CHICAGO, April 16,
2024 /PRNewswire/ -- Human Identification
Market in terms of revenue was estimated to be worth
$0.8 billion in 2024 and is poised to
reach $1.3 billion by 2029, growing
at a CAGR of 10.7% from 2024 to 2029 according to a new report by
MarketsandMarkets™.
In recent years, there has been substantial growth in the human
identification market, driven primarily by the increasing
public-private investments in the forensic science industry, and
rising awareness of DNA testing technology and its application
among forensic experts. Human identification is widely used in
forensics, paternity testing, disaster victim identification, and
anthropology, among other applications, with DNA analysis/profiling
being a key tool in this sector. However, high cost of forensic
tools and services may restrain the growth of human identification
market during forecast period.
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Browse in-depth TOC on "Human Identification
Market"
262 - Tables
42 - Figures
242
- Pages
Human Identification Market Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$0.8 billion
|
Estimated Value by
2029
|
$1.3 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 10.7%
|
Market Size Available
for
|
2022–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Product, technology,
application and end user
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Latin America, the Middle East & Africa, and GCC
countries
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Increasing investments
and funding for forensic research
|
Key Market
Drivers
|
Rise in crime
rates
|
In 2023, the consumables segment held the largest share of
the human identification market by product segment.
Based on product, the human identification market has been
segmented into consumables, instruments, and software. The
consumables segment dominated the human identification market in
2023 due to repetitive and bulk purchase nature of the product.
Major players in this segment include Thermo Fisher Scientific Inc.
(US), QIAGEN N.V. (Netherlands),
and Promega Corporation (US).
The forensics segment held the largest share of the human
identification market by application segment in 2023.
Based on applications, the human identification market is
segmented into forensics, paternity testing, and other applications
(disaster victim identification, population genetics,
identification of crimes related to human trafficking, and
anthropology applications). In 2023, the largest share of the human
identification market was held by the forensics segment. Rising
crime rates in various countries across the globe and several
players launching products and services for forensic application to
drive the growth of this market.
North America is the largest
regional market for human identification market.
The market for human identification has been divided into six
key geographical regions, namely North
America, Europe,
Asia Pacific, Latin America, the Middle East & Africa, and GCC countries. In 2023,
North America held the predominant
portion of the human identification market. The growth in the North
American human identification market is driven by increasing
public-private investments in the forensic science industry, rising
awareness of DNA testing technology and its application among
forensic experts, growing technological advancements in forensic
equipment, and the presence of major market players in the region
coupled with the growing commercialization of forensic
equipment.
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Human Identification Market Dynamics:
Drivers:
- Rise in crime rates
Restraints:
- High cost of forensic analysis instruments
Opportunities:
- Increasing investments and funding for forensic research
Challenge:
- Shortage of skilled professionals
Key Market Players of Human Identification
Industry:
The major players operating in human identification market are
Thermo Fisher Scientific Inc. (US), QIAGEN N.V. (Netherlands), Promega Corporation (US),
Hamilton Company (US), FUJIFILM Wako Pure Chemical Corporation
(Japan), ANDE (US), AutoGen Inc. (US), InnoGenomics
Technologies, LLC (US), Oxford Nanopore Technologies Plc (UK), Bode
Cellmark Forensics Inc. (US), Carolina Biological Supply (US),
Genetek Biopharma GmbH (Germany),
STRmix Limited (New Zealand),
Ningbo HEALTH Gene Technologies Co., Ltd. (China), SoftGenetics (US), JusticeTrax (US),
Geno Technology, Inc.(US), Bio-Rad Laboratories, Inc. (US),
Complete Genomics (US), Bioneer Corporation (Republic of Korea),
Abnova Corporation (Taiwan), and
ZEISS (Germany).
The break-up of the profile of primary participants in the
human identification market:
- By Company Type: Tier 1 - 48%, Tier 2 - 36%, and Tier 3 –
16%
- By Designation: C-level - 14%, D-level - 10%, and Others -
76%
- By Region: North America -
40%, Europe - 32%, Asia Pacific - 20%, Rest of the World –
8%
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Human Identification Market - Key Benefits of Buying the
Report:
The report will help the market leaders/new entrants in this
market with information on the closest approximations of the
revenue numbers for the overall human identification market and the
subsegments. This report will help stakeholders understand the
competitive landscape and gain more insights to position their
businesses better and plan suitable go-to-market strategies. The
report also helps stakeholders understand the pulse of the market
and provides them with information on key market drivers,
restraints, opportunities, and challenges.
The report provides insights on the following
pointers:
- Analysis of key drivers (Government inititiatives for forensic
programs, increasing demand for paternity testing, rise in crime
rates, backlog in criminal cases, market expansion initiatives by
key players, rising awareness among investigators about role of DNA
profiling in criminology), restraints (high cost of forensic tools
and services), opportunities (Emerging markets offer lucrative
growth opportunities, increasing investments and funding for
forensic research, use of rapid DNA technology in forensic
science), and challenges (shortage of skilled professionals)
influencing the growth of the human identification market.
- Product Development/Innovation: Detailed insights on upcoming
technologies, research & development activities, and new
product launches in the human identification market.
- Market Development: Comprehensive information about lucrative
markets – the report analyses the human identification market
across varied regions.
- Market Diversification: Exhaustive information about new
products, untapped geographies, recent developments, and
investments in the human identification market
- Competitive Assessment: In-depth assessment of market shares,
growth strategies, product offerings of leading players like Thermo
Fisher Scientific Inc. (US), QIAGEN N.V. (Netherlands), and Promega Corporation
(US).
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