Molecular Forensics Market Size to Reach USD 2,441.62 Million in 2028 Growing at a CAGR of 9.8%, according to Emergen Research

Emergen Research has published its latest report titled “Molecular Forensics Market, By Product Type (Instruments, Kits and Consumables, Software & Services), By Technology (Capillary Electrophoresis, Polymerase Chain Reaction (PCR), NGS, Mass Spectrometry, Others), By Application (Radioactive Toxicology, Nucleic Acid Analysis, Forensic Databasing, Microbial Forensics, Others), By End-use (Law Enforcement, Disaster Management, Hospitals and Healthcare Providers, Others), and By Region Forecast to 2028”

According to Emergen Research, the global molecular forensics market size was USD 1,205.27 million in 2020 and is expected to reach USD 2,441.62 million in 2028 and register a revenue CAGR of 9.8% during the forecast period, 2021-2028.

Market Dynamics:

Major factors providing impetus to the global molecular forensics market revenue growth are increasing applications of molecular forensics in criminal investigations, introduction of next-generation sequencing technologies, rapid adoption of highly advanced hybridization technologies for molecular forensic tests, and increasing government initiatives towards the development of forensic research supplements. Forensic science involves the use of various scientific methods for criminal investigations.

Molecular forensics refers to the application of molecular analysis technology in forensic research activities. Growing need for analysis of DNA molecular sequences in forensic investigations to accurately identify biological samples has significantly driven demand for molecular forensics. DNA profiles including genetic fingerprints are generally used by forensic scientists for determining parentage and identifying criminals.

Hence, growing rate of crime worldwide and continuous advancements in molecular genetics, and rapid development of advanced biomarkers for identification of forensic bodily fluids such as messenger RNA (mRNA), microRNA (miRNA), and DNA methylation are other factors expected to boost the global molecular forensics market revenue growth over the forecast period.

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COVID-19 Impact Analysis:

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Polymerase Chain Reaction (PCR) Segment Accounted for Largest Revenue Share in 2020:

Based on technology, the global molecular forensics market is primarily segmented into Capillary Electrophoresis, Polymerase Chain Reaction, NGS, Mass Spectrometry, and Others. The polymerase chain reaction (PCR) segment accounted for the largest revenue share in the global market in 2020. Rising incidences of infectious diseases, increasing government and private investments in genomic R&D activities, increasing adoption of robotics for laboratory automation, and rising adoption of PCR technologies including real-time PCR (q-PCR) and digital PCR (d-PCR) due to several advantages such as real-time process monitoring, workflow automation, and higher precision and reproducibility are key factors driving this segment’s growth.

Forensic Databasing Segment to Account for Fastest Revenue CAGR:

Based on application, the global molecular forensics market is segmented into Radioactive Toxicology, Nucleic Acid Analysis, Forensic Databasing, Microbial Forensics, and Others. The forensic databasing segment is expected to register the fastest revenue CAGR in the global market over the forecast period. Rapidly growing rate of crime across the globe and increasing use of forensic DNA databases for examination of crime-related stains are major factors driving revenue growth of this segment.

North America Accounted for Largest Revenue Share in 2020:

Among regional markets, the North America molecular forensics market accounted for the largest revenue share in the global market in 2020. Factors majorly contributing to the North America market revenue growth include growing rate of crime, increasing volumes of molecular forensic tests for criminal investigation, rising government investments in R&D activities in the fields of genomics and proteomics, and major technological advancements in PCR-based techniques. 

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Major Companies in the Global Molecular Forensics Market Include:

  • Analytik Jena AG
  • BioChain Institute Inc.
  • Eurofins Scientific SE
  • Agilent Technologies, Inc.
  • AS ONE International, Inc.
  • Bio-Rad Laboratories, Inc.
  • General Electric Company
  • Eurofins Scientific SE
  • Merck KGaA
  • Illumina, Inc.

For the purpose of this report, Emergen Research has segmented the global molecular forensics market based on product type, technology, application, end-use, and region:

Product Type Outlook (Revenue, USD Million; 2018-2028)

  • Instruments
  • Kits and Consumables
  • Software & Services

Technology Outlook (Revenue, USD Million; 2018-2028)

  • Capillary Electrophoresis
  • Polymerase Chain Reaction (PCR)
  • Real-time PCR (q-PCR)
  • Digital PCR (d-PCR)
  • NGS
  • SNP and STR Sequencing
  • mtDNA Sequencing
  • Mass Spectrometry
  • Tandem MS
  • Others

Application Outlook (Revenue, USD Million; 2018-2028)

  • Radioactive Toxicology
  • Nucleic Acid Analysis
  • Forensic Databasing
  • Microbial Forensics
  • Others

End-use Outlook (Revenue, USD Million; 2018-2028)

  • Law Enforcement
  • Disaster Management
  • Hospitals and Healthcare Providers
  • Others

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Region Outlook (Revenue, USD Million; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of Middle East & Africa

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