$3.4bn
$XXX.Xm
24,838
319
$X.Xbn
Demand for forensic technology service providers depends on investment from state, county, municipal and the federal government. Since government agencies are essentially the primary market for services, many forensic crime labs rely heavily on tax revenue and robust crime budgets for agencies to outsource work to them. Public spending surged during the pandemic as the federal government sought to prevent the US economy from falling into a massive recession, raising revenue in 2020 and 2021. As these expenditures lapsed as COVID-19 ended, funds for forensic technology labs slowed, causing revenue to lag in 2022 and 2023.
Industry revenue has grown at a CAGR of 2.4 % over the past five years, to reach an estimated $3.4bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
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There are no companies that hold a large enough market share in the Forensic Technology Services in the US industry for IBISWorld to include in this product.
Forensic Technology Services in the US
Industry revenue is measured across several distinct product and services lines, including Forensic biology, Controlled substances and Toxicology. Forensic biology is the largest segment of the Forensic Technology Services in the US.
Controlled substances are the largest product segment
Companies in this industry provide database forensics and testing services, such as biometrics, fingerprinting and DNA testing. Other testing services include forensic biology, forensic toxicology immunoassay (drug testing), testing for controlled substances and ballistics testing using analytical instruments.
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NAICS 54138 - Forensic Technology Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Technological advances have contributed to higher revenue for forensic technology service companies. Elevated government spending also helped the industry during many years o...
Learn about an industry's products and services, markets and trends in international trade.
Controlled substances analysis comprises the largest product segment for providers. Controlled substances analysis involves identifying drugs and other substances, the posses...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Companies typically concentrate in highly populated regions. Government agencies fund most forensic laboratories and their location decisions are largely fixed.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The primary form of competition is location and service quality. Operators with an ASCLD/LAB accreditation typically encounter greater service demand than labs without the ac...
Learn about the performance of the top companies in the industry.
The top four companies account for a tiny portion of revenue. Forensic labs typically service local markets, which limits expansion and revenue share growth.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The American Society of Crime Laboratory Directors/Laboratory Accreditation Board (ASCLD/LAB) regulates the industry. Most states demand ASCLD/LAB certification and providers...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Advancements in technology have reduced the proportion of revenue allocated to wages. Nonetheless, compensation remains the largest expense for the average provider, indicati...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Forensic Technology Services in the US industry in United States is $3.4bn in 2024.
There are 319 businesses in the Forensic Technology Services in the US industry in United States, which has grown at a CAGR of 3.3 % between 2019 and 2024.
The market size of the Forensic Technology Services in the US industry in United States has been growing at a CAGR of 2.4 % between 2019 and 2024.
Over the next five years, the Forensic Technology Services in the US industry in United States is expected to decline.
Controlled substance testing and Crime scene services are part of the Forensic Technology Services in the US industry.
The level of competition is moderate and increasing in the Forensic Technology Services in the US industry in United States.