According to research report the Human Identification Market is experiencing significant growth, with a projected value of USD 1.3 billion by 2029, up from an estimated USD 0.8 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.7% during the forecast period.
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Key Drivers of Market Growth
The human identification market is witnessing substantial expansion due to several critical factors:
- Increased Investments: Growing public and private investments in the forensic science industry are bolstering market growth.
- Advancements in DNA Technology: Rising awareness and advancements in DNA testing technology and its applications among forensic experts are significantly contributing to market demand.
- Diverse Applications: Human identification is crucial in forensics, paternity testing, disaster victim identification, and anthropology, with DNA analysis/profiling being a pivotal tool in these applications.
However, the high cost of forensic tools and services may pose a challenge to market growth during the forecast period.
Market Segmentation
By Product
- Consumables: Dominating the market in 2023, this segment's growth is driven by the repetitive and bulk purchase nature of these products. Major players include Thermo Fisher Scientific Inc. (US), QIAGEN N.V. (Netherlands), and Promega Corporation (US).
- Instruments and Software: These segments are also crucial, providing essential tools and technological support for human identification processes.
By Application
- Forensics: Holding the largest market share in 2023, the forensics segment is driven by rising crime rates globally and the launch of new products and services tailored for forensic applications.
- Paternity Testing and Other Applications: This includes disaster victim identification, population genetics, human trafficking crime identification, and anthropology applications.
Regional Insights
North America
North America emerged as the largest regional market in 2023, driven by:
- Investments: Increased public-private investments in forensic sciences.
- Technological Advancements: Significant technological progress in forensic equipment.
- Major Players: Presence of key market players and the commercialization of advanced forensic equipment.
- Awareness: Growing awareness of DNA testing technology and its applications among forensic experts.
Other key regions include Europe, Asia Pacific, Latin America, the Middle East Africa, and GCC countries, each contributing to the market's dynamic landscape.
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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).
Related News:
https://www.prnewswire.com/news-releases/human-identification-market-worth-1-3-billion--marketsandmarkets-302117817.html
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