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Next Generation Sequencing, Rapid DNA Analysis and Emerging Economies in Asia (Japan, China, Singapore, and India) are the New Revenue Pockets for the Human Identification Market
Across the globe, human identification market is witnessing significant growth, due to factors such as rising need to reduce time and cost of DNA analysis, support from the government in the form of funding, rapid technological innovations, and awareness conferences and symposiums on new technologies in DNA profiling.
U.S. government is taking efforts to expand its national DNA database, which is likely to drive the market growth. The key players are focusing on providing innovative products which will lead to less DNA analysis time, at a low cost. With this view, the companies are focusing on partnerships, collaborations, new product launches, and acquisitions to attain leadership position in the market.
Human identification technology market include polymerase chain reaction (PCR), automated liquid handling, capillary electrophoresis, next generation sequencing, nucleic acid purification and extraction, rapid DNA analysis, and microarray technologies. The next generation sequencing (NGS) and rapid DNA analysis technology showcases a lucrative growth potential and represent the new revenue pockets. High growth in these markets can be attributed to decreasing costs of instruments, improved turnaround time in DNA analysis, and continuous advancements in technology.
In the coming five years, growth in the human identification market is likely to be centered at Taiwan, China, Singapore, India, Japan, and Malaysia. This growth can be attributed to large number of natural disasters taking place; also many conferences and workshops related to forensics and DNA profiling are being conducted to spread awareness among people. Furthermore, foreign countries are supporting the Asian countries to enhance their forensics and DNA profiling services. In this regard, in August 2011, Federal Bureau of Investigation (FBI) (U.S.) and Indian Ministry of Home Affairs organized a two-week seminar for increasing the collaboration between forensic science laboratories and training centers of both the nation. Furthermore, in June 2013, U.S. government granted $2.1 million to Sri Lanka for setting up DNA crime laboratory with high end instruments. Such initiatives will aid the Asian countries to grow in human identification market.
Human Identification Market by Technology (Next Generation Sequencing, Rapid DNA Analysis, Capillary Electrophoresis, PCR), Application (Forensics, Paternity Testing), DNA Amplification, Quantification, Extraction, Services, & Software - Forecast to 2018
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