Industry Analysis & Industry Trends
In the five years to 2012, revenue for the DNA and DNA Forensic Laboratories industry grew robustly in the five years to 2012. The industry is composed of major companies like Orchid Cellmark and Laboratory Corporation. The industry has benefited from rapid technology improvements that have boosted efficiency, therefore increasing price-based competition. In the five years to 2017, revenue is expected to slow (as compared with the previous five years). The industry is marked by expansion, as firms open to take advantage of the industry's high profit margins.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The DNA and DNA Forensic Laboratories industry is in the growth stage of its industry life cycle. IBISWorld estimates that the industry's contribution to the overall economy, as measured by industry value added (IVA), will grow at an annualized rate of 9.6% in the 10 years to 2017. By comparison, the US economy is expected to grow 1.8% per year on average during the same period.
In spite of some consolidation among existing operators, the number of firms operating in this industry is expected to increase over the next five years, largely due to the industry's high profit margins. In the five years to 2017, the number of industry enterprises is expected to increase at an average rate of 2.0% per year to 141 firms... purchase to read more