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Forensic Technologies Market Powered by the Trend of DNA Profiling

10-04-2023 11:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Forensic Technologies Market Powered by the Trend of DNA

The forensic technologies market was valued at USD 16.4 billion (E) in 2023, and it will reach USD 43.7 billion by 2030, at a rate of 15% by the end of this decade. This expansion is because of the mounting rate of crime worldwide, incessant progressions in forensic techniques, and growing count of forensic labs.

Moreover, the rising awareness with regards to DNA testing in paternity/maternity disagreements is playing an important role in the market growth.

A prominent trend is the growing acceptance of DNA profiling. DNA testing can come in handy in solving crime cases by easily identifying the victims and criminals

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The DNA can be extracted from various tissues, and body parts for example hair, skin, fingernails, saliva, teeth, semen, blood, and mucus. DNA sampling is frequently the initial step in the identification of Jane and John Does, so that the remaining investigation can be introduced.

This tech is also valuable for establishing the identity of alive people, when they are missing, because of trafficking. For example, according to the International Commission on Missing Persons, 36 million people globally are trafficked. Upon their location, their identities are required to be established, so they can be sent home with safety.

The DNA testing category, on the basis of services, will hold the largest share by the end of this decade. DNA testing is an important instrument in criminal investigations and is used for the identification of individuals. In murder cases, this plays an important role in establishing the individuality of the dead and the culprit from their body tissues, which are left on the scene.

North America forensic technologies market is leading the way, chiefly as a result of the widespread acceptance of these technologies by law enforcement administrations and the existence of major players.

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The regional industry is on the rise because of the growing crime rate, chiefly in Tennessee, New Mexico, and Alaska, and the necessity for front-line solutions to combat them. The growing usage of DNA analysis in criminal investigations is an additional factor powering the industry.

APAC will have the fastest growth because of the growing crime rate in Japan, India, and China and the emphasis of the government on strengthening their law enforcement agencies with cutting-edge forensic analysis competences. The capture of 6.4 million pills of methamphetamine in Thailand in June 2023 is a grey reminder of the persistent trade of illegal drugs from the ill-famed Golden Triangle despite international and local regulations for combatting it.

The increasing crime rate, all over the world is directly proportional to the growing requirement for forensic technologies.

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About P&S Intelligence

P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.

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