Global DNA Forensic Market Overview:
DNA forensics is refer as a branch of forensic science which focuses on the use of genetic material during investigation of criminal to answer the questions pertaining to the legal situations, which includes criminal and civil cases. DNA Forensics is the centralised source of news at national and international level and resources about the developments which are latest to the concerning DNA databases. DNA Forensics primarily provides forensic news, conference reports and interviews regarding the leading forensic professionals and law enforcement. DNA forensics is basically a science that uses the genetic material for identification of human, regrading the investigation in criminal and civil cases and healthcare research. Genetic material is obtained from the sources such as blood, saliva, bones, hair, tissue, teeth, and semen Some of the key players profiled in the study are Lockheed Martin (United States), M2SYS Technology (United States), NEC (Japan), Safran (France), Agilent Technologies (United States), CrossResolve (United States), EasyDNA (United States), GE Healthcare (United States), Genetrack Biolabs (Canada) and homeDNAdirect (United Kingdom). According to Market Analyst at AMA, the Global DNA Forensic market may see a growth rate of 19.9% and would reach the market size of USD6.9 Billion by 2024.
On the basis of geography, the market of DNA Forensic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Location, the sub-segment i.e. Laboratory Forensic Technology will boost the DNA Forensic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High adoption in government sector
- Growing investments by various public and private organisations for forensic research
- Integration of biometrics in smart cards
- With the help of technologically advanced techniques, it is possible to generate DNA profiles within 90 minutes from swabs
- Privacy issues concerning related to DNA Forensic
- High maintenance cost of forensic equipment
- Increase in design complexity
- Lack of standardization
- Adoption of a wide array of other techniques that allows lab technicians to gather information from DNA samples at reduced costs and time
- High maintenance cost of forensic equipment
Major Market Developments:
GE Healthcare announced the opening of a biotechnology manufacturing center at the Stevenage Bioscience Catalyst (SBC) Open Innovation Campus, in Stevenage, UK. In the first half of 2019, the center will start producing a fiber-based purification platform, which has the potential to significantly improve efficiency in the purification steps of manufacturing biopharmaceuticals, gene therapies and viral vectors
Introduction of the Debbie Smith Reauthorization Act of 2014 extended the authorization of funds till 2019. This amendment will lead to usage of upto 4% of the funds appropriated for the enhancement of capacity & infrastructure of forensic facilities. Thus, such grants are anticipated to improve existing technologies, increase accuracy & efficiency of DNA analysis, and reduce the time & expenses involved in resolving the case, thereby creating remunerative growth prospects
Major Objectives Focused through this Study To define, describe, and forecast the Global DNA Forensic market on the basis of product [Equipment and Supplies] , application [Law Enforcement, Biodefense, Healthcare and Physical Security], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the DNA Forensic market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the DNA Forensic industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are NetBio (United States), NMS Labs (United States) and Thermo Fisher Scientific (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the DNA Forensic market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.