Forensic Medicine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Forensic Medicine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The forensic medicine market is expected to register a CAGR of nearly 12.01%, during the forecast period.

The COVID-19 pandemic has had a significant impact on many facets of human existence, including the multidisciplinary, interdisciplinary practical activities of forensic sciences. Indeed, 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 a research study published in February 2022 and titled "The Impact of the COVID-19 Pandemic on the Practice of Forensic Medicine: An Overview," 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, in the pandemic era, the costs involved in forensic sciences were substantially increased. Thus, the market was adversely impacted by the pandemic.

The forensic medicine market will show rapid growth due to the increase in the global crime rate, the sophistication of crime, and the increasing demand for forensic technologies. However, violence in major American cities is still far greater than it was before the pandemic. Homicides and several other violent crimes have decreased marginally in the first part of this year compared to the last. The Council on Criminal Justice (CCJ), which 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% between January and June 2022. When homicides reached historic highs in several places in 2020 and 2021, the tiny decline is less satisfactory. Based on information from 23 cities, the first half of 2022's homicide statistics are still 39% higher than they were during the same period in 2019. Thus, increasing crime rate are expected to increase the adoption of fornesic medicines such as forensic DNA analysis, fingerprint analysis etc. to solve the crimes. The crime rates are on the rise, globally and this increase in the crime rates is expected to boost the overall growth of the market. Therefore, all these factors have increased the overall demand for the market studied.

Key Market TrendsFinger Print Analysis is Expected to be the Largest Growing Segment in the Forensic Medicine Market

Fingerprints are being used to identify the suspects and help in solving the crime and also remain an extremely valuable tool for law enforcement. Fingerprint identification, thus, helps in tracking a criminal’s record, and their associated previous arrests to aid in decision making. According to a research report named "Collective intelligence in fingerprint analysis" that was published in December 2021, a human examiner is relied upon to manually match a fingerprint found at a crime scene to those records maintained in a database. Several studies have recently demonstrated that these expert analysts are extremely accurate but not perfect, much like other professions that require making critical decisions with high consequences. One way to reduce errors in these safety-critical categories is to assign these crucial judgments to teams of raters who independently evaluate the same data. The system's redundancy enables it to keep working efficiently even in the event of sporadic and uncommon faults. Thus, such studies provide insight into the advantages of information sharing in fingerprinting analysis. New technology launches are another factor in market growth. For instance, a new subsurface fingerprint biometric technology launched by BitFlow in May 2021 is said to be able to recognize people from skin layers 200–400 m beneath the surface of the finger. The new technique, known as Frame Grabber, is intended to detect criminals whose fingerprints have been burned or otherwise altered such that they are no longer recognizable by conventional biometric recognition systems. Thus, the abovementioned factors are expected to increase market growth.

North America is Expected to Dominate the Market Over the Forecast Period

The North America region is expected to dominate the market. Increasing crime coupled with an increase in product launches is expected to increase market growth. In July 2022, a research study published by Council on Criminal Justice titled "Pandemic, Social Unrest, and Crime in U.S. Cities: Mid-Year 2022 Update" showed an upward trending cyclical pattern in the homicide rate over time. The rate reached its highest point in July 2020, exceeding earlier maxima during the study period, as there were widespread protests against police brutality following the death of George Floyd in May of that year. In the cities, there were 1,587 more aggravated assaults in the first half of 2022 than there were in the same period in 2021, a 4% increase on average. But by the end of 2021, robberies started to rise, and they escalated in the first half of 2022. In the research cities, there were 5,226 more robberies during the first half of 2022, a 19% average increase over the corresponding time in 2021. Thus, increasing crime is one of the key factors in market growth.

Various initiatives such as product approvals by key market players are another factor in market growth. For instance, in May 2021, forensic genealogy services (FGS) will now be offered in New York by Bode Technology (Bode), a top provider of forensic DNA services, and Gene By Gene, a pioneer in genetic testing and proprietor of the FamilyTreeDNA database. These services are now open to law police, attorneys, and innocence networks after being approved by the New York Department of Health. By combining Gene By Gene's cutting-edge SNP testing with the FamilyTreeDNA database and Bode's forensic expertise, the service offering offers a potent investigation tool. Thus, the abovementioned factors are expected to increase market growth.

Competitive Landscape

The forensic medicine market is moderately competitive. There has been a presence of a considerable number of companies that are significantly contributing to the market growth. New product launches, mergers and acquisitions, partnerships, and collaborations are the key strategies undertaken by these companies for sustainable growth. Some of the key market players are Agilent Technologies, Bode Cellmark Forensics, Eurofins Medigenomix Gmbh, GE Healthcare, and Horiba, Ltd. among others.

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