The DNA forensic solution market research report analyses the market’s competitive landscape and offers information on several companies including Applied DNA Sciences, General Electric Company, IDEMIA, Laboratory Corporation of America and NEC.
Seattle, WA -- (SBWIRE) -- 11/15/2019 -- The forensics and DNA market is expected to grow considerably on account of increasing concerns of security, technological innovations in diagnostics, and rising awareness of the serious implications of forensics use. Analysis of DNA is used to identify the genetic distinguishing factors of an individual. The plethora of areas of the genome are called polymorphic regions, which are used for forensic analysis and genetic mapping. DNA consists of two types of variable number tandem repeats (VNTRs) and short tandem repeats (STRs) of repetitive sequences. STRs are relatively easier to analyse than those with VNTRs. The repeating number at the loci differs from individual to individual, which helps in identifying their unique profile statistically.
The DNA forensic market is projected to expand substantially due to rising security concerns, advancements in diagnostic technologies, and growing awareness about the role played by the product in various critical activities.
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DNA forensics is a branch of science dealing with the use of genetic material for investigation in criminal & civil cases, human identification, and health care research. Genetic material is primarily recovered from sources such as tissues, bones, blood, saliva, hair, teeth, and semen. Analysis of DNA is used to identify the genomic distinction of an individual. The diversified areas of the genome are also called polymorphic regions, which are used for genetic mapping and forensic analysis.
The DNA forensic market is projected to expand substantially due to the rising security concerns at national & international borders and ports; increasing number of crimes such as sexual assault, terrorist attacks, kidnapping, gun violence, and homicides; and the relatively limited number of available industry players to cater to the growing consumer demand. Thus, the DNA forensic market falls under the pull type with high demand for the products and limited manufacturers of the technology.
The worldwide market for DNA Forensic is expected to grow at a CAGR of roughly 19.6% over the next five years, will reach 6500 million US$ in 2027, from 2220 million US$ in 2019.
Currently, the DNA forensic market is experiencing heavy research and development with substantial new product introduction. This encourages manufacturers to cater to the increasing customer demand with efficient and effective modality. The DNA forensic market is highly consolidated with a significant share occupied by top industry players. It is primarily driven by developed regions such as North America and Europe.
Globally, the DNA forensic market is segmented by application into the following categories: law enforcement, biodefense, health care, and physical security. Geographically, the DNA forensic market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for a significant share in the DNA forensic market during the forecast period, followed by Europe and Asia Pacific – the latter is projected to witness a phenomenal CAGR.
Key players operating in the global DNA forensic market include Lockheed Martin, M2SYS Technology, NEC Corporation, Roche, Thermo Fisher Scientific, Illumina, Agilent Technologies, Laboratory Corporation, Promega, GE Healthcare, QIAGEN, LGC Forensics, Morpho (Safran), ZyGEM, Applied DNA Sciences Inc
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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