USD 2.5 billion
Report ID:
SQMIG35D2161 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
64
|Figures:
75
Global DNA Forensics Market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.68 billion in 2023 to USD 4.6 billion by 2031, at a CAGR of 7% during the forecast period (2024-2031).
The global DNA forensics market is experiencing significant growth due to advancements in genetic analysis technologies, increased adoption in law enforcement and paternity testing, and rising awareness of its accuracy.
This market encompasses DNA profiling, sequencing, and databasing services, aiding criminal investigations and identification of human remains.
The expansion of biotechnology and government initiatives to strengthen forensic capabilities further drives market expansion.
DNA phenotyping involves predicting a person's physical characteristics, such as eye color, hair color, and facial features, based on their DNA.
Ancestry prediction uses genetic markers to estimate an individual's geographical ancestry.
These applications were gaining traction in law enforcement and forensics, helping to generate leads in cases where traditional methods had failed. However, ethical and legal questions were arising regarding the use of this technology, as well as concerns about potential inaccuracies and biases.
However, concerns related to privacy, ethical considerations, and data storage challenges present potential hurdles.
Overall, the DNA forensics market is poised to continue its upward trajectory, fueled by technological innovation and expanding applications.
US DNA Forensics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.5 billion
Largest Segment
healthcare
Fastest Growth
healthcare
Growth Rate
7% CAGR
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The global DNA forensics market is segmented based on technology, application, and region. In terms of technology, it includes PCR, capillary electrophoresis, NGS, and microarrays. Applications encompass law enforcement, healthcare, and ancestry research. Geographically, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world.
DNA Forensics Market Analysis By Application
The law enforcement segment has historically been one of the largest applications of DNA forensics due to its critical role in solving criminal cases. The ability to match DNA evidence from crime scenes to known individuals in databases has been a major driver for this segment.
Ancestry and genealogy have been one of the fastest-growing segments in the DNA forensics market. The growing interest in personal genetic heritage and ancestry has led to a surge in demand for direct-to-consumer DNA testing kits.
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North America, particularly the United States, has traditionally been a significant player in the DNA forensics market. The U.S. has a well-established forensic DNA analysis infrastructure and a history of using DNA evidence in solving crimes. The region is also home to several major companies and research institutions involved in DNA forensics technology development. European countries have been adopting DNA forensics technologies for crime investigation and other applications. Countries like the United Kingdom, Germany, and France have been actively investing in and advancing their forensic DNA capabilities.
The Asia-Pacific region has shown substantial potential for growth in the DNA forensics market due to increasing awareness, economic development, and rising cases of criminal activities. Countries like China and India have been investing in improving their forensic capabilities.
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DNA Forensics Market Drivers
Technological Advancements
Rising Applications
DNA Forensics Market Restraints
Ethical and Privacy Concerns
Costs and Accessibility
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The global DNA forensics market features intense competition among key players. Industry leaders such as Thermo Fisher Scientific, Promega Corporation, and QIAGEN dominate with their comprehensive product portfolios spanning DNA extraction kits, amplification systems, and analysis software. Emerging contenders like Bode Technology and DNA Diagnostics Center are challenging the status quo with innovative technologies. Collaborations with law enforcement agencies and research institutions, along with continuous R&D efforts, characterize the competitive landscape. Market growth is driven by increasing criminal investigations, adoption of DNA databases, and expanding applications in identifying missing persons and solving cold cases.
DNA Forensics Market Top Player’s Company Profiles
DNA Forensics Market Recent Developments
In September 2023, a team of researchers from Penn State has been awarded $770,000 from the National Institute of Justice (US) to sequence the mitochondrial genomes of 10,000 Americans, more than tripling the size of the existing database and providing a crucial point of reference for use in human identification cases.
In June 2023, the team of STACS DNA, that created ground-breaking forensic software STRmix launched a new version of DBLR™, its investigative application for rapidly calculating likelihood ratios (LRs) in DNA evidence.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global DNA forensics market is poised for promising growth, driven by advancements in genetic analysis technologies, increasing applications in crime investigations, and expanding adoption in identifying human remains and solving cold cases. Additionally, rising demand for personalized medicine and ancestry tracing fuels market expansion. Ethical considerations, data privacy, and regulatory frameworks will influence its trajectory. As collaborations between biotechnology firms, law enforcement agencies, and research institutions intensify, the DNA forensics market is anticipated to experience sustained expansion, with a potential to revolutionize criminal justice and healthcare systems worldwide.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.5 billion |
Market size value in 2031 | USD 4.6 billion |
Growth Rate | 7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the DNA Forensics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the DNA Forensics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the DNA Forensics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the DNA Forensics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2161
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