Human Identification Market by Product & Services, Technology, Application, End User - Global Forecast to 2022
NEW YORK, Sept. 26, 2017 /PRNewswire/ -- "Human identification market projected to grow at a CAGR of 13.4%"
The human identification market was valued at USD 928.0 million in 2017 and expected to grow at a CAGR of 13.4% to reach USD 1740.2 million in 2022. Factors such as technological advancements and government initiatives for forensic programs are driving this market.
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"The next-generation sequencing segment is expected to register the highest CAGR during the forecast period"
On the basis of technology, the human identification market is classified into PCR, NGS, capillary electrophoresis, nucleic acid isolation and purification, automated liquid handling, microarrays, and rapid DNA analysis. The NGS technology segment is expected to register the highest growth rate during the forecast period. The growth of this market segment is mainly driven by technological advancements and product launches.
"The assay kits and reagent segment to grow at the fastest rate during the forecast period"
By consumable type, the human identification market is segmented into assay kits & reagents and other consumables. The assay kits and reagents segment is expected to register highest CAGR during the forecast period. Regular and bulk purchases of assay kits coupled with the launch of new assay kits and reagents are expected to drive the growth of this market segment in the coming years.
"North America to hold the largest share and Asia is projected to be the fastest-growing regional market during the forecast period"
Geographically, the human identification market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). North America is expected to command the largest share of the human identification market. The large share of this segment can be attributed to the growing support for the development of forensics and increasing partnerships between universities in this region. The Asian region is estimated to grow at the fastest rate which can be attributed to increasing number of conferences and workshops.
The primary interviews conducted for this report can be categorized as follows:
• By Company Type - Tier 1 – 70% and Tier 2 – 30%
• By Designation – C-level – 62%, Director Level – 21%, Others – 17%
• By Region – North America – 50%, Europe – 20%, Asia – 30%
Key players operating in the human identification market include Thermo Fisher Scientific Inc. (US), QIAGEN N.V. (Netherlands), Promega Corporation (US), Agilent Technologies Inc. (US), General Electric Company (GE Healthcare) (US), Laboratory Corporation of America Holdings (US), Illumina, Inc. (US), LGC Limited (US), Eurofins Scientific (Luxembourg), NMS Labs Inc. (US), IntegenX Inc. (US), Hamilton Company (US), PerkinElmer, Inc. (US), Bio-Rad Laboratories, Inc. (US), Alere (US), Tecan Trading AG (Switzerland), Ciro Manufacturing Corporation (US), Key Forensic Services Limited (UK), Sorenson Forensics (US), Parseq Lab s.r.o. (Czech Republic), DNA Diagnostics Center (US), PT&C Forensic Consulting Services P.A. (Envista Forensics) (UK), InnoGenomics Technologies, LLC. (US), Trinity DNA Solutions (US), and Genex Diagnostics, Inc. (US).
Research Coverage:
The report analyses the human identification market by product & service, technology, application, end user, and region. Apart from a comprehensive geographic product analysis and market sizing, the report also provides the competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the report analyses developments and strategies adopted by key players to maintain and increase their shares in the market. The above-mentioned market research data, market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions to be successful in the market.
Benefits of Buying this Report:
This report will enable both established firms as well as new entrants/smaller firms gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the five strategies mentioned below to strengthen their market shares.
The report provides insights on the following strategies:
• Market Penetration: The report analyzes the human identification market by product & service, technology, application, and end user
• Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the human identification market
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various human identification product across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the human identification market
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