With Market Size Valued at $2.4 Billion by 2026, it`s a Healthy Outlook for the Global Human Identification Market

SAN FRANCISCO, June 27, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Human Identification – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What’s New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies – Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 6; Released: January 2022
Executive Pool: 2789
Companies: 46 – Players covered include Agilent Technologies, Inc.; Eurofins Scientific SE; GE Healthcare; Hamilton Company; Illumina, Inc.; IntegenX, Inc.; Laboratory Corporation of America Holdings (LabCorp); LGC Ltd.; NMS Labs, Inc.; Promega Corporation; Qiagen NV; Thermo Fisher Scientific, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Forensic, Paternity Testing, Other Applications); Product & Services (Consumables, Instruments, Software); Technology (PCR, Capillary Electrophoresis, NGS, Microarray, Nucleic Acid Isolation and Purification, Other Technologies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Human Identification Market to Reach $2.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Human Identification estimated at US$1.2 Billion, is projected to reach a revised size of US$2.4 Billion by 2026, growing at a CAGR of 12.8% over the analysis period. Consumables, one of the segments analyzed in the report, is projected to record a 13.4% CAGR and reach US$1.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Instruments segment is readjusted to a revised 11.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $395.9 Million in 2021, While China is Forecast to Reach $424.2 Million by 2026
The Human Identification market in the U.S. is estimated at US$395.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$424.2 Million by the year 2026 trailing a CAGR of 12.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.3% and 10.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Software Segment to Reach US$407.8 Million by the year 2026
In the global Software segment, USA, Canada, Japan, China and Europe will drive the 12.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$159.9 Million will reach a projected size of US$360.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.