Increasing incidences of crime, rise in awareness and
emphasis on forensic science in criminal investigations, and
expanding application of forensic science are the major factors
which drive the global market growth.
WILMINGTON, Del., Aug. 7, 2024
/PRNewswire/ -- Allied Market Research published a report, titled,
"Forensic Equipment and Supplies Market by Product
(Instruments, Reagents and Consumables, Low temperature Storage
Devices and Evidence Drying Cabinets), Application (Drug Testing
and Toxicology, DNA Analysis, Blood Analysis, Biometrics and Other
Applications), and End User (Government Forensic Laboratories,
Independent Forensic Laboratories and Others): Global Opportunity
Analysis and Industry Forecast, 2024-2033". According to the
report, the forensic equipment and supplies market was valued at
$8.1 billion in 2023, and is
estimated to reach $16.5 billion by
2033, growing at a CAGR of 7.3% from 2024 to 2033.
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Supplies Market Forecast 2033 -
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Prime determinants of growth
Increasing incidences of crime, rise in awareness and emphasis
on forensic science in criminal investigations, and expanding
application of forensic science are the major factors that drive
the growth of the forensic equipment and supplies market growth.
However, lack of skilled professionals in emerging countries
restricts the market growth. Moreover, rising adoption of digital
forensics offers remunerative opportunities for the expansion of
the global forensic equipment and supplies market.
Report coverage & details
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base
Year
|
2023
|
Market Size in
2023
|
$8.1
billion
|
Market Size in
2033
|
$16.5 billion
|
CAGR
|
7.3 %
|
No. of Pages in
Report
|
315
|
Segments
Covered
|
Product, Application,
End User, and Region.
|
Drivers
|
Increase in incidences
of crime
|
|
Rise in awareness and
emphasis on forensic science in criminal
investigations
|
|
Expanding application
of forensic science
|
Opportunity
|
Rise in adoption of
digital forensics
|
Restraint
|
Lack of skilled
professionals in emerging countries
|
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Segment Highlights
The reagent and consumables segment dominated the market
share in 2023
By product, the reagent and consumables dominated the market
share in 2023. This is attributed to a rise in demand for
consumables such as chemicals, test kits, and reagents which are
indispensable for routine forensic procedures, ensuring accurate
and reliable results. The consistent and repetitive nature of
forensic testing necessitates a steady supply of reagents and
consumables, such as chemicals, testing kits, and sample
containers. These items are essential for a wide range of forensic
analyses, including DNA testing, toxicology, and drug analysis,
making them indispensable in forensic laboratories which support
the segment growth.
The drug testing and toxicology segment dominated the
market share in 2023
By application, drug testing and toxicology dominated the market
share in 2023. This is attributed to rise in prevalence of
drug-related crimes and substance abuse leading to a heightened
demand for accurate and reliable drug testing equipment.
Additionally, stringent government regulations and workplace drug
testing policies further drive the need for advanced toxicology
tools. Technological advancements in testing methodologies and the
rising awareness about drug misuse contribute significantly to this
segment's sustained dominance.
The government forensic laboratories segment dominated
the market share in 2023
By end user, government forensic laboratories segment dominated
the market share in 2023. This is attributed to the consistent
funding and investment from governmental bodies aimed at enhancing
national security and crime-solving capabilities. These
laboratories benefit from access to state-of-the-art technologies
and infrastructure, enabling them to handle a high volume of
forensic analysis with precision and reliability thereby driving
the segment growth. In addition, government labs often set
standards and benchmarks in forensic science, further solidifying
their leading position in the market.
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Regional Outlook
North America to maintain
its dominance by 2033
North America is poised to
maintain its leadership status in the forensic equipment and
supplies market during the forecast period due to robust
investments in law enforcement and criminal justice infrastructure,
coupled with strong government support for advanced forensic
technologies. The region benefits from the presence of major market
players and extensive research and development activities.
Additionally, the rise in incidence of crime and the consequent
demand for effective forensic solutions drive market growth. The
availability of skilled professionals and stringent regulatory
standards further bolster the region's dominance in the
market.
Players
- Thermo Fisher Scientific Inc.
- PerkinElmer Inc.
- Agilent Technologies Inc.
- Danaher Corporation
- Waters Corporation
- Air Science
- BVDA International
- Safariland LLC.
- Illumina Inc
- HORIBA Ltd.
The report provides a detailed analysis of these key players in
the global forensic equipment and supplies market. These players
have adopted different strategies such as agreement, acquisition,
and others to increase their market share and maintain dominant
shares in different regions. The report is valuable in highlighting
business performance, operating segments, product portfolio, and
strategic moves of market players to showcase the competitive
scenario.
Recent Development
- In October 2023, HORIBA
Instruments Incorporated, a HORIBA Group company, announced that it
has acquired Process Instruments, Inc. Process Instruments, a
leading developer and manufacturer of Raman process spectroscopy
for environmental and process markets, will become part of the
HORIBA Group. This acquisition will expand business ventures by
leveraging Process Instruments' industrial process instrument
business oriented primarily around refinery and petrochemistry
solutions in the United States and
HORIBA's global sales network.
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