Forensic Technologies: New and Growing Markets

June 28, 2011

Wellesley, Mass. – In a recent release, FORENSIC TECHNOLOGIES: NEW AND GROWING MARKETS (SAS003D) from BCC Research (www.bccresearch.com), the U.S. market value for forensic products and services is estimated to be $11 billion in 2011. That value should reach $17.2 billion in 2016 as it increases at a five-year compound annual growth rate (CAGR) of 9.4%.

The U.S. forensic products and services market can be broken down into four segments – each made up of DNA testing; fingerprinting/biometrics; analytical instruments and supplies, drug identification kits, toxicology immunoassay testing products, and forensic biology; and other (computer forensics, forensic databases, and forensic consulting).

The DNA testing segment is estimated to be worth $1.3 billion in 2011, and in 2016 should be worth $2.3 billion after increasing at a CAGR of 11.6%.

The fingerprinting/biometrics segment, estimated to be worth $988 million in 2011, should rise in 2016 to nearly $1.6 billion at a CAGR 9.8%.

The smallest segment is estimated to be worth $177 million in 2011 and in 2016 is expected to be worth $260 million, a CAGR of 8%.

The segment made up of other products and services is estimated to be worth $8.5 billion in 2011, and in 2016 should be worth nearly $13.1 billion, a CAGR of 9.4%.

Currently, forensics is a dynamic sector in the modern economy. Between social demand and technological advances, forensic techniques are making leaps and bounds. Costs have dropped and decision-makers are promoting forensics to a receptive public.

This report will be valuable to anyone involved with or interested in forensics, but in particular researchers, laboratory and government personnel working in research or company settings, business professionals involved with analytical instrumentation, drug and toxicology analysts, and investors or those interested in acquiring a business-oriented view of the forensic science industry.

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Forensic Technologies: New and Growing Markets( SAS003D )
Publish Date: May 2011    

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