DNA Forensics Market Insights: Industry to Accrete with A Whopping CAGR By 2030
The DNA forensics market is witnessing significant advancements in genetic analysis techniques, enhancing its role in solving criminal cases and ensuring justice is served. Molecular forensics, also known as DNA forensics, involves the application of molecular biology techniques to analyze DNA samples obtained from crime scenes or individuals. These techniques enable forensic scientists to identify individuals, establish relationships, and provide critical evidence in criminal investigations. With the evolution of genetic forensics technologies such as Next Generation Sequencing (NGS) and Polymerase Chain Reaction (PCR) amplification, the accuracy and efficiency of DNA analysis have improved, leading to higher success rates in solving crimes. Furthermore, the integration of software and services in DNA forensics facilitates data analysis and interpretation, enhancing the overall investigative process and contributing to the growth of the DNA forensics market.
The DNA forensics market size is projected to reach USD 4.04 billion by 2030 at 10.8% CAGR during the forecast period 2022 – 2030.
Market Drivers and Restraints:
- The introduction of a new type of prenatal genetic test, which outweighs the risk of miscarriage, is enabling pregnant women to benefit from genetic testing.
- The increasing global use of Non-Invasive Prenatal Testing (NIPT) is driving growth in the sector.
- The development of Next Generation Sequencing (NGS) technology is accelerating the global market for genetic tests.
- Changes in standards and laws governing the use of DNA technology and databases in forensics, driven by rising crime rates and unresolved cases worldwide, are overcoming past constraints.
- Legislation facilitating the creation and application of DNA databases is crucial for their successful implementation.
Market Segmentation:
- By Product:
- Analyzers and sequencers
- Software & services
- Consumables
- By Source:
- Hair
- Blood
- Bones
- Others
- By Technique:
- Capillary electrophoresis
- PCR amplification
- Next-generation sequencing
- By Application:
- Criminal casework
- Missing person identification
- Others
Regional Insights:
- The Asia Pacific market is expected to achieve the highest Compound Annual Growth Rate (CAGR) over the review period due to increasing public awareness of advanced technologies and government initiatives aimed at resolving open cases.
- Companies are focusing on enhancing their DNA forensic technology businesses to meet the escalating demand for sophisticated forensic technology in the Asia Pacific region.
Molecular forensics plays a crucial role in modern healthcare by aiding in the identification of individuals and the resolution of criminal cases through DNA analysis. The DNA forensics market encompasses a range of products and services, including analyzers and sequencers, software, and consumables used in DNA analysis. These tools enable forensic laboratories to perform various techniques such as capillary electrophoresis and next-generation sequencing, contributing to the field of genetic forensics. By applying molecular forensics techniques, healthcare professionals and law enforcement agencies can accurately identify suspects, exonerate the innocent, and provide closure to families of missing persons. With advancements in DNA technology and increasing demand for forensic services globally, the DNA forensics market is poised for continuous growth, driving advancements in healthcare and criminal justice systems alike.
Market Competitive Landscape:
The DNA forensics companies are Genetics Technology (Australia), Promega Corporation (US), Hamilton Company, QIAGEN NV (Netherlands), Illumina Inc. (US), Oxygen Forensics Inc. (Virginia), Mawi DNA Technologies LLC, Thermo Fisher Scientific (US), LGC Ltd (UK), Agilent Technologies (US), and more.
The DNA forensics market report is intensely fragmented because of the existence of a substantial number of developed as well as medium- to small-sized businesses. Many industry participants are privately owned or are part of private equity firms' portfolios. Important companies are increasingly employing mergers and acquisitions as major strategies to broaden their geographic reach, introduce new goods, work strategically together, and create alliances in emerging and economically favorable locations.
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