The new report by Expert Market Research titled, ‘Global Short Tandem Repeats (STR) Testing Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global short tandem repeats (STR) market, assessing the market based on its segments like kits, end users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 7.1%
The market for short tandem repeats (STR) testing is being aided by the rising demand for multiplex short tandem repeats (STR) testing for applications like forensic analysis, relationship testing, and research use, among others. As short tandem repeats (STR) testing is compatible with direct amplification and complies with various regulations, they are increasingly preferred, hence driving the growth of the market. The increasing focus to maximise information recovery while boosting the efficiency of forensic applications is surging the use of direct amplification, thereby significantly contributing to the market growth. In addition, the increasing development of innovative short tandem repeats (STR) testing that can simplify short tandem repeats (STR) profile generation to boost the accuracy of results is expected to provide impetus to the growth of the industry.
Industry Definition and Major Segments
Short tandem repeats (STR) testing refers to a method that is used to determine the origin of cells and tissues. It deploys multiple short repeats of short sequences of DNA building blocks. It is typically used for the analysis of DNA for minute samples rapidly, which makes them ideal for paternity tests and criminological applications.
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The major, based on kits, is divided into:
- Y- Short Tandem Repeats Test Kits
- Short Tandem Repeats Test Kits
- Mini- Short Tandem Repeats Test Kits
Based on end users, the market is classified into:
- Forensic Laboratories
- Research Institutions
- Others
The regional markets of short tandem repeats (STR) testing are:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The growth of the short tandem repeats (STR) testing is being driven by the integration of new technologies in such testing to boost time-efficiency of DNA amplification and evaluation. The increasing development of short tandem repeats (STR) profiles with genetic markets to boost result accuracy is significantly contributing to the market growth. Moreover, the increasing research and development (R&D) activities to deploy short tandem repeats (STR) testing to examine the development and progression of cancer is expected to drive the growth of the market. As short tandem repeats (STR) testing is increasingly deployed to detect sample contamination and monitor genetic change, its demand is surging. This, in turn, is predicted to propel the market growth in upcoming years.
Key Market Players
The major players in the market are Thermo Fisher Scientific, Promega Corporation, AB Sciex, Independent Forensics, General Electric, and DNA Labs International Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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