Automated Fare Collection Market Global & Regional Analysis & Forecasts to 2026

 According to a new report published by Polaris Market Research the worldwide Automated Fare Collection (AFC) market is anticipated to reach around USD 13,594 million by 2026. In 2017, the smart cards segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automated fare collection market.

 

The increasing need to automate ticketing systems for public and private transportation majorly drives the market growth. Organizations are gradually adopting automated fare collection systems to increase efficiency, and easy management of high volume of commuters. The growing need to reduce frauds in public transportation further accelerates the adoption of the AFC systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and enhance traveler experience. New emerging markets, increasing acceptance of cashless payments, and growing need to reduce environmental pollution are factors expected to influence the market in the coming years.

 

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The increasing investments in R&D and rapid development of public infrastructure in developing countries of Asia-Pacific and Latin America support the growth of automated fare collection systems. Governments across the world are collaborating with leading market players for installation of AFC systems in airports, and railways. Technological advancements in electronic payment, Near-Field Communication (NFC), and contactless payment technologies provide numerous growth opportunities in the global market. Market players are introducing affordable and highly efficient automated fare collection systems in the market to cater to the growing market demands.

  

North America is expected to lead the global AFC market during the forecast period. Significant investment by governments to improve the public transport infrastructure coupled with stringent regulations regarding transportation drive the growth of automated fare collection in this region. Technological advancement and introduction of advanced systems by the market players has increased their acceptance in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in public infrastructure. Expansion of global players into these countries to tap market potential boosts the market growth.

 

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The various types of technologies used in automated fare collection system include Near-Field Communication (NFC), Optical Character Recognition (OCR), smart cards, and magnetic strips.  The smart cards segment is expected to lead the market during the forecast period owing to increasing popularity of cashless transactions. NFC is expected to grow at the highest CAGR during the forecast period.

 

The well-known companies profiled in the report include Thales Group, Longbow Technologies S/B, Cubic Corporation, Advanced Card Systems Holdings Limited, Atos SE, Indra Sistemas SA, UL Transaction Security, Siemens AG, Samsung SDS Co. Ltd., GMV Innovating Solutions, Masabi Ltd., and Omron Corporation among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers.

 

Artificial Intelligence Market Comparative Scenario, Business Expansion and Rising Opportunities

 According To A New Study Published By Polaris Market Research The Global Artificial Intelligence Market is anticipated to reach USD 54 billion by 2026. The advancements of robots and the rise in their deployment rate particularly, in the developing economies globally have had a positive impact on the global artificial intelligence market. Augmented customer experience, expanded application areas, enhanced productivity, and big data integration has highly propelled artificial intelligence market worldwide. Although, absence of adequate skilled workforce as well as threat to human dignity are some of the factors that could affect the growth of the market. However, these factors are expected to have minimal impact on the market attributed to the introduction of advanced technologies.

 

An extraordinary increase in productivity has been achieved with machine-learning. For instance, Google, with the help of its experimental driverless technology has transformed cars including, Toyota Prius. Integration of various tools by artificial intelligence has helped in the transformation of business management. These tools include brand purchase advertising, workflow management tools, trend predictions among others. For example, the Google’s voice accuracy technology has 98% of accuracy rate. Furthermore, Facebook’s DeepFace technology has a success rate of approximately 97% in recognizing faces. Such accuracy in technologies is further anticipated to bolster the market growth during the forecast period.

 

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Currently, North America dominates the global artificial intelligence market attributed to the high government funding availability, existence of prominent artificial intelligence providers in the region, and robust technical adoption base. Also, the region is expected to continue its dominance during the forecast period. Moreover, the adoption of cloud-based services in key economies, such as the US and Canada, is considerably adding to the market growth in the North American region. The markets in Asia Pacific, MEA and South America region are expected to notice a high growth during the coming years. The growth in Asia Pacific region is attributed to the increasing demand for artificial technologies by the developing economies. Thus, the region is anticipated to grow at the highest CAGR during the forecast period.

