Industry Analysis & Industry Trends
DNA Test Kit Manufacturing is a relatively young industry with numerous opportunities for new applications. Recent developments have driven growth since 2007 and have helped defend against the economic downturn. New product development, a favorable regulatory environment and demographic trends have largely driven growth in industry revenue. The favorable regulatory environment is not forecast to persist, though, which may cause costs to rise and profit margins to suffer. Furthermore, the constitutionality of forensic DNA testing prior to conviction will face further challenges in upcoming years.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years to 2017, industry value added (IVA), which measures an industry's contribution to GDP, is expected to follow overall economic growth. IVA is forecast to grow at an average annual rate of 2.2% per year over the period compared with average GDP growth of 2.1%. These comparable shares indicate that the industry is in the mature stage of its life cycle.
The DNA Test Kit Manufacturing industry is relatively young; the industry only began retailing directly to consumers through drugstores in 2009. The span of product lines continues to increase as new technology is developed, processes are learned and more products commercialized. The industry benefits from a rapid rate of technological change and moderate levels of barriers to entry... purchase to read more