Pediatrics Hearing Aids Market Size, Share, Growth, Trends, Production, Consumption and Forecast 2019 to 2026

The global Pediatrics Hearing Aids Market size was US$ 1759.9 million in 2019 and is expected to reach US$ 3094.2 million by 2026, growing at a CAGR of 8.3% over forecast period 2019 to 2026.

Pediatric hearing aids are designed for children. These devices amplify the sound for the wearer with the aim of making a speech more intelligible and to correct impaired hearing as measured by audiometry. Children’s learning and living environment should be considered for using hearing aids in children. They should be clearer. The Pediatric Hearing Aids Market produces the devices in various styles and sizes, including in the ear, behind the ear, in the canal, and completely in the hearing aids. Volume control, telecoil, clipping, Bluetooth, programmability, remote control, FM, etc are some of the features in the hearing aid devices. Contralateral routing of signals hearing aids, eyeglass aids, disposable hearing aids, and bone conduction hearing aids are some of the common types of hearing aids used for children having hearing loss.

The classification of Pediatrics Hearing Aids includes BTE Hearing Aids, ITE Hearing Aids, Hearing Implants and other, and the proportion of Behind-the-ear (BTE) Hearing Aids in 2017 is about 59.5%, and the proportion is decreasing trend from 2012 to 2017.

The Pediatrics Hearing Aids market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Pediatrics Hearing Aids market for the base year 2018 and the forecast between 2020 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Pediatrics Hearing Aids market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Pediatrics Hearing Aids market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Pediatrics Hearing Aids market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Pediatrics Hearing Aids market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Pediatrics Hearing Aids market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Pediatrics Hearing Aids industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Pediatrics Hearing Aids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Pediatrics Hearing Aids market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Pediatrics Hearing Aids market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Pediatrics Hearing Aids market. These factors have benefited the growth of the global market for Pediatrics Hearing Aids. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Pediatrics Hearing Aids. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

Segmentation

Market Segment by Type, the Pediatrics Hearing Aids market is segmented into

  • BTE Hearing Aids
  • ITE Hearing Aids
  • Hearing Implants
  • Other

Market Segment by Application, the Pediatrics Hearing Aids market is segmented into

  • 0-3 Years Old
  • 3-6 Years Old
  • Above 6 Years Old

Geographic Segmentation

The report offers exhaustive assessment of different region-wise and country-wise Pediatrics Hearing Aids markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E etc.

This report includes the following manufacturers; we can also add the other companies as you want.

Cochlear

Sonova

MED-EL

William Demant

Sivantos

GN ReSound

Starkey

Widex

Rion

Sebotek Hearing Systems

Audina Hearing Instruments

Microson

Arphi Electronics

Horentek

In this study, the years considered to estimate the market size of Pediatrics Hearing Aids are as follows:

  • History Year: 2015-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2026

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are: 

  • To analyze and study the global market capacity, production, value, consumption, status (2015-2019) and forecast (2020-2026);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

1 Report Overview
1.1 Research Scopea
1.2 Top Pediatrics Hearing Aids Manufacturers Covered: Ranking by Revenue
1.3 Market Segment by Type
1.3.1 Global Pediatrics Hearing Aids Market Size by Type: 2015 VS 2020 VS 2026 (US$ Million)
1.3.2 BTE Hearing Aids
1.3.3 ITE Hearing Aids
1.3.4 Hearing Implants
1.3.5 Other
1.4 Market Segment by Application
1.4.1 Global Pediatrics Hearing Aids Consumption by Application: 2015 VS 2020 VS 2026
1.4.2 0-3 Years Old
1.4.3 3-6 Years Old
1.4.4 Above 6 Years Old
1.5 Study Objectives
1.6 Years Considered
2 Global Market Perspective
2.1 Global Pediatrics Hearing Aids Revenue (2015-2026)
2.1.1 Global Pediatrics Hearing Aids Revenue (2015-2026)
2.1.2 Global Pediatrics Hearing Aids Sales (2015-2026)
2.2 Pediatrics Hearing Aids Market Size across Key Geographies Worldwide: 2015 VS 2020 VS 2026
2.2.1 Global Pediatrics Hearing Aids Sales by Regions (2015-2020)
2.2.2 Global Pediatrics Hearing Aids Revenue by Regions (2015-2020)
2.3 Global Top Pediatrics Hearing Aids Regions (Countries) Ranking by Market Size
2.4 Pediatrics Hearing Aids Industry Trends
2.4.1 Pediatrics Hearing Aids Market Top Trends
2.4.2 Market Drivers
2.4.3 Pediatrics Hearing Aids Market Challenges
2.4.4 Porter’s Five Forces Analysis
2.4.5 Primary Interviews with Key Pediatrics Hearing Aids Players: Views for Future

