DNA & DNA Forensic Laboratories
Over the past five years, the DNA and DNA Forensic Laboratories industry has benefited from improved accessibility and declining prices, which have made DNA testing more common and affordable. Furthermore, the industry has benefited from the long-term trend of an increasing number of babies being born outside of wedlock. Babies born outside of wedlock are more likely to need DNA paternity testing because proof is often required to make men financially responsible for their offspring under the law. Additionally, industry companies have benefited from the growing popularity of ancestry testing services. High profit margins have caused the number of companies operating in the industry to increase over the past five years. IBISWorld estimates that the number of industry operators has grown over the five years to 2019. Despite the overall growth, the industry has experienced some consolidation during that time, which is illustrated by the number of establishments growing. IBISWorld estimates that industry revenue will increase over the five years to 2024. During that time, the industry is expected to continue to benefit from improved technology, which will increase productivity and revenue.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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