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The adoption of advanced hybridization technologies for molecular forensics tests is driving market demand.
CANADA, BC, VANCOUVER, December 28, 2021 /EINPresswire.com/ — 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. The market for molecular forensics is growing due to the advancement in technology and the adoption of advanced hybridization technologies for molecular forensics tests. Continuous investment in research and development and favorable regulations will propel the growth of the market. However, factors such as the high cost of techniques and complexities will restrain the market. The latest report offers a profound analysis of the present market scenario, its key product types, end-user landscape, application outlook, leading regions, competitive terrain, and the leading companies’ detailed profiles. Region-wise, the performance of the industry along with the prominent vendors operating in the geography also illuminates stakeholders, business owners, and field marketing, executives.
Forensics technology finds its application in court for the investigation of crime. An increase in the crime rate and the high demand for solving crimes using advanced technologies will create a demand for the market. Growing government initiatives to support forensic research supplements will also encourage market growth. Molecular biology tools have improved the capability of the forensic scientist to characterize the biological evidence to the point where it is feasible to analyze the sample and achieve individualization. Lack of accuracy of the results attained from the use of technologies with impedes market growth. The advancement in technologies has also propelled the usage of technology in the criminal investigation.
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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Key Highlights From The Report
In May 2020, Renishaw launched the Raman system for forensic analysis. The inVia InSpect is the latest version of its bestselling inVia confocal Raman microscope, customized for usage in molecular forensic laboratories for trace evidence analysis.
The software segment is anticipated to grow with a CAGR of xx% during the forecast period. The development in molecular software helps in tracking of sample handling throughout the process.
NGS enables molecular forensics to generate data that span the human genome, and NGS-generated short tandem repeat calls are fully compatible. With its ultra-high scalability, throughput, and speed, Next Generation Sequencing allows researchers to perform different variety of applications and study biological systems at an advanced level.
Based on the types, the Molecular Forensics market has been further classified based on geography, application and consumption capability. On the basis of the product application, the industry is bifurcated taking into consideration those in demand and are an outcome of technology advancement. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. The study performs a historical assessment of the Molecular Forensics from 2017 to 2018, focusing on the market trends, revenue share, growth rate, production capacity, pricing structure, and other vital aspects during that period.
To learn more details about the Global Molecular Forensics Market report, visit @ https://www.emergenresearch.com/industry-report/molecular-forensics-market
The global Molecular Forensics market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
For the purpose of this report, Emergen Research has segmented into the global Molecular Forensics Market on the basis of product, technology, application, end-user, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Kits and Consumables
Software and other products
Technology Outlook (Revenue, USD Billion; 2017-2027)
Polymerase Chain Reaction (PCR)
Real-time PCR (q-PCR)
Digital PCR (d-PCR)
SNP and STR Sequencing
Application Outlook (Revenue, USD Billion; 2017-2027)
Nucleic Acid Analysis
End-User Outlook (Revenue, USD Billion; 2017-2027)
Hospitals and Healthcare Providers
Other End Users
The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry. The global Molecular Forensics market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis.
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Molecular Forensics Market Segmentation & Impact Analysis
4.1. Molecular Forensics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Increase in the Incidences of Crime
220.127.116.11. Technological Advancements in Computational Biology
4.2.3. Market restraints analysis
18.104.22.168. Expensive Sequencing Procedures
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
The research provides answers to the following key questions:
What is the expected growth rate of the Molecular Forensics market for the forecast period 2020 – 2027? What is the market size likely to be during the estimated period?
What are the key driving forces shaping the future of the industry across different countries?
Who are the prominent market players dominating the Molecular Forensics market? How have they managed to maintain a competitive edge over their competitors?
What are the major trends and opportunities responsible for the progress of the Molecular Forensics market during the estimated period?
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