FORENSIC TECHNOLOGIES AND SERVICES MARKET ANALYSIS

Forensic Technologies And Services MarketSize and Trends

Forensic Technologies and Services Market – Insights

Advanced technologies in forensics science has been the substantial importance in recent years. Few examples of such advancements include enhanced fingerprint retrieval from metal objects such as gun cartridges and various metal ammunition, role of chemistry to identify chemical and biological weapons, and integration of various technologies, which can improve detection of various drugs and explosives materials at security checkpoints. Moreover, other such advancements in checking human crimes include portable DNA profiling techniques at crime scenes, which provides high accuracy in determining the age of an individual related to crime.

These technological advancements helped the market with reduced costs in practical applications, which enhances the affordability of forensic applications in various fields and thus, increases their market penetration. Increasing use of DNA profiling and other fingerprint technologies have shown a high visibility to forensic testing. The U.S. remains on top with large number of crime happening yearly. This has led to increasing number of forensic laboratories in the U.S., of which perfume forensic study has raised from 490 in 2000 to around 550 in 2010. Noticing top 50 publicly funded forensic crime labs in the U.S., the annual aggregate budget of such labs is around US $360 million. These laboratories analyze hundreds of thousands of samples annually.

The global forensic technologies and services market size was valued at US$ 14,877.7 million in 2019, and is expected to witness a CAGR of 12.8% over the forecast period (2019-2027).