 

Major companies profiled in the report include Google Inc., Intel Corporation, Nvidia Corporation, Microsoft Corporation, IBM Corporation, General Vision, Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., and Baidu, Inc. among others.

 

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Key Findings from the study suggest North America is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 65% over the forecast period. The artificial intelligence market is presumed to develop at a CAGR of over 55.9% from 2018 to 2026. The high implementation of artificial intelligence in several end-user verticals including, retail, automotive and healthcare is projected to boost the growth of the market over the forecast period. Several companies are making considerable investments to integrate artificial intelligence competences into their portfolio of products. For instance, in 2016, SK Telecom and Intel Corporation signed an agreement for the development of the artificial intelligence based vehicle-to-everything (V2X) technology as well as video recognition.

 

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Medical Holography Market 2021 Remarking Enormous Growth With Recent Trends & Demand

 The global medical holography market size is expected to reach USD 4.22 billion by 2027 according to a new study by Polaris Market Research. The report “Medical Holography Market Share, Size, Trends, Industry Analysis Report, By Product (Holographic Displays (Laser, Touchable, Piston, Semi-Transparent), Microscope, Print, Software, and Others); By Application (Imaging (Ophthalmology, Dentistry, Urology, Otology, Orthopedics, Others), Medical Education, and Biomedical Research); By End Use (Academic Centers, Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, and Research Laboratories); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Medical holography refers to a technique that can develop three-dimensional images of the targeted organ of the body. Development of 3-D image of any specific organ of interest for the surgeons or physicians is of notable importance as it simplifies the treatment procedure for the physicians.

 

The traditional CT-scan and MRI-scan only delivers 2-D image while requiring the surgeons or physicians to develop a 3-D image in their mind in order to clearly understand the existing situation and thereby, suggest further course of action. Whereas, holography simplifies the same through 3-D imaging technique for healthcare employees.

 

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Medical holography has transformed the healthcare industry with 3-D images of complex organs simplifying the healthcare education & training and boosting the sector research. Various products used in medical holography including holoscopes, software, prints, microscopes, and displays enable the healthcare professionals to view human anatomy in three dimensions.

  

The prominent factors favoring the global market growth include advancement in medical holography technique, investments in development of holography-based gadgets, and extensive adoption of medical holography technique among the healthcare institutions such as hospitals and clinical research organizations (CROs) to assist the physician in their operating procedure and clinical researchers all through their healthcare research.

 

Medical holographic projections and imaging has led to a notable change in training and education as well as all through the biomedical research. Also, digital holograms and holography technique are also extensively deployed all through the hospital training and teaching programs. The 3-dimensional visualization through using the technique develop an interactive and interesting learning environment as holography assists in retaining more information as compared to the traditional learning methodologies.

 

With the rising focus on implementing structural biology across the healthcare institutions and medical training centers, key players operating in the market are proactively focusing on development of holography software and holographic prints to be deployed for training and teaching applications.

 

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The market players are involved in developing cost-effective three-dimensional kit for healthcare professionals and medical students that would assist them while performing dissections and surgeries without any requirement of real organs and bodies. In September 2019, EchoPixel launched an advanced intraoperative software for offering touchless, naked-eye interactive three-dimensional anatomical imaging in order to assist surgeons while performing structural heart surgeries in the operating rooms, laboratories, and hybrid operating rooms. Such technique paves the way for personalizing and improving the delivery of the most demanded minimally invasive procedures.

 

Some of the players involved in the market space include Lyncee Tec, zSpace, Inc., Phase Holographic Imaging AB, RealView Imaging Ltd., Nanolive SA, and Zebra Imaging, EON Reality, Inc., EchoPixel, Holoxica Ltd., Mach7 Technologies, and Ovizio Imaging Systems.

 

Players in the market are focusing on new product development and acquisitions to boost their product portfolio as well as expand their geographical presence across various countries and regions. Moreover, the companies have raised funding to boost the development of the holographic products that contributes to their market share. In July 2020, RealView Imaging raised approximately USD 10 million for the development of a three-dimensional in-Air hologram device.

