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Industry Research
Ultrasonic Facial Cleansing Device Industry Research Report 2026
Market perspective
The global Ultrasonic Facial Cleansing Device market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Ultrasonic Facial Cleansing Device 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 Ultrasonic Facial Cleansing Device is projected to rise 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 Ultrasonic Facial Cleansing Device is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Ultrasonic Facial Cleansing Device include RoseSkinCo., ZAQ, Halipax, PRIVECOSMETIC, ES® Beauty Solutions, Nulife Beauty, Skin Gym, Bio-Therapeutic and Bold Skincare, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Ultrasonic Facial Cleansing Device market in terms of revenue (US$ million) and, where applicable, sales volume (units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of Types and Applications, harmonizes vendor attribution, and presents comparable time series by company, Type, Application, and region/country, including indicative price bands (US$/units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for brand owners, manufacturers, retailers, channel partners, and investors; data are structured with consistent units and fields to facilitate integration into internal FP&A and BI systems.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Ultrasonic Facial Cleansing Device Market by Company
RoseSkinCo.
ZAQ
Halipax
PRIVECOSMETIC
ES® Beauty Solutions
Nulife Beauty
Skin Gym
Bio-Therapeutic
Bold Skincare
Rejuva Fresh
Wecavo
LumiLift
Rio beauty
BRUUN BEAUTY
Silk'n
Tripollar
Sisram Medical(LMNT)
K·SKIN
MTG
YA-MAN
Panasonic
FOREO
Ultrasonic Facial Cleansing Device Segment by Type
Combined With Micro-current Pulse
Ultrasound Technology Only Based
Ultrasonic Facial Cleansing Device Segment by Application
Beauty Salon
Home Use
Other
Ultrasonic Facial Cleansing Device 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 Ultrasonic Facial Cleansing Device 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 Ultrasonic Facial Cleansing Device 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 Ultrasonic Facial Cleansing Device.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc.), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Ultrasonic Facial Cleansing Device manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Ultrasonic Facial Cleansing Device by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Ultrasonic Facial Cleansing Device in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Combined With Micro-current Pulse
- Ultrasound Technology Only Based
Applications
- Beauty Salon
- Home Use
- Other
Companies covered
- RoseSkinCo.
- ZAQ
- Halipax
- PRIVECOSMETIC
- ES® Beauty Solutions
- Nulife Beauty
- Skin Gym
- Bio-Therapeutic
- Bold Skincare
- Rejuva Fresh
- Wecavo
- LumiLift
- Rio beauty
- BRUUN BEAUTY
- Silk'n
- Tripollar
- Sisram Medical(LMNT)
- K·SKIN
- MTG
- YA-MAN
- Panasonic
- FOREO
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Global Market Growth Prospects
- 2.2.1 Global Ultrasonic Facial Cleansing Device Market Size (2021-2032)
- 2.2.2 Global Ultrasonic Facial Cleansing Device Sales (2021-2032)
- 2.2.3 Global Ultrasonic Facial Cleansing Device Market Average Price (2021-2032)
- 2.3 Ultrasonic Facial Cleansing Device by Type
- 2.3.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Combined With Micro-current Pulse
- 2.3.3 Ultrasound Technology Only Based
- 2.4 Ultrasonic Facial Cleansing Device by Application
- 2.4.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.4.2 Beauty Salon
- 2.4.3 Home Use
- 2.4.4 Other
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Ultrasonic Facial Cleansing Device Market Competitive Situation by Manufacturers (2021 Versus 2025)
- 3.2 Global Ultrasonic Facial Cleansing Device Sales (units) of Manufacturers (2021-2026)
- 3.3 Global Ultrasonic Facial Cleansing Device Revenue of Manufacturers (2021-2026)
- 3.4 Global Ultrasonic Facial Cleansing Device Average Price by Manufacturers (2021-2026)
- 3.5 Global Ultrasonic Facial Cleansing Device Industry Ranking, 2024 VS 2025 VS 2026
- 3.6 Global Manufacturers of Ultrasonic Facial Cleansing Device, Manufacturing Sites & Headquarters
- 3.7 Global Manufacturers of Ultrasonic Facial Cleansing Device, Product Type & Application
- 3.8 Global Manufacturers of Ultrasonic Facial Cleansing Device, Established Date
- 3.9 Global Ultrasonic Facial Cleansing Device Market CR5 and HHI
- 3.10 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 RoseSkinCo.
