Human Identification Market: Opportunities and challenges

Posted on 2019-11-11 by MarketsandMarkets in Biotech, Healthcare, Marketing, Pharmaceuticals, Technology // 0 Comments

CITY, Country, 2019-Nov-11 — /EPR Network/ —

The Human Identification Market was valued at USD 818.3 Million in 2016 and expected to grow at a CAGR of 13.4% to reach USD 1740.2 Million in 202, as per a report by MarketsandMarkets.

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How emerging markets offer opportunities as growth hotspots for companies?

Emerging markets such as China, India, Brazil, Argentina, Saudi Arabia, and Mexico are expected to offer significant growth opportunities for market players in the coming years. Governments of various Asian countries have also extended support for the development of human identification products and forensic research. In this regard, in March 2013, the Taiwanese government invested USD 3 million for accelerating its ongoing projects, which also includes projects for the procurement of equipment in its forensic laboratories. Furthermore, the Indian government is planning to develop a national DNA fingerprint database of criminals. The development of such database will require high-end instruments and consumables. This will provide human identification product manufacturers an array of opportunities for investing in the Indian market.

Why shortage of skilled professionals poses a challenge?

The technologies involved in successfully conducting human identification, such as PCR, NGS, and DNA analysis, are complex and require skilled expertise. Consequently, a lack of knowledge or appropriate training can incur direct and indirect expenses and increase the workload and time pressure on researchers. The shortage of trained professionals is a major challenge for this market.

In 2017, according to the Consortium of Forensic Science Organizations, in the US, there is a shortage of forensic pathologists. There are only 37 accredited forensic pathology-training programs, and many of the training positions are unfilled.
A research paper related to NGS, published by the National Center for Biotechnology Information (U.S.) in March 2013, states that the growing demand and increasing adoption of NGS technologies in Australia are emphasizing the need for skilled biologists to handle and analyze NGS data. The research study also states that there is a shortage of bioinformatics training courses in Australia, resulting in a scarcity of skilled trainers.

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