 

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CRISPR & Cas Genes Market 2021 Remarking Enormous Growth With Recent Trends & Demand

 The global CRISPR & Cas Genes market size is expected to reach USD 4.75 billion by 2027 according to a new study by Polaris Market Research. The report “CRISPR & Cas Genes Market Size, Share & Trends Analysis Report, By Product & Service (Product {Kits & Enzymes, Libraries, Design Tool, Antibodies, and Others}, and Service {Cell Line Engineering, gRNA Design, Microbial Gene Editing, and DNA synthesis); By Application (Biomedical and Agricultural), and By End Use (Biotechnology & Pharmaceutical Companies, Academics & Government Research Institutes, and Contract Research Organizations (CROs)), and Segment Forecasts, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

CRISPR refers to a gene editing tool through which the biological researchers and scientists can modify the genomes of various living creatures. The CRISPR technique relies on the antiviral defense mechanism of the bacteria-based CRISPR-Cas9 system. The synthetically created guide RNA is being complexed with Cas9 nuclease and delivered into the cell. Through this technique, the genome of cells can be sliced at any desired location while enabling the removal of available genes or/and adding novel genes in vivo.

 

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The Cas9 nuclease acts as a genetic scissor and used to open both the strands of specific DNA sequence for introducing the desired modification through the deployment of any one of the two techniques. These techniques include knock-in mutations which is enabled through the Homology Directed Repair (HDR) and via Non-Homologous End Joining (NHEJ).

  

The prominent factors favoring the CRISPR & CRISPR-Associated (Cas) genes market growth include technological advancement in gene editing platform and launch of various anti-CRISPR proteins that are expected to improve the overall accuracy of CRISPR technique. SpCas9-HF and eSpCas9 are two novel versions of Cas9 protein that have been designed in laboratory for minimizing the editing activity which is off the target without any use of sgRNAs.

 

According to the American Association for the Advancement of Science (AAAS) February 2020 release, the researchers have integrated two techniques viz. T cell therapy, which exploits the sentry of the body’s immune system for destroying tumors and CRISPR, which is used for editing of DNA. The researchers have found the advanced CRISPR gene editing tool to be very safe when used on three patients suffering from cancer.

 

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According to the Stat News February 2019 publication, China’s Science Ministry along with two other government institutions in the country are expected to have funded a study referred to as “CRISPR babies”. This study has resulted in the birth of two genetically altered twin girls in November 2018 in China. Therefore, the biological researchers have successfully achieved a key technique to start pregnancy among humans through the deployment of CRISPR Cas9 gene editing tool on human embryos.

 

Companies such as Addgene, AstraZeneca, Caribou Biosciences, Inc., Cellectis, Cibus, CRISPR Therapeutics, Danaher Corporation, Editas Medicine, Inc., Egenesis, F. Hoffmann-La Roche Ltd., Genscrip, Horizon Discovery Group Plc, Lonza, Mammoth Biosciences, Merck KGaA, New England BioLabs, Synthego, and Takara Bio, Inc. are some of the key players operating in the clustered regularly interspaced short palindromic repeats (CRISPR) & CRISPR-associated (Cas) genes market.

 

Players in the market are focusing on adopting CRISPR & Cas gene editing technology for engineering the blood stem cells and immune cells as a key tool being deployed for enabling drug discovery while creating highly targeted anticancer drugs. Additionally, in May 2020, the U.S. Food and Drug Administration (FDA) has approved the CRISPR-based diagnostic kit for testing of the SARS-CoV-2 COVID-19 coronavirus in laboratory. According to the Nature Journal May 2020 publication, the U.S. has already increased the COVID-19 testing while averaging about 250,000 COVID-19 test per day. The rapid FDA approval to the test kits is expected to boost testing, reducing backlogs.

