Industry Analysis & Industry Trends
In the five years to 2014, 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 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 10.3% in the 10 years to 2019. By comparison, the US economy is expected to grow 2.5% 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 ten years to 2019, the number of industry enterprises is expected to increase at an average rate of 1.9% per year to 144 firms... purchase to read more