DNA Forensic Industry Market Size, Share, Growth, Trends, and Global Industry Analysis: By Solution (Kits, Analyzers & sequencers, Software, Consumables), By Method (Capillary electrophoresis (CE), Next generation sequencing (NGS), PCR amplification, Others), By Application (Criminal testing, Paternity & familial testing) and Region

DNA Forensic Industry Market was valued at US$ 3712.9 million in 2022 and is poised to grow at a CAGR of 17.8% from 2023-2029. Pharmacogenetics, biodefense & bio surveillance, judicial/law enforcement, others are the major application segment for DNA forensic industry. Judicial/law enforcement is one of the major application for this market. Creation of DNA databases is a constant effort taken by government authorities worldwide which has up surged the segment growth. Implementation of other widespread techniques that consents lab technicians to collect information from DNA samples at a marginal cost and time further accelerates the segment growth. With the increasing incidence of terrorist attacks through bioweapons has created a market position for biodefense & bio-surveillance. This segment is expected to grow at a continuous CAGR in the near future. Widespread occurrence of sudden diseases caused by naturally occurring pathogens are responsible for millions of deaths every year, which poses an enormous impact on the global economy, thereby augmenting the market growth. Key players in DNA forensic industry market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others.