Forensic Genomics Market– Statistics And Analysis & Forecast To 2030Posted by Mrudula Karmarkar on January 13th, 2023 The global forensic genomics market size is expected to reach USD 1.36 billion by 2030, registering a CAGR of 14.25% in the forecast period, according to a new report by Grand View Research, Inc. This is owing to a significant increase in violent crimes, globally. Murder, intentional homicide, robbery, etc. are the key factors driving the growth of the industry. The Federal Bureau of Investigation predicted that there will be 1.31 million violent crimes in 2021. Homicides accounted for approximately 40.00% since before the pandemic, according to the FBI’s estimated homicide data. Forensic DNA profiling allows the identification of individuals of those who are already known to the investigating authorities. New genetic markers have been produced as a result of recent research and they have the potential to address some significant shortcomings in DNA profiling techniques. In addition, several developments allow new kinds of relevant information to be obtained from biological samples. These include new molecular techniques for locating individuals that investigators were previously unaware of, and novel molecular approaches to support connections between criminal acts and sample donors. Such advancements in genomics, genetics and molecular biology are expected to enhance human forensic casework in the coming years. Advancements in technology have helped scientists create DNA fingerprints with smaller samples of DNA, therefore a suspect can be identified from a small amount of blood sample. Next-generation Sequencing (NGS) offers results quickly and at a lower cost than other conventional techniques. Accordingly, to improve DNA testing accuracy, the number of regions used in STR analysis increased from 13 to 20 in 2017. In February 2022, researchers from the University of Washington along with the U.S. Department of Homeland Security used DNA testing of ivory shipments confiscated by law enforcement to identify the global criminal groups involved in ivory smuggling out of Africa. The kits & consumables product segment captured the highest revenue share in 2021 due to the high public & private investments in the development of DNA forensics. The consumables include centrifuge tubes, cotton swabs, and filter baskets among others. The capillary electrophoresis method segment dominated the industry in 2021. Capillary electrophoresis is a fully automated technique used for detecting and separating Short Tandem Repeat (STR) alleles in genomic laboratories. Criminal testing was the largest application segment in 2021 owing to the increasing use of molecular testing technology for criminal investigation. North America dominated the global industry in 2021 due to various technological developments in the forensic sciences and growing investigation consent for forensic processes, such as biometric analysis methods and DNA profiling. The industry growth is attributed to rapid technological advancements, increased private & government funding for the development of cost-effective forensic testing techniques, and an increasing number of crimes, such as homicides, kidnapping, and sexual assault. For instance, in January 2022, the National Institute of Justice announced offering funding of USD13 million to assist five projects as part of its program for research & evaluation for the testing and analysis of physical evidence in publicly-funded forensic laboratories. COVID-19 negatively impacted the global industry. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/forensic-genomics-market-report/request/rs1 Local restrictions on the movement of goods affected the operations of forensic laboratories globally. Moreover, the higher risk of getting the SARS-COV-2 virus while handling biological samples like tissues and bodily fluids has hampered the demand for DNA forensics. The risk of direct infection to forensic investigators increases because biological fluid, such as semen, blood, tissues, saliva, and other evidence obtained at the crime site, may be susceptible to viral infection. Furthermore, the limited lab budget has contributed to the slow growth of the industry. Several fields in forensic science, including DNA analysis, are transforming globally. Novel techniques are created, implemented, and validated to support criminal investigations. Forensic Genomics Market Report Highlights
Researchers usually face challenges regarding the validity and accuracy of current and older techniques. For instance, in May 2021, Verogen Inc. entered into a partnership agreement with the forensic division of Eurofins Scientific to launch ForenSeq MainstAY Workflow. This would further support sexual assault cases and volume casework. Furthermore, the criminal testing application is projected to rapidly grow in the coming years. With the growing number of crimes globally, the demand for forensic genomics is anticipated to increase considerably. Approximately 743 homicide cases were reported in 2020, according to data from Statistics Canada. Homicide rates increased by 7% from 1.83 to 1.95 per 100,000 people in 2020, reaching its highest level since 2005. These factors would further drive the market. List of Key Players in Forensic Genomics Market
Like it? Share it! More by this author |