PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279859
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279859
Global Forensic Genomics Market is valued at approximately USD 472.2 million in 2022 and is anticipated to grow with a healthy growth rate of more than 14.25% over the forecast period 2023-2030. Forensic genomics is the application of genomic technologies, including DNA sequencing, genotyping, and bioinformatics, to the analysis of forensic samples. It involves the use of genetic information to identify individuals, determine relationships between individuals, and provide evidence for legal and criminal investigations. Forensic genomics can be used in a wide range of applications, including identifying victims of crime and disaster, linking suspects to crime scenes, establishing paternity or maternity, and identifying human remains. The market has significant factors driving growth during the period such as rising government funds and initiatives for forensic programs and increasing criminal activities
The National Institute of Justice stated in January 2022 that as part of its program for research & evaluation for the testing and analysis of physical evidence in publicly funded forensic laboratories, it will provide financing of USD 13 million to support five projects. Worldwide industry was badly impacted by COVID-19. The demand for forensic genomics is expected to rise significantly in response to the increasing number of crimes committed throughout the world. In 2020, there were 743 murder cases registered, according to Statistics Canada's figures. 2020 saw a 7% increase in homicide rates, from 1.83 to 1.95 per 100,000 inhabitants, the highest level since 2005. Further market growth would result from these considerations. However, the high cost of equipment and the dearth of skilled professionals in developing countries stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Forensic Genomics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is leading the global market growth of Forensic Genomics owing to increase in cases of violent crimes and the subsequent rise in forensic analyses in the region. However, Asia Pacific is expected to be the fastest growing region owing to several initiatives taken by governments and key industry players.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable