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$7.1+ Billion Worldwide Forensic Equipment and Supplies Industry to 2029 - Increasing Number of Crimes and Continuous Technological Improvements in Forensic Sciences are Among the Factors Driving Growth

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Dublin, Nov. 03, 2022 (GLOBE NEWSWIRE) -- The "Forensic Equipment and Supplies Market Analysis by Product, by Application by End user, and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The forensic equipment and supplies market size is estimated to be USD 7.1 billion in 2021 and is expected to witness a CAGR of 9.72% during the forecast period 2022-2029.

The increasing number of crimes across major countries, continuous technological improvements in forensic sciences, rising social investments in the field of forensics, and growing knowledge among investigators about the role of DNA profiling in criminology factors contributing to the market growth.

However, increasing cost of forensic instruments and lack of skilled professional is expected to hinder the growth.

By Product

Based on product, the market is segregated into reagents & consumables, instruments, low-temperature storage devices, and evidence drying cabinets. In 2021, the reagents & consumables segment accounted for the highest revenue share owing to the growing popularity of DNA profiling in criminology throughout developing and emerging nations, increasing governments' focus on reducing crime case backlogs, growing number of criminal investigations, and rising investments in forensic sciences by the private and public players.

By Application

On the basis of application, the market is categorized into biometrics, blood analysis, DNA analysis, drug testing/toxicology, and other applications. In 2021, the drug testing/toxicology segment accounted for the highest revenue share due to the growing number of drug testing facilities distributed throughout major nations and the global expansion of cutting-edge toxicity analysis platforms.

By End user

Based on end user, the market is segregated into independent forensic laboratories, government forensic laboratories, and research laboratories & academic institutes. In 2021, the government forensic laboratories segment accounted for the highest revenue share owing to efficiently upholding law and order, they need to extend their coverage to rural and suburban regions and increase investment and expenditures made by governments to improve their forensics analytical skills.

Regional Markets

In 2021, North America region accounted for the highest revenue in the forensic equipment and supplies market and is expected to maintain its dominance during the forecast period. This is attributed to the growing public investments in the forensics industry in the United States and Canada, continuous technological developments in forensic equipment, rising commercialization of forensic equipment, and the existence of multiple market players in the region.

Competitor Insights

Some of the key players operating in the forensic equipment and supplies market are Thermo Fisher Scientific (US), SCIEX (Danaher Corporation, US), PerkinElmer (US), Agilent Technologies (US), Waters Corporation (US), GE Healthcare (US), QIAGEN NV (Netherlands), Spectris (UK), Air Science (US), Lynn Peavey Company (US), Sirchie (US), BVDA International (Netherlands), Safariland, LLC (US), Horiba (Japan), and Illumina, Inc. (US).

Key Topics Covered:

1. Research Methodology

2. Introduction: Forensic Equipment and Supplies

3. Executive Summary

4. Market Dynamics
4.1.Market Drivers
4.2. Market Restraint
4.3.Market Opportunities
4.4.Market Trends
4.5.Market Challenges

5. Market Environment Analysis
5.1.Porter's 5 Forces Analysis
5.2.PESTEL Analysis
5.3.Value Chain Analysis
5.4.SWOT Analysis
5.5.Benchmark

6. COVID-19 Impact Analysis: Forensic Equipment and Supplies Market
6.1.COVID-19: Overview
6.2.COVID-19 Impact on the Global Market
6.3.COVID-19 Impact on the Regional Markets

7. Market Analysis by Product
7.1.Reagents & Consumables
7.1.1.Reagents & Consumables Market Forecast, 2021-2029 (USD Million)
7.2.Instruments
7.2.1.Instruments Market Forecast, 2021-2029 (USD Million)
7.3.Low-temperature Storage Devices
7.3.1.Low-temperature Storage Devices Market Forecast, 2021-2029 (USD Million)
7.4.Evidence Drying Cabinets
7.4.1.Evidence Drying Cabinets Market Forecast, 2021-2029 (USD Million)

