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(MoneyNewsWire.Net, December 01, 2018 ) According to the new market research report "Human Identification Market by Product & Services (Consumables, Instruments, Software), Technology (PCR, Capillary Electrophoresis, NGS, Microarray), Application (Forensic, Paternity Testing), End User (Forensic Laboratories) - Global Forecast to 2022", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities.
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The human identification market is expected to reach USD 1,740.2 Million by 2022 from USD 928.0 Million in 2017, at a CAGR of 13.4%. The government initiatives in forensic programs, focus of market players on expanding their reach and technological advancements are the major factors driving the growth of this market.
Human identification is widely used in forensics, paternity testing, disaster victim identification, and anthropology with DNA analysis/profiling being a key tool in this sector. The global human identification market is expected to reach USD 1740.2 Million by 2022 from USD 928.0 Million in 2017, at a CAGR of 13.4%. Technological advancement, government initiatives for forensic programs, and focus of market players on expanding their reach are the major driving factors for this market.
The human identification market is segmented based on product & service, technology, application, and end user. Based on product & service, the market is segmented into consumables, services, instruments, and software. The consumables segment is expected to account for the largest share of the market in 2017. The growth in this segment is primarily attributed to regular and bulk purchases of consumables coupled with product launches.
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Based on technology, the global market is segmented into polymerase chain reaction (PCR), next-generation sequencing (NGS), capillary electrophoresis, nucleic acid isolation and purification, automated liquid handling, microarrays, and rapid DNA analysis. In 2017, the capillary electrophoresis segment accounted for the largest share of the market. Its high efficiency, faster analysis, and requirement of a small volume of solvents are driving the uptake of this technology in human identification.
On the basis of application, the human identification market is segmented into forensic applications, paternity identification, and other applications.
In 2017, the forensic application segment is expected to account for the largest share of the global market. The increasing crime rate across the globe is one of the major factors driving the growth of this segment.
By end user, the human identification market is segmented into forensic laboratories, research centers, and academic & government institutes. In 2017, the forensic laboratories segment is expected to account for the largest share of the market. The market is mainly driven by the availability of government funding and increasing number of laboratories.
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By region, the human identification market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). The market is dominated by North America, followed by Europe, however, the Asian region is expected to witness the highest growth during the forecast period. Asia is expected to witness the highest CAGR, with the growth in this market centred at Japan, China, and India. The increasing number of conferences and workshops is one of the key factors driving the market in Asia.
Key Players:
Thermo Fisher Scientific Inc. (US), Promega Corporation (US), QIAGEN N.V. (Netherlands), Illumina Inc. (US), and Agilent Technologies Inc. (US) are the top players in this market. These companies have a broad product portfolio with comprehensive features and a strong geographical presence.
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