 

Polaris Market Research has segmented the CRISPR & Cas Genes market report on the basis of product & service, application, end-use, and region

 

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Vaccine Storage & Packaging Market Future Demands, Latest Innovation By Regional Forecast 2027

 Vaccines are being stored in its original packaging with lids enclosed in separate containers until it is ready for administration to protect it from the light and to provide additional thermal protection. Vaccine storage equipment is the laboratory equipment utilized to maintain and preserve the life of vaccines in the desired condition. It also helps to prevent vaccines from degradation. The global vaccine storage & packaging market size is expected to reach USD 43.8 billion by 2027 according to a new study by Polaris Market Research.

 

Vaccine storage equipment provides storage at varying temperatures ranging from 86 to 65 degree Celsius. Also, it is available in various capacities as per the necessities of an end-user. Moreover, vaccine storage equipment has a huge application in medical laboratories, biotechnology companies, pharmacy stores, blood banks, hospitals & other health care institutes. 

 

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Recent developments in the market include the launch of Solar Vaccine Refrigerator (SDD refrigerators) and Radio Frequency Identification (RFID) Refrigerators. The advanced refrigerators & freezers help in temperature regulation along with the preservation of vaccines.

 

The growing government venture on vaccination programs will offer lucrative opportunities for the growth of the global market.  The issues including in-house storage and packaging abilities and budget barriers faced by biopharmaceutical organizations, government centers, and academic institutions are estimated to drive the development of the global market. However, technological developments in refrigerators and freezers utilized for vaccine storage and transportation will further fuel the market growth.

 

Market participants such as Lineage Logistics, DB Schenker, AmerisourceBergen, DHL, Thermo Fischer Scientific, Cardinal Logistics, McKesson; Panasonic Healthcare co., LTD., Arctiko A/S, American Biotech Supply, NIPRO are some of the key players operating in the global market.

 

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Players in the market are focusing on the mergers & acquisitions, collaborations, product extension & geographical expansion. Also, the companies are making huge investments in research and development activities to develop new products & to compete with the other players.

 

In June 2020, Moderna, Inc., a clinical stage biotechnology company has announced a partnership for the large-scale, manufacturing of the Moderna’s mRNA-based COVID-19 vaccine (mRNA-1273) at Catalent’s biologics research center in Bloomington, Indiana. As per the agreement, Catalent will offer a vial filling & packaging capacity, alongwith the staff requirements for the 24×7 manufacturing operations at the site to assists in development of an initial 100 million doses of the vaccine to supply at the U.S. market by Q3 of 2020.

 

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Polaris Market Research has segmented the Vaccine Storage & Packaging market report based on function type, end use, and region

Vaccine Storage & Packaging Function Type Outlook (Revenue – USD Million, 2016 – 2027)

• Storage
  • Storage equipment
    • Refrigerator
    • Freezer
    • Others
  • Service
    • Warehouse storage
    • Transportation
• Packaging
  • By Packaging Material
    • Vaccine bags, vials, ampoules
    • Corrugated boxes
    • Others
  • By Packaging Level
    • Primary
    • Secondary
    • Tertiary

Vaccine Storage & Packaging End User Outlook (Revenue – USD Million, 2016 – 2027)

• Retailers
• Forwarding & Clearing Agents
• Distributors
• Others

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Disaster Recovery as a Service Market Future Demands, Latest Innovation By Regional Forecast 2027

 The global disaster recovery as a service (DRaas) market size is expected to reach USD 23.3 billion by 2027 according to a new study by Polaris Market Research. The report “Global Disaster Recovery as a Service (DRaaS) Market Share, Size, Trends, Industry Analysis Report, By Solution (Backup & Recovery, Real-time Replication, Data Protection, Professional); By Service Provider; By Deployment Model (Public, Private, Hybrid Cloud); By Vertical; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The growing need for greater flexibility, the faster recovery process, and cost-effectiveness are the key factors responsible for market growth. Moreover, the high adoption of hybrid cloud DRaas, and higher penetration in mobile network providers. The demand for DRaaS market solutions is increasing rapidly as enterprises are moving toward cloud-based disaster recovery module. This market incorporates solutions that are required to manage disaster recovery on the cloud.

