The growing crime rate, bar no country or continent, is the primary driver of the global DNA forensic market, according to a recent study by Transparency Market Research (TMR). The study, titled “DNA Forensic Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” has been done with a solitary goal to provide clear picture of the market for DNA forensic in its current scenario, and based on in-depth analysis of all factors that may impact the demand in the near future, the report provides estimations until 2025. The market has been divided into smaller segments in order to gauge the lucrativeness of various aspects, studies attractiveness of all major geographical regions, and profiles some of the leading companies to represent the competitive landscape.
The TMR report anticipates the global DNA forensic market to expand at a robust CAGR due to escalating security concerns at railways, airports, seaports, and borders as well as increasing frequency of numerous crimes such as terrorist attacks, gun violence, drug-related, sexual assault, homicide, and kidnapping. DNA forensic use genetic material to investigate criminal and civil cases, healthcare care research, and human identification. In the recent times, advanced technologies have made their way into DNA forensic to make it more robust and versatile, and are gaining adoptability in both developed and developing economies.
This increase in pure-play vendors, high adoption in the government sector, increase in research and development spending, growing popularity of digital forensics, ubiquity of mobile devices, and integration of biometrics in smart cards are some of the other factors that augur well for the future of the global DNA forensic market. On the other hand, lack of standardization, increase in design complexity, privacy issues and high maintenance cost are some of the factors that will change the market from achieving its true potential during the forecast period.
Application-wise, the global DNA forensic market can be segmented into biodefense, healthcare, law enforcement, and physical security. Geographically, the report takes stock of all the important regions such as North America, Asia Pacific, Europe, Latin America, the Middle East.
M2SYS, Safran, Lockheed Martin, and NEC are some of the leading companies operating in the global DNA forensic market, which exhibits fragmented landscape, owing to the presence of large number of vendors who offer products with varied prices, quality, and innovation. GE Healthcare, CrossResolve, Agilent Technologies, EasyDNA, Genetrack Biolabs, NetBio, homeDNAdirect, Thermo Fisher Scientific, and NMS Labs have been identified as other key vendors operating in the global DNA forensic market. In the near future, acquisition of smaller vendors by the leading players is expected to help them consolidate their position in the divided market.
Download a PDF Brochure of DNA Forensic Market Research Report – http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23987