"Designing Growth Strategies is in our DNA"
The global forensic technology market size was valued at USD 5.65 billion in 2023. The market is projected to grow from USD 5.96 billion in 2024 to USD 9.93 billion by 2032, exhibiting a CAGR of 6.6% during the forecast period.
Forensic technology is a growing field that uses a variety of technologies to solve crimes and investigate crime scenes. The escalating instances of murder, theft, sexual assault, and homicide are driving the demand for forensic science technologies. A recent report by the United Nations Office on Drugs and Crime (UNODC) in 2017 showed that the average rate of murders was 6.1 per 100,000 individuals worldwide. Furthermore, the U.S. was amongst the topmost countries for this crime, followed by Africa and Asia. Additionally, the growing volume of criminal activities has resulted in an increasing number of unsolved cases, highlighting the need for the development of new forensic technologies to address these ongoing investigations.
In terms of the impact of the COVID-19 pandemic, the global market witnessed negative growth due to the implementation of several lockdown measures. This resulted in the postponement or suspension of many ongoing criminal investigations. Furthermore, a drop in the number of crimes committed was observed in 2020. Since 2021, owing to the positive outcomes observed, forensic technology has expanded, which is anticipated to help the market grow steadily during the forecast period.
Growing Investments in Forensic Research by Various Private and Public Organizations is a Prominent Trend
One of the most prevalent global forensic technology market trends is the rising investment initiatives by public and private organizations in forensic technologies. This will accelerate the development of innovative forensic technologies and help serve the public better.
With the expanding frontiers of biological data, it is crucial to fund and invest in forensic research to unlock the full potential of the market.
Request a Free sample to learn more about this report.
Rising Crime Cases to Surge Demand for Forensic Technology Solutions
Forensic evidence is becoming increasingly important in criminal cases as the field of forensic science advances. It can be used to prove or disprove links between suspects, victims, and crime scenes. Forensic evidence analysis involves the study of the crime scene, bloodstain patterns, forensic DNA, DNA testing, and DNA profiling. The rising number of criminal cases is augmenting the demand for forensic technology, thereby enhancing the market growth during the forecast period.
Presence of Lack of Skilled Forensic Professionals May Limit Market Growth
Despite the increasing demand for forensic technology, one of the major impediments is the lack of the presence of skilled forensic professionals, which may impact the process of analysis. Many developing countries are lagging in terms of availability of forensic science professionals, which leads to delays in forensic procedures. These factors are expected to restrict the forensic technology market growth.
These are some of the factors that may limit the adoption or penetration rate of forensic technology solutions. Hence, such instances are subsequently limiting the market growth.
Launch of New Offerings Led to Services Segment’s Dominance in Market
By type, the market is segmented into products and services.
The services segment held a dominant market share in 2023. The rising initiatives by key forensic service providers to offer advanced services to users is expected to enable the segment’s growth. Moreover, the presence of various private and government forensic laboratories offering forensic services for different criminal cases across the globe will propel the segment’s growth.
The product segment held a notable market share due to the growing number of criminal cases and increasing demand for such forensic technologies. This segment is further sub-segmented into instruments and reagents & consumables. The strong utilization of reagents and consumables in various lab-based procedures for detecting a number of samples of criminal cases enabled its dominance in the product segment.
Significant Collaboration by Key Players Enabled DNA Analysis Segment to Dominate Market
On the basis of application, the market is segmented into DNA analysis, drug testing/toxicology, blood analysis, biometrics, and others.
The DNA analysis segment dominated the market in 2023 as increasing number of companies are entering collaborations to offer innovative and efficient products across the globe.
The biometrics segment held a considerable global forensic technology market share in 2023. Biometric devices are security identification and authentication devices that use automated methods to verify a person's identity based on their biological or behavioral characteristics. The segment’s growth is attributed to the surging demand for these devices in criminal investigations.
The blood analysis segment held a notable share of the market in 2023. Blood analysis is used in criminal proceedings and is a crucial part of law enforcement investigations. Significant product launches by key players will drive the segment’s expansion during the forecast period.
To know how our report can help streamline your business, Speak to Analyst
Chemical Electrophoresis Segment Gained Market Dominance On the Account of High Public & Private Investments
Based on technique, the market is segmented into chemical electrophoresis, polymerase chain reaction, next generation sequencing, and others.