3 Competitive Landscape by Manufacturers
3.1 Global Top Pediatrics Hearing Aids Manufacturers by Sales (2015-2020)
3.1.1 Global Pediatrics Hearing Aids Sales by Manufacturers (2015-2020)
3.1.2 Global Pediatrics Hearing Aids Sales Market Share by Manufacturers (2015-2020)
3.1.3 Global 5 and 10 Largest Manufacturers by Pediatrics Hearing Aids Sales in 2019
3.2 Global Top Manufacturers Pediatrics Hearing Aids by Revenue
3.2.1 Global Pediatrics Hearing Aids Revenue by Manufacturers (2015-2020)
3.2.2 Global Pediatrics Hearing Aids Revenue Share by Manufacturers (2015-2020)
3.2.3 Global Pediatrics Hearing Aids Market Concentration Ratio (CR5 and HHI)
3.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Pediatrics Hearing Aids as of 2019)
3.4 Global Pediatrics Hearing Aids Average Selling Price (ASP) by Manufacturers
3.5 Key Manufacturers Pediatrics Hearing Aids Plants/Factories Distribution and Area Served
3.6 Date of Key Manufacturers Enter into Pediatrics Hearing Aids Market
3.7 Key Manufacturers Pediatrics Hearing Aids Product Offered
3.8 Mergers & Acquisitions, Expansion Plans

4 Market Size by Type
4.1 Global Pediatrics Hearing Aids Historic Market Review by Type (2015-2020)
4.1.2 Global Pediatrics Hearing Aids Sales Market Share by Type (2015-2020)
4.1.3 Global Pediatrics Hearing Aids Revenue Market Share by Type (2015-2020)
4.1.4 Pediatrics Hearing Aids Price by Type (2015-2020)
4.1 Global Pediatrics Hearing Aids Market Estimates and Forecasts by Type (2020-2026)
4.2.2 Global Pediatrics Hearing Aids Sales Forecast by Type (2020-2026)
4.2.3 Global Pediatrics Hearing Aids Revenue Forecast by Type (2020-2026)
4.2.4 Pediatrics Hearing Aids Price Forecast by Type (2020-2026)

5 Global Pediatrics Hearing Aids Market Size by Application
5.1 Global Pediatrics Hearing Aids Historic Market Review by Application (2015-2020)
5.1.2 Global Pediatrics Hearing Aids Sales Market Share by Application (2015-2020)
5.1.3 Global Pediatrics Hearing Aids Revenue Market Share by Application (2015-2020)
5.1.4 Pediatrics Hearing Aids Price by Application (2015-2020)
5.2 Global Pediatrics Hearing Aids Market Estimates and Forecasts by Application (2020-2026)
5.2.2 Global Pediatrics Hearing Aids Sales Forecast by Application (2020-2026)
5.2.3 Global Pediatrics Hearing Aids Revenue Forecast by Application (2020-2026)
5.2.4 Pediatrics Hearing Aids Price Forecast by Application (2020-2026)

6 North America
6.1 North America Pediatrics Hearing Aids Breakdown Data by Company
6.2 North America Pediatrics Hearing Aids Breakdown Data by Type
6.3 North America Pediatrics Hearing Aids Breakdown Data by Application
6.4 North America Pediatrics Hearing Aids Breakdown Data by Countries
6.4.1 North America Pediatrics Hearing Aids Sales by Countries
6.4.2 North America Pediatrics Hearing Aids Revenue by Countries
6.4.3 U.S.
6.4.4 Canada

7 Europe
7.1 Europe Pediatrics Hearing Aids Breakdown Data by Company
7.2 Europe Pediatrics Hearing Aids Breakdown Data by Type
7.3 Europe Pediatrics Hearing Aids Breakdown Data by Application
7.4 Europe Pediatrics Hearing Aids Breakdown Data by Countries
7.4.1 Europe Pediatrics Hearing Aids Sales by Countries
7.4.2 Europe Pediatrics Hearing Aids Revenue by Countries
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia

8 Asia Pacific
8.1 Asia Pacific Pediatrics Hearing Aids Breakdown Data by Company
8.2 Asia Pacific Pediatrics Hearing Aids Breakdown Data by Type
8.3 Asia Pacific Pediatrics Hearing Aids Breakdown Data by Application
8.4 Asia Pacific Pediatrics Hearing Aids Breakdown Data by Regions
8.4.1 Asia Pacific Pediatrics Hearing Aids Sales by Regions
8.4.2 Asia Pacific Pediatrics Hearing Aids Revenue by Regions
8.4.3 China
8.4.4 Japan
8.4.5 South Korea
8.4.6 India
8.4.7 Australia
8.4.8 Taiwan
8.4.9 Indonesia
8.4.10 Thailand
8.4.11 Malaysia
8.4.12 Philippines
8.4.13 Vietnam

