Molecular Forensics Market Size Worth USD 2,223.7 Million by 2027 Growing at a CAGR of 9.8% | Emergen Research

Vancouver, British Columbia, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The global Molecular Forensics Market is forecasted to be worth USD 2,223.7 Million by 2027, according to a current analysis by Emergen Research. Molecular forensics finds extensive application in forensic science. Usage of scientific principles to investigate and establish facts concerning civil, criminal, administrative hearings will drive market growth. The market helps in the generation of targeted therapies based on an individual’s genetic portfolio. It eliminates the apprehension pertaining to the trial and error method of medicines and removing unnecessary spending on healthcare. The development of sequencing technologies has also been a crucial element in the progression of molecular forensics.

Forensic science has adopted the usage of DNA molecular biology tools for diagnostic purposes more than other fields. It has developed and implemented robust and reliable DNA typing technologies. The success and widespread adoption of DNA typing in forensic science due to its sensitivity to detection and the ability to analyze minute samples.

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The growth in the incidence of crimes and criminal investigations has affected the demand for the market. Countries worldwide have witnessed an increased rate of crime, which has furthered the demand for molecular forensics technologies. 

Key Highlights From The Report

• In October 2020, Bruker announced the launch of the Vutara VXL. It is a super-resolution fluorescence microscope for application in nanoscale biomedical imaging. The system features single-molecule localization technology, which for research purposes, enhances spatial genomics capabilities.
• DNA molecular analysis has become an essential tool in forensic investigations. DNA profiling is dependent on short tandem repeats and also help in human identification from a biological sample. The growing usage of it is driving the demand for the instrument segment.
• Polymerase Chain Reaction or PCR is used as a tool for genetic fingerprinting. This technology has the ability to identify a person among millions of others. PCR-based fingerprinting is also used in parental testing in which an individual is compared with close relatives.
• Forensic Databasing involved in modern criminal investigations for investigations search for motive and method to identify suspects. Forensic Databasing is used to verify commercial agreements, such as the legal dispute between two large corporates.
• The Asia Pacific region is witnessing an increased demand with support from the government and a rise in technological advancement. Expanding research in drug discovery and increasing investment in the research and development activities in the genomics and proteomics applications will affect the market positively.
• Key participants 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, and Illumina, Inc., among others.

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For the purpose of this report, Emergen Research has segmented the Global Molecular Forensics Market on the basis of product, technology, application, end-user, and region:

• Product Outlook (Revenue, USD Billion; 2017-2027)
  • Instruments
  • Kits and Consumables
  • Software and other products
• Technology Outlook (Revenue, USD Billion; 2017-2027)
  • Polymerase Chain Reaction (PCR)
    1. Real-time PCR (q-PCR)
    2. Digital PCR (d-PCR)
  • Capillary Electrophoresis
  • NGS
    1. SNP and STR Sequencing
    2. mtDNA Sequencing
  • Mass Spectrometry
    1. MS
    2. Tandem MS
    3. MS-FTIR
  • Other Technologies
• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Radioactive Toxicology
  • Nucleic Acid Analysis
  • Forensic Databasing
  • Microbial Forensics
  • Other Applications
• End-User Outlook (Revenue, USD Billion; 2017-2027)
  • Law Enforcement
  • Disaster Management
  • Hospitals and Healthcare Providers
  • Other End-Users

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• Regional Outlook (Revenue, USD Billion; 2017-2027)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. U.A.E.
    3. Rest of MEA

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