DNA Forensics Market Overview, Geography Trends, and Investment Feasibility Analysis till 2030
DNA Forensics Market Highlights
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.
The DNA forensics market has emerged as a pivotal
player in the field of criminal justice, healthcare, and ancestry research. It
represents a cutting-edge application of genetics and biotechnology to unravel
mysteries, identify individuals, and provide critical insights into human
biology. DNA forensics, also known as forensic DNA analysis, involves the use
of DNA profiling techniques to examine genetic material collected from various
sources, such as crime scenes, human remains, and biological samples.
This market's growth has been driven by a confluence
of factors, including advances in DNA sequencing technologies, increased
awareness of the potential of DNA evidence, and rising demand for accurate and
reliable identification solutions. Law enforcement agencies worldwide heavily
rely on DNA forensics to solve cold cases, exonerate innocent individuals, and
bring perpetrators to justice. Similarly, the healthcare sector has leveraged
DNA forensics for personalized medicine, disease diagnosis, and pharmacogenomics.
Furthermore, the popularity of direct-to-consumer
genetic testing services has surged, enabling individuals to explore their
ancestry and heritage. As a result, the DNA forensics market encompasses both
public and private sectors, providing a wide range of services, from paternity
testing and ancestry analysis to forensic casework and genetic genealogy
research.
Market Drivers and Restraints
Receiving a new type of prenatal genetic test that outweighs
the risk of miscarriage allows pregnant women to benefit from genetic testing.
The exponentially increasing use of NIPT on a global scale is another factor
driving the sector's growth. The development of Next Generation Sequencing
(NGS), a rapidly evolving technology that permits the sequencing of a whole
genome or a portion of a genome and the quick extraction of genetic data from
biological materials, will also hasten the global market for genetic tests in
the coming years.
In the past, the use of DNA databases has been constrained by
a lack of government support. However, because of the rising crime rate and the
number of unresolved cases around the world, the standards and laws governing
the use of DNA technology and DNA databases in forensics are changing. Another
crucial element for a successful DNA database is the legislation governing its
creation and permitting applications in the field.
To minimize the likelihood of inaccurate interpretations,
forensic laboratories rely on trained technicians and medical specialists for a
variety of analyses. To obtain information, the forensic team looks over
samples and the outcomes of subsequent testing. To analyze the results, a
forensic scientist must be exact, highly analytical, and informed at the expert
level. However, a lack of trained medical personnel frequently exists in
developing countries, which limits the market's expansion.
The market is segmented into North America,
Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA).
North America dominates the market due to rising security concerns at national
and international borders & ports, and terrorist attacks. Additionally, the
increasing prevalence of cardiovascular diseases and respiratory disorders in
the region is also driving market growth. In Europe, the market is expected to
grow due to increased government funding for research activities in forensic
science. In Asia Pacific, the market is expected to grow due to increasing
awareness about forensic science among people. In Latin America, the CPET
market is expected to grow due to increasing government initiatives for
forensic science research activities. In MEA, the market is expected to grow
due to increasing awareness about forensic science among people.
Market Segmentation
The global DNA
forensics market outlook has segmented into product types, source, technique,
and application.
By Product
With respect to product, the market has been
considered for analyzers and sequencers, software & services, and
consumables. The analyzer and sequencer segment obtained the highest CAGR in
2021 due to the rapid advancement of advanced technologies and the rising need
for better results.
By Source
The sources listed in the report include hair,
blood, bones, and others. Blood is expected to have the highest CAGR in the
next years due to the variety of uses it has in criminal cases, including
sexual assault and murder.
By Technique
Depending on technique, the market can be
split into capillary electrophoresis, PCR amplification, and next-generation
sequencing. The next-generation sequencing segment anticipates leading the
market thanks to its broad variety of applications and capacity to concentrate
on STR analysis, PCR, and restriction fragment length polymerase.
By Application
The market has been divided into categories
like criminal casework, missing person identification, and more, in terms of
application. Due to rising crime rates and cutting-edge technology, the
criminal casework segment will continue to dominate market growth in 2021.
Regional Insights
Considering the rising public knowledge of
cutting-edge technologies coupled with government initiatives aimed at
resolving open cases, the Asia Pacific market can anticipate attaining the
highest CAGR over the review period. Various companies are also concentrating
on improving their DNA forensic technology businesses to meet the region's
escalating demand for sophisticated forensic technology.
Market Competitive Landscape:
The DNA forensics market players 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 is intensely fragmented as a result 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.
October 2022
Oxford Nanopore
Technologies has introduced the PromethION 2 Solo sequencer, the most
frequently used high-yield sequencing equipment in the world. The availability
of accurate, rapid, and affordable sequencing for human genetics and other
sizable datasets could be considerably increased by this equipment.
The P2 Solo is the only
compact, high-yield sequencer on the market. Anyone will be able to go beyond
straightforward DNA analysis in order to progress scientific research and
improve people's lives by combining more detailed genetic variant analysis with
transcriptome and epigenetic investigations on a single platform.
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