8. Market Analysis by Application
8.1.Biometrics
8.1.1.Biometrics Market Forecast, 2021-2029 (USD Million)
8.2.Blood Analysis
8.2.1.Blood Analysis Market Forecast, 2021-2029 (USD Million)
8.3.DNA Analysis
8.3.1.DNA Analysis Market Forecast, 2021-2029 (USD Million)
8.4.Drug Testing/Toxicology
8.4.1.Drug Testing/Toxicology Market Forecast, 2021-2029 (USD Million)
8.5.Other Applications
8.5.1.Other Applications Market Forecast, 2021-2029 (USD Million)

9. Market Analysis by End User
9.1.Independent Forensic Laboratories
9.1.1.Independent Forensic Laboratories Market Forecast, 2021-2029 (USD Million)
9.2.Government Forensic Laboratories
9.2.1.Government Forensic Laboratories Market Forecast, 2021-2029 (USD Million)
9.3.Research Laboratories & Academic Institutes
9.3.1.Research Laboratories & Academic Institutes Market Forecast, 2021-2029 (USD Million)

10. Regional Market Analysis
10.1.Regional Market Trends
10.2.Regional Market: Comparative Analysis

11. North America Forensic Equipment and Supplies Market

12. Europe Forensic Equipment and Supplies Market

13. Asia Pacific Forensic Equipment and Supplies Market

14. Latin America Forensic Equipment and Supplies Market

15. MEA Forensic Equipment and Supplies Market

16. Competitor Analysis
16.1.Market Share Analysis, 2021 & 2029
16.2.Competitive Mapping
16.3.Key Players Market Place Analysis
16.4.Major Recent Developments

17. Company Profiles
17.1.Thermo Fisher Scientific (US)
17.1.1.Company Snapshot
17.1.2.Company Overview
17.1.3.Financials
17.1.4.Application Benchmarking
17.1.5.Recent Developments
17.2.SCIEX (Danaher Corporation, US)
17.2.1.Company Snapshot
17.2.2.Company Overview
17.2.3.Financials
17.2.4.Application Benchmarking
17.2.5.Recent Developments
17.3.Agilent Technologies (US)
17.3.1.Company Snapshot
17.3.2.Company Overview
17.3.3.Financials
17.3.4.Application Benchmarking
17.3.5.Recent Developments
17.4.Waters Corporation (US)
17.4.1.Company Snapshot
17.4.2.Company Overview
17.4.3.Financials
17.4.4.Application Benchmarking
17.4.5.Recent Developments
17.5. GE Healthcare (US)
17.5.1.Company Snapshot
17.5.2.Company Overview
17.5.3.Financials
17.5.4.Application Benchmarking
17.5.5.Recent Developments
17.6.QIAGEN NV (Netherlands)
17.6.1.Company Snapshot
17.6.2.Company Overview
17.6.3.Financials
17.6.4.Application Benchmarking
17.6.5.Recent Developments
17.7. Spectris (UK)
17.7.1.Company Snapshot
17.7.2.Company Overview
17.7.3.Financials
17.7.4.Application Benchmarking
17.7.5.Recent Developments
17.8.Air Science (US)
17.8.1.Company Snapshot
17.8.2.Company Overview
17.8.3.Financials
17.8.4.Application Benchmarking
17.8.5.Recent Developments
17.9.Lynn Peavey Company (US)
17.9.1.Company Snapshot
17.9.2.Company Overview
17.9.3.Financials
17.9.4.Application Benchmarking
17.9.5.Recent Developments
17.10.Sirchie (US)
17.10.1.Company Snapshot
17.10.2.Company Overview
17.10.3.Financials
17.10.4.Application Benchmarking
17.10.5.Recent Developments
17.11.BVDA International (Netherlands)
17.11.1.Company Snapshot
17.11.2.Company Overview
17.11.3.Financials
17.11.4.Product Benchmarking
17.11.5.Recent Developments
17.12.Safariland, LLC (US)
17.12.1.Company Snapshot
17.12.2.Company Overview
17.12.3.Financials
17.12.4.Product Benchmarking
17.12.5.Recent Developments
17.13.Horiba (Japan)
17.13.1.Company Snapshot
17.13.2.Company Overview
17.13.3.Financials
17.13.4.Product Benchmarking
17.13.5.Recent Developments
17.14.Illumina, Inc. (US)
17.14.1.Company Snapshot
17.14.2.Company Overview
17.14.3.Financials
17.14.4.Product Benchmarking
17.14.5.Recent Developments

18. Conclusion & Recommendations

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