Selected research
Industry Growth & Trends
Global ArF Excimer Fluoride Laser for Dermatology Industry Growth and Trends Forecast to 2032
Market perspective
The global ArF Excimer Fluoride Laser for Dermatology market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for ArF Excimer Fluoride Laser for Dermatology is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for ArF Excimer Fluoride Laser for Dermatology is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for ArF Excimer Fluoride Laser for Dermatology is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of ArF Excimer Fluoride Laser for Dermatology include Coherent, Inc, Cymer (ASML), Gigaphoton, Beijing RSLaser, LightMachinery, Optosystems, Mlase, ATL Lasertechnik GmbH and LDI Innovation, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global ArF Excimer Fluoride Laser for Dermatology market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The ArF Excimer Fluoride Laser for Dermatology market size, estimates, and forecasts are presented in terms of sales volume (k units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global ArF Excimer Fluoride Laser for Dermatology market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to ArF Excimer Fluoride Laser for Dermatology.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global ArF Excimer Fluoride Laser for Dermatology market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
ArF Excimer Fluoride Laser for Dermatology Market by Company
Coherent, Inc
Cymer (ASML)
Gigaphoton
Beijing RSLaser
LightMachinery
Optosystems
Mlase
ATL Lasertechnik GmbH
LDI Innovation
GAM Laser, Inc.
Shenzhen ShengFang Tech
Beijing Keyang Optoelectronic Technology Co., Ltd.
ArF Excimer Fluoride Laser for Dermatology Segment by Type
Immersion Argon Fluoride Laser
Dry Excimer Argon Fluoride Laser
ArF Excimer Fluoride Laser for Dermatology Segment by Application
Hospitals
Clinics
Research Institutions
Others
ArF Excimer Fluoride Laser for Dermatology Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global ArF Excimer Fluoride Laser for Dermatology market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of ArF Excimer Fluoride Laser for Dermatology and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of ArF Excimer Fluoride Laser for Dermatology.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of ArF Excimer Fluoride Laser for Dermatology manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of ArF Excimer Fluoride Laser for Dermatology in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Immersion Argon Fluoride Laser
- Dry Excimer Argon Fluoride Laser
Applications
- Hospitals
- Clinics
- Research Institutions
- Others
Companies covered
- Coherent, Inc
- Cymer (ASML)
- Gigaphoton
- Beijing RSLaser
- LightMachinery
- Optosystems
- Mlase
- ATL Lasertechnik GmbH
- LDI Innovation
- GAM Laser, Inc.
- Shenzhen ShengFang Tech
- Beijing Keyang Optoelectronic Technology Co., Ltd.
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global ArF Excimer Fluoride Laser for Dermatology Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global ArF Excimer Fluoride Laser for Dermatology Sales Estimates and Forecasts (2021-2032)
- 1.3 ArF Excimer Fluoride Laser for Dermatology Market by Type
- 1.3.1 Immersion Argon Fluoride Laser
- 1.3.2 Dry Excimer Argon Fluoride Laser
- 1.4 Global ArF Excimer Fluoride Laser for Dermatology Market Size by Type
- 1.4.1 Global ArF Excimer Fluoride Laser for Dermatology Market Size Overview by Type (2021-2032)
- 1.4.2 Global ArF Excimer Fluoride Laser for Dermatology Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global ArF Excimer Fluoride Laser for Dermatology Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Type (2021-2026)
- 1.5.4 South America ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 ArF Excimer Fluoride Laser for Dermatology Industry Trends
- 2.2 ArF Excimer Fluoride Laser for Dermatology Industry Drivers
- 2.3 ArF Excimer Fluoride Laser for Dermatology Industry Opportunities and Challenges
- 2.4 ArF Excimer Fluoride Laser for Dermatology Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by ArF Excimer Fluoride Laser for Dermatology Revenue (2021-2026)
- 3.2 Global Top Players by ArF Excimer Fluoride Laser for Dermatology Sales (2021-2026)
- 3.3 Global Top Players by ArF Excimer Fluoride Laser for Dermatology Price (2021-2026)
- 3.4 Global ArF Excimer Fluoride Laser for Dermatology Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global ArF Excimer Fluoride Laser for Dermatology Major Company Production Sites & Headquarters
- 3.6 Global ArF Excimer Fluoride Laser for Dermatology Company, Product Type & Application
