Rise in Incidence of Crime to Propel Global Molecular Forensic Market Growth

Molecular Forensic Market

According to Inkwood Research, the Global Molecular Forensic Market is expected to record a CAGR of 9.67% in terms of revenue over the forecasting period of 2023-2032.

“Browse 84 Market Data Tables and 66 Figures spread over 180 Pages, along with an in-depth TOC on the Global Molecular Forensic Market Forecast 2023-2032.” 

The progress in molecular biology and technical engineering has enhanced sequencing methods and outcomes in the molecular forensic market. Human identification stands out as a challenging domain within forensic science. Forensic biology, particularly DNA analysis and human identity testing, demands the examination of diverse samples. These samples exhibit significant variations concerning their source, DNA quality, carrier matrix, presence of inhibitors, sample age, as well as DNA quality and quantity.

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Increasing Incidence of Crime to Boost Global Market Growth

The demand for forensic services is experiencing a significant surge. The most recent crime data released by the Federal Bureau of Investigation (FBI) through its Uniform Crime Reporting (UCR) program indicates a noteworthy shift. After several years of nearly continuous declines, national rates for violent crime and homicide increased from 2014 to 2016. The violent crime rate rose from 361.6 per 100,000 people in 2014 to 373.7 per 100,000 in 2015 and further increased to 386.3 per 100,000 in 2016. 

Polymerase Chain Reaction (PCR): Dominating Forensic Technology in 2022

PCR stands out as the preferred test in the global molecular forensic market, commanding a dominant share. This preference is primarily attributed to its user-friendly nature, superior results, rapid turnaround time, and cost-effective solutions. 

Asia-Pacific to Grow with Highest CAGR by 2032

The Asia-Pacific (APAC) molecular forensic market is poised for rapid growth in the coming years. Numerous APAC countries, such as Australia, China, India, Japan, and Singapore, among others, are steadfastly promoting the adoption of forensic solutions. This includes the integration of NGS- and mass spectrometry-based tests, particularly across the emerging economies within the APAC region.

Some of the top companies operating in the global market include Illumina Inc, General Electric Company, Thermo Fisher Scientific Inc, etc.

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