Good genes: Improved technology and declining costs will foster industry revenue growth
DNA laboratories have been consistently growing over the past two decades. More recently, the industry has been benefiting from improved accessibility and declining prices. Recent technological developments have enabled laboratories to lower the costs of running DNA tests, making them more accessible and enabling laboratories to become more profitable. These developments also led to the rising use of at-home DNA testing, making it more affordable for consumers and boosting demand for discretionary testing services, such as non-court required paternity tests, ancestry tests and veterinary testing.
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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Laboratory Corporation of America Holdings
Methodology
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