Market Size of Forensic Medicine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.01 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Forensic Medicine Market Analysis
The forensic medicine market is expected to register a CAGR of 12.01% over the forecast period.
The COVID-19 pandemic had a significant impact on many facets of human existence, including the multidisciplinary, interdisciplinary practical activities of forensic sciences. The various operations, such as crime scene investigation (CSI), autopsies, external exams, and genetic and toxicological analyses of tissues and/or bodily fluids, are quite distinct. According to the NCBI research study published in February 2022, forensic professionals were required to quickly adapt their activities to adequately address the changes imposed by the pandemic. At the same time, forensic experts may come into touch with subjects directly in real life, such as when working with abuse victims (in some cases involving minors), obtaining biological samples from suspects, or physically inspecting subjects. In this circumstance, forensic specialists need to put precautions in place to decrease the danger of SARS-CoV-2 infection, including wearing the proper PPE and working in settings with low infection risks. Consequently, during the pandemic, the costs involved in forensic sciences were substantially increased. Thus, the market was adversely impacted by the pandemic. However, with the decreasing number of COVID-19 cases and the resumption of healthcare services, the market started to gain momentum and is expected to maintain an upward trend over the forecast period.
The forensic medicine market will likely show rapid growth due to the increasing global crime rate, the sophistication of crime, and the increasing demand for forensic technologies. However, homicides and several other violent crimes have decreased marginally in the first half of this year compared to the last. The Council on Criminal Justice (CCJ) released its mid-year 2022 crime report on Thursday and examined crime data from 29 cities. When compared to the same six-month period in 2021, homicides fell by 2.0% between January and June 2022. As homicides reached historic highs in several places in 2020 and 2021, the tiny decline is less satisfactory. Based on information from 23 cities, homicide statistics in the first half of 2022 were still 39.0% higher than they were during the same period. Thus, increasing crime rates are expected to increase the adoption of forensic medicines, such as forensic DNA analysis, fingerprint analysis, etc., to solve crimes.
However, the declining supply of forensic services and regulatory constraints may hinder the market's growth over the forecast period.
