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DUBLIN, Nov. 21, 2019 /PRNewswire/ -- The "Global Molecular Forensics Market: Focus on Product, Technology Application, End User, Country Data (16 Countries), and Competitive Landscape - Analysis and Forecast, 2019-2029" report has been added to ResearchAndMarkets.com's offering.

This analysis projects the market to grow at a significant CAGR of 9.09% during the forecast period, 2019-2029. The molecular forensics market generated $996.9 million in revenue in 2018, in terms of value.

With the completion of the Human Genome Project (HGP), a new wave of technologies, called next-generation sequencing (NGS) was introduced in the healthcare industry. PCR, and NGS have fundamentally changed genomics research and enabled the scientists to research extensively on the gene variants to specific molecular diagnostics and aided the development of targeted therapeutics depending on the genetic profile of an individual. The completion of the project, subsequently, created platform for the development of precision medicines.

One of the revolutionary breakthroughs which NGS has resulted in is molecular forensics. Molecular forensics involves a detailed study of individual information to identify and characterize the molecular sequences, resulting in target-based identification. This method approach based on biomarker study is perceived to be promising in driving a paradigm shift in the molecular forensics industry, facilitating the elimination of uncertainty pertaining to the trial-and-error method of medications, and certainly eliminating unnecessary healthcare spending. With sequencing being the primitive pivotal step involved in biomarker study and in the field of genetics, the development of the sequencing technologies played a crucial role in the evolution of molecular forensics.

Further remarkable advancements in the field of genomics, proteomics, molecular biology, data analytics, and technical engineering have paved the way for the development of advanced NGS-based technologies, such as SNP and STR sequencing. The impressive research on molecular technologies and biomarkers using NGS has unlocked pathways for the development of momentous various procedures such as mtDNA sequencing.

The growing demand for non-invasive diagnostic procedures enabling genetic profiling has further enhanced the requirement of NGS technologies. Acknowledging the future potential for massive growth in demand for non-invasive diagnostic procedures, several biotechnology companies such as Illumina, Inc., Thermo Fisher Scientific, and Agilent Technologies, Inc. have invested substantially to aid further developments in forensics technologies.

Key Companies in the Molecular Forensics Market

The key manufacturers who have been contributing significantly to the molecular forensics market include Agilent Technologies, Inc., Illumina, Inc., QIAGEN N.V., Bio-Rad Laboratories, Inc., Promega Corporation, Eurofins Scientific SE, General Electric Company, Merck KGaA, LGC Limited, and Thermo Fisher Scientific Inc. among others.

Key Questions Answered in this Report

Key Topics Covered

Executive Summary

1 Research Scope and Methodology1.1 Scope of the Study1.2 Research Methodology1.3 Data Sources1.4 Assumptions and Limitations1.5 Data and Prediction Modeling

2 Market Overview2.1 Introduction2.2 Molecular Forensics Technologies and Applications2.3 Market Available for Molecular Forensics2.4 Molecular Forensics Technology Trends2.5 Regulations and Compliances

3 Competitive Landscape3.1 Mergers and Acquisitions3.2 Product Launches and Product Updates3.3 Synergistic Activities3.4 Business Expansion Activities and Others

4 Market Dynamics4.1 Overview4.2 Impact Analysis4.3 Market Drivers4.3.1 Augmentation in the Incidences of Crime4.3.2 Growth in the Biomarker Identification Market and Advancements in Molecular Forensics Techniques4.3.3 Technological Advancements in the Field of Computational Biology4.3.4 Significant External Funding for Executing Research and Development Exercises4.4 Market Restraints4.4.1 Lack of High Complexity Testing Centers4.4.2 Expensive Sequencing Procedures and Their Applications in Medical Treatments4.4.3 High Capital Requirement Hampering the Expansion of Global Reach4.5 Market Opportunities4.5.1 Massive Scope for Adoption of NGS and Capillary Electrophoresis in Emerging Nations4.5.2 Technological Advancements in Molecular Techniques and Diagnostic Tests4.5.3 Hybridization of Technologies

5 Global Molecular Forensics Market (By Product)5.1 Overview5.2 Kits and Consumables5.3 Instruments5.4 Software and Other Products

6 Global Molecular Forensics Market (By Technology)6.1 Overview6.2 Polymerase Chain Reaction (PCR)6.2.1 Real-time PCR (q-PCR)6.2.2 Digital PCR (d-PCR)6.3 Capillary Electrophoresis6.4 NGS6.4.1 SNP and STR Sequencing6.4.2 mtDNA Sequencing6.5 Mass Spectrometry6.5.1 MS6.5.2 Tandem MS6.5.3 MS-FTIR6.6 Other Technologies

7 Global Molecular Forensics Market (By Application)7.1 Overview7.2 Radioactive Toxicology7.3 Nucleic Acid Analysis7.4 Forensic Databasing7.5 Microbial Forensics7.6 Other Applications

8 Global Molecular Forensics Market, By End User8.1 Overview8.2 Law Enforcement8.3 Disaster Management8.4 Hospitals and Healthcare Providers8.5 Other End Users

9 Global Molecular Forensics Market, By Region9.1 Overview9.2 North America9.3 Europe9.4 Asia-Pacific9.5 Latin America9.6 Rest-of-the-World

10 Company Profiles10.1 Overview10.2 Agilent Technologies, Inc.10.3 Analytik Jena AG10.4 AS ONE International, Inc.10.5 BioChain Institute Inc.10.6 Bio-Rad Laboratories, Inc.10.7 Eurofins Scientific SE10.8 General Electric Company10.9 Illumina, Inc.10.10 LGC Limited10.11 MACHEREY-NAGEL GmbH & Co KG10.12 Merck KGaA10.13 Promega Corporation10.14 QIAGEN N.V.10.15 Thermo Fisher Scientific Inc.10.16 Verogen, Inc.

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Molecular Forensics World Markets to 2029 - Massive Scope for Adoption of NGS & Capillary Electrophoresis in Emerging Nations - P&T Community

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