NAICS Code 541714-11 - Genetics Medical

Marketing Level - NAICS 8-Digit

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NAICS CODE 541714-11
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NAICS Code 541714-11 Description (8-Digit)

Genetics Medical is a subdivision of the NAICS Code 541714 that involves the research and development of biotechnology related to genetics and medical applications. This industry focuses on the study of genes and their functions, as well as the development of medical treatments and therapies based on genetic information. Genetics Medical companies work to understand the genetic basis of diseases and disorders, and to develop new diagnostic tools and treatments that can improve patient outcomes.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541714 page

Tools

Tools commonly used in the Genetics Medical industry for day-to-day tasks and operations.

  • DNA sequencers
  • PCR machines
  • Microarrays
  • CRISPR/Cas9 gene editing tools
  • Flow cytometers
  • Electrophoresis equipment
  • Spectrophotometers
  • Gel documentation systems
  • Bioinformatics software
  • Cell culture equipment

Industry Examples of Genetics Medical

Common products and services typical of NAICS Code 541714-11, illustrating the main business activities and contributions to the market.

  • Genetic testing services
  • Gene therapy development
  • Pharmacogenomics research
  • Personalized medicine companies
  • Biotech startups focused on genetics
  • Genetic counseling services
  • Clinical research organizations specializing in genetics
  • Companies developing genetic diagnostic tools
  • Stem cell research and development
  • Genetic engineering firms

History

A concise historical narrative of NAICS Code 541714-11 covering global milestones and recent developments within the United States.

  • The Genetics Medical industry has a long and fascinating history. The discovery of DNA in 1953 by James Watson and Francis Crick was a major milestone in the field of genetics, and it paved the way for many of the advancements we see today. In the 1970s, the first recombinant DNA molecule was created, which allowed scientists to manipulate DNA in ways that were previously impossible. This led to the development of many new treatments and therapies, including gene therapy, which has the potential to cure genetic diseases. In recent years, the field of genetics has continued to advance rapidly, with the development of new technologies like CRISPR-Cas9, which allows for precise editing of genes. In the United States, the Human Genome Project was a major milestone in the field of genetics, as it allowed scientists to map the entire human genome. This has led to many new discoveries and advancements in the field, and it has paved the way for personalized medicine and other exciting new developments.