Biotechnology

Evolving Sophistication in Crime to Create Opportunities for Growth of Global Forensic Technologies Market

Used for the identification, examination, and evaluation of physical evidence gathered from a crime scene, forensic technologies are highly sought in the defense and the homeland security sectors. At an exceptional growth rate of 12.40% during the period from 2013 to 2019, the demand for these technologies are likely to register a strong growth over the next few years. According to Transparency Market Research (TMR), the opportunity in the global market for forensic technologies to expand from US$8.3 bn in 2012 to a value of US$17.6 bn by the end of 2019.

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In this blog post, TMR analysts answer significant queries about the worldwide market for forensic technologies:

What factors will shape the future of the global forensic technologies market?

Predominantly, the escalating crime rate, coupled with the sophistication of crime, has the most prominent influence on the global market for forensic technologies. Over the years, the sophistication of crime has evolved drastically.  The prevalence and supply of illicit drugs have increased to great extent. Nowadays, almost every week, a novel type of illicit drug is synthesized, creating severe issues for experts in the examination of the evidence. Due to this scenario, developers of forensic technologies are being exposed to a whole new set of promising opportunities, which is likely to boost the market substantially in the long run.

On the flip side, the decline in the government expenditure on forensic services in almost all economies will reflect negatively on this market over the next few years. However, the impact of this factor will not be much strong as the demand for these technologies will largely be unaffected in the near future.

Which of the regional market will take the lead in the coming years?

North America, which is the leading contributor to the global market for forensic technologies, will retain its position in the forthcoming years; however, its share in the overall market will decline sharply.

Asia Pacific, on the other hand, will gain significant momentum in the next few years. DNA profiling, specifically, will witness a remarkable rise in the demand over the years to come. The untapped status of this region is alluring key market players, which are increasingly engaging into partnerships, mergers, and acquisitions with local participants.

What are the most favored strategies among leading players?

For business development, leading companies are relying on advancements in technologies. Recently, Bio-Rad, a global leader in forensic technologies, introduced Prime PCR probe assays for quantitative amplification. These new assays are to be utilized in qPCR gene expression analysis for human genomes. With this addition to their product portfolio, the company hopes to expand its client base.

Other prominent players in this market are GE Healthcare Life Sciences, SPEX Forensics, Pyramidal Technologies Ltd., Eurofins Medigenomix Gmbh, LGC Forensics, and NMS Labs Inc.

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About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Global Segmentation: Stem Cells Market, By Application & Treatment Type 2024

The competitive landscape of the stem cells market is characterized by the rivalry between the leading participants, finds a report recently published by Transparency Market Research (TMR). The top players, namely, STEMCELL Technologies Inc., Advanced Cell Technology Inc., BioTime Inc., Cellular Engineering Technologies Inc., and Cellartis AB are engaged in extensive research activities, which has intensified the rivalry between them. With the increasing technological advancement of products, the competition is likely to intensify further over the next few years.

According to TMR, the worldwide market for stem cells, which reached a value of US$62.2 bn in 2015, is likely to expand at an exponential CAGR of 24.20% between 2012 and 2018 and present a whopping opportunity worth US$119.5 bn by the end of the forecast period. Currently, adult stem cells report a higher demand than other stem cells and will continue to do so over the forecast period. Analysts predict the revenue generated from adult stem cells to reach US$103.8 bn by 2018.

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North America to Continue Leading Demand for Stem Cells

The study also presents an evaluation of the global stem cells market on the geographical basis. North America, Asia, Europe, and the Rest of the World have been identified as the main geographical segments of this market in this report. North America has been leading the demand for stem cells due to the increased prevalence of cardiovascular and neurological disorders in this region.

Over the forecast period, North America is likely to remain dominant and offer an opportunity worth US$71.7 bn by 2012. Asia is also expected to register strong growth in the demand for stem cells due to the swift rise in medical tourism and contract research outsourcing during the forecast period, notes the study.

Growing Awareness Level among Consumers Regarding Benefits of Stem Cells to Boost Demand

“The growing awareness level among consumers regarding the benefits stem cells offer in the treatment of various diseases, such as cancer, is boosting their popularity across the world,” says the author of this study.

