Increasing crime rate is expected to drive the growth of Global Forensic Genomics Market in the forecast period, 2024-2028.
According to TechSci Research report, “Forensic Genomics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, The Global Forensic Genomics Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to increasing adoption and validation of innovative methods to support investigations of criminal cases across the globe. Additionally, increasing investments to support the forensic program, increasing development of forensic laboratories by government initiatives along with increasing development of sampling methods and portable equipment is expected to support the market growth in the coming years. Besides, an increasing number of murder cases in different countries are further expected to support the market growth. Similarly, identification of disaster victim, DNA database management, missing person identification and criminal casework with SNP and STR sequencing need forensic genomics which will further propel the market growth over the years. Also, growing developments in forensic science allow new kinds of relevant information to be obtained from biological samples which will further demand for forensic genomics in the forecasted years.
However, lack of potential and skilled professional and lack of government regulations for using genome techniques may hamper the growth of the global forensic genomics market. Additionally, high cost of instruments and technical insufficiency may further restrict the growth of global forensic genomics market during the forecast period. Also, the risk of direct infection related to biological sample can further restrain the growth of the market during the forecasted years.
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The global forensic genomics market can be segmented by component, technique, application and by region. Based on component, the global forensic genomics market can be segmented into Kits, Analyzers & Sequencers, Software, and Consumables. The software segment dominated the market in 2021 and is expected to continue maintaining its dominance over the next few years on account of its technological superiorities over the other techniques for analyzing genomic databases. Based on application, the global forensic genomics market can be fragmented into Criminal Testing, Paternity & Familial Testing, Biodefense, and Others. The paternity and familial testing segment is expected to dominate the market in the forecast period on account of the increasing demand for high accuracy when comparable biological evidence exists will further propel the market growth during the forecast period.
Based on Technique, the global forensic genomics market can be segmented into Capillary Electrophoresis (CE), Next-generation Sequencing (NGS), and PCR Amplification. The PCR segment dominates the market in 2022 and is expected to continue its dominance over the forecast period on account of the growing prevalence of different diseases such as SARS-CoV-2 along with rising demand for treatment with less cost. Similarly, growing demand for forensic databases for human identification to solve the crime cases is expected to create significant growth during the forecasted periods.
Major companies operating in global forensic genomics market are:
- Illumina, Inc.
- Verogen, Inc.
- Agilent Technologies, Inc.
- Thermo Fischer Scientific, Inc.
- QIAGEN NV
- GE Healthcare
- Gene by Gene, Ltd.
- Neogen Corporation
- Eurofins Scientific SE
- Othram Inc.
In August 2022, Thermo Fisher Scientific collaborated with National Forensic Sciences University (NFSU) to establish the Centre of Excellence for DNA Forensics in India. Similarly, in August 2022, Gene by Gene and Verogen, Inc. entered into the partnership agreement to accelerate the forensic investigative genetic genealogy adoption. This alliance would further offer to standardize bioinformatic methods and cost-effective whole genome sequencing services for FIGG analysis for difficult forensic samples.
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“The North America is expected to dominate the global forensic genomics market on account due to increasing the number of criminal cases such as homicides, kidnapping, and sexual assault across the region. . Besides, increasing research & development activities in the forensic department for the development of new technology and diagnose some chronic diseases is expected to create a lucrative growth during the forecasted years. Also, rising awareness regarding various analytical technologies and rising investments in the region for criminal identification is also drive the market growth during the forecasted years. . Additionally, the presence of key market players in the region especially in the United States is further expected to support the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Forensic Genomics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Component (Kits, Analyzers & Sequencers, Software, Consumables), By Technique (Capillary Electrophoresis {CE}, Next-generation Sequencing {NGS}, PCR Amplification), By Application (Criminal Testing, Paternity & Familial Testing, Biodefense, Others), By Region and Competition”, has evaluated the future growth potential of global forensic genomics market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global forensic genomics market.
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