The human identification market is expected to reach $6,435.6 million…
Human Identification Market
Human Identification Market Size
Global Human Identification Market Report 2022: Growing Demand for Human Identification Technologies and Technological Advancements in Molecular Techniques
The global human identification market, which generated revenue worth nearly 1.2 (billion USD) in 2018 and is expected to generate revenue worth 3.2 (billion USD) by 2025, growing at a CAGR of 10.23%” – Prakash ToraseSUITE N202, NEW YORK, USA, September 5, 2022 /EINPresswire.com/ — The global human identification market, which generated nearly $1.2 billion in revenue in 2018 and is expected to generate revenue of 3.2 (USD) Trillion) by 2025, is expected to grow at a CAGR of 10.23% during the period 2019 to 2025. The report offers an assessment and analysis of the identification market at global and regional levels. The study offers a comprehensive assessment of industry competition, restraints, revenue estimates, avenues, current and emerging trends, and industry-validated market insights. The report offers historical data from 2015 to 2018 as well as a forecast from 2019 to 2025 based on value (USD billion). Few key players active in the global human identification market are Qiagen NV, Thermo Fisher Scientific Inc., Agilent Technologies. , Inc., Promega Corporation, Illumina Inc., General Electric Company (GE Healthcare), NMS Labs Inc., LGC Limited, Eurofins Scientific, Laboratory Corporation of America Holdings, Integenx Inc. and Hamilton Company.
Technological Improvements Planned to Fuel Global Market Growth
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The global human identification market is expected to witness a substantial expansion over the forecast period owing to the technological developments in the human identification system, growing need to reduce the cost and time of DNA analysis as well than growing government support and initiatives. There are considerable advances in considering the technological aspect of human identification which is extremely important to make the world safer and these methods are widely used in forensics for the recognition of criminals. The major human identification methods include rapid DNA analysis, thereby improving the mode of recognition which is expected to drive the growth of the human identification market.
Global human identification market
Based on Application, Forensic segment expected to witness the highest growth rate
Based on the applications, the forensic segment is expected to show considerable growth rate and hold the largest share in the global human identification market. The key factor fueling segmental growth is the rising crime rate. Human identification is widely used in paternity testing, forensics, anthropology and disaster victim recognition, with DNA profiling/analysis being the main tool in this field. Thus, government programs for forensic programs, technological improvement, and the focus of market competitors on extending their reach are the major factors propelling the growth of the market.
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North America is expected to dominate the global human identification market over the forecast period
The global human identification market is expected to be dominated by North America followed by Europe during the forecast period owing to the financial support provided to forensic science and study by the government . The United States is the major market for human identification, with the developed DNA database serving as a key factor to drive the expansion of the market. In addition, the Asia-Pacific region is expected to witness substantial market growth over the coming years owing to the increasing vigilance in this region regarding forensic technologies. In addition, several nations spend considerable amounts on the human identification market.
Browse Entire “Human Identification Market – By Technology (Next Generation Sequencing (NGS), Polymerase Chain Reaction (PCR), Nucleic Acid Isolation & Purification, Capillary Electrophoresis, Microarrays, Automated DNA Handling liquids and rapid DNA analysis), by product and Services (consumables, software and instruments), by end user (research center, university and government institutes and forensic laboratories), by application (paternity test, medical application -legal and other applications), and by Region – Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025.”
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Market Growth Factors
The massive need for human identification methods in forensics to identify criminals and terrorists will drive the expansion of the human identification market for the foreseeable future. The increase in the number of mergers and acquisitions and the launch of new products will guide the growth of the human identification industry during the assessment period. The technological breakthroughs seen in the biotechnology sector will drive the market trends. Nevertheless, the low availability of qualified people is expected to hamper the expansion of the human identification market in the coming years.
The rest of Europe
South East Asia
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa
Rest of the Middle East and Africa
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