
Asia Pacific Human Identification Market
No. of Pages: 176 | Report Code: BMIRE00025625 | Category: Life Sciences
No. of Pages: 176 | Report Code: BMIRE00025625 | Category: Life Sciences
The growing support from governments, rising number of public–private partnerships, and increasing number of funding plans are enhancing the growth of the medical devices industry in Asia Pacific. In addition, countries in the regions present vital growth opportunities for this industry due to the ever-increasing population and large geriatric population. According to the Organization for Economic Co-operation and Development (OECD), in 2019, China was the leading spender on healthcare research and development. Such heavy investments in the development of the healthcare sector support the adoption of advanced technologies in this sector. Governments of several countries in Asia offer tax incentives, cheaper land, incubators and other instrument aids, and direct investments to encourage the local medical devices companies to expand their abilities and capacities. Countries, including Malaysia, Taiwan, Singapore, India, China, and Japan, have proven to be the most favorable destinations for the medical devices industry player to establish and expand their businesses.
Several Asian governments have expressed interest in forensic research, and the development and production of human identification products. In March 2013, the Taiwanese government invested US$ 3 million to speed up equipment procurement projects for its forensic laboratories, among other ongoing programs in the country. Further, the Indian government plans to develop a national criminal DNA fingerprint database. The development of such a database will require high-end instruments and consumables, which is expected to boost the demand for human identification products in the coming years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the human identification market growth at a notable CAGR during the forecast period.
The Asia Pacific human identification market is segmented on the basis of product and service, technology, application, end user, and country. Based on product and service, the market is segmented into consumables, services, instruments, and software. The market for the consumables segment is sub segmented into electrophoresis kits and reagents, DNA amplification kits and reagents, DNA quantification kits and reagents, DNA extraction kits and reagents, and rapid DNA analysis kits and reagents. By technology, the Asia Pacific human identification market is segmented into capillary electrophoresis, polymerase chain reaction, nucleic acid purification and extraction, automated liquid handling, microarrays, next-generation sequencing, and rapid DNA analysis. Based on application, the market is segmented into forensic applications, paternity identification, and other applications. Based on end user, the market is segmented into forensic laboratories, research and academic centres, and government institutes. Based on country, the Asia Pacific human identification market is segmented into the China, Japan, India, South Korea, Australia, and Rest of Asia Pacific.
Asia Pacific Human Identification Market—Companies Mentioned
THERMO FISHER SCIENTIFIC INC.; Promega Corporation; Bio-Rad Laboratories, Inc.; QIAGEN; General Electric Company; Illumina, Inc.; Eurofins Scientific; Agilent Technologies, Inc.; Hamilton Company; and LGC Limited are a few major companies operating in the Asia Pacific human identification market.
Strategic insights for the Asia Pacific Human Identification provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 372.89 Million |
Market Size by 2028 | US$ 825.29 Million |
Global CAGR (2021 - 2028) | 12.0% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Product and Service
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
The geographic scope of the Asia Pacific Human Identification refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Asia Pacific Human Identification Market is valued at US$ 372.89 Million in 2021, it is projected to reach US$ 825.29 Million by 2028.
As per our report Asia Pacific Human Identification Market, the market size is valued at US$ 372.89 Million in 2021, projecting it to reach US$ 825.29 Million by 2028. This translates to a CAGR of approximately 12.0% during the forecast period.
The Asia Pacific Human Identification Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Human Identification Market report:
The Asia Pacific Human Identification Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Human Identification Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Human Identification Market value chain can benefit from the information contained in a comprehensive market report.