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DNA Forensics Market size was worth more than USD 2.5 billion in 2022 and is anticipated to exhibit over 7% CAGR from 2023-2032.
Rising government funding for forensic programs will positively influence the market outlook. Over the last decade, several countries have reported a rise in crime rates which has compelled public authorities to deploy initiatives pertaining to the development of DNA forensics science. For instance, in 2021, Publicly Funded Forensic Laboratories in the U.S. received research funding worth more than USD 1.3 million to enhance the assessment, testing, & interpretation of physical evidence.
A shortage of skilled professionals in developing economies could restrain industry progress. Forensic laboratories depend on skilled physicians and technical expertise to minimize the risk of false interpretation and effectively perform a myriad of tests. Since DNA forensic investigation plays a crucial role in criminal justice, accurate testing is vital. Scientists specializing in DNA tests ensure accuracy, an analytical approach, and expert interventions during the investigation. Owing to the growing need for accurate probing during criminal investigations, the need for skilled technicians will increase.
Report Attribute | Details |
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Base Year: | 2022 |
DNA Forensics Market Size in 2022: | USD 2.5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7% |
2032 Value Projection: | USD 5.5 Billion |
Historical Data for: | 2018 to 2032 |
No. of Pages: | 160 |
Tables, Charts & Figures: | 226 |
Segments covered: | Solutions, Method, Applications and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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