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NAICS Code 541714-21 Description (8-Digit)

Laboratories-Biochemical is a subdivision of the NAICS Code 541714 that involves the application of biological and chemical principles to develop new products and processes. This industry is focused on the research and development of biotechnology, excluding nanobiotechnology. Laboratories-Biochemical companies conduct experiments and tests to understand the chemical and biological properties of living organisms and their interactions with the environment. The results of these experiments are used to develop new products, such as pharmaceuticals, vaccines, and diagnostic tests, as well as to improve existing products and processes.

Hierarchy Navigation for NAICS Code 541714-21

Tools

Tools commonly used in the Laboratories-Biochemical industry for day-to-day tasks and operations.

  • Spectrophotometers
  • Microscopes
  • Centrifuges
  • Electrophoresis equipment
  • PCR machines
  • Liquid chromatography systems
  • Gas chromatography systems
  • Mass spectrometers
  • NMR spectrometers
  • Microplate readers
  • Incubators
  • Autoclaves
  • Pipettes
  • Balances
  • PH meters
  • Freezers
  • Refrigerators
  • Water purification systems
  • Chemical hoods

Industry Examples of Laboratories-Biochemical

Common products and services typical of NAICS Code 541714-21, illustrating the main business activities and contributions to the market.

  • Pharmaceutical research
  • Vaccine development
  • Diagnostic test development
  • Bioprocessing
  • Genetic engineering
  • Protein engineering
  • Enzyme development
  • Antibody production
  • Biosensor development
  • Biofuel research

Certifications, Compliance and Licenses for NAICS Code 541714-21 - Laboratories-Biochemical

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Clinical Laboratory Improvement Amendments (CLIA): CLIA regulates laboratory testing and requires clinical laboratories to be certified by the Centers for Medicare & Medicaid Services (CMS) before they can accept human samples for diagnostic testing. The certification process ensures that laboratories meet quality standards for testing accuracy, reliability, and timeliness.
  • College Of American Pathologists (CAP) Accreditation: CAP is a leading organization that accredits medical laboratories based on their compliance with quality standards. CAP accreditation is recognized worldwide as a symbol of excellence in laboratory practices.
  • Clinical Laboratory Scientist (CLS) Certification: CLS certification is a professional credential that demonstrates a laboratory professional's competence and expertise in the field. The certification is offered by the American Society for Clinical Pathology (ASCP) and requires passing an exam and meeting education and experience requirements.
  • Good Laboratory Practices (GLP) Certification: GLP certification is a quality system that ensures the safety, reliability, and consistency of laboratory studies. GLP certification is required by regulatory agencies for non-clinical safety studies of drugs, chemicals, and other products.
  • ISO 17025 Accreditation: ISO 17025 is an international standard that specifies the general requirements for the competence of testing and calibration laboratories. ISO 17025 accreditation demonstrates that a laboratory has met the highest standards of quality and competence in its testing and calibration activities.

History

A concise historical narrative of NAICS Code 541714-21 covering global milestones and recent developments within the United States.

  • The Laboratories-Biochemical industry has a long and rich history dating back to the early 19th century when the first biochemical laboratory was established in France. The industry has since grown to become a vital part of the global economy, with notable advancements such as the discovery of DNA in the 1950s and the development of recombinant DNA technology in the 1970s. In the United States, the industry has seen significant growth since the 1980s, with the establishment of numerous biotech companies and the development of new drugs and therapies. Notable examples include the development of the first genetically engineered drug, Humulin, in 1982 and the approval of the first gene therapy, Gendicine, in 2003. The industry continues to evolve and innovate, with ongoing research in areas such as gene editing, personalized medicine, and synthetic biology.

Future Outlook for Laboratories-Biochemical

The anticipated future trajectory of the NAICS 541714-21 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Laboratories-Biochemical industry in the USA is promising. The industry is expected to grow due to the increasing demand for biotechnology products and services. The rise in chronic diseases and the aging population is driving the demand for new and innovative treatments, which is expected to boost the demand for biochemical laboratories. Additionally, the increasing focus on personalized medicine and the development of new drugs and therapies is expected to drive the growth of the industry. The industry is also expected to benefit from the increasing investment in research and development activities by both private and public organizations. However, the industry may face challenges such as regulatory hurdles, high costs of research and development, and intense competition from other biotechnology companies. Overall, the Laboratories-Biochemical industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 541714-21

Recent groundbreaking advancements and milestones in the Laboratories-Biochemical industry, reflecting notable innovations that have reshaped its landscape.

  • CRISPR Gene-Editing Technology: CRISPR is a revolutionary gene-editing technology that allows scientists to edit genes with unprecedented precision. This technology has the potential to cure genetic diseases and revolutionize the field of medicine.
  • Development Of CAR-T Cell Therapy: CAR-T cell therapy is a new type of cancer treatment that uses the patient's own immune cells to fight cancer. This therapy has shown promising results in clinical trials and has the potential to cure certain types of cancer.
  • Development Of Mrna Vaccines: mRNA vaccines are a new type of vaccine that use a small piece of genetic material to teach the body how to fight a virus. This technology has been used to develop COVID-19 vaccines and has the potential to revolutionize the field of vaccine development.
  • Advancements In Gene Sequencing Technology: Gene sequencing technology has advanced rapidly in recent years, allowing scientists to sequence entire genomes quickly and at a low cost. This technology has the potential to revolutionize the field of personalized medicine.
  • Development Of Organ-On-A-Chip Technology: Organ-on-a-chip technology is a new type of technology that allows scientists to simulate the function of human organs on a microchip. This technology has the potential to revolutionize drug development and reduce the need for animal testing.

NAICS Code 541714-21 - Laboratories-Biochemical

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