The chemical electrophoresis segment held a dominant share of the global market in 2023. It is a forensic laboratory technique that uses an electric current to separate molecules based on their size and electrical charge. The segment’s growth is attributed to the increasing investment by public and private organizations in the global forensic technology market.
Followed by chemical electrophoresis, the next-generation sequencing segment held a considerable market share in 2023. The growing strategic activities of key players are propelling the segment’s growth.
The polymerase chain reaction and others segments almost held notable shares of the global market owing to the increasing number of criminal cases and growing adoption of advanced technologies across the globe.
Growing Volume of Criminal Cases Boosted Forensic Laboratories Segment’s Dominance in 2023
Based on end user, the market is segmented into forensic laboratories, pharmaceutical & biotechnology companies, and others.
The forensic laboratories segment held a major share of the global market in 2023. The growing number of forensic laboratories across the globe and an increasing number of criminal cases will enhance the segment’s growth during the forecast period.
Moreover, the pharmaceutical & biotechnology companies’ segment held a considerable share of the global market. The segment’s growth is attributed to strategic activities, such as acquisitions and product launches by key players in the market.
Based on geography, the global market is segmented into North America, Europe, Asia Pacific, and Latin America, and Middle East & Africa.
North America Forensic Technology Market Size, 2023 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
North America accounted for the highest market share and recorded a revenue of USD 2.16 billion in 2023. The region's dominance is greatly influenced by the widespread availability of companies providing forensic technology solutions and a strong distribution network. Additionally, the growing amount of programs provided by both government and non-government organizations, as well as various initiatives, are helping boost the market’s expansion in the healthcare sector for analyzing large volumes of clinical data in the region.
Asia Pacific is projected to expand at the highest CAGR during the forecast period. The increasing number of criminal cases across the region is boosting awareness regarding forensic tools, which is anticipated to surge the demand for these solutions across the region.
Europe held a notable global forensic technology market share in 2023. The rising prevalence of cybercrimes has provided a boost to digital forensic technologies that are utilized for responding to incidents of procurement fraud, white-collar crimes, and IP infringement. This is expected to boost the market’s growth in Europe over the forecast period.
Latin America and the Middle East & Africa markets are expected to record a lower CAGR during the forecast period. Some of the reasons for the slower growth in these regions include the small number of companies offering such solutions and underdeveloped healthcare infrastructure.
Strong Presence and Strategic Partnerships Led to Prominence of Some Market Players in 2023
The market is fragmented in nature and consists of certain players that have significant shares. Thermo Fisher Scientific Inc., Eurofins Scientific, and DNA Testing, Inc. have solidified their presence in the market with robust products and established global networks. These companies are concentrating on delving deeper into this market by forming strategic partnerships with academic and research institutes.
Some other prominent players include Cytiva, Illumina, Inc., Neogen Corporation, Promega Corporation, and among others. These companies have established their presence and offer a wide range of services with advanced technologies.
The market’s analysis is detailed and comprehensive. The report focuses on key aspects, such as the competitive landscape, analysis of segments based on type, technique, application, end-user, and region. Besides this, it offers insights into the market drivers, trends, dynamics, and COVID-19 impact on the market. Moreover, the report encompasses several factors that have contributed to the growth of the market in recent years.
To gain extensive insights into the market, Request for Customization
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 6.6% from 2024-2032 |
Unit | Value (USD billion) |
Segmentation | By Type
|
By Application
| |
By Technique
| |
By End User
| |
By Region
|
Fortune Business Insights says that the global market was valued at USD 5.65 billion in 2023 and is projected to reach USD 9.93 billion by 2032.
In 2023, the North America market size was valued at USD 2.16 billion.
The market will exhibit rapid growth at a CAGR of 6.6% during the forecast period of 2024-2032.
By type, the service segment held a leading position in the market in 2023.
The growing prevalence of crime cases, coupled with technological advancements, is one of the factors driving the demand for forensic technology.
QIAGEN, Illumina, Inc., and Agilent Technologies, Inc. are some of the major players in the market.
US +1 833 909 2966 ( Toll Free )