DUBLIN--(BUSINESS WIRE)--The "Forensic Equipment and Supplies Market by Product, Application, End-user - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global forensic equipment and supplies market is projected to reach USD 8.7 billion by 2024 from USD 6 billion in 2019, at a CAGR of 7.7%.
The growth of this market is majorly driven by factors such as the ongoing technological advancements in forensic sciences, growing public-private investments in the field of forensics, increasing number of crimes, and the rising awareness among investigators about the role of DNA profiling in criminology.
However, the high cost of forensic instruments and the dearth of skilled technicians to perform forensic analysis in emerging countries are expected to restrain the growth of this market during the forecast period.
The reagents and consumables segment to witness the highest growth rate in the forensic equipment and supplies market, by product
Based on product, the forensic equipment and supplies market is segmented into instruments, reagents & consumables, evidence-drying cabinets, and low-temperature storage devices. The reagents and consumables segment is expected to account for the largest share of this market in 2019.
This segment is also expected to grow at the highest CAGR during the forecast period owing to the growing demand for reagents and consumables as a result of the increasing number of criminal investigations in several countries across the globe.
The drug testing/toxicology segment to account for the largest share of the forensic equipment and supplies market, by application, in 2019
Based on application, the forensic equipment and supplies market is segmented into DNA analysis, drug testing/toxicology, blood analysis, biometrics, and other applications. The drug testing/toxicology segment is expected to account for the largest share of the forensic equipment and supplies market in 2019.
The growth of this application segment can be attributed to the rising incidence of drug abuse and related criminal cases and the increasing production of illicit drugs in several countries across the globe.
Government forensic laboratories segment to witness the highest growth rate in the forensic equipment and supplies market, by end user
Based on end user, the forensic equipment and supplies market has been segmented into government forensic laboratories, independent forensic laboratories, and research laboratories & academic institutes.
The government forensic laboratories segment is estimated to grow at the highest CAGR during the forecast period majorly due to the increased funding and investments by governments to strengthen their analytical capabilities in the field of forensics and expand their coverage across sub-urban and rural areas to maintain law and order effectively.
The Asia Pacific market to grow at the highest CAGR during the forecast period
The forensic equipment and supplies market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific market is expected to grow at the highest CAGR during the forecast period majorly due to the increasing number of R&D activities and growing awareness about the applications of forensic equipment in criminal investigations in several Asia Pacific countries.
Furthermore, the growing number of crimes, increasing focus by governments on clearing the pending backlog of criminal cases for effective jurisdiction and law enforcement, and expansion of major manufacturers of forensic equipment and supplies in emerging Asia Pacific countries such as India and China are the other major factors supporting the growth of this market.
Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency Used for the Study
1.5 Major Market Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Estimation Methodology
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Forensic Equipment Market Overview
4.2 Asia Pacific: Forensic Equipment Market, By Product
4.3 Forensic Equipment Market, By Application
4.4 Forensic Equipment Market, By End User
4.5 Forensic Equipment Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Number of Crimes Across Major Countries
5.2.1.2 Ongoing Technological Advancements
5.2.1.3 Growing Government Investments in the Field of Forensics
5.2.1.4 Rising Awareness Among Investigators About the Role of DNA Profiling in Criminology
5.2.2 Restraints
5.2.2.1 High Cost of Forensic Instruments
5.2.2.2 Dearth of Skilled Technicians
5.2.3 Opportunities
5.2.3.1 Emerging Markets
6 Forensic Equipment and Supplies Market, By Product
6.1 Introduction
6.2 Instruments
6.3 Reagents and Consumables
6.4 Evidence-Drying Cabinets
6.5 Low-Temperature Storage Devices
7 Forensic Equipment and Supplies Market, By Application
7.1 Introduction
7.2 Drug Testing/Toxicology
7.3 DNA Analysis
7.4 Biometrics
7.5 Blood Analysis
7.6 Other Applications
8 Forensic Equipment and Supplies Market, By End User
8.1 Introduction
8.2 Government Forensic Laboratories
8.3 Independent Forensic Laboratories
8.4 Research Laboratories & Academic Institutes
9 Forensic Equipment and Supplies Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Latin America
9.6 Middle East & Africa
10 Competitive Landscape
10.1 Overview
10.2 Global Market Share Analysis (2017)
10.3 Competitive Scenario (2014-2018)
10.4 Competitive Leadership Mapping: Overview
10.5 Vendor Inclusion Criteria
10.6 Competitive Leadership Mapping (Overall Market - 2017)
11 Company Profiles
11.1 Introduction
11.2 Agilent Technologies Inc.
11.3 Air Science
11.4 Bvda International
11.5 Danaher Corporation
11.6 General Electric Company
11.7 Horiba
11.8 Illumina Inc.
11.9 Lynn Peavey Company
11.10 Perkinelmer Inc.
11.11 Qiagen N.V.
11.12 Safariland LLC
11.13 Sirchie
11.14 Spectris
11.15 Thermo Fisher Scientific
11.16 Waters Corporation
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