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.
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.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/291
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.
Looking for Discount [Click on the link] @ https://www.emergenresearch.com/request-discount/291
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
- MS-FTIR
- 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
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/molecular-forensics-market
Region Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- 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
Explore Related Reports from Emergen Research:
The global clinical perinatal software market size was valued at USD 212.6 Million in 2019 and is forecasted to reach USD 393.3 Million by 2027 at a CAGR of 7.9%. The clinical perinatal software market is observing high demand attributed to its increasing application in workflow management, fetal monitor data services, and patient documentation.
The Global GERD Drugs and Devices Market size was valued at USD 5.10 Billion in 2019 and is anticipated to reach USD 6.14 Billion by 2027 at a CAGR of 2.3%. The market is driven by the rise in the awareness level about GERD and the growing trend for self-medication.
The Global Oncology Informatics Market size was valued at USD 4.62 Billion in 2019 and is anticipated to reach USD 8.01 Billion by 2027 at a CAGR of 7.1%. An increase in the awareness of the different types of treatment options for oncology will drive the demand for the oncology informatics market.
The global MRI systems market size was valued at USD 6,097.8 Million in 2019 and is forecasted to reach USD 8,249.3 Million by 2027 at a CAGR of 3.8%. The magnetic resonance imaging systems market is observing high demand attributed to its rising usage in neurological, musculoskeletal, vascular, spine, cardiac, abdominal, and breast cancer.
The global immunotherapy drugs market size was USD 154.40 Billion in 2019 and is expected to reach USD 365.57 Billion by 2027, at a CAGR of 12.1% during the forecast period. The global immunotherapy drugs market is anticipated to expand substantially in the near future, owing to the increasing cancer incidence across the globe.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-molecular-forensics-market