Factors such as the growing number of crimes across major countries, growing public-private investments in the field of forensics, ongoing technological advancements in forensic sciences, and the rising awareness among investigators about the role of DNA profiling in criminology are driving the growth of the forensic equipment and supplies market.
According to research report Forensic Equipment and Supplies Market is projected to reach $8.7 billion by 2024, at a CAGR of 7.7%.
The major players operating in the forensic equipment and supplies market include Thermo Fisher Scientific (US), PerkinElmer (US), Waters Corporation (US), and SCIEX (Danaher Corporation, US), Agilent Technologies (US). Other prominent players in this market include GE Healthcare (US), Spectris (UK), Air Science (US), QIAGEN NV (Netherlands), Lynn Peavey Company (US), Sirchie (US), BVDA International (Netherlands), Safariland, LLC (US), Horiba (Japan), and Illumina, Inc. (US). The analysis of market developments between 2014 and 2018 revealed that several growth strategies such as product launches and strategic market expansions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the forensic equipment and supplies market.
Thermo Fisher Scientific (US) dominated the market in 2018. The company offers a broad range of forensic equipment and supplies that are used in various applications, such as forensic DNA analysis, forensic toxicology, and blood analysis. The company has a strong geographic presence across North America, Europe, Africa, the Asia Pacific and the Middle East. Thermo Fisher mainly focuses on the development of technologically innovative products to further strengthen its position in the market. The company launched Vanquish UHPLC and the Thermo Scientific Q Exactive BioPharma MS/MS Hybrid Quadropole-Orbitrap mass spectrometer in the last three years.
Based on product, the forensic equipment market is segmented into reagents & consumables, instruments, evidence-drying cabinets, and low-temperature storage devices. The instruments segment is expected to account for the largest share of the forensic supplies market in 2019.
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