China Forensics Technology Market Size, Share, and COVID-19 Impact Analysis, By Type (Services and Products), and China Forensics Technology Market Insights, Industry Trend, Forecasts to 2033
Industry: HealthcareChina Forensics Technology Market Insights Forecasts to 2033
- The China Forensics Technology Market Size was valued at USD 315.6 Million in 2023.
- The Market Size is Growing at a CAGR of 11.37% from 2023 to 2033
- The China Forensics Technology Market Size is Expected to Reach USD 926.5 Million by 2033
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The China Forensics Technology Market Size is Anticipated to Reach USD 926.5 Million by 2033, Growing at a CAGR of 11.37% from 2023 to 2033.
Market Overview
China forensic technology market focuses on the development and application of advanced technologies, such as DNA analysis, digital forensics, biometric identification, and toxicology, to support criminal investigations and judicial systems. The market has grown significantly due to government initiatives like the 973 and 863 Programs, which fund research in forensic science, and national standardization efforts led by the Ministry of Public Security. These initiatives aim to improve the accuracy and efficiency of forensic practices, enhancing law enforcement capabilities. Benefits include improved public safety, faster and more reliable criminal investigations, economic growth through innovation in high-tech sectors, and strengthened international collaboration on transnational crime. As a result, China is positioning itself as a leader in forensic technologies, boosting both public security and technological advancement.
Report Coverage
This research report categorizes the China forensic technology market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the China forensic technology market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the China forensic technology market.
China Forensics Technology Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 315.6 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 11.37% |
2033 Value Projection: | USD 926.5 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 125 |
Segments covered: | By Type and COVID-19 Impact Analysis |
Companies covered:: | Ultra-Electronics Forensic Technology Inc. (Subsidiary of Ultra Electronics Holdings plc.), Eurofins Medigenomix Forensik GmbH (Forensic Division of Eurofins Scientific S.E.), Morphotrust USA (Safran S.A.), Agilent Technologies Inc., 3M COMPANY, LGC Limited, NMS Labs, Thermo Fisher Scientific Inc., Belkasoft, GE Healthcare (A healthcare division of GE company), and Others Key Vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis. |
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Driving Factors
The growing need for enhanced public safety, combined with advancements in artificial intelligence, data analytics, and automation, is also driving the demand for more sophisticated forensic tools. Furthermore, China’s expanding legal and judicial systems require more reliable and faster forensic solutions to ensure justice and streamline legal processes. These factors, alongside international collaborations and the increasing use of technology in law enforcement, are fueling the growth of the forensic technology market in China.
Restraining Factors
The rapid pace of technological change can result in the obsolescence of tools, creating a need for constant updates and additional investments, which could strain budgets.
Market Segmentation
The China forensic technology market share is classified by type.
- The services segment accounted for a significant revenue share in 2023 and is expected to grow at a remarkable CAGR during the forecast period.
The China forensic technology market is segmented by type into services and products. Among these, the services segment accounted for a significant revenue share in 2023 and is expected to grow at a remarkable CAGR during the forecast period. The increasing demand for specialized forensic services, such as DNA analysis, digital forensics, and cybercrime investigations, is a key driver for this growth. These services are crucial for law enforcement agencies and judicial systems to solve complex criminal cases efficiently.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the China forensic technology market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Ultra-Electronics Forensic Technology Inc. (Subsidiary of Ultra Electronics Holdings plc.)
- Eurofins Medigenomix Forensik GmbH (Forensic Division of Eurofins Scientific S.E.)
- Morphotrust USA (Safran S.A.)
- Agilent Technologies Inc.
- 3M COMPANY
- LGC Limited
- NMS Labs
- Thermo Fisher Scientific Inc.
- Belkasoft
- GE Healthcare (A healthcare division of GE company)
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at China, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the China forensic technology market based on the below-mentioned segments:
China Forensics Technology Market, By Type
- Services
- Products
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