 

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The market is fragmented based on solution, service provider, deployment type, vertical, and region. In terms of solution, the market is segmented into backup and recovery, real-time replication, data protection, and professional. Based on service provider, the disaster as a service market is further bifurcated into cloud providers, managed providers, telecom and communication providers, and others. Based on deployment type, the DRaaS market is further bifurcated into public, private, and hybrid cloud. Based on vertical, the disaster as a service market is further bifurcated into BFSI, consumer goods & retail, government & public sector, healthcare & life sciences, manufacturing, media & entertainment, telecommunication & ITES, and others.

  

Segment Highlight

• The players including International Business Machines (IBM) Corporation, Microsoft Corporation, and Rackspace Hosting, Inc. together held a significant market share in 2019 owing to their dominance in the DRaaS market
• North America region is dominating the global disaster as a service market, holding almost one third of the market share throughout the forecast period. The presence of key players and the dynamic business environment, and increasing adoption by small- and large-scale enterprises to enhance productivity and data safety
• The back-up recovery segment is estimated to hold a major share in the global disaster as a service market, as the majority of the organizations are well aware of cybersecurity and crucial data theft. The back-up market held a significant share in 2019. Real time application market is expected to expand at highest CAGR during the forecast period
• Based on provider, the managed service providers segment is projected to constitute almost half of the market in 2027. Managed providers are responsible for managing and monitoring IT systems on behalf of their clients.

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List of Key Players

• Amazon Web Services (AWS)
• VMware, Inc.
• International Business Machines (IBM) Corporation
• Microsoft Corporation
• Rackspace Hosting, Inc.
• Verizon Terremark
• iland Internet Solutions Corporation
• NTT Communications Corporation
• Hewlett-Packard (HP)
• SunGard Availability Services
• Others

 

Polaris Market Research has segmented the Disaster Recovery as a Service (DRaas) Market report on the basis of solution, service provider, deployment type, vertical, and region

Disaster Recovery as a Service (DRaaS), Solution Outlook (Revenue – USD Million, 2016 – 2027)

• Backup & Recovery
• Real-time Replication
• Data Protection
• Professional Services
• Training
• Education, and Consulting
• Support and Maintenance

Disaster Recovery as a Service (DRaaS), Service Provider Outlook (Revenue – USD Million, 2016 – 2027)

• Cloud Service Providers
• Managed Service Providers
• Telecom and Communication Service Providers
• Others

Disaster Recovery as a Service (DRaaS), Deployment Type Outlook (Revenue – USD Million, 2016 – 2027)

• Public
• Private
• Hybrid Cloud

Disaster Recovery as a Service (DRaaS), Vertical Outlook (Revenue – USD Million, 2016 – 2027)

• BFSI
• Consumer Goods & Retail
• Government & Public Sector
• Healthcare & Life Sciences
• Manufacturing
• Media & Entertainment
• Telecommunication & ITES
• Others

Disaster Recovery as a Service (DRaaS), Regional Outlook (Revenue – USD Million, 2016 – 2027)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Central & South America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Rare Disease Genetic Testing Market In-Depth Qualitative Insights & Future Growth Analysis 2020- 2027

 The global rare disease genetic testing market size is expected to reach USD 1.8 Billion by 2027 according to a new study by Polaris Market Research. The report “Rare Disease Genetic Testing Market Share, Size, Trends, Industry Analysis Report, By Disease Type (Neurological Disorders, Immunological Disorders, Hematology Ailments, Endocrine & Metabolism Disorders, Cancer, Musculoskeletal Disorders, Cardiovascular Disorders, Dermatology Disorders, Others); By Technology; By Specialty; By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The growing need for on-time diagnosis of uncommon disorders, rising prevalence of rare disorders, innovations in genomic testing, and the focused approach of the market player’s in cost-effective treatments are the key factors responsible for market growth. Moreover, government-sponsored schemes are also expected to positively impact the market. In February 2020, the government of India announced financial assistance of INR 15 lacs to the patients suffering from uncommon ailments under the Rashtriya Arogaya Nidhi scheme for a one-time treatment.