9 Latin America
9.1 Latin America Pediatrics Hearing Aids Breakdown Data by Company
9.2 Latin America Pediatrics Hearing Aids Breakdown Data by Type
9.3 Latin America Pediatrics Hearing Aids Breakdown Data by Application
9.4 Latin America Pediatrics Hearing Aids Breakdown Data by Countries
9.4.1 Latin America Pediatrics Hearing Aids Sales by Countries
9.4.2 Latin America Pediatrics Hearing Aids Revenue by Countries
9.4.3 Mexico
9.4.4 Brazil
9.4.5 Argentina

10 Middle East and Africa
10.1 Middle East and Africa Pediatrics Hearing Aids Breakdown Data by Type
10.2 Middle East and Africa Pediatrics Hearing Aids Breakdown Data by Application
10.3 Middle East and Africa Pediatrics Hearing Aids Breakdown Data by Countries
10.3.1 Middle East and Africa Pediatrics Hearing Aids Sales by Countries
10.3.2 Middle East and Africa Pediatrics Hearing Aids Revenue by Countries
10.3.3 Turkey
10.3.4 Saudi Arabia
10.3.5 U.A.E

11 Company Profiles
11.1 Cochlear
11.1.1 Cochlear Corporation Information
11.1.2 Cochlear Business Overview and Total Revenue (2019 VS 2018)
11.1.3 Cochlear Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.1.4 Cochlear Pediatrics Hearing Aids Products and Services
11.1.5 Cochlear SWOT Analysis
11.1.6 Cochlear Recent Developments
11.2 Sonova
11.2.1 Sonova Corporation Information
11.2.2 Sonova Business Overview and Total Revenue (2019 VS 2018)
11.2.3 Sonova Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.2.4 Sonova Pediatrics Hearing Aids Products and Services
11.2.5 Sonova SWOT Analysis
11.2.6 Sonova Recent Developments
11.3 MED-EL
11.3.1 MED-EL Corporation Information
11.3.2 MED-EL Business Overview and Total Revenue (2019 VS 2018)
11.3.3 MED-EL Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.3.4 MED-EL Pediatrics Hearing Aids Products and Services
11.3.5 MED-EL SWOT Analysis
11.3.6 MED-EL Recent Developments
11.4 William Demant
11.4.1 William Demant Corporation Information
11.4.2 William Demant Business Overview and Total Revenue (2019 VS 2018)
11.4.3 William Demant Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.4.4 William Demant Pediatrics Hearing Aids Products and Services
11.4.5 William Demant SWOT Analysis
11.4.6 William Demant Recent Developments
11.5 Sivantos
11.5.1 Sivantos Corporation Information
11.5.2 Sivantos Business Overview and Total Revenue (2019 VS 2018)
11.5.3 Sivantos Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.5.4 Sivantos Pediatrics Hearing Aids Products and Services
11.5.5 Sivantos SWOT Analysis
11.5.6 Sivantos Recent Developments
11.6 GN ReSound
11.6.1 GN ReSound Corporation Information
11.6.2 GN ReSound Business Overview and Total Revenue (2019 VS 2018)
11.6.3 GN ReSound Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.6.4 GN ReSound Pediatrics Hearing Aids Products and Services
11.6.5 GN ReSound SWOT Analysis
11.6.6 GN ReSound Recent Developments
11.7 Starkey
11.7.1 Starkey Corporation Information
11.7.2 Starkey Business Overview and Total Revenue (2019 VS 2018)
11.7.3 Starkey Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.7.4 Starkey Pediatrics Hearing Aids Products and Services
11.7.5 Starkey SWOT Analysis
11.7.6 Starkey Recent Developments
11.8 Widex
11.8.1 Widex Corporation Information
11.8.2 Widex Business Overview and Total Revenue (2019 VS 2018)
11.8.3 Widex Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.8.4 Widex Pediatrics Hearing Aids Products and Services
11.8.5 Widex SWOT Analysis
11.8.6 Widex Recent Developments
11.9 Rion
11.9.1 Rion Corporation Information
11.9.2 Rion Business Overview and Total Revenue (2019 VS 2018)
11.9.3 Rion Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.9.4 Rion Pediatrics Hearing Aids Products and Services
11.9.5 Rion SWOT Analysis
11.9.6 Rion Recent Developments
11.10 Sebotek Hearing Systems
11.10.1 Sebotek Hearing Systems Corporation Information
11.10.2 Sebotek Hearing Systems Business Overview and Total Revenue (2019 VS 2018)
11.10.3 Sebotek Hearing Systems Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.10.4 Sebotek Hearing Systems Pediatrics Hearing Aids Products and Services
11.10.5 Sebotek Hearing Systems SWOT Analysis
11.10.6 Sebotek Hearing Systems Recent Developments
11.11 Audina Hearing Instruments
11.11.1 Audina Hearing Instruments Corporation Information
11.11.2 Audina Hearing Instruments Business Overview and Total Revenue (2019 VS 2018)
11.11.3 Audina Hearing Instruments Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.11.4 Audina Hearing Instruments Pediatrics Hearing Aids Products and Services
11.11.5 Audina Hearing Instruments SWOT Analysis
11.11.6 Audina Hearing Instruments Recent Developments
11.12 Microson
11.12.1 Microson Corporation Information
11.12.2 Microson Business Overview and Total Revenue (2019 VS 2018)
11.12.3 Microson Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.12.4 Microson Pediatrics Hearing Aids Products and Services
11.12.5 Microson SWOT Analysis
11.12.6 Microson Recent Developments
11.13 Arphi Electronics
11.13.1 Arphi Electronics Corporation Information
11.13.2 Arphi Electronics Business Overview and Total Revenue (2019 VS 2018)
11.13.3 Arphi Electronics Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.13.4 Arphi Electronics Pediatrics Hearing Aids Products and Services
11.13.5 Arphi Electronics SWOT Analysis
11.13.6 Arphi Electronics Recent Developments
11.14 Horentek
11.14.1 Horentek Corporation Information
11.14.2 Horentek Business Overview and Total Revenue (2019 VS 2018)
11.14.3 Horentek Pediatrics Hearing Aids Sales, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
11.14.4 Horentek Pediatrics Hearing Aids Products and Services
11.14.5 Horentek SWOT Analysis
11.14.6 Horentek Recent Developments

