Fior Markets launched a study titled “Forensic Equipment and Supplies Market by Product (Instruments, Reagents and Consumables, Evidence-Drying Cabinets, Low-Temperature Storage Devices), End User, Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019to 2026.”
The global forensic equipment and supplies market is expected to grow from USD 4.26 Billion in 2018 to USD 9.34 Billion by 2026 at a CAGR of 10.3% during the forecast period from 2019-2026.The key contributing factor for the market growth are growing crimes rate across worldand change in lifestyle and rising consciousness among investigators about the role of DNA profiling in criminology
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The reagents and consumables segment is dominating the market with the highest share 38.70% in 2018.
The product segment is classified instruments, reagents and consumables, evidence-drying cabinets and low-temperature storage devices. The reagents and consumables segment is dominating the market in 2018 due to the increasing number of criminal investigations, growing focus of governments on clearing the backlogs of crime cases, public-private investments in forensic sciences, and the rising awareness of DNA profiling in criminology across emerging and less-developed countries.
The drug testing/toxicology segment valued around USD 2.18Billion in 2018.
The end-user segment is divided into segments such as drug testing/toxicology, DNA analysis, biometrics, blood analysis, and other applications. The drug testing/toxicology segment is dominating the market with the highest share in 2018 owing to the growing 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.
Government forensic laboratories segment is dominating the market with the highest share 39.90% in 2018.
Application segment includes government forensic laboratories, independent forensic laboratories, and research laboratories & academic institutes. Government forensic laboratories segment is dominating the forensic equipment and supplies market in 2018. The increasing availability of innovative toxicity analysis platforms worldwide and the growing number of drug testing laboratories across major countries are influencing the demand from government forensic laboratories.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America is dominating the market with the highest share of 44.10% in 2018.North America is dominating the market due to the rising public-private investments in the forensics industry. Also, ongoing technological advancements in forensic equipment, increasing commercialization of forensic equipment and the presence of major market players are stimulating the market growth in the region
The major players of market include Thermo Fisher Scientific, SCIEX (Danaher Corporation), PerkinElmer, Agilent Technologies, Waters Corporation, GE Healthcare, QIAGEN NV, Spectris, Air Science, Lynn Peavey Company, Sirchie, BVDA International, Safariland, LLC, Horiba, and Illumina, Inc
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