Forensic Genomics Market (Solution - Kits, Analysers & Sequencers, Software, and Consumables; Method - Capillary Electrophoresis CE, Next-generation Sequencing, and PCR Amplifications; Application - Criminal Testing, Paternity, and Familial Testing): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the forensic genomics market provides an in-depth analysis of segments and sub-segments in the global as well as regional forensic genomics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional forensic genomics market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global forensic genomics market. According to the report, the global forensic genomics market is projected to grow with a significant CAGR over the forecast period of 2022-2028. 

Market Insight

Forensic genomics, which can help investigators get past forensic DNA hurdles that were previously impenetrable, addresses the improvement in genetic testing and genomic analysis. To hasten the adoption and validation of innovative techniques in order to help forensic genomics investigations that might otherwise be stalled by conventional testing techniques. The use of genomic, epigenomic, and transcriptomic concepts and technology is being made to identify the DNA and RNA markers in order to solve numerous forensic problems that are now unanswered. Only partially, through genetic or other methods. In order to reduce global health disparities and provide developing nations with effective, reliable methods of preventing, detecting, and treating the most common diseases that affect their populations as well, human genomics research and related biotechnology play an important role. 

An individual's genetic profile is used to inform decisions about illness prevention, diagnosis, and treatment in the developing field of personalized medicine, which is driving the field's growth. By considering the patient's genetic profile, clinicians can choose the best medication or therapy and provide it according to the recommended dose or schedule. Personalized medicine is progressing thanks to information from the Human Genome Project. The growth of the market is constrained by a lack of qualified and potential specialists. Instruments and regulatory factors come with a very hefty price tag. When using genomic databases for analysis, technical inadequacy in the processing of large databases was noted. The high cost of genetic technologies might also serve as a market restraint. Despite the fact that the purpose of genomics is to influence the future of the global healthcare system, high equipment costs have restricted its use to just industrialized nations. The forensic genomics market is expected to increase significantly as most businesses use cutting-edge sequencing technology in conjunction with consumer databases. The forensic genomics market can adjust in light of the limitations of conventional testing methods and the inability to validate novel approaches to help investigations. 

According to regional study, North America will hold a sizable market share in 2021. North America uses a scientific approach to research and development, along with genetics, technical advancements, and this industry. The U.S. economy has guaranteed itself a leading place in the global market by investing in genomics initiatives. In order to advance the genomics business, European nations have created innovative breeding methods. Specially to address issues like population increase, food security, climate change, and food safety. They may have an opportunity to improve plant breeding, create climate-resilient agriculture, and reduce stress by changing the EU's regulatory framework. Throughout the projection period, it is anticipated that market revenue will continue to expand steadily. The Asia-Pacific market is predicted to have moderate revenue growth during the projected period due to the increased demand for genetic testing and genetic sequencing from various countries and anticipated advancements in bioinformatics. Leading genomics firms in Singapore, Japan, India, and Hong Kong are investing in R&D for tailored medications and diagnostic tools, which is boosting the region's industry. 

Segment Covered

The report on the global forensic genomics market covers segments such as solution, method, and application. On the basis of solution, the sub-markets include kits, analysers & sequencers, software, consumables. On the basis of method, the sub-markets include capillary electrophoresis ce, next-generation sequencing, pcr amplifications. On the basis of application, the sub-markets include criminal testing, paternity, familial testing. 

Companies Profiled:

The report provides profiles of the companies in the market such as Agilent Technologies Inc., Thermo Fisher Scientific Inc., GE HealthCare, Eurofins Discovery, Gene by Gene, Ltd., Verogen, Inc, Illumina, Inc., Ultra Electronics Forensic Technology, Forensic Fluids Laboratories, Neogen Corporation. 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the forensic genomics market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.