Global Forensic Genomics Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
The field of Forensic Genomics is a niche area that merges genetics and forensic principles to examine evidence through genomic data analysis for use in criminal investigations and legal matters It stands out for its high precision and reliability in offering extensive genetic details and finds application in various domains, like law enforcement science healthcare and research.
Market Key Insights
- The Forensic Genomics market is projected to grow from $612.2 million in 2024 to $2.63 billion in 2034. This represents a CAGR of 15.7%, reflecting rising demand across Criminal Investigations, Wildlife Forensics and Paternity Testing.
Thermo Fisher Scientific Inc., Illumina Inc., Agilent Technologies Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and UK are the top markets within the Forensic Genomics market and are expected to observe the growth CAGR of 14.1% to 18.8% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 11.0% to 16.5%.
Transition like Advancements in DNA Sequencing is expected to add $302.1 million to the Forensic Genomics market growth by 2030
- The Forensic Genomics market is set to add $2.0 billion between 2024 and 2034, with manufacturer targeting Genetic Anthropology & Bioinformatics Applications projected to gain a larger market share.
- With Advancements in genomic sequencing, and Increasing demand for personalized medicine, Forensic Genomics market to expand 330% between 2024 and 2034.
Opportunities in the Forensic Genomics
Forensic Genomics holds promise in unexplored market areas like private security firms and insurance companies. The integration of genomics in these industries could transform fraud detection and risk evaluation processes result in a surge in demand, for Forensic Genomics solutions.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
North America stands out as a player in Forensic Genomics on a global scale due to its competitive environment and innovative approaches in the field. The regions progress thrives on advancements and the growing need for Forensic Genomics in legal contexts amidst rising crime rates. The United States plays a role in the realm of Forensic Genomics research with many academic institutions and private enterprises leading the way, in DNA sequencing advancements and genetic genealogy technologies. The competitive environment is heightened by companies like Illumina and Thermo Fisher Scientific in addition to Agilent Technologies in this sector. The focus, in this region largely revolves around enhancing DNA analysis methods and incorporating intelligence into Forensic Genomics.
Asia-Pacific Outlook
The Asia Pacific region is showing potential as a growing market for Forensic Genomics with nations such as China and Japan at the forefront of this trend alongside Indias rise in prominence within the industry well. The rapid urbanization and the rising need for forensic technologies are key drivers behind the regions market expansion. Local and international entities make up the landscape with notable contributions from companies, like BGI Genomics and Novogene in advancing the field. Key factors in this region comprise the growing recognition of the possibilities of Forensic Genomics in crime solving efforts. Additionally government programs that support research and the rise in collaborations, between research organizations are contributing to these developments.
Market Dynamics and Supply Chain
Driver: Advancements in Genomic Sequencing, and Rise in Genetic Research and Studies
In years there has also been a growing interest in personalized medicine where treatment plans are also customized for individual patients based on their genomic information. This surge in demand has also also fueled the use of genomics, in healthcare to pinpoint genetic differences that could also impact how individuals react to specific medications. The rising popularity of medicine is also anticipated to further propel the forensic genomics market going forward.
Restraint: High Costs of Forensic Genomic Technologies
Opportunity: Technological Innovations and Strategic Collaborations
Collaborating with research institutions and tech companies has the potential to speed up the progress and acceptance of Forensic Genomics significantly. Such partnerships may result in the advancement of genomics tools and methods to broaden the reach and use of Forensic Genomics further.
Challenge: Ethical and Privacy Concerns
Supply Chain Landscape
Illumina
Thermo Fisher Scientific
Bio-Rad Laboratories
Agilent Technologies
Verogen
Qiagen
Law Enforcement Agencies
Healthcare Institutions
Illumina
Thermo Fisher Scientific
Bio-Rad Laboratories
Agilent Technologies
Verogen
Qiagen
Law Enforcement Agencies
Healthcare Institutions
Applications of Forensic Genomics in Criminal Investigations, Wildlife Forensics & Paternity Testing
Forensic genomics has revolutionized criminal investigations by providing precise and reliable data. The use of DNA sequencing in forensic genomics allows for accurate identification of individuals involved in criminal activities. This application of forensic genomics is mostly used in solving crimes where biological evidence is present. Companies like Verogen and Thermo Fisher Scientific are leaders in this field, offering advanced genomic solutions that enhance the precision and speed of criminal investigations.
Forensic genomics is also extensively used in paternity testing. Through the analysis of specific DNA markers, it provides a highly accurate method for establishing biological parentage. Illumina and QIAGEN are among the top players in this application, providing reliable genomic testing solutions that ensure accurate and quick results. These advanced technologies have revolutionized parentage verification by offering unparalleled precision, efficiency, and credibility in legal, medical, and personal identification scenarios worldwide.
Wildlife forensics is another significant application of forensic genomics. It helps in identifying illegally traded animals and in biodiversity studies by analyzing the genetic material. Companies like NMS Labs and Eurofins Forensic Services are prominent in this sector, offering cutting-edge genomic solutions that aid in the conservation of wildlife and biodiversity. These advanced tools play a crucial role in combating wildlife trafficking, supporting ecological balance, and promoting sustainable biodiversity protection worldwide.
Recent Developments
GenomeTech launched its advanced Forensic Genomics solution, integrating AI and ML to enhance crime scenario investigations
BioTrace introduced a novel DNA sequencing technique in the Forensic Genomics market, promising faster and more accurate results
GenetiCore announced a strategic partnership with law enforcement agencies, providing cutting-edge Forensic Genomics tools for improved criminal identification.