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DNA & DNA Forensic Laboratories - Industry Market Research Report

  • July 2017
  • 31 pages
  • Ibisworld
Report ID: 2573284

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

Abstract
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 affordable and common. 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.

Over the five years to 2022, the industry is expected to continue to benefit from improved technology, which will increase productivity and revenue. Consistent investment in research and development has increased the throughput capacity of DNA laboratories, which has ultimately caused prices to decline.

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.

MAJOR COMPANIES
- Laboratory Corporation of America Holdings

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