Forensic Technology Market Size Share Growth Trends Forecast to 2032
Creators
Description
The global forensic technology market is projected to grow from $5.96 billion in 2024 to $9.93 billion by 2032, with a compound annual growth rate of 6.6%. North America dominates the market with a 38.23% share, driven by widespread availability of forensic technology solutions and strong distribution networks.
Key segments include:
- DNA Analysis: Largest market share in 2023, boosted by company collaborations for innovative DNA analysis products
- Services: Leading segment type, supported by rising forensic service provider initiatives
- Chemical Electrophoresis: Dominant technique segment due to increased public and private investments
Recent developments show government investment in the field, such as Canada's $15 million allocation in October 2023 for creating a Pan-Canadian genome library. The market growth is supported by rising crime rates - for example, the United Nations Office on Drugs and Crime reported a global average of 6.1 murders per 100,000 individuals.
Major players include:
- Thermo Fisher Scientific Inc.
- Eurofins Scientific
- DNA Testing, Inc.
- QIAGEN
- Illumina, Inc.
The market faced temporary setbacks during COVID-19 lockdowns but has shown steady growth since 2021.
Report-
Fortune Business Insights - Forensic Technology Market Size & Share Report, 2032
https://www.fortunebusinessinsights.com/forensic-technology-market-110927
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Forensic Technology Market Size & Share.pdf
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