REPORT HIGHLIGHT
Forensic genomics market size was valued at USD 460.8 Million in 2022, expanding at a CAGR of 15.1% from 2023 to 2030.
Forensic genomics includes the application of genomic technologies in the forensics field, which includes the study of DNA and other genetic material to help in the identification of human remains, criminal investigations, and paternity testing. Moreover, the market for forensic genomics was witnessing growth driven by the expansion of DNA databases, advancements in DNA sequencing technologies, and increased awareness of DNA evidence in criminal investigations.
Forensic Genomics Market- Market Dynamics:
- Technological advancement and the increasing number of criminal cases drive the market demand.
- In the forensic department technological development has gained significant importance. As the advent of high-throughput DNA sequencing tools and technologies was leading to accurate and faster DNA analysis, allowing forensic experts to gain valuable information from even small or degraded samples. Moreover, rising crime rates globally are projected to increase the demand for forensic genomics for the identification of criminal samples from various sources. In line with this, if biological evidence exists, it can be utilized to identify criminals with high accuracy, and DNA could be used to release the individuals mistakenly accused or convicted of a crime which will further boost the market growth. However, the minimal budget of the lab has resulted in the modest growth of the industry. Furthermore, by offering specialized DNA analysis services, to law enforcement forensic laboratories and agencies, the private sector was increasing its footprint in the forensic genomics market. These businesses frequently introduced innovative technologies and approaches to the field.
Forensic Genomics Market- Key Insights:
- As per the analysis shared by our research analyst, the global forensic genomics market is estimated to grow annually at a CAGR of around 15.1% over the forecast period (2023-2030)
- Forensic genomics employs cutting-edge genetic technologies to decipher DNA evidence, enabling precise identification of suspects, victims, and relationships, thus bolstering the efficacy of criminal investigations.
- The market's innovative tools and techniques breathe new life into unsolved cases by re-examining existing DNA samples, potentially uncovering crucial leads and solving mysteries that have long baffled law enforcement.
- The widespread adoption of forensic genomics equips law enforcement agencies worldwide with powerful tools to combat crime, providing an unprecedented potential to solve complex cases and promote public safety.
Forensic Genomics Market- Segmentation Analysis:
- The global forensic genomics market is segmented on the basis of product type, method, application, and region.
- The market is divided into three categories based on product type: kits & consumables, analyzers & sequencers, and software. The kits & consumables segment is accounted to dominate the largest revenue share. The segment includes reaction tubes, pipettes, brushes, needles, fingerprint powders, crime scene kits, labels, and clippers. Moreover, the rising focus of governments on clearing the bottlenecks of crime cases, investments by public & private companies in forensic sciences, a growing number of criminal investigations, and growing awareness about DNA profiling in criminology are contributing to the segment's growth.
- The market is divided into three categories based on method: next-generation sequencing, capillary electrophoresis, and PCR amplification. The capillary electrophoresis segment is likely to possess the largest revenue share. The segment is attributed as it is a fully automated sample injection, detection, and separation approach. Moreover, product launches and various advancements by market players are also contributing to the growth of this segment.
- The market is divided into two categories based on application: paternity & familial testing, criminal testing, and others. The criminal testing segment is likely to maintain its dominance in the market due to the rising criminal cases across the globe. To identify people based on their distinctive genetic makeup advanced techniques like DNA profiling can be used. Additionally, the method can be useful to solve crimes accurately.
Forensic Genomics Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Forensic Genomics Market- Competitive Landscape:
Market players are initiating several strategies which are driving the market growth. In addition, market players are entering into several strategies such as geographical expansions, collaborations, and partnerships with other players in economically favorable and emerging countries. Moreover, important ethical and legal considerations are raised by the use of DNA evidence for forensic purposes. Potential misuse of genetic information, privacy concerns, and issues related to data sharing and consent were being regulated and debated by governments and international bodies. For instance, Thermo Fisher Scientific has equipped the facility with its entire DNA workflow which includes real-time PCR instruments, next-generation sequencers & rapid DNA, sophisticated systems for DNA extraction, as well as software, consumables, and validation services.
Recent Developments:
For instance, in August 2022, Verogen, Inc. and Gene by Gene announced a partnership to accelerate the adoption of forensic investigative genetic genealogy. As part of the agreement, Gene by Gene, the parent company of FamilyTreeDNA, will support DNA uploads generated from the Verogen ForenSeq Kintelligence kit, the only ANAB-accredited technology approved for forensic investigative genetic genealogy (FIGG).
Key features of the study:
- This proposed research study on forensic genomics market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
- The report provides the client the latest up-to-date and trending insights about the forensic genomics market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for forensic genomics market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the forensic genomics market
- Impact of COVID-19 on forensic genomics market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on forensic genomics market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the forensic genomics market, we have also included competitive landscape and key innovator analysis for the forensic genomics market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants who will help users to understand their financial information and strategic initiatives of players operating in the forensic genomics market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global forensic genomics market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL FORENSIC GENOMICS MARKET KEY PLAYERS
- Verogen, Inc.
- Agilent Technologies, Inc.
- Eurofins Discovery
- Gene by Gene, Ltd.
- Illumina, Inc.
- Thermo Fisher Scientific, Inc.
- GE Healthcare
- QIAGEN NV
- Neogen Corp.
- Othram Inc.
- Bio-Rad Laboratories, Inc.
- DNA Diagnostics Center (DDC)
- Promega Corporation
GLOBAL FORENSIC GENOMICS MARKET, BY PRODUCT TYPE
- Kits & Consumables
- Analyzers & Sequencers
- Software
GLOBAL FORENSIC GENOMICS MARKET, BY METHOD
- Next-generation Sequencing
- Capillary Electrophoresis
- PCR Amplification
GLOBAL FORENSIC GENOMICS MARKET, BY APPLICATION
- Paternity & Familial Testing
- Criminal Testing
- Others
GLOBAL FORENSIC GENOMICS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA