PUBLISHER: Allied Market Research | PRODUCT CODE: 1566797
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566797
Forensic Equipment and Supplies Market
The forensic equipment and supplies market was valued at $8.1 billion in 2023 and is projected to reach $16.5 billion by 2033, growing at a CAGR of 7.3% from 2024 to 2033.
The forensic equipment and supplies market comprises of distinguished instruments, tools, and consumables utilized by forensic scientists & judiciary to obtain, assess, and safeguard crime scene evidence for investigation objectives. The market includes a broad range of products such as fingerprint analysis gadgets, DNA analytical devices, tools of forensic toxicology, and ballistic analysis instrument. Accuracy, precision, and reliability are the critical aspects of designing such instruments as they ensure the investigators extract correct vital details for the law process.
Increase in the incidence of criminal activities has boosted the demand for cutting-edge forensic equipment and supplies. As crime rates are surging globally, forensic laboratories and law enforcement agencies are under the constraint to elevate their potential in evidence accumulation and assessment. This drives continual innovation in the market and boosts the adoption of advanced forensic equipment. The integration of AI in forensics is a novel concept garnering traction due to its usefulness. For instance, digital forensics is an ingenious application where AI processes data from multiple sources such as CCTV footage, physical evidence, and eyewitness accounts, hence helping investigators to reconstruct the happening at the crime scene and recognize potential suspects.
However, the ethical concerns surrounding data protection and privacy pose substantial challenges for the growth of the forensic equipment and supplies market. The market adoption is decelerated due to public uncertainty and resistance to certain forensic practices. On the contrary, the efforts imposed by government and regulatory bodies to boost the potential of forensic laboratories indicate a promising future for the market. For instance, the Bureau of Justice Assistance in the U.S. launched a DNA Capacity Enhancement for Backlog Reduction program to aid the forensic laboratories in enhancing their capacity of processing DNA samples by recruiting new staff and upgrading to cutting-edge equipment.
Segment Review
The forensic equipment and supplies market is segmented into product, application, end user, and region. On the basis of product, the market is divided into instruments, reagents & consumables, low temperature storage devices, and evidence drying cabinets. By application, it is classified into drug testing & toxicology, DNA analysis, blood analysis, biometrics, and other applications. According to end user, it is categorized into government forensic laboratories, independent forensic laboratories, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of product, the reagents & consumables segment dominated the market share in 2023.
By application, the drug testing & toxicology segment was the highest shareholder in 2023.
According to end user, the government forensic laboratories segment acquired high stakes in 2023.
Region wise, North America is projected to be the highest revenue generator by 2033.
Competition Analysis
The major players operating in the global forensic equipment and supplies market include Thermo Fisher Scientific Inc., PerkinElmer Inc., Agilent Technologies, Inc., Danaher Corporation, Waters Corporation, Air Science, BVDA International, Safariland, LLC., Illumina, Inc, and HORIBA, Ltd. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
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