Forensic technologies have become instrumental in modern crime scene investigations. With an increasing emphasis on accurate and reliable evidence collection, the global forensic technologies market is projected to reach a value of USD 41.92 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.28% during the forecast period of 2023-2030. The market’s expansion can be attributed to the rising investments and funding from both private and public organizations, recognizing the crucial role of forensic research in enhancing criminal justice systems worldwide.
Investments and Funding Bolstering Forensic Technologies Market
Private and public organizations are channeling significant investments into the development and adoption of forensic technologies. These investments reflect the growing recognition of the importance of forensic research in facilitating accurate investigations, ensuring fair trials, and improving overall public safety. A notable example is the National Institute of Justice’s announcement in January 2022, allocating USD 4.5 million in funding for the forensic technology center of excellence, further strengthening the advancements in this field.
Key Players Driving the Forensic Technologies Market
Several prominent companies are leading the way in the forensic technologies market. These include:
- 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
These companies are actively involved in research, development, and innovation, aiming to provide cutting-edge solutions for forensic investigations, bolstering the market’s growth.
Capillary Electrophoresis Segment Takes the Lead
Among the various techniques utilized in forensic technologies, capillary electrophoresis (CE) has emerged as the largest contributor, accounting for 32.6% of the market share in 2022. The dominance of CE can be attributed to its numerous benefits. The technique offers reduced risk of cross-contamination due to the utilization of small sample volumes, enabling highly accurate and reliable analysis. Additionally, CE provides high-speed separation, facilitating rapid analysis and increased productivity.
North America Leads the Forensic Technologies Market
North America currently holds the largest market share in the global forensic technologies market, capturing 35.21% of the total market. The region’s dominance can be attributed to the increasing incidence of criminal cases and subsequent demand for forensic analyses. The robust forensic infrastructure, combined with technological advancements, drives the market’s growth in this region.
Next-Generation Sequencing (NGS) Set to Dominate
The next-generation sequencing segment is anticipated to exhibit the highest growth rate in the forensic technologies market, with a projected CAGR of 14.7% from 2023 to 2030. The remarkable growth of NGS can be attributed to its significant advancements and advantages in forensic science applications, particularly in paternity testing and human identification from degraded biological samples.
Asia Pacific: A Rapidly Growing Market
The Asia Pacific region is expected to witness the fastest growth rate in the forensic technologies market during the forecast period, with a projected CAGR of 11.5%. The rapid growth can be attributed to the increasing awareness of forensic technologies and their applications in the region. Governments, law enforcement agencies, and research institutions are actively investing in the adoption of advanced forensic technologies to enhance their investigation capabilities and strengthen their criminal justice systems.
Key Developments Shaping the Forensic Technologies Market
Governor Lamont recently announced a grant for the development of a unified state-wide forensic management interface in Connecticut. This initiative aims to streamline the process of analyzing firearms-related incidents and enhance the state’s ability to investigate and analyze crimes involving guns. The Connecticut Forensic Science Laboratory will establish the Connecticut Crime Gun Intelligence Centre with the support of a federal grant, reinforcing their forensic capabilities.
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Conclusion
The forensic technologies market is witnessing significant growth, driven by increasing investments and funding from private and public organizations worldwide. The market’s expansion is fueled by advancements in techniques such as capillary electrophoresis and next-generation sequencing, which offer accurate and reliable analysis of forensic evidence. North America currently leads the market, while the Asia Pacific region presents tremendous growth opportunities. The continuous development of innovative solutions by key market players further propels the market forward, enabling enhanced forensic investigations and supporting criminal justice systems globally.
