$4.6bn
$XXX.Xm
16,553
774
$X.Xbn
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.Discretionary testing services rely heavily on disposable income and consumers' confidence in the future of the economy. Rising disposable income over recent years had enabled demand for these discretionary tests to rise, including a significant jump in 2021, when the economy began to reopen. Similarly, elevated inflation and unfavorable economic conditions in 2022 led to a dip in revenue. The falling number of births has caused revenue growth to slow down, although it continues to expand. The numbers of births, particularly those outside of wedlock, often generate higher demand for paternity testing as these are commonly required to make men financially responsible for their offspring under the law. These trends have led to revenue growth of an estimated CAGR of 3.6% to $4.6 billion over the five years to 2023, including a jump of 1.1% in 2023 alone.Demand for DNA testing is likely to accelerate over the coming years. Continuous technological developments are expected to lower test costs even further, enabling labs to reach new markets and become more profitable. Improving economic conditions will likely continue to drive revenue growth as growing discretionary spending boosts demand for laboratory services. Steady demand for forensic DNA testing will continue to generate a significant portion of revenue, somewhat protecting the industry from changes in consumer behavior. These trends are expected to cause revenue to grow at a CAGR of 3.4% to $5.5 billion over the next five years.
Industry revenue has grown at a CAGR of 3.6 % over the past five years, to reach an estimated $4.6bn in 2023.
Market size is projected to grow over the next five years.
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There are no companies that hold a large enough market share in the DNA & DNA Forensic Laboratories in the US industry for IBISWorld to include in this product.
DNA & DNA Forensic Laboratories in the US
Industry revenue is measured across several distinct product and services lines, including Discretionary paternity testing , Legal forensic services and Veterinary DNA testing . Discretionary paternity testing is the largest segment of the DNA & DNA Forensic Laboratories in the US.
Legal forensic DNA testing services are used in criminal and civil cases
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.
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NAICS 62151 - DNA & DNA Forensic Laboratories in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Technological advancements have been crucial to DNA laboratories, reducing the costs of DNA tests and making them more accessible. By offering lower prices and broader testin...
Learn about an industry's products and services, markets and trends in international trade.
Forensic DNA testing generates the largest portion of demand. The use of DNA testing in criminal and civil cases remains the most common, although demand for other discretion...
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Laboratories remain near highly populated areas. This enables them to base operations near major downstream markets and establish favorable relationships.
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Laboratories primarily compete based on reliability, test accuracy and accreditations in the public sector. Maintaining high standards of care in handling samples is critical...
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The industry is highly fragmented, preventing any single company from taking over the industry. Having diverse downstream markets and focusing on specific products prevent la...
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Demand for lab services moves alongside disposable income. This trend will continue to strengthen as consumers continue to grow as a major downstream market.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rapid revenue growth enables profit to expand. Growing demand for DNA testing and weakening operating costs have enabled profit to expand, supporting the industry.
Including values and annual change:
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Key data sources in the US include:
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The market size of the DNA & DNA Forensic Laboratories in the US industry in United States is $4.6bn in 2024.
There are 774 businesses in the DNA & DNA Forensic Laboratories in the US industry in United States, which has declined at a CAGR of 1.0 % between 2018 and 2023.
The market size of the DNA & DNA Forensic Laboratories in the US industry in United States has been growing at a CAGR of 3.6 % between 2018 and 2023.
Over the next five years, the DNA & DNA Forensic Laboratories in the US industry in United States is expected to grow.
Paternity testing services and DNA forensic services are part of the DNA & DNA Forensic Laboratories in the US industry.
The level of competition is moderate and steady in the DNA & DNA Forensic Laboratories in the US industry in United States.