Canada Forensic Technology Market Size & Outlook
Canada forensic technology market, 2018-2030 (US$M)
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Canada forensic technology market highlights
- The Canada forensic technology market generated a revenue of USD 276.6 million in 2023 and is expected to reach USD 573.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, capillary electrophoresis was the largest revenue generating type in 2023.
- Next Generation Sequencing (NGS) is the most lucrative type segment registering the fastest growth during the forecast period.
Forensic technology market data book summary
| Market revenue in 2023 | USD 276.6 million |
| Market revenue in 2030 | USD 573.6 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Capillary electrophoresis |
| Fastest growing segment | Next Generation Sequencing (NGS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymerase Chain Reaction (PCR), Capillary Electrophoresis, Next Generation Sequencing (NGS), Rapid DNA Analysis, Automated Liquid Handling Technology, Microarrays |
| Key market players worldwide | Agilent Technologies Inc, GE HealthCare Technologies Inc Common Stock, Thermo Fisher Scientific Inc, Eurofins Scientific SE, LGC Group, Horiba Ltd, NMS Labs, Forensic Pathways Ltd, Forensic Fluids Laboratories |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global forensic technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. forensic technology market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 573.6 million by 2030.
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Forensic Technology Market Scope
Forensic Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada forensic technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to forensic technology market will help companies and investors design strategic landscapes.
Capillary electrophoresis was the largest segment with a revenue share of 39.62% in 2023. Horizon Databook has segmented the Canada forensic technology market based on polymerase chain reaction (pcr), capillary electrophoresis, next generation sequencing (ngs), rapid dna analysis, automated liquid handling technology, microarrays covering the revenue growth of each sub-segment from 2018 to 2030.
The National DNA Database of Canada was created in 1998 and reports statistics on its efficiency and use every year. Although crime rates in the country are declining, various initiatives involving DNA forensics have been undertaken by the government to further reduce crimes. For instance, an initiative was undertaken by Royal Canadian Mounted Police to prevent crimes against women, with the help of DNA forensic techniques and specimen collection.
DNA analyses and forensic biology are being used consistently to close criminal cases such as sexual assaults, homicides, and physical assaults. For example, Maxxam, a Canadian private DNA testing laboratory, has worked with several agencies on DNA analyses for over 3,700 criminal cases and helped submit over 2,300 profiles to the Combined DNA Index System (CODIS) so far. In addition, various guidelines have been introduced to standardize approach in DNA forensic testing, which is expected to boost the overall market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada forensic technology market , including forecasts for subscribers. This country databook contains high-level insights into Canada forensic technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada forensic technology market size, by type, 2018-2030 (US$M)
Canada Forensic Technology Market Outlook Share, 2023 & 2030 (US$M)
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