Latin America Forensic Technology Market Size & Outlook
The forensic technology market in Latin America is expected to reach a projected revenue of US$ 607.3 million by 2030. A compound annual growth rate of 10.4% is expected of Latin America forensic technology market from 2024 to 2030.
- Biotechnology
- Genomics & Genetic Engineering
- Forensic Technology Market Outlook
- Genomics & Genetic Engineering
Revenue, 2023 (US$M)
$304.8
Forecast, 2030 (US$M)
$607.3
CAGR, 2024 - 2030
10.4%
Report Coverage
Latin America
Latin America Forensic Technology Market, 2018-2030 (US$M)
Global Market
Related Markets
Prism AI by Grand View ResearchFree to try
Ask a question about the forensic technology market
Every figure cited from GVR research
Latin America forensic technology market highlights
- The Latin America forensic technology market generated a revenue of USD 304.8 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, capillary electrophoresis was the largest revenue generating type in 2023.
- Next Generation Sequencing (NGS) is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 304.8 million |
| Market revenue in 2030 | USD 607.3 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Capillary electrophoresis |
| Fastest growing segment | Next Generation Sequencing (NGS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymerase Chain Reaction (PCR), Capillary Electrophoresis, Next Generation Sequencing (NGS), Rapid DNA Analysis, Automated Liquid Handling Technology, Microarrays |
| Key market players worldwide | Agilent Technologies Inc, GE HealthCare Technologies Inc Common Stock, Thermo Fisher Scientific Inc, Eurofins Scientific SE, LGC Group, Horiba Ltd, NMS Labs, Forensic Pathways Ltd, Forensic Fluids Laboratories |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.5% of the global forensic technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,270.0 million by 2030.
No credit card required*
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Forensic Technology Market Scope
Forensic Technology Market segmentation & scope
Others
Forensic Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Horiba Ltd | View profile | 8,665 | 2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8510 | www.horiba.co.jp |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Eurofins Scientific SE | View profile | 61,798 | 23 Val Fleuri, Luxembourg, Luxembourg, L-1526 | www.eurofins.com |
| LGC Group | View profile | 1001-5000 | Teddington, Gloucestershire, United Kingdom, Europe | www.lgcgroup.com/ |
| NMS Labs | View profile | 251-500 | Horsham, Pennsylvania, United States, North America | www.nmslabs.com |
| Forensic Pathways Ltd | View profile | 11-50 | Birmingham, Birmingham, United Kingdom, Europe | www.forensic-pathways.com/ |
| Forensic Fluids Laboratories | View profile | 101-250 | Kalamazoo, Michigan, United States, North America | forensicfluids.com |
Latin America Forensic Technology Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Forensic Technology Market Outlook will help companies and investors design strategic landscapes.
Capillary Electrophoresis was the largest segment with a revenue share of 37.96% in 2023.
Horizon Databook has segmented the Latin America forensic technology market based on polymerase chain reaction (pcr), capillary electrophoresis, next generation sequencing (ngs), rapid dna analysis, automated liquid handling technology, microarrays covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Forensic Technology Market Type Outlook (Revenue, USD Million , 2018-2030)
- Polymerase Chain Reaction (PCR)
- Capillary Electrophoresis
- Next Generation Sequencing (NGS)
- Rapid DNA Analysis
- Automated Liquid Handling Technology
- Microarrays
- Others
- Latin America Forensic Technology Market Services Outlook (Revenue, USD Million , 2018-2030)
- DNA Profiling
- Chemical Analysis
- Biometric Analysis
- Firearms Identification
- Others
- Latin America Forensic Technology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Pharmacogenetics
- Biodefense & Bio surveillance
- Judicial/Law Enforcement
- Others
- Latin America Forensic Technology Market Location Outlook (Revenue, USD Million , 2018-2030)
- Laboratory Forensics Technology
- Portable Forensics Technology
Reasons to subscribe to Forensic Technology Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Forensic Technology Market Outlook databook
- Our clientele includes a mix of Forensic Technology Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Forensic Technology Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Forensic Technology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Forensic Technology Market, 2018-2030 (US$M)
Latin America forensic technology market statistics, by type, 2018-2030 (US$M)
