07-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “DNA Forensics Market By Source (Hair, Blood, Bones, and Others), By Technique (Short Tandem Repeats (STR) Analysis, Polymerase Chain Reaction (PCR), and Restriction Fragment Length Polymorphism (RFLP)), By Application (Healthcare, Biodefense, Law Enforcement, and Others), And Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2027”. According to the report, the global DNA forensics market is anticipated to be valued at approximately USD 2.1 Billion in 2020 and is projected to hit the revenue of around USD 3.7 billion by 2027, at a CAGR of around 8% between 2021 and 2027.
DNA forensic analysis is utilized in legal cases and is used for fingerprint recovery from metals. Various innovations in DNA forensic analysis include compact DNA profiling strategies used at crime scenes and remarkable accuracy in determining the age of victims. These technical breakthroughs have decreased the per-unit costs of DNA forensic analysis in practical applications, thereby increasing the cost-efficiency of forensic applications and their penetration across the globe.
Browse the full “DNA Forensics Market By Source (Hair, Blood, Bones, and Others), By Technique (Short Tandem Repeats (STR) Analysis, Polymerase Chain Reaction (PCR), and Restriction Fragment Length Polymorphism (RFLP)), By Application (Healthcare, Biodefense, Law Enforcement, and Others), And Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2027” Report at https://www.fnfresearch.com/dna-forensics-market-report
Growing cases of crimes will boost the market trends over the forecast timeline
Escalating the need for implementing DNA forensics services across the globe as a result of rising in terrorist activities is predicted to accelerate the growth of the DNA forensic industry over the forecast timespan. For instance, many developed & emerging economies are facing security threats and this has forced the respective governments to concentrate on shielding the countries as well as invigilating against acts of terrorism. Apart from this, DNA forensics assists the authorities to detect criminals and help in recognizing the victims of dreadful terrorist attacks.
In addition to this, escalating security concerns at both the international as well as national airports along with the growing rate of crimes like sexual assaults, terrorist intrusions, bomb attacks, kidnapping, and homicides will proliferate the growth of the market over the period from 2019 to 2027.
Apparently, the preference of using new equipment & systems for forensics due to technological breakthroughs in information technology will steer the scope of the business over the forecast period. In addition to this, the massive utilization of digital forensics by police officers & law enforcement agencies to recognize crimes will spur the market expansion over the forecast timeline. Nonetheless, high prices of forensic devices & a dearth of experts in the DNA forensic domain or vertical will inhibit the DNA forensics market growth over the period of 2019 to 2027.
STR testing to dominate the forensic DNA testing types segment by 2027
The STR testing segment is predicted to garner revenue of nearly USD 3.7 billion by 2027. Short tandem repeats or STRs are easier to examine than those with variable number tandem repeats. Moreover, the number of repeats at loci varies from one person to another and enables recognizing unique profiles in a systematic or ascending/ descending manner. This is likely to drive the growth of the segment over the forecast timeline.
Law enforcement segment to dominate the application landscape in terms of value
The law enforcement segment is predicted to accrue proceeds worth nearly USD 3.7 billion by 2027. The growth of the segment is credited to constant efforts made by the government to generate a DNA database. Apart from this, the DNA identification act 1994 enacted by the U.S. administration assisted the FBI to create a national DNA database for resolving pending criminal suits. This, in turn, has led to the massive acceptance of DNA forensics in law enforcement agencies across the U.S., thereby further promoting segmental growth.
North America to dominate the overall regional market revenue share
The regional market growth is credited to the rise in the acceptance of DNA forensics by private firms as well as legal enforcement agencies. Moreover, the use of DNA forensics has now become prominent even in the healthcare sector in the region. The U.S. is slated to be the key regional revenue contributor over the forecast timeline.
Key Market Players
Some of the key players participating in the global DNA Forensics market include Agilent Technologies, Inc., EasyDNA, F. Hoffmann-La Roche Ltd, GE Healthcare, Illumina, Inc., LGC Limited, Thermo Fischer Scientific, Inc., QIAGEN, Promega Corporation, and others.
This report segments the DNA forensics market as follows:
Global DNA Forensics Market: By Source Segment Analysis
Global DNA Forensics Market: By Technique Segment Analysis
- Short Tandem Repeats (STR) Analysis
- Polymerase Chain Reaction (PCR)
- Restriction Fragment Length Polymorphism (RFLP)
Global DNA Forensics Market: By Application Segment Analysis
- Law Enforcement
Global DNA Forensics Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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