Forensic Products and Services Market Forecast 2022

The major U.S. forensic products and services market reached nearly $12.7 billion in 2016. This market is expected to grow to nearly $13.3 billion in 2017 and $19.2 billion by 2022 at a compound annual growth (CAGR) of 7.7% for the period 2017 to 2022.

Report Includes

-An overview of new and growing markets for forensic technologies

-Study of market trends in forensic technologies, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022

-Information on all areas of the forensics market, including identification of current and future technologies, products, market segments and end markets, and regulatory agencies

-Information on major patents filed

-Information on participating companies in light of technological strengths and weaknesses, relative market shares, marketing strengths, and innovative marketing practices

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Study Goals and Objectives

This report discusses forensic science industry technologies, commercial products, services, research and development initiatives, and the overall market context in which forensic science exists. The report provides descriptions of technologies and products, an evaluation of trends in the application of these technologies and products, identification of notable patents, and measurements and forecasts of market demand through 2022. Company profiles of leading companies are provided as well. Product and service categories examined include study instrumentation and supplies, drug identification, toxicology, fingerprinting and biometrics, DNA profiling and allied areas such as laboratory information management systems (LIMS), forensic accounting and computer/digital forensics, forensics consulting and other important niches.

Reasons for Doing This Study and Its Importance

Public and private forensic labs, as well as forensic consulting services in the case of electronic evidence, analyze evidence from millions of cases annually. Although the market for forensic study and related products is smaller than the market for biotechnology and pharmaceutical products, crime laboratory study serve a critical function in society, and so the forensics sector continues to develop and expand.

The forensics business is one of the most dynamic sectors of the modern economy due to a unique confluence of technological change and social demands. In short, the capability of forensic techniques has grown by leaps and bounds; costs have dropped, which have led decision-makers to promote forensics to a generally receptive public. Although the last couple of years have witnessed some controversy over the validity of certain forensic techniques, overall the demand trend for forensic products and services remains on an upswing. In addition to technological change in the forensics business, the impact of legal decisions, such as the June 2013 U.S. Supreme Court decision allowing routine DNA “fingerprinting,” is critical in shaping the future of the business.

Technology advancements in forensics have been of considerable import in recent years. Examples include enhanced techniques for computer data and mobile device recovery (electronic evidence), successful use of “touch DNA” to prosecute property crimes, higher throughput and even real-time DNA sequencing machines for DNA identification, improved fingerprint recovery from metals such as gun cartridges and bomb fragments, use of the chemistry of color to identify chemical and biological weapons, and sensing technologies that are improving the detection of drugs and explosives at security checkpoints. Other advancements include portable DNA profiling techniques used at crime scenes, greater accuracy in ascertaining the age at death of crime victims and developments in scanning, facial recognition and biometrics. These technological advancements have reduced per unit costs in practical applications, enhancing the affordability of forensic applications and increasing their market penetration.

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