Global Forensic Medicine Market - Segmented by Method, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Forensic Medicine Market - Segmented by Method, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The global forensic medicine market is expected to register a CAGR of 12% during 2018 to 2023 (the forecast period). Forensic medicine is an important part of criminal investigations and is used for the analysis, identification, and evaluation of physical evidence gathered from a crime scene. Department of forensic medicine was a section within the Department of Pathology. Forensic medicine deals with the application of scientific medical knowledge to the administration of law, to the furthering of justice, and to the legal relations of the medical practitioner, forensic medicine addresses the physiology of dying, the cause and time of death, and post death phenomena.

Increase in Global Crime Rate

The crimes rates are on rise, globally, especially in the North American region. Moreover, the United States and Canada have the highest overall crime rates in the world. In 2016, The 30 largest US cities saw a double-digit increase in their murder rate, according to a year-end report. A recent study, by the New York University’s Brennan Center for justice, projects that the 2016 murder rate for the largest US cities increased by 14% from 2015, while the violent crime rate by 3.3%. Further, in Europe, the number of homicide cases decreased, however, the number of rape offences have increased by 37% in the past 5 years. In addition, the crime rate in the Latin American region is pretty high, with violent crime constituting the major part. Increasing crime rate is the major issue, and to tackle this issue the crime conviction rate must increase, which will increase demand for techniques that involve collection and analysis of medical evidence, to produce objective information for use in the legal system i.e., forensic medicine. In addition, sophistication of crime and latent demand for forensic technologies are also expected to supplement the growth of this market.

Reduction in Government Spend on Forensic Technologies

The majority of criminals are not brilliant, however, even their rudimentary efforts to cover their tracks can make an investigator's job infuriatingly difficult. New technology is expected to help, however, only if crime labs can adopt the new technology within their budgets or retraining the entire staff. For instance, in 2010, the government announced plans of closing the Forensic Science Service (FSS), a government-owned company (GovCo) that employed around 1,600 staff, claiming that it was losing about GBP 2 million a month The Commons Science and Technology Committee concluded that major crimes could go unsolved, unless the government does more to support forensic science. The reduction of government spending on forensic technologies is one of the major factor restraining the forensic medicine market growth.

Other factors, such as declining supply of forensic services and regulatory constraints, are hindering the market growth.

US to Lead the Market

The United States in the North American region dominates the market of forensic medicine, due to the increasing rate of crimes in the country. There has been a significant increase in the adoption of forensics by private companies and law enforcement agencies in various sectors, including healthcare. North America has the highest market share, and it is followed by the Europe and Asia-Pacific.

Key Developments in the Market

  • October 2017 - Eurofins planned to reinforce its Forensic services portfolio and footprint with the acquisition of LGC Forensics.
  • January 2018 - Agilent Technologies acquired Luxcel Biosciences.

Reasons to Purchase this Report
  • Current and future forensic medicine market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet ((in Excel).
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1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Increase in Global Crime Rate
6.1.2 Sophistication of Crime
6.1.3 Latent Demand for Forensic Technologies
6.2 Market Restraints
6.2.1 Reduction in Government Spend on Forensic Technologies
6.2.2 Declining Supply of Forensic Services
6.2.3 Regulatory Constraints
6.3 Opportunities
6.4 Key Challenges
7. Market Segmentation
7.1 By Method
7.1.1 Forensic DNA Mitochondrial DNA profiling Polymerase chain reaction Y-STR Typing Others
7.1.2 Finger Print Analysis
7.1.3 Chemical Analysis
7.1.4 Autopsy
7.1.5 Toxicology
7.1.6 Pathology
7.1.7 Others
7.2 By Application
7.2.1 Pharmacogenetics
7.2.2 Biodefense & Biosurveillance
7.2.3 Judicial/Law Enforcement
7.2.4 Others
7.3 By Geography
7.3.1 North America United States Canada Mexico
7.3.2 Europe France Germany United Kingdom Italy Spain Rest of Europe
7.3.3 Asia-Pacific China Japan India Australia & New Zealand South Korea Rest of Asia-Pacific
7.3.4 Middle East & Africa GCC South Africa Rest of the Middle East & Africa
7.3.5 South America Brazil Argentina Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Agilent Technologies
9.2 Belkasoft
9.3 Bode Cellmark Forensics
9.4 Eurofins Medigenomix Gmbh
9.5 GE Healthcare Life Sciences
9.6 LGC Forensics
9.7 NMS Labs Inc.
9.8 Pyramidal Technologies Ltd
9.9 SPEX Forensics
* List Not Exhaustive
10. Future of the Market

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