Besides this, the rising government support to increase research activities in the field of stem cell has also emerged as an important factor behind the growth of this market. For instance, the surge in the Federal funding for the research of stem cells, after the bans were lifted from embryonic stem cells research in 2009, is likely to boost the market in the U.S. in the coming years. Similarly, the Europe market is expected to be propelled by the increasing involvement of government as well as private organizations to support research activities in stem cells.

Implementation of Stringent Government Norms Regarding Stem Cell Harvesting to Hamper Market’s Growth

While the market is witnessing lucrative growth prospects, the implementation of stringent government norms pertaining to the harvesting of stem cells is projected to limit their application substantially in the near future. Apart from this, treatments that apply stem cells are extremely expensive, which also is projected to hinder their adoption rate over the next few years, reflecting negatively on the overall growth of this market, states the research report.

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About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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Genotyping Analysis Services Market – Global Analysis and Industry Forecast

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Genotyping Analysis Services Market“. This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.An individual’s genetic makeup is determined by DNA sequences comprising varied combinations of nucleotides namely, adenine, thymine, cytosine, and guanine. Alterations of the genetic code and consequent undesirable traits or disease conditions can occur due to variation in these DNA sequences. Genotyping helps determine differences in the individual’s genetic makeup wherein the individuals DNA sequence is examined using biological assays and is compared to another individuals DNA sequence or a reference sequence.

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Genotyping analysis plays an important role in research of genes and gene variants associated with disease. Single nucleotide polymorphisms (SNPs) are the most common form of variation which occurs on change in single nucleotide in the genome sequence. SNP genotyping is rapidly growing as a useful tool in many scientific disciplines including personalized medicine, plant and animal biotechnology.

The various methods used for genotyping analysis include polymerase chain reaction (PCR), amplified fragment length polymorphism detection (AFLPD), random amplified polymorphic detection (RAPD) of genomic DNA, allele specific oligonucleotide (ASO) probes, DNA sequencing, restriction fragment length polymorphism identification (RFLPI) of genomic DNA, and hybridization to DNA microarrays or beads. Genotyping can be applied to humans as well as microorganisms. Genotyping of viruses or bacteria may help in tracing the origin of outbreak and thus control the spread of pathogens. Genotyping develops and provides innovative technologies that enable multiplex and parallel analysis of biological systems at the cell, protein, and gene level, facilitating the rapid translation of results into biology for a better world. Genotyping researchers face major challenge in studying rare variants most effectively. Whole-genome sequencing is preferred by some for studying rare variants, however often it is too slow and too expensive while microarrays are more cost-effective and allow for higher-throughput.

The global genotyping analysis services market is segmented based on various services provided by the key players. These companies provide diverse portfolio of genotyping analysis service offerings such as human whole genome sequencing services, microarray services, long read sequencing services, certified service provider program and other services such as core lab program, service partnerships, analysis and data management solutions as custom array service, whole genome services and genome-wide genotyping services. Growing demand from pharmacogenomics, diagnostic research and animal breeding are some of the factors driving the market growth. Developing as well as developed countries are expected to witness increasing demand for genotyping services that are within the reach of a common man, since people want to understand their genetic make-up in terms of aesthetic awareness in terms of height, weight, obesity or for diseases such as diabetes, cancer, cardiovascular and others.

Rising interest in personalized genomic analysis and growing thrust for using rapidly increasing knowledge regarding individual genetic variations to personalize diagnosis as well as treatment is also responsible for driving the growth of the market. However, this direct to consumer model for providing genetic analysis directly to an individual has been posing a problem due to concerns from FDA regulatory agencies about providing health care information directly to non-professionals. Healthcare providers may make it a general practice for routine DNA sequencing on patients thus making it needless for individuals to initiate it themselves.

On the other hand, technological limitation has been a major constrain to the growth of global genotyping analysis services market which leads to determination of only small fraction of an individual’s genotype. Moreover, issues involving intellectual property and ethics will need to be addressed before personalized medicine can become a true reality.

Some of the key service providers in global genotyping analysis market include Affymetrix, Illumina, Harlan Laboratories, Fluidigm, Life Technologies, Sequenome and Roche Diagnostics.

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Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

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