About DNA Forensic
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
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
CAGR | 19.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global DNA Forensic market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are NetBio (United States), NMS Labs (United States) and Thermo Fisher Scientific (United States).
Segmentation Overview
AMA Research has segmented the market of Global DNA Forensic market by Type (Equipment and Supplies), Application (Law Enforcement, Biodefense, Healthcare and Physical Security) and Region.
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.
Influencing Trend:
Integration of biometrics in smart cards and With the help of technologically advanced techniques, it is possible to generate DNA profiles within 90 minutes from swabs
Market Growth Drivers:
High adoption in government sector and Growing investments by various public and private organisations for forensic research
Challenges:
High maintenance cost of forensic equipment
Restraints:
Privacy issues concerning related to DNA Forensic, High maintenance cost of forensic equipment, Increase in design complexity and Lack of standardization
Opportunities:
Adoption of a wide array of other techniques that allows lab technicians to gather information from DNA samples at reduced costs and time
Market Leaders and their expansionary development strategies
Eurofins Scientific, a global scientific leader in bioanalytical testing and clinical diagnostics testing, Eurofins Clinical Testing Lux Sarl, has acquired Genetic Testing Service JSC (“Gentis”), a pioneer in genetic testing in Vietnam. The acquisition will further enhance Eurofins’ expansion in Asia and complement its global network of clinical diagnostics laboratories focused on specialized and advanced genetic testing.
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
Key Target Audience
Goverment Regulatory, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.