Forensics Testing Market will reach US$ 64.2 billion by the end of 2030

The Global Forensics Testing Market size is expected to reach US$ 64.2 billion by the end of 2030, with a CAGR of 15.1% during 2023-2030. There is a significant market opportunity for forensic services as there is high crime rate and a need for advanced forensic technology and expertise to solve crimes and bring criminals to justice. This includes areas such as DNA analysis, fingerprint analysis, ballistics analysis, and digital forensics. Additionally, there is a growing demand for forensic accounting and financial fraud investigations. Companies and organizations in the forensic industry can also find opportunities in providing training and consulting services to government and law enforcement agencies.

The forensic services require high initial investment due to the expensive nature of the equipment and technology needed to perform forensic investigations. Forensic investigations require a wide range of specialized equipment, including DNA sequencers, mass spectrometers, fingerprint analysis equipment, and ballistics analysis equipment. These pieces of equipment are typically very expensive and a cost hundreds of thousands of dollars each. In addition, many of these equipment needs regular maintenance and upgrades, which can also be costly.

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By type, the forensics testing market s divided into DNA Profiling, Fingerprinting Analysis, Drug Analysis, Firearm Analysis, Toxicology, Latent Prints, Trace Evidence, Analysis, Footwear / Tire Tracks and Others. In 2023, the DNA Profiling captured the highest share of 22%. This segment will continue to capture the largest share. DNA Profiling will continue to dominate the market as DNA profiling is a highly accurate and reliable method of identification, and it has revolutionized forensic science and criminal investigations.

By applications, the forensics market is sub divided into medical examination/pathology, government, law enforcement agencies, research and development and others. In 2023, the medical examination segment captured the largest share of 27%. Medical examination segment will continue to rise as is an important aspect of forensic testing because it can provide valuable evidence for criminal investigations and help to establish the cause and manner of death in cases of sudden or suspicious death.

The companies that provide forensic services are striving to consolidate their market share by expanding their services and offering more specialized services to clients. Some companies are also investing in new technology and equipment to improve the accuracy and efficiency of their services. Major players operating the global forensics testing market are GE, NMS Labs, Thermo Fisher Scientific, 3M, Agilent Technologies, Belkasoft,, LGC Limited, MorphoTrust USA, Ultra Electronics Forensic Technology, Socotec, MSAB, Merck

In 2022, SGL expansion of good laboratory practices (GLP)-compliant product chemistry and physical-chemical testing capabilities for polymers at our laboratory in Hurth, Germany. In 2019, SGS is declared the acquisition of the assets and operations of Forensic Analytical Laboratories, Inc (FALI), based in California and Nevada, USA.

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In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers & Opportunities
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
• Value Chain Analysis
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global forensic testing market in every aspect of the classification from perspectives of Component, Product Type, Industry Vertical, and Region.

Table of Content
1. Introduction
1.1. Report Coverage
1.1.1. Global Forensic Analysis/Testing Market Sizes By Type of Analysis
1.1.2. Global Forensic Testing Market Sizes by End-user Applications
1.1.3. Global Forensic Analysis/Testing Market Sizes by Instruments
1.1.4. Global Forensic Testing Market Sizes Segmented by Country Provinces/Regions
1.2. Stakeholders
1.3. Stakeholders
2. Global Forensic Analysis/Testing Market Size & Outlook, Segmented By Type of Testing
2.1. Introduction
2.2. DNA Profiling
2.3. Fingerprinting Analysis and Latent Prints
2.4. Drug Analysis and Toxicology
2.5. Firearm Analysis
2.6. Trace Evidence Analysis
2.7. Footwear/Tire Tracks
2.8. Stable Isotope Analysis
2.9. Nuclear Forensic Analysis
2.10. Others
3. Global Forensic Analysis/Testing Market Size & Outlook, By End-User Applications
3.1. Introduction
3.2. Medical Examination/Pathology
3.3. Coroners
3.4. Government Regulatory Bodies
3.5. Law Enforcement Agencies
3.6. Research Organizations and Institutes of Higher Learning
3.7. Employers
4. Global Forensic Testing Market Size & Outlook, By Instruments
4.1. Introduction
4.2. Microscopes
4.3. Chromatographic instruments
4.4. Spectrometers to continued @ https://www.supplydemandmarketresearch.com/covid-version-global-forensic-products-market-1684271#

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This release was published on openPR.