Market Definition
By analyzing DNA samples, forensic investigators can identify a specific person using the technique of human identification. This method aids in finding the remnants of traces left at the scene of an accident or criminal activity. The human identification process is predicated on the ability to discern between ridges on the suspect’s fingers. Every person has distinct ridge forms and classifications on their bodies. In forensics, this idea is applied along with DNA, blood, hair, skin, and semen examination. Additionally, dental samples are gathered.
Market Outlook
One of the main factors fueling the market’s expansion is the increased demand for DNA testing due to the global increase in crime rates. Accordingly, human identification is frequently utilised in forensics, disaster victim identification, and anthropology to weed out people who are incorrectly linked to crimes and divert resources to more fruitful lines of inquiry. Additionally, a number of technical developments, including the fusion of artificial intelligence (AI) and machine learning (ML), are boosting market growth by assisting in mapping and recording facial features, acquiring high-quality source samples, and enhancing system efficiency. Capillary electrophoresis (CE) and massively parallel sequencing (MPS) approaches for human identification in forensic and paternity tests have also been improved by recent advances in sequencing technology.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
Based on the product, it is segmented into instruments, assay kits & reagents, and software. The assay kit & reagent segment is anticipated to dominate the market during the forecast period. Regular and bulk products of assay kits coupled with the launch of new assay kits and reagents are expected to boost the growth of the market.
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Major Players
The major players studied in the report are Thermo Fisher Scientific Inc., Qiagen N.V., Promega Corporation, Agilent Technologies, Inc., General Electric Company (GE Healthcare), Illumina Inc., LGC Limited, NMS Labs Inc., Laboratory Corporation of America Holdings, Eurofins Scientific, Hamilton Company, and Integenx Inc. among others.
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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