Forensic Genomics Market Poised for Explosive Growth: Reaching $1.45 Billion by 2030

The global forensic genomics market was valued at USD 502.02 million in 2022 and is expected to reach USD 1447.91 million in 2030, with a CAGR of 14.16% during the forecast period 2023-2030.

The global forensic genomics market was valued at USD 502.02 million in 2022 and is expected to reach USD 1447.91 million in 2030, with a CAGR of 14.16% during the forecast period 2023-2030.

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The field of forensic testing is experiencing significant growth. This can be attributed to several factors. First, there have been rapid advancements in technology, which allows for more sophisticated testing methods. Second, both private and government organizations are investing more money into developing cost-effective techniques. Finally, the unfortunate rise in crime rates, including homicides, kidnappings, and sexual assaults, is driving the demand for these services. There have been some setbacks, however. For instance, the COVID-19 pandemic negatively impacted the industry. Despite this challenge, there are positive signs, such as a 2022 announcement by the National Institute of Justice allocating $13 million to fund research projects focused on improving forensic testing in public labs.

The report provides insights regarding the lucrative opportunities in the Forensic Genomics Market at the country level. The report also includes a precise cost, segments, trends, region, and commercial development of the major key players globally for the projected period. This surge is fueled by the increasing use of genetic technologies in criminal investigations worldwide. Advancements in DNA sequencing, analysis techniques, and forensic databases are leading the charge. These improvements are making forensic investigations faster and more accurate, allowing for better identification of perpetrators, establishing family relationships in complex cases, and even solving longstanding cold cases. This rise in the power of forensic evidence is driving the demand for these genomics’ solutions, further propelling the market's growth.

Market Dynamics:

Drivers

  • Increased adoption of genomics in forensics: Law enforcement agencies worldwide are increasingly utilizing DNA sequencing, analysis techniques, and forensic databases to solve crimes. This rise in using genetic information for investigations is a major driver.
  • Advancements in technology: Improved DNA sequencing, analysis techniques, and forensic databases are leading to faster, more accurate identification of perpetrators, kinship establishment, and solving cold cases.
  • Growing demand for reliable evidence: The criminal justice system's need for strong, scientific evidence is propelling the demand for forensic genomics solutions.
  • Missing persons cases: The alarming number of missing persons cases (e.g., 546,568 new complaints in the US in 2022) is driving the need for advanced DNA analysis techniques offered by forensic genomics.
  • Government investments: Governments are actively expanding forensic labs equipped with these technologies (e.g., 32 State FSLs and 106 Regional FSLs in India).

Opportunities

  • Degraded or mixed DNA analysis: Advancements can unlock the potential to analyze challenging samples, leading to wider applications.
  • Expansion into new areas: Forensic genomics can play a role in wildlife crime investigation, disaster victim identification, and ancestral lineage tracing.
  • Technological innovations: Continuous improvements in DNA sequencing and analysis tools can further enhance accuracy, efficiency, and cost-effectiveness.
  • Growing public awareness: As the public becomes more aware of forensic genomics' capabilities, there could be increased support and funding for its development and application.

 

Market segmentation

Solution:

Kits

Analyzers sequencers

Software

Consumables

Method:

Capillary Electrophoresis (CE)

Next-generation sequencing

PCR amplification

Application:

Criminal testing

Paternity testing

Familial testing

 

Regional Analysis

North America: Currently holds the dominant market share due to:

High investments in forensic technologies

Presence of key market players

Robust legal framework

Increasing crime rates

Early adoption of advanced genomics techniques

Asia-Pacific: This region is experiencing the fastest growth due to:

Rising awareness of forensic DNA analysis

Growing population

Increased government initiatives to strengthen forensic capabilities (e.g., Centre of Excellence for DNA Forensics in India)

Report Overview : https://www.infiniumglobalresearch.com/market-reports/global-forensic-genomics-market

Key players operating in the global forensic genomics market are

  • Agilent Technologies, Inc.
  • Thermo Fisher Scientific
  • GE HealthCare
  • Forensic Fluids Laboratories
  • Neogen Corporation
  • QIAGEN
  • Promega Corporation
  • LGC Limited
  • Bio-Rad Laboratories, Inc
  • STRmix Limited.

Related Report:

1.Spatial Genomics and Transcriptomics Market

Request to sample: https://www.infiniumglobalresearch.com/reports/sample-request/35336

2.Genetic Testing Market

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Future outlook and Conclusion

The future of the forensic genomics market appears bright, with a projected CAGR of 14.16% reaching USD 1447.91 million by 2030. This growth is fueled by rising awareness of its capabilities, increasing demand for accurate DNA analysis, and government investments in bolstering forensic labs. Advancements in DNA sequencing like NGS and the launch of innovative products will further propel the market forward. However, ethical considerations surrounding genetic data privacy and security remain a challenge. Overall, the convergence of cutting-edge technology, growing demand for justice, and a focus on solving cold cases positions forensic genomics for continued expansion and revolutionizing the way crimes are investigated.


sonali patil

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