U.S. Forensic Technology Market Size & Outlook, 2023-2030
U.S. forensic technology market, 2018-2030 (US$M)
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U.S. forensic technology market highlights
- The U.S. forensic technology market generated a revenue of USD 1,645.6 million in 2023 and is expected to reach USD 2,897.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.4% 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 1,645.6 million |
| Market revenue in 2030 | USD 2,897.9 million |
| Growth rate | 8.4% (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, U.S. accounted for 29.9% 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 |
|---|
U.S. 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 39.61% in 2023. Horizon Databook has segmented the U.S. 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 U.S. accounted for leading share in North America forensic technology market in 2018. This can be attributed to local presence of major players, increase in use of technologically advanced forensic solutions, high overall crime rates, and growing initiatives undertaken by public & private organizations.
Agilent Technologies, Inc., GE Healthcare, Thermo Fisher Scientific Inc., Forensic Fluids Laboratories, SPEX Forensics, Neogen Corporation, NMS Labs, and Verogen, Inc. are some of the U.S.-based key players involved in extensive development & commercialization of various forensic solutions & services.
For instance, in November 2019, Thermo Fisher Scientific, Inc. launched the new Applied Biosystems SeqStudio Genetic Analyzer for Human Identification, an affordable Capillary Electrophoresis (CE) platform for DNA profiling.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. forensic technology market , including forecasts for subscribers. This country databook contains high-level insights into U.S. forensic technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. forensic technology market size, by type, 2018-2030 (US$M)
U.S. Forensic Technology Market Outlook Share, 2023 & 2030 (US$M)
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