 

The global rare disease genetic testing industry is fragmented based on disease type, technology, specialty, end-use, and region. In terms of disease type, the market is segmented into neurological disorders, immunological disorders, hematology illnesses, endocrine & metabolism ailments, cancer, musculoskeletal disorders, cardiovascular disorders, dermatology illnesses, and others.

 

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Based on technology, the rare disease genetic testing industry is further bifurcated into next-generation sequencing, array technology, PCR-based testing, FISH, sanger sequencing, and karyotyping. Based on specialty, the rare disease genetic testing industry is further bifurcated into molecular, chromosomal, and biochemical genomic tests. Based on end-use, the rare disease genomic testing industry is further bifurcated into research laboratories & CROs, hospitals & clinics, and diagnostic laboratories.

  

Segment Highlights

• Neurological ailments accounted for the largest revenue share in 2019 on account of the increasing prevalence of neurologic disorders across the globe and presence of numerous testing techniques
• Based on technology, the next generation sequencing segment is projected to constitute almost half of the market in 2027. The usage of the technology in whole genome sequencing is the key factor responsible for its segment’s growth.
• Molecular tests are expected to account for the highest revenue share by the end of 2027. The availability of advanced technologies and ability to test ultra-rare disorders is expected to drive market growth.
• Research laboratories & CROs accounted for the largest revenue share in 2019 owing to the increasing number of tests and growing occurrence of rare disorders across the developed economies

 

List of Key Players

• Strand Life Sciences
• Myriad Genetics
• Quest Diagnostics Inc.
• Centogene N.V.
• Invitae Corporation
• Baylor Genetics
• Ambry Genetics
• Macrogen, Inc.
• Opko Health, Inc.
• Color Genomics, Inc.
• Health Network Laboratories
• Preventiongenetics, Progenity, Inc.
• Fulgent Genetics Inc.
• Others

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Polaris Market Research has segmented the rare disease genetic testing market report on the basis of disease type, technology, specialty, end-use, and region

Rare Disease Genetic Testing, Disease Type Outlook (Revenue – USD Million, 2016 – 2027)

• Neurological Disorders
• Immunological Disorders
• Hematology Ailments
• Endocrine & Metabolism Disorders
• Cancer
• Musculoskeletal Disorders
• Cardiovascular Disorders
• Dermatology Disorders
• Others

Rare Disease Genetic Testing, Technology Outlook (Revenue – USD Million, 2016 – 2027)

• Next Generation Sequencing
• Whole Exome Sequencing
• Whole Genome Sequencing
• Array Technology
• PCR-based Testing
• FISH
• Sanger Sequencing
• Karyotyping

Rare Disease Genetic Testing, Specialty Outlook (Revenue – USD Million, 2016 – 2027)

• Molecular Genetic Tests
• Chromosomal Genetic Tests
• Biochemical Genetic Tests

Rare Disease Genetic Testing, Technology Outlook (Revenue – USD Million, 2016 – 2027)

• Research Laboratories & CROs
• Hospitals & Clinics
• Diagnostic Laboratories

Rare Disease Genetic Testing, Regional Outlook (Revenue – USD Million, 2016 – 2027)

• North America
  1. U.S.
  2. Canada
• Europe
  1. France
  2. Germany
  3. UK
  4. Italy
  5. Spain
  6. Netherlands
  7. Austria
• Asia Pacific
  1. China
  2. India
  3. Japan
  4. Malaysia
  5. South Korea
  6. Indonesia
• Central & South America
  1. Mexico
  2. Brazil
  3. Argentina
• Middle East & Africa
  1. UAE
  2. Saudi Arabia
  3. Israel
     • South Africa

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