Report ID: SQMIG35D2161
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.
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Report ID: SQMIG35D2161