- 3.7 Global ArF Excimer Fluoride Laser for Dermatology Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global ArF Excimer Fluoride Laser for Dermatology Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 ArF Excimer Fluoride Laser for Dermatology Players Market Share by Revenue in 2025
- 3.8.3 2025 ArF Excimer Fluoride Laser for Dermatology Tier 1, Tier 2, and Tier 3
4 ArF Excimer Fluoride Laser for Dermatology Regional Status and Outlook
- 4.1 Global ArF Excimer Fluoride Laser for Dermatology Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global ArF Excimer Fluoride Laser for Dermatology Historic Market Size by Region
- 4.2.1 Global ArF Excimer Fluoride Laser for Dermatology Sales in Volume by Region (2021-2026)
- 4.2.2 Global ArF Excimer Fluoride Laser for Dermatology Sales in Value by Region (2021-2026)
- 4.2.3 Global ArF Excimer Fluoride Laser for Dermatology Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global ArF Excimer Fluoride Laser for Dermatology Forecasted Market Size by Region
- 4.3.1 Global ArF Excimer Fluoride Laser for Dermatology Sales in Volume by Region (2027-2032)
- 4.3.2 Global ArF Excimer Fluoride Laser for Dermatology Sales in Value by Region (2027-2032)
- 4.3.3 Global ArF Excimer Fluoride Laser for Dermatology Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 ArF Excimer Fluoride Laser for Dermatology by Application
- 5.1 ArF Excimer Fluoride Laser for Dermatology Market by Application
- 5.1.1 Hospitals
- 5.1.2 Clinics
- 5.1.3 Research Institutions
- 5.1.4 Others
- 5.2 Global ArF Excimer Fluoride Laser for Dermatology Market Size by Application
- 5.2.1 Global ArF Excimer Fluoride Laser for Dermatology Market Size Overview by Application (2021-2032)
- 5.2.2 Global ArF Excimer Fluoride Laser for Dermatology Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global ArF Excimer Fluoride Laser for Dermatology Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Application (2021-2026)
- 5.3.4 South America ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Coherent, Inc
- 6.1.1 Coherent, Inc Company Information
- 6.1.2 Coherent, Inc Business Overview
- 6.1.3 Coherent, Inc ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Coherent, Inc ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.1.5 Coherent, Inc Recent Developments
- 6.2 Cymer (ASML)
- 6.2.1 Cymer (ASML) Company Information
- 6.2.2 Cymer (ASML) Business Overview
- 6.2.3 Cymer (ASML) ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Cymer (ASML) ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.2.5 Cymer (ASML) Recent Developments
- 6.3 Gigaphoton
- 6.3.1 Gigaphoton Company Information
- 6.3.2 Gigaphoton Business Overview
- 6.3.3 Gigaphoton ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Gigaphoton ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.3.5 Gigaphoton Recent Developments
- 6.4 Beijing RSLaser
- 6.4.1 Beijing RSLaser Company Information
- 6.4.2 Beijing RSLaser Business Overview
- 6.4.3 Beijing RSLaser ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Beijing RSLaser ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.4.5 Beijing RSLaser Recent Developments
- 6.5 LightMachinery
- 6.5.1 LightMachinery Company Information
- 6.5.2 LightMachinery Business Overview
- 6.5.3 LightMachinery ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 LightMachinery ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.5.5 LightMachinery Recent Developments
- 6.6 Optosystems
- 6.6.1 Optosystems Company Information
- 6.6.2 Optosystems Business Overview
- 6.6.3 Optosystems ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Optosystems ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.6.5 Optosystems Recent Developments
- 6.7 Mlase
- 6.7.1 Mlase Company Information
- 6.7.2 Mlase Business Overview
- 6.7.3 Mlase ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Mlase ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.7.5 Mlase Recent Developments
- 6.8 ATL Lasertechnik GmbH
- 6.8.1 ATL Lasertechnik GmbH Company Information
- 6.8.2 ATL Lasertechnik GmbH Business Overview
- 6.8.3 ATL Lasertechnik GmbH ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 ATL Lasertechnik GmbH ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.8.5 ATL Lasertechnik GmbH Recent Developments
- 6.9 LDI Innovation
- 6.9.1 LDI Innovation Company Information
- 6.9.2 LDI Innovation Business Overview
- 6.9.3 LDI Innovation ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 LDI Innovation ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.9.5 LDI Innovation Recent Developments
- 6.10 GAM Laser, Inc.
