The major factors driving the growth of the Forensic Equipment Market are 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.
According to the new market research report Forensic Equipment and Supplies Market is projected to reach $8.7 billion by 2024, at a CAGR of 7.7%.
The instruments segment is expected to account for the largest share of the Forensic Equipment Market in 2019. Based on product, the Forensic Equipment and Supplies Market is segmented into instruments, reagents & consumables, evidence-drying cabinets, and low-temperature storage devices. The increasing adoption of DNA profiling in criminology across emerging and less-developed countries and the increasing production of illicit drugs are the major factors driving the growth of this market segment.
Based on application, the Forensic Supplies Market is segmented into drug testing/toxicology, blood analysis, DNA analysis, biometrics, and other applications. The drug testing/toxicology segment is expected to grow at the highest CAGR during the forecast period primarily due to the increasing number of drug testing laboratories across major countries, growing availability of innovative toxicity analysis platforms worldwide and the rising incidence of drug abuse and related criminal cases.
The major players operating in the Forensic Equipment and Supplies Market are Thermo Fisher Scientific (US), Waters Corporation (US), Agilent Technologies (US), PerkinElmer (US), and SCIEX (Danaher Corporation, US). The other prominent players operating in the market include QIAGEN NV (Netherlands), Air Science (US), GE Healthcare (US), Spectris (UK), Lynn Peavey Company (US), Sirchie (US), BVDA International (Netherlands), Safariland, LLC (US), Horiba (Japan), and Illumina, Inc. (US).
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