- 4.1.1 RoseSkinCo. Company Information
- 4.1.2 RoseSkinCo. Business Overview
- 4.1.3 RoseSkinCo. Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.1.4 RoseSkinCo. Ultrasonic Facial Cleansing Device Product Portfolio
- 4.1.5 RoseSkinCo. Recent Developments
- 4.2 ZAQ
- 4.2.1 ZAQ Company Information
- 4.2.2 ZAQ Business Overview
- 4.2.3 ZAQ Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.2.4 ZAQ Ultrasonic Facial Cleansing Device Product Portfolio
- 4.2.5 ZAQ Recent Developments
- 4.3 Halipax
- 4.3.1 Halipax Company Information
- 4.3.2 Halipax Business Overview
- 4.3.3 Halipax Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.3.4 Halipax Ultrasonic Facial Cleansing Device Product Portfolio
- 4.3.5 Halipax Recent Developments
- 4.4 PRIVECOSMETIC
- 4.4.1 PRIVECOSMETIC Company Information
- 4.4.2 PRIVECOSMETIC Business Overview
- 4.4.3 PRIVECOSMETIC Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.4.4 PRIVECOSMETIC Ultrasonic Facial Cleansing Device Product Portfolio
- 4.4.5 PRIVECOSMETIC Recent Developments
- 4.5 ES® Beauty Solutions
- 4.5.1 ES® Beauty Solutions Company Information
- 4.5.2 ES® Beauty Solutions Business Overview
- 4.5.3 ES® Beauty Solutions Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.5.4 ES® Beauty Solutions Ultrasonic Facial Cleansing Device Product Portfolio
- 4.5.5 ES® Beauty Solutions Recent Developments
- 4.6 Nulife Beauty
- 4.6.1 Nulife Beauty Company Information
- 4.6.2 Nulife Beauty Business Overview
- 4.6.3 Nulife Beauty Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.6.4 Nulife Beauty Ultrasonic Facial Cleansing Device Product Portfolio
- 4.6.5 Nulife Beauty Recent Developments
- 4.7 Skin Gym
- 4.7.1 Skin Gym Company Information
- 4.7.2 Skin Gym Business Overview
- 4.7.3 Skin Gym Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.7.4 Skin Gym Ultrasonic Facial Cleansing Device Product Portfolio
- 4.7.5 Skin Gym Recent Developments
- 4.8 Bio-Therapeutic
- 4.8.1 Bio-Therapeutic Company Information
- 4.8.2 Bio-Therapeutic Business Overview
- 4.8.3 Bio-Therapeutic Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.8.4 Bio-Therapeutic Ultrasonic Facial Cleansing Device Product Portfolio
- 4.8.5 Bio-Therapeutic Recent Developments
- 4.9 Bold Skincare
- 4.9.1 Bold Skincare Company Information
- 4.9.2 Bold Skincare Business Overview
- 4.9.3 Bold Skincare Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.9.4 Bold Skincare Ultrasonic Facial Cleansing Device Product Portfolio
- 4.9.5 Bold Skincare Recent Developments
- 4.10 Rejuva Fresh
- 4.10.1 Rejuva Fresh Company Information
- 4.10.2 Rejuva Fresh Business Overview
- 4.10.3 Rejuva Fresh Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.10.4 Rejuva Fresh Ultrasonic Facial Cleansing Device Product Portfolio
- 4.10.5 Rejuva Fresh Recent Developments
- 4.11 Wecavo
- 4.11.1 Wecavo Company Information
- 4.11.2 Wecavo Business Overview
- 4.11.3 Wecavo Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.11.4 Wecavo Ultrasonic Facial Cleansing Device Product Portfolio
- 4.11.5 Wecavo Recent Developments
- 4.12 LumiLift
- 4.12.1 LumiLift Company Information
- 4.12.2 LumiLift Business Overview
