Family ties: Improved technology and declining costs will foster industry revenue growth

Over the five years to 2018, IBISWorld estimates that revenue for the DNA and DNA Forensic Laboratories industry in the United States will grow. Over the past five years, the industry has benefited from improved accessibility and declining prices, which have made DNA testing more affordable and common. Furthermore, the industry has benefited from the long-term trend of an increasing number of babies being born outside of wedlock. High profit margins have caused the number of companies operating in the industry to increase over the past five years. Over the five years to 2023, the industry is expected to continue to benefit from improved technology, which will increase productivity and revenue...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
5.6%
Forecast Growth 18-23
Profit
Employment
17,050
Businesses
1,202
Market Share of Companies

Industry Threats & Opportunities

  • The industry has benefited from an increasing number of babies being born outside of wedlock
  • The accessibility of the industry’s services has boosted industry performance
  • Significant margins are expected to draw more operators into the industry
  • Industry Report - Starting a New Business Chapter

    The DNA and DNA Forensic Laboratories industry in the United States has high barriers to entry. DNA testing requires substantial expertise, both in acquiring, setting up and maintaining expensive lab equipment and in analyzing DNA samples. Access to such expertise is expensive: the average industry wage is an estimated $92,644 in 2018. Acquiring knowledgeable staff is a significant barrier to entry. Another barrier to entry is the rapid technological change in the industry. Lab equipment and testing processes and techniques are constantly evolving, and companies spend heavily on research and development. Additionally, to do business with downstream law enforcement or government agencies, companies must acquire and maintain accreditations. The...purchase to read more.

    Additional Insights for the DNA & DNA Forensic Laboratories Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the DNA & DNA Forensic Laboratories Industry are

  • Having a good reputation
  • Having contacts within key markets
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Research and development expenditure in the DNA & DNA Forensic Laboratories industry impact industry performance..

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    What's in this report

    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 services
  • DNA forensic services
  • Veterinary DNA testing services
  • Ancestry tracking services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Research and development expenditure
  • Number of births
  • Demand from veterinary services

  • Current Performance
  • Number of births in and out of wedlock
  • Industry accessibility causes growth
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Effects of economic growth
  • Efficiency rises as technology improves
  • Table: DNA & DNA Forensic Laboratories Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - DNA & DNA Forensic Laboratories Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Law Firms
  • Veterinary Services
  • Hospitals
  • Consumers

  • Key Selling Industries
  • Glass Product Manufacturing
  • Laboratory Supply Wholesaling
  • Medical Supplies Wholesaling
  • Plastic Pipe & Parts Manufacturing

  • Products & Services
  • Legal forensic services
  • Discretionary paternity testing
  • Ancestry and family relationship testing
  • Veterinary DNA testing
  • Chart: DNA & DNA Forensic Laboratories Industry Products and Services Segmentation

  • Demand Determinants
  • Public sector
  • Private sector

  • Major Markets
  • Consumers
  • Law enforcement, legal and government
  • Hospitals
  • Chart: Major Market Segmentation for the DNA & DNA Forensic Laboratories Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Additional expenses
  • Chart: Cost Structure Benchmarking – Sector vs DNA & DNA Forensic Laboratories

  • Basis of Competition
  • Public sector
  • Private sector

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the DNA & DNA Forensic Laboratories Industry

  • Industry Globalization
    Laboratory Corporation of America Holdings,
  • Table: Laboratory Corporation of America Holdings - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the DNA & DNA Forensic Laboratories Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the DNA & DNA Forensic Laboratories Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Research and development expenditure (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Buccal Swab
  • A noninvasive way to collect DNA from the inside of a person's cheek.
  • Combined Dna Index System (Codis)
  • A DNA database funded by the FBI that stores DNA profiles created by forensic crime laboratories.
  • Dna Profile
  • An encrypted set of numbers that reflects a person's DNA makeup and can be used as their identifier.
  • Grandparentage Test
  • Test that is used to verify the biological relationship between grandparents and grandchildren.
  • Siblingship Test
  • Test that is used to determine if two or more individuals are biological siblings.
  • Twin Zygosity Test
  • Test that is used to determine whether twins are identical or fraternal.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on DNA & DNA Forensic Laboratories can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on DNA & DNA Forensic Laboratories:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The DNA & DNA Forensic Laboratories market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on DNA & DNA Forensic Laboratories, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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