Global Human Identification Market to Cross USD 1.74 Bn by 2022, Expects M&M in Its New Report Recently Uploaded at MarketPublishers.com06 Oct 2017 • by Natalie Aster
LONDON – In 2017, the world’s human identification market has reached the value of USD 928 million. It is predicted to continue expanding at a robust pace in the coming years, registering growth at a CAGR of appr. 13.4%, fueled by favourable governmental initiatives supporting forensic programs and remarkable technological advancements. By 2022, the value of the human identification market could cross USD 1.74 billion.
Basing on technology, the next-generation sequencing (NGS) sector is projected to witness the highest CAGR between 2017 and 2022, encouraged mainly by ongoing technological progress and new product launches.
On the basis of consumable type, the highest growth rates through 2022 are expected in the assay kits and reagent sector. Growth in this sector will be driven by introduction of new products and also regular and bulk purchases of assay kits.
Regionally, the dominance in the world’s human identification market is held by the North American region; this regional market is predicted to maintain the leading position through 2022, driven by increasing government support and rising partnerships between universities. Meantime, the highest growth rates are anticipated in the APAC human identification market.
New research study “Human Identification Market by Product & Services, Technology, Application, End User - Global Forecast to 2022” prepared by MarketsandMarkets (M&M) gives a comprehensive guide to the human identification market landscape. It presents a detailed coverage of the market performance at different geographical levels, sheds light on the market dynamics with a close look at the major growth influencing factors, offers in-depth insights into the key market sectors (on the basis of products & services, technologies, applications and end users), discusses top trends and touches upon regulative framework. Besides, an insightful overview of promising growth opportunities and major barriers, data on competitive environment and profiles of prominent companies are also at hand in this topical study. Additionally, a future outlook through 2022 is available.
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