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DNA & DNA Forensic Laboratories in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

DNA & DNA Forensic Laboratories Market Research Report | Life Sciences | Laboratory Services | Mar 2016

All relative: Improved technology and declining costs will foster industry revenue growth

IBISWorld’s DNA & DNA Forensic Laboratories market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
LabCorp LabCorp market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
14.1%
Annual Growth 16-21
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Profit
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Employment
16,847
Businesses
281
Industry Analysis & Industry Trends

In the five years to 2016, the DNA and DNA Forensic Laboratories industry will benefit from improved accessibility and declining prices, which have made DNA testing more affordable and common. Furthermore, the long-term trend of an increasing number of babies being born outside of wedlock has bolstered industry demand for DNA paternity testing. Looking forward, the industry is expected to continue growing, as improved technology will increase industry productivity and revenue. Consistent investment in research and development will also support the industry, as it causes prices to decline.... purchase to read more

Industry Report - Industry Investment Chapter

The DNA Forensics Laboratories industry exhibits a moderate level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that for every $1.00 spent on wages in 2016, $0.12 will be spent on capital. Equipment used in DNA testing laboratories is complex, automated and very expensive; while costs typically vary with quality, firms that wish to ensure testing reliability invest in the most advanced (and, thus, expensive) equipment. However, modern-day DNA testing equipment can process batches of hundreds of samples at a time; with the average cost of a DNA test at about $100, equipment costs can be recouped relatively quickly if a firm generates enough business... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the DNA & DNA Forensic Laboratories Industry?

This industry provides DNA paternity testing, DNA forensic services, veterinary DNA testing, ancestry tracking and other services related to human genetics. It excludes nonprofit, state-funded and state-owned institutions such as public university labs and labs that are owned and operated by law enforcement entities and the court system. Although some operators have multiple patient service centers, the industry is composed of the laboratories to which samples are submitted.

Industry Products
Discretionary paternity testing Legal forensic services Veterinary DNA testing Ancestry and family relationship testing
 
Industry Activities
Paternity testing servicesDNA forensic servicesVeterinary DNA testing servicesAncestry tracking services


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