Authored By: Sarah
17 Oct 2024

Latest News: Forensic Equipment Supplies Market is expected to grow by a CAGR of 8.1% during 2024-2028; Trends and Forecasts to 2018

The Forensic Equipment Supplies Market is expected to grow at a CAGR of 8.1% to reach USD 1113.7 million by 2028. The toxicology industry is witnessing a paradigm shift towards advanced molecular-level understanding of human and animal diseases, prioritizing in-vitro and in-silico testing methods over traditional in-vivo techniques. In-vitro testing, which involves experimentation on non-living organisms or cell cultures, is gaining traction due to its ability to detect diseases and screen chemicals at a molecular level with minimal adverse effects. This trend is particularly significant in the pharmaceutical sector, where the need to identify specific biological functionalities and reduce animal usage is paramount. Technological advancements in cell culture, cellular imaging, and toxicogenomics are driving the evolution of in-vitro testing methods, offering a more efficient, cost-effective, and ethical alternative to in-vivo testing.

North America dominates the regional market because of The North American forensic equipment supplies market is primarily driven by the burgeoning healthcare industry in the US and Canada. With approximately 60% of adults in the US suffering from chronic diseases and the geriatric population projected to increase from 52 million in 2018 to 95 million by 2060, the demand for forensic equipment is anticipated to rise significantly. This growth can be attributed to the increasing prevalence of chronic diseases, an aging population, and the need for drug discovery in response to emerging diseases. Moreover, government initiatives such as the National Toxicology Program (NTP) and the Environmental Protection Agency (EPA) Office of Pesticide Programs, which have increased the adoption rate of toxicology testing products, further fuel market growth. Key products in this market include reaction tubes, needles, pipettes, clippers, vials, brushes, and labels.

There are various factors that drive the Forensic Equipment Supplies Market market which are as following: In the burgeoning pharmaceutical and biotechnology sector, the development of new drugs to address an expanding patient base necessitates rigorous safety evaluations. Metabolites derived from Phase I biotransformations, characterized by their chemical reactivity, are prime candidates for such assessments. Active metabolites may engage therapeutic target receptors or non-targets, interacting with enzymes, proteins, and other biological entities, potentially leading to unintended consequences.

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Forensic Equipment Supplies Market Segmentation

  • Application
    • Drug testing
    • DNA analysis
    • Biometrics
    • Blood analysis
    • Others
  • End-user
    • Law enforcement agencies
    • Healthcare
    • Others
  • Geography
    • North America
    • Europe
    • Asia
    • Rest of World (ROW)

The market witnesses several challenges, which are as follows The forensic equipment supplies market is experiencing significant growth due to the increasing demand for advanced tools in scientific fields, particularly toxicology. A key challenge in this sector is the scarcity of adequately trained and skilled toxicology professionals. Sophisticated techniques and instruments are essential for toxicology testing, which includes understanding the chemical components and their metabolic processes within living systems. To meet this requirement, a combination of formal education, specialized training, and operational experience is necessary for professional toxicologists. The ability to identify specific chemical concentrations and their potential impact on cells or genetic systems is crucial for accurate analysis.

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Some of the key companies that have been profiled in the report include: 

  • Adirolabs Labs Pvt. Ltd.
  • Agilent Technologies Inc.
  • Air Science USA LLC
  • Arrowhead Forensics
  • Attestor Forensics GmbH
  • BVDA International BV
  • Crime Scene Investigation Equipment Ltd
  • Danaher Corp.
  • Eurofins Scientific SE
  • General Electric Co.
  • HORIBA Ltd.
  • Illumina Inc.
  • Labconco Corp.
  • Lynn Peavey Co.
  • Perkin Elmer Inc.
  • QIAGEN N.V.
  • Safariland LLC
  • Thermo Fisher Scientific Inc.
  • Tritech Forensics Inc.
  • Waters Corp.

Market Research Overview 

The Forensic Equipment Supplies Market encompasses businesses involved in the research and development (R&D) of a wide range of products within the forensic science sector, including DNA analysis equipment, digital forensics tools, and toxicology supplies. According to Technavio, the global Forensic Equipment Supplies Market size is determined by the consolidated revenue generated by manufacturers of these specialized supplies. Factors driving growth in this market include the increasing global population aging, with nearly one-quarter of the US population projected to be over 60 years old by 2050, and Europe expected to reach a similar demographic milestone by 2030. This demographic shift will lead to a surge in criminal investigations, thereby boosting the demand for advanced forensic equipment and supplies. - The Forensic Equipment Supplies Market is experiencing significant growth, fueled by the Regular use of toxicology testing in pharmaceutical and biotechnology industries. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Market Research Analysis

The Forensic Equipment Market encompasses a range of tools and supplies used in Forensic Sciences for criminal investigations and legal proceedings. This includes DNA analytical devices for DNA analysis, digital forensics tools for investigating digital crimes, and toxicology equipment for Forensic Toxicology. Fingerprint analysis, Ballistic analysis, and other forensic technologies are also part of this market. The market growth is driven by the increasing number of crimes, advancements in forensic sciences, and public-private investments in forensic technologies. Product literature and industry releases provide valuable information on the latest developments in this field, which is essential for criminal investigations and evidence collection for legal purposes. Forensic Equipment Market caters to various applications such as DNA profiling, Criminology, and Toxicology controls.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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