Forensic Medicine Market trends, share, growth and forecast

Forensic Medicine Market

In 2018 to 2023 the forecast period, the global forensic medicine market is expected to register a CAGR of 12%. Forensic medicine is an important part of criminal investigations and is used to analyze, identify and evaluate physical evidence from a crime scene. The forensic medicine department was a section within the pathology department. Forensic medicine deals with the application of scientific medical knowledge to law administration, the advancement of justice, and medical practitioners legal relationships, forensic medicine addresses the physiology of dying, the cause and time of death, and the phenomena of post-death.

Rise in Global Crime Rate

Crime rates are rising worldwide, particularly in the North American region. The U.S. and Canada also have the world’s largest general crime rates. According to a year-end report, the 30 largest US cities experienced a double-digit increase in their murder rate in 2016. A recent study by the Brennan Center for Justice at New York University projects that the murder rate for the largest US cities in 2016 increased by 14% compared to 2015, while the violent crime rate increased by 3.3%. Furthermore, in Europe, the number of homicide cases has decreased, but in the past five years, the number of rape offences has increased by 37%. In addition, the crime rate in the region of Latin America is quite high, with the major part being violent crime. Increasing crime rate is the main issue and the crime conviction rate must increase in order to tackle this issue, which will increase demand for techniques involving the collection and analysis of medical evidence, to produce objective information for use in the legal system, i.e. forensic medicine.

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Moreover, crime sophistication and latent demand for forensic technologies are also expected to complement this markets growth.

Government Reduction Spending on Forensic Technologies

Most criminals are not brilliant, but even their rudimentary attempts to cover their tracks can render the work of an investigator extremely hard. However, new technology is expected to help only if criminal laboratories are able to adopt the new technology within their budgets or retrain the entire staff. For example, in 2010, the government announced plans to close the Forensic Science Service FSS , a government-owned company GovCo employing around 1,600 employees, claiming it was losing about GBP 2 million a month The Commons Science and Technology Committee found that significant crimes could go unresolved, unless the government does more to promote forensic science. Reducing government spending on forensic technologies is one of the major factors that restrict the growth of the market forensic medicine.

Other factors, such as declining forensic services supply and regulatory constraints, hamper market growth.

US to lead the market

The United States dominates the forensic medicine market in the North American region due to the countrys increasing crime rate. The adoption of forensics by private firms and law enforcement agencies in multiple industries, including healthcare, has been significantly increased. The largest market share in North America is followed by Europe and Asia-Pacific.

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Key Market Developments

October 2017 — With the acquisition of LGC Forensics, Eurofins planned to strengthen its Forensic Services portfolio and footprint.

January 2018–Luxcel Biosciences was acquired by Agilent Technologies.

Major Players — NMS Labs, Inc., LGC Forensics, Pyramidal Technologies Ltd., SPEX Forensics, Eurofins Medigenomix Gmbh, GE Healthcare Life Sciences, Agilent Technologies, Belkasoft, among others.

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