- 6.10.1 GAM Laser, Inc. Company Information
- 6.10.2 GAM Laser, Inc. Business Overview
- 6.10.3 GAM Laser, Inc. ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 GAM Laser, Inc. ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.10.5 GAM Laser, Inc. Recent Developments
- 6.11 Shenzhen ShengFang Tech
- 6.11.1 Shenzhen ShengFang Tech Company Information
- 6.11.2 Shenzhen ShengFang Tech Business Overview
- 6.11.3 Shenzhen ShengFang Tech ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Shenzhen ShengFang Tech ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.11.5 Shenzhen ShengFang Tech Recent Developments
- 6.12 Beijing Keyang Optoelectronic Technology Co., Ltd.
- 6.12.1 Beijing Keyang Optoelectronic Technology Co., Ltd. Company Information
- 6.12.2 Beijing Keyang Optoelectronic Technology Co., Ltd. Business Overview
- 6.12.3 Beijing Keyang Optoelectronic Technology Co., Ltd. ArF Excimer Fluoride Laser for Dermatology Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Beijing Keyang Optoelectronic Technology Co., Ltd. ArF Excimer Fluoride Laser for Dermatology Product Portfolio
- 6.12.5 Beijing Keyang Optoelectronic Technology Co., Ltd. Recent Developments
7 North America by Country
- 7.1 North America ArF Excimer Fluoride Laser for Dermatology Sales by Country
- 7.1.1 North America ArF Excimer Fluoride Laser for Dermatology Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America ArF Excimer Fluoride Laser for Dermatology Sales by Country (2021-2026)
- 7.1.3 North America ArF Excimer Fluoride Laser for Dermatology Sales Forecast by Country (2027-2032)
- 7.2 North America ArF Excimer Fluoride Laser for Dermatology Market Size by Country
- 7.2.1 North America ArF Excimer Fluoride Laser for Dermatology Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America ArF Excimer Fluoride Laser for Dermatology Market Size by Country (2021-2026)
- 7.2.3 North America ArF Excimer Fluoride Laser for Dermatology Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe ArF Excimer Fluoride Laser for Dermatology Sales by Country
- 8.1.1 Europe ArF Excimer Fluoride Laser for Dermatology Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe ArF Excimer Fluoride Laser for Dermatology Sales by Country (2021-2026)
- 8.1.3 Europe ArF Excimer Fluoride Laser for Dermatology Sales Forecast by Country (2027-2032)
- 8.2 Europe ArF Excimer Fluoride Laser for Dermatology Market Size by Country
- 8.2.1 Europe ArF Excimer Fluoride Laser for Dermatology Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe ArF Excimer Fluoride Laser for Dermatology Market Size by Country (2021-2026)
- 8.2.3 Europe ArF Excimer Fluoride Laser for Dermatology Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Sales by Country
- 9.1.1 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Market Size by Country
- 9.2.1 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific ArF Excimer Fluoride Laser for Dermatology Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America ArF Excimer Fluoride Laser for Dermatology Sales by Country
- 10.1.1 South America ArF Excimer Fluoride Laser for Dermatology Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America ArF Excimer Fluoride Laser for Dermatology Sales by Country (2021-2026)
- 10.1.3 South America ArF Excimer Fluoride Laser for Dermatology Sales Forecast by Country (2027-2032)
- 10.2 South America ArF Excimer Fluoride Laser for Dermatology Market Size by Country
- 10.2.1 South America ArF Excimer Fluoride Laser for Dermatology Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America ArF Excimer Fluoride Laser for Dermatology Market Size by Country (2021-2026)
- 10.2.3 South America ArF Excimer Fluoride Laser for Dermatology Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Sales by Country
- 11.1.1 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Market Size by Country
- 11.2.1 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa ArF Excimer Fluoride Laser for Dermatology Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 ArF Excimer Fluoride Laser for Dermatology Value Chain Analysis
- 12.1.1 ArF Excimer Fluoride Laser for Dermatology Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 ArF Excimer Fluoride Laser for Dermatology Production Mode & Process
- 12.2 ArF Excimer Fluoride Laser for Dermatology Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 ArF Excimer Fluoride Laser for Dermatology Distributors
- 12.2.3 ArF Excimer Fluoride Laser for Dermatology Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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