The global demand for Molecular Forensics Market is presumed to reach the market size of nearly USD 5.26 BN by 2028 from USD 2.57 BN in 2021 with a CAGR of 10.8% under the study period 2022 - 2028.
Molecular forensics is a branch of science. It covers the application of molecular analysis techniques in forensic research. It is commonly used to investigate and establish facts regarding criminal, administrative and civil hearings. It includes molecular techniques like DNA profiling, the origin of genetic polymorphisms, and repetitive DNA in the human genome. Molecular forensics are used for the identification of persons who are already in the system. The most common applications of molecular genetics include radio toxicology, nucleic acid analysis, forensic databases, and microbial forensics.
Market Dynamics
The rapid advances in molecular technology and increasing funding for forensic programs by the public and private sectors is boosting the growth of global molecular forensics market. Moreover, continuous investment in research and development and favourable regulations may contribute to market growth. The increased crime rate and the high demand for solving crimes using advanced technologies will create a demand for the market. Furthermore, growing government initiatives supporting forensic research supplements will drive market growth. However, the high cost of techniques and complexities may hamper the market's growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of molecular forensics. The growth and trends of molecular forensics industry provide a holistic approach to this study.
Market Segmentation
This section of the molecular forensics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Kits And Consumables
- Instruments
- Software And Other Products
By Technology
- Polymerase Chain Reaction (PCR)
- Capillary Electrophoresis
- NGS
- Mass Spectrometry
- Other Technologies
By Application
- Radioactive Toxicology
- Nucleic Acid Analysis
- Forensic Databasing
- Microbial Forensics
- Other Applications
By End User
- Law Enforcement
- Disaster Management
- Hospitals And Healthcare Providers
- Other End Users
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Molecular Forensics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Molecular Forensics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the molecular forensics market include Agilent Technologies Inc., Illumina Inc., QIAGEN N.V., Bio-Rad Laboratories Inc., Promega Corporation, Eurofins Scientific SE, General Electric Company, Merck KGaA, LGC Limited, Thermo Fisher Scientific Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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