Forensic Equipment And Supplies Market Size, Share, Industry Trends and Forecast to 2030

Forensic Equipment And Supplies Market Size & CAGR in 2021

The global forensic equipment and supplies market is projected to witness a steady growth rate with a CAGR of 5.2% from 2021 to 2026. In 2021, the market size was valued at USD 14.6 billion and is expected to reach USD 20.3 billion by 2026.

COVID-19 Impact on the Forensic Equipment And Supplies Market

The forensic equipment and supplies market faced certain challenges due to the COVID-19 pandemic. The restriction on movement and shutdown of various industries resulted in a temporary slowdown in the market. However, the need for forensic analysis in criminal investigations and legal proceedings continued to drive the demand for forensic equipment and supplies.

Forensic Equipment And Supplies Dynamics

The forensic equipment and supplies market is driven by factors such as the rising incidence of crimes, increasing forensic capabilities, technological advancements in forensic tools, and the growing emphasis on DNA testing and evidence analysis. Government initiatives aimed at improving forensic infrastructure also contribute to market growth.

Segments and Related Analysis

The forensic equipment and supplies market can be segmented based on product type, application, and end-user. Product types include DNA analysis equipment, fingerprint analysis tools, drug analysis equipment, and others. Applications include law enforcement agencies, crime laboratories, and research institutions.

By Region Analysis

The forensic equipment and supplies market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America leads the market due to technological advancements and a strong emphasis on forensic investigations. However, the Asia Pacific region is projected to witness the highest growth rate during the forecast period.

Key Market Players and Competitive Landscape

Leading companies in the forensic equipment and supplies market include Thermo Fisher Scientific, Eurofins Scientific, Agilent Technologies, SCIEX, and NMS Labs. These players focus on strategic collaborations, product innovation, and geographical expansions to gain a competitive edge in the market.

Recent happenings in the Forensic Equipment And Supplies Market

- In 2021, Thermo Fisher Scientific launched a new DNA analysis kit for forensic laboratories.

- Eurofins Scientific acquired a leading forensic testing laboratory to strengthen its presence in the market.

- Agilent Technologies introduced a new line of drug analysis equipment with improved accuracy and efficiency.

- SCIEX partnered with a research institution to develop advanced fingerprint analysis tools for forensic applications.

- NMS Labs invested in R&D to enhance its portfolio of forensic equipment and supplies for law enforcement agencies.