Increasing number of criminal investigations, development of the sequencing technologies, and rising government initiatives towards forensic research supplements are some key factors expected to drive market growth
According to Emergen Research, the global molecular forensics market size was USD 1,097.7 Million in 2019 and is expected to reach USD 2,223.7 Million in 2027 and register a revenue CAGR of 9.8% during the forecast period, 2020-2027.
Market Dynamics:
Forensic science includes the use of scientific methods to criminal investigations that can be presented in a court. Molecular forensics is an application of molecular analysis in forensic research activities. The analysis of DNA molecular sequences has become an important tool in forensic investigations for easy identification of humans from biological samples. DNA profiles can be used by forensic scientists to identify criminals and determine parentage. DNA profiles are similar to genetic fingerprints. Every person has a unique DNA profile, which makes it extremely useful for identifying criminals. Rising crime rates, increasing government initiatives to support forensic research supplements and adoption of advanced hybridization technologies has been boosting demand for the application of molecular forensics and is expected to contribute to market revenue growth over the forecast period.
Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/291
Recent advances in molecular genetics have led to the development of other biomarkers for the identification of forensic bodily fluids, including microRNA (miRNA), messenger RNA (mRNA), and DNA methylation. This factor is expected to boost market revenue growth during the forecast period. However, complexity of the techniques, high cost of d-PCR instruments and lack of accuracy of the results are factors that can restrain market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Polymerase Chain Reaction (PCR) Segment Revenue to Expand at a Rapid CAGR:
Polymerase Chain Reaction (PCR) segment is expected to register a rapid revenue CAGR over the forecast period attributed to increasing use of robotics for lab automation, rising private and government investments in gene-based research activities due to growing incidence of infectious disease and increasing number of forensic, CROs, and research laboratories globally. PCR segment includes Real-time PCR (q-PCR) and Digital PCR (d-PCR) that offers numerous benefits such as automation of workflow, real-time process monitoring, and greater reproducibility and precision.
Forensic Databasing Segment to Register Significant Revenue Growth:
Forensic databasing segment is expected to register significant revenue growth over the forecast period owing to increasing crime rates worldwide. Forensic databases acts as a primary source of electronic evidence to fight crime more efficiently and information can be shared easily and can be used for genetic studies. Countries globally operate forensic DNA databases to identify owners of crime-related stains. The centralized and automated storage of DNA profiles in a database facilitates automated matching and systematic comparison of individual profiles and crime scene samples.
Asia Pacific to Account for Largest Revenue Share:
Asia Pacific is expected to account for largest revenue share in the global market over the forecast period due to increasing government investment in the R&D activities in the proteomics and genomics applications, and rising technological advancements in the PCR-based research. Further, increasing number of molecular forensics tests due to rising crime rates and crime investigation procedures is another major factor expected to contribute to market growth in the region.
Check Our Prices@ https://www.emergenresearch.com/select-license/291
Major Companies in the Market Include:
- Analytik Jena AG
- BioChain Institute Inc.
- Eurofins Scientific SE
- Agilent Technologies, Inc.
- AS ONE International, Inc.
- Bio-Rad Laboratories, Inc.
- General Electric Company
- Eurofins Scientific SE
- Merck KGaA
- Illumina, Inc.
For the purpose of this report, Emergen Research has segmented the global molecular forensics market on the basis of product, technology, application, end-user, and region:
Product Outlook (Revenue, USD Million; 2017-2027)
- Instruments
- Kits and Consumables
- Software and other products
Technology Channel Outlook (Revenue, USD Million; 2017-2027)
- Polymerase Chain Reaction (PCR)
-
- Real-time PCR (q-PCR)
- Digital PCR (d-PCR)
- Capillary Electrophoresis
- NGS
-
- SNP and STR Sequencing
- mtDNA Sequencing
- Mass Spectrometry
-
- MS
- Tandem MS
- MS-FTIR
- Other Technologies
Application Outlook (Revenue, USD Million; 2017-2027)
- Radioactive Toxicology
- Nucleic Acid Analysis
- Forensic Databasing
- Microbial Forensics
- Other Applications
End-User Outlook (Revenue, USD Million; 2017-2027)
- Law Enforcement
- Disaster Management
- Hospitals and Healthcare Providers
- Other End Users
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/molecular-forensics-market
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- France
- K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Turkey
- Rest of MEA
Take a Look at our Related Reports:
Culture Media Market, By Type, By Research Type, By Application, By End-use, and By Region Forecast to 2028
Fc Fusion Protein Market By Type (Biosimilar Drugs, Brands Drugs), By Therapeutic Area (Eye Diseases, Hemophilia, Autoimmune Disease, Diabetes, Others), By Application (In Vitro, In Vivo), By End-Use (Hospitals, Ophthalmic Hospitals, Oculoplastic Clinics), and By Region Forecast to 2028
Phospholipids Market By Type (Phosphatidic Acid, Phosphatidylglycerol, Phosphatidylethanolamine, and Others), By Product Type (Liquid, Powder, Particles), By Source (Natural, Synthetic), By Function, By Application, and By Region Forecast to 2028
Gel Documentation System Market By Product Type (Instruments, Software, Accessories), By Light Source (Light-Emitting Diodes, UV, Laser), By Detection Technique (UV Detectors, Fluorescence, Chemiluminescence), By Application (Nucleic Acid Quantification, Protein Quantification, Other Applications), By End-Use (Academic & Research Institutes, Pharma & Biotech Companies, Diagnostic Laboratories), and By Region Forecast to 2028
RFID in Healthcare Market By Product (Tags, Systems & Software) and By Application (Asset Tracking, Patient Tracking, Pharmaceutical Tracking, Blood Tracking, Others), Forecasts to 2027
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkedIn | Twitter | Blogs
Read Full Press Release: https://www.emergenresearch.com/industry-report/molecular-forensics-market
