Molecular Forensics Market Trend- Introduction of Next-Generation Sequencing Technologies
Increasing number of crimes and criminal investigations across the globe, rapid advancements in molecular technology, and rising funds for forensic programs by public and private sectors are some key factors expected to drive global Molecular Forensics market growth.
According to Emergen Research, the global molecular forensics market size was USD 1,097.7 million in 2019 and is expected to reach USD 2,223.7 million in 2027 and register a steady revenue CAGR of 9.8% during the forecast period, 2020-2027.
Molecular forensics is an important branch of science that offers comprehensive coverage of importance of molecular analysis in forensic science. It involves the application of molecular analysis technology in forensic research. Molecular forensics is widely used to investigate and establish facts of interest about criminal, administrative, and civil hearings. It emphasizes molecular techniques such as DNA profiling, origin of genetic polymorphisms, or repetitive DNA in human genome. Some of the common applications of molecular genetics include radioactive toxicology, nucleic acid analysis, forensic database, and microbial forensics.
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Factors such as increasing applications of molecular forensics in investigating criminal cases, rapid adoption of advanced hybridization techniques in molecular tests, and rising number of laboratories and research centers focusing on molecular forensics are expected to drive global market revenue growth during the forecast period. Moreover, high focus on improving human forensic case-work, rising investments in R&D activities, and government initiatives to support forensic research are other factors expected to fuel market growth going ahead.
However, factors such as high initial investments, dearth of skilled labor to handle complex techniques, and uncertainty of accurate results from existing technologies can hamper market growth to a certain extent during the forecast period.
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 Segment to Account for Largest Revenue Share:
The polymerase chain reaction segment is expected to account for largest revenue share between 2020 and 2027 owing to rising criminal cases across the globe, rapid advancements in PCR technology, and increasing adoption of advanced PCR technologies such as real-time PCR, and digital PCR.
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Forensic Databasing Segment To Register Steady Revenue CAGR:
The forensic databasing segment is expected to register a steady revenue CAGR over the forecast period owing to increasing incidence of crimes and criminal investigations across the globe, growing demand for advanced technologies for handling large databases, and high usage of forensic databasing in criminal investigations.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period. Revenue growth can be attributed to increasing criminal cases across the region, rapid adoption of advanced PCR-based techniques, rising investments in molecular forensic research, and high usage of molecular forensic tests for criminal investigation.
Major Companies in the 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.
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For the purpose of this report, Emergen Research has segmented into the global molecular forensics market on the basis of product, technology, application, end-user, and region:
Product Outlook (Revenue, USD Million; 2017-2027)
- Kits and Consumables
- Software and Other Products
Technology Outlook (Revenue, USD Million; 2017-2027)
- Polymerase Chain Reaction (PCR)
- Real-time PCR (q-PCR)
- Digital PCR (d-PCR)
- Capillary Electrophoresis
- SNP and STR Sequencing
- mtDNA Sequencing
- Mass Spectrometry
- Tandem MS
- Other Technologies
Application Outlook (Revenue, USD Million; 2017-2027)
- Radioactive Toxicology
- Nucleic Acid Analysis
- Forensic Databasing
- Microbial Forensics
- Other Applications
End-Use Outlook (Revenue, USD Million; 2017-2027)
- Law Enforcement
- Disaster Management
- Hospitals and Healthcare Providers
- Other End Users
Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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