins Scientific (Luxembourg)','NEOGEN CORPORATION (US)','Forensic Fluids Laboratories','HORIBA, Ltd. (Japan)','Forensic Pathways (United Kingdom)','NMS Labs (Pennsylvania)','Agilent Technologies, Inc. (US)' Read More

What is the key driver of Global Forensic Technologies Market?

Technicians benefit from the increasing use of laboratory information management software Read More

What is the key market trend for Global Forensic Technologies Market?

The key trend driving the market's rise is the recent increase in the number of violent crimes perpetrated throughout the world According to recent research published by the United Nations, around 464,000 persons are considered to have been victims of deliberate homicide. an estimated global homicide rate of 6.1 victims per 100,000 people was calculated. Approximately 90% of all killings documented globally were perpetrated by male offenders. This has recently been the case. Furthermore, homicide on a worldwide scale, robbery, sexual assault, and murder are other factors driving market growth by increasing demand for forensics. Furthermore, the nations of North and South America have been responsible for a significant amount of the recent increase in crime rates. Africa and Asia have followed in this trend, which is expected to give an opportunity for development in the next years. Read More

Which region accounted for the largest share in Global Forensic Technologies Market?

Due to the increased prevalence of violent crimes and the resulting increase in forensic analysis in the area, North America accounted for the largest share of around 39.19% in 2021. Furthermore, private businesses and agencies of law enforcement are promoting forensic services usage in a range of industries, including healthcare. Similarly, the advancement of improved healthcare facilities and sophisticated forensic procedures has boosted the efficiency of forensic analysis in the area, which is expected to drive the market. In 2021, the United States held the largest proportion of the North American forensic technology market. This may be ascribed to key companies' local presence, a growth in the usage of technologically advanced forensic solutions, high overall crime rates, and expanding activities done by governmental and private groups. Thermo Fisher Scientific Inc., Agilent Technologies, Inc., SPEX Forensics, GE Healthcare, Forensic Fluids Laboratories, Neogen Corporation, NMS Labs, and Verogen, Inc. are some of the key players in the development and commercialization of various forensic solutions and services based in the United States. Read More

Forensic Technologies Market Size, Share, Growth Analysis, By Product(Digital & Computer Forensics, Ballistic Forensics, DNA Testing, Biometrics), By Application(Pharmacogenetics, Biodefense & Bio-Surveillance, Judicial, Law Enforcement), By Service(Laboratory Forensics (DNA Testing, Drug Testing, Biometrics, Others)), By Technique(Polymerase Chain Reaction (PCR), Capillary Electrophoresis, Next-Generation Sequencing, Rapid DNA Analysis), By Location(Laboratory Forensic Technology, Portable Forensic Technology), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35J2036 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 153 | Figures: 78

Forensic Technologies Market Competitive Landscape

Forensic Technologies Market Top Player's Company Profiles

GE Healthcare
Thermo Fisher Scientific Inc.
Agilent Technologies Inc.
LGC Limited
Danaher Corporation
Eurofins Scientific SE
Forensic Technology WAI Inc.
NMS Labs Inc.
SCIEX
Bruker Corporation
Bode Technology
Morpho (Safran)
IDEMIA Group
Qiagen N.V.
NicheVision Forensics Co.
Foster + Freeman Ltd.
FLIR Systems Inc.
Sirchie
Firearm and Toolmark Examination Unit
Forensic Pathology Services

Forensic Technologies Market Recent Development

In January 2023, Promega Corporation released the Power Plex 35GY system. This DNA analysis kit aids forensic laboratories in dealing more elaborately with specific demanding cases, especially sexual assault cases.
In June 2022, Thermo Fisher introduced the LC-MS system for toxicology as a way of keeping up with the fast-changing horizon of illicit and newer substances.
In July 2021, Thermo Fisher's Applied Biosystems RapidHIT ID DNA solution, approved by the FBI, may generate DNA profiles electronically in less than 90 minutes.

Forensic Technologies Market Report Snapshots

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Global Forensic Technologies Market size was valued at USD 14.78 billion in 2019 and is poised to grow from USD 16.61 billion in 2023 to USD 41.92 billion by 2031, growing at a CAGR of 12.28% in the forecast period (2024-2031).

Major competitors in the global forensic technologies market are enhancing their positions by forging mergers and acquisitions and research collaboration with other companies to provide novel products and strengthen their market presence globally. The company expanded its product offerings and thus entered new fields of research and development into environmental testing, clinical research, forensic toxicology, and peptide quantification. Significant strategies are in place by the market leaders to maintain an aggressively competitive market. 'GE Healthcare', 'Thermo Fisher Scientific Inc. ', 'Agilent Technologies Inc.', 'LGC Limited', 'Danaher Corporation', 'Eurofins Scientific SE', 'Forensic Technology WAI Inc.', 'NMS Labs Inc.', 'SCIEX', 'Bruker Corporation', 'Bode Technology', 'Morpho (Safran)', 'IDEMIA Group', 'Qiagen N.V.', 'NicheVision Forensics Co.', 'Foster + Freeman Ltd.', 'FLIR Systems Inc.', 'Sirchie', 'Firearm and Toolmark Examination Unit', 'Forensic Pathology Services'

One of the significant growth factors for the forensic technologies market is the increase in crimes around the globe. To identify crimes speedily and accurately, law enforcement agencies embrace advanced forensic technology, including DNA analysis, digital forensics, and biometric identification. As crime rates continue to progress, it is expected that the demand for forensic solutions to improve investigation processes will be drastically increased.

Integration of ML and AI: The integration of machine learning and AI is one of the significant forensic technologies market trends. This is improving the processes of decision making, pattern recognitions and data analysis, thus speeding up the processing of evidence and the better production of more accurate predictions. This is changing forensic investigation, especially in the way criminal profiling, as well as digital forensics, is conducted.

As the number of criminal cases rises and forensic analysis usage to solve them increases, North America held the largest market share in 2022, accounting for 35.21%. Companies in commerce and the law enforcement agencies in this region are continuously improving their use of forensic services across various industries, such as health care, which uses forensic technologies in public health safety and medical investigations. Advances in forensic procedures remained under continuous development and have improved the precision and efficiency of investigations, thereby expanding further for the market. The region's highly developed healthcare system not only accelerates case resolutions but also enables more effective forensic analysis. Increased demand for forensic services coupled with technological improvement are expected to maintain North America's leadership.

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Forensic Technologies Market Competitive Landscape

Forensic Technologies Market Report Snapshots

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What is the global market size of Forensic Technologies Market?

Who are the key vendors in the Forensic Technologies Market?

What is the key driver of Forensic Technologies Market?

What is the key market trend for Forensic Technologies Market?

Which region accounted for the largest share in Forensic Technologies Market?

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