The new report by Expert Market Research titled, ‘Global Short Tandem Repeats (STR) Testing Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global short tandem repeats (STR) testing market, assessing the market based on its segments like kits, end users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 7.1%
The advent of DNA typing and its growing use in the law enforcement agencies for the purpose of investigation and human identification has been driving the short tandem repeats (STR) testing market. The rising cases of accidents, memory loss, and crime rates are anticipated to propel the market growth in the forecast period. Moreover, the rising application of short tandem repeats (STR) testing in neurogenetics is likely to boost the market growth. In terms of region, North America accounts for a significant share in the market owing to the high healthcare expenditure and increasing criminal activities and misidentification.
Industry Definition and Major Segments
The short repeated sequences of DNA, which account for almost 3% of the human genome is known as short tandem repeats (STR). The testing of this DNA sequence from the samples of tissues and cells for identification purpose is defined as the short tandem repeats (STR) testing. STRs are the mainstay of the forensic DNA analysis. Moreover, STR effectively analysis DNA for minute samples efficiently and quickly.
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On the basis of kits, the market can be bifurcated into:
• Y- Short Tandem Repeats Test Kits
• Short Tandem Repeats Test Kits
• Mini- Short Tandem Repeats Test Kits
The market can be broadly classified based on end user into:
• Forensic Laboratories
• Research Institutions
• Others
The regional markets for short tandem repeats (STR) testing include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The key trends in the short tandem repeats (STR) testing market include the robust development of research laboratories and the growing R&D activities in the neurogenetics. The rising demand for short tandem repeats (STR) testing kits in the federal investigation agencies due to the stringent government regulations to accelerate the investigation process is likely to be another major trend in the market. Moreover, the increasing demand for the product for relationship testing and forensic analysis, owing to the high accuracy and reliability of short tandem repeats (STR) testing, will provide impetus to the market. The market will further be aided by the rising cases of Alzheimer’s and various brain disorders.
Key Market Players
The major players in the market are Thermo Fisher Scientific, Promega Corporation, AB Sciex, Independent Forensics, General Electric, and DNA Labs International Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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