Global Forensic Genomics Market Report to 2033: Fast Technology Development and Rising Government & Commercial Funding Drive Growth – ResearchAndMarkets.com

Global Forensic Genomics Market Report to 2033: Fast Technology Development and Rising Government & Commercial Funding Drive Growth – ResearchAndMarkets.com

Global Forensic Genomics Market Report to 2033: Fast Technology Development and Rising Government & Commercial Funding Drive Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Forensic Genomics Market by Product, Method, Application, and by Region – Global Forecast to 2022-2033” report has been added to ResearchAndMarkets.com’s offering.

The forensic genomics market size is estimated to be USD 518.75 million in 2022 and is expected to witness a CAGR of 14.89% during the forecast period 2023-2033.

Companies Mentioned

Thermo Fisher Scientific Inc.
Gene by Gene Ltd.
GE Healthcare
Agilent Technologies Inc.
Illumina Inc.
Eurofins Discovery
Verogen Inc
Neogen Corporation

Fast technology development, rising government and commercial funding for the development of low-cost forensic testing methods, and a surge in crimes including homicide, kidnapping, and sexual assault are factors contributing to the market growth. However, high price of these instruments is expected to hinder the growth.

Rising government and commercial funding for the development of low-cost forensic testing methods is expected to fuel the market growth during the forecast period.

For instance, the National Institute of Justice stated in January 2022 that as part of its programme for research & evaluation for the testing and analysis of physical evidence in publicly-funded forensic laboratories, it will provide financing of USD13 million to support five projects.

Surge in crimes including homicide, kidnapping, and sexual assault is predicted to propel the market growth during the projected period. In 2020, there were 743 homicide cases registered, according to Statistics Canada’s figures. 2020 reported 7% spike in homicide rates, from 1.83 to 1.95 per 100,000 people, the highest level since 2005.

Market Segmentation:

Product (Revenue, USD Million), 2022 – 2033

Software
Analyzers & Sequencers
Kits & Consumables

Method (Revenue, USD Million), 2022 – 2033

PCR Amplification
Capillary Electrophoresis
Next-generation Sequencing

Application (Revenue, USD Million), 2022 – 2033

Paternity & Familial Testing
Criminal Testing
Others

By Region (Revenue, USD Million), 2022 – 2033

North America

U.S.
Canada

Europe

Germany
France
UK
Spain
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of APAC

Latin America

Brazil
Mexico
Argentina
Rest of LATAM

Middle East & Africa

South Africa
GCC
Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/u80hr0

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