Press release
Human Identification Market to Hit US$ 3,900.24 Mn by 2028
Human Identification is a brand of science deals with the analysis of genetics materials which helps in the identification of an individual on basis of genetics. Human identification has various applications in the field of forensics, paternity test and others.The human identification market is projected to grow from US$ 1,827.02 million in 2021 to US$ 3,900.24 million by 2028 at a CAGR of 11.4% between 2021 and 2028.
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The human identification market is majorly comprised of top players involving THERMO FISHER SCIENTIFIC INC.; Promega Corporation; Bio-Rad Laboratories, Inc.; QIAGEN; General Electric Company; llumina, Inc.; Eurofins Scientific; Agilent Technologies, Inc.; Hamilton Company; and LGC Limited.
The government initiatives for forensic programs and the novel sampling methods and portable equipment supporting DNA phenotyping, immunochromatography, geolocation, and other advanced forensic techniques are contributing to the human identification market growth. However, the high cost associated with instruments used in genomic studies restrain the human identification market growth.
As the crisis moved forward, healthcare professionals realized that developing novel therapies using innovative technologies was essential to mitigate this unprecedented crisis.
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The treatment against COVID 19 has been established. Hence, the lack of definitive therapy offers significant opportunities for the genome editing-related market as US FDA has recently approved the use of plasma therapy for critically ill COVID 19 patients. upcoming stem cell therapies to boost patients' immune systems and eliminate the virus will offer significant growth prospects for the market. For instance, Lattice Biologics, in collaboration with Alumina Partners, has been accelerating phase 1 clinical trials for its stem cell-based AminioBoost therapies of COVID-19. Moreover, the mRNA-based vaccines against the COVID19 have been given emergency use authorization by the regulatory agencies in the region. The active involvement of the government and the associated market players in exploring opportunities for genome editing-related products and services is expected to drive such developments which will add to the future demand for the human identification market in the forecast period.
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