12 Supply Chain and Sales Channels Analysis
12.1 Supply Chain Analysis
12.2 Sales Channels Analysis
12.2.1 Pediatrics Hearing Aids Sales Channels
12.2.2 Pediatrics Hearing Aids Distributors
12.3 Pediatrics Hearing Aids Customers

13 Estimates and Projections by Regions (2020-2026)
13.1 Global Pediatrics Hearing Aids Sales Forecast (2020-2026)
13.1.1 Global Pediatrics Hearing Aids Sales Forecast by Regions (2020-2026)
13.1.2 Global Pediatrics Hearing Aids Revenue Forecast by Regions (2020-2026)
13.2 North America Market Size Forecast (2020-2026)
13.2.1 North America Pediatrics Hearing Aids Sales Forecast (2020-2026)
13.2.2 North America Pediatrics Hearing Aids Revenue Forecast (2020-2026)
13.2.3 North America Pediatrics Hearing Aids Size Forecast by County (2020-2026)
13.3 Europe Market Size Forecast (2020-2026)
13.3.1 Europe Pediatrics Hearing Aids Sales Forecast (2020-2026)
13.3.2 Europe Pediatrics Hearing Aids Revenue Forecast (2020-2026)
13.3.3 Europe Pediatrics Hearing Aids Size Forecast by County (2020-2026)
13.4 Asia Pacific Market Size Forecast (2020-2026)
13.4.1 Asia Pacific Pediatrics Hearing Aids Sales Forecast (2020-2026)
13.4.2 Asia Pacific Pediatrics Hearing Aids Revenue Forecast (2020-2026)
13.4.3 Asia Pacific Pediatrics Hearing Aids Size Forecast by Region (2020-2026)
13.5 Latin America Market Size Forecast (2020-2026)
13.5.1 Latin America Pediatrics Hearing Aids Sales Forecast (2020-2026)
13.5.2 Latin America Pediatrics Hearing Aids Revenue Forecast (2020-2026)
13.5.3 Latin America Pediatrics Hearing Aids Size Forecast by County (2020-2026)
13.6 Middle East and Africa Market Forecast
13.6.1 Middle East and Africa Pediatrics Hearing Aids Sales Forecast (2020-2026)
13.6.2 Middle East and Africa Pediatrics Hearing Aids Revenue Forecast (2020-2026)
13.6.3 Middle East and Africa Pediatrics Hearing Aids Size Forecast by County (2020-2026)

14 Research Findings and Conclusion

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer

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