NEW YORK, Aug. 25, 2021 /PRNewswire/ —
The DNA forensic solution market has the potential to grow by USD 3.35 billion during 2021-2025. This marks a significant market slowdown compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2021. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 15.02%.
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The DNA forensic solution market is driven by the rising need to curb growing instances of terrorist attacks. In addition, growing innovation in technologies for investigation and investments by vendors in R&D are anticipated to boost the growth of the DNA Forensic Solution Market. However, threat to privacy, the high cost of technologies used for DNA analysis, and strong competition from inexpensive non-DNA technologies may hamper the market growth.
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Major DNA Forensic Solution Companies:
- DNA Solutions Inc.
- M2SYS Technology
- M Vac Systems Inc.
- Agilent Technologies Inc.
- Applied DNA Sciences Inc.
- Eurofins Scientific SE
- General Electric Co.
- Laboratory Corp. of America Holdings
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DNA Forensic Solution Market Application Outlook (Revenue, USD bn, 2020-2025)
- Law enforcement – size and forecast 2020-2025
- Biodefence – size and forecast 2020-2025
- Healthcare – size and forecast 2020-2025
- Physical security – size and forecast 2020-2025
DNA Forensic Solution Market Geography Outlook (Revenue, USD bn, 2020-2025)
- North America – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- Asia – size and forecast 2020-2025
- ROW – size and forecast 2020-2025
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