Market Overview
From 2022 to 2030, the DNA forensics market would expand at a rate of 10.8% and can touch USD 4.04 billion, reveals Market Research Future (MRFR).
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. In order 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.
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Market Segmentation
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
In light of 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 in order to meet the region's escalating demand for sophisticated forensic technology.
Market Competitive Landscape:
The affluent vendors in the DNA forensics industry 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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