- 4.12.3 LumiLift Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.12.4 LumiLift Ultrasonic Facial Cleansing Device Product Portfolio
- 4.12.5 LumiLift Recent Developments
- 4.13 Rio beauty
- 4.13.1 Rio beauty Company Information
- 4.13.2 Rio beauty Business Overview
- 4.13.3 Rio beauty Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.13.4 Rio beauty Ultrasonic Facial Cleansing Device Product Portfolio
- 4.13.5 Rio beauty Recent Developments
- 4.14 BRUUN BEAUTY
- 4.14.1 BRUUN BEAUTY Company Information
- 4.14.2 BRUUN BEAUTY Business Overview
- 4.14.3 BRUUN BEAUTY Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.14.4 BRUUN BEAUTY Ultrasonic Facial Cleansing Device Product Portfolio
- 4.14.5 BRUUN BEAUTY Recent Developments
- 4.15 Silk'n
- 4.15.1 Silk'n Company Information
- 4.15.2 Silk'n Business Overview
- 4.15.3 Silk'n Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.15.4 Silk'n Ultrasonic Facial Cleansing Device Product Portfolio
- 4.15.5 Silk'n Recent Developments
- 4.16 Tripollar
- 4.16.1 Tripollar Company Information
- 4.16.2 Tripollar Business Overview
- 4.16.3 Tripollar Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.16.4 Tripollar Ultrasonic Facial Cleansing Device Product Portfolio
- 4.16.5 Tripollar Recent Developments
- 4.17 Sisram Medical(LMNT)
- 4.17.1 Sisram Medical(LMNT) Company Information
- 4.17.2 Sisram Medical(LMNT) Business Overview
- 4.17.3 Sisram Medical(LMNT) Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.17.4 Sisram Medical(LMNT) Ultrasonic Facial Cleansing Device Product Portfolio
- 4.17.5 Sisram Medical(LMNT) Recent Developments
- 4.18 K·SKIN
- 4.18.1 K·SKIN Company Information
- 4.18.2 K·SKIN Business Overview
- 4.18.3 K·SKIN Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.18.4 K·SKIN Ultrasonic Facial Cleansing Device Product Portfolio
- 4.18.5 K·SKIN Recent Developments
- 4.19 MTG
- 4.19.1 MTG Company Information
- 4.19.2 MTG Business Overview
- 4.19.3 MTG Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.19.4 MTG Ultrasonic Facial Cleansing Device Product Portfolio
- 4.19.5 MTG Recent Developments
- 4.20 YA-MAN
- 4.20.1 YA-MAN Company Information
- 4.20.2 YA-MAN Business Overview
- 4.20.3 YA-MAN Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.20.4 YA-MAN Ultrasonic Facial Cleansing Device Product Portfolio
- 4.20.5 YA-MAN Recent Developments
- 4.21 Panasonic
- 4.21.1 Panasonic Company Information
- 4.21.2 Panasonic Business Overview
- 4.21.3 Panasonic Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.21.4 Panasonic Ultrasonic Facial Cleansing Device Product Portfolio
- 4.21.5 Panasonic Recent Developments
- 4.22 FOREO
- 4.22.1 FOREO Company Information
- 4.22.2 FOREO Business Overview
- 4.22.3 FOREO Ultrasonic Facial Cleansing Device Sales, Revenue and Gross Margin (2021-2026)
- 4.22.4 FOREO Ultrasonic Facial Cleansing Device Product Portfolio
- 4.22.5 FOREO Recent Developments
5 Global Ultrasonic Facial Cleansing Device Market Scenario by Region
- 5.1 Global Ultrasonic Facial Cleansing Device Market Size by Region: 2021 VS 2025 VS 2032
- 5.2 Global Ultrasonic Facial Cleansing Device Sales by Region: 2021-2032
- 5.2.1 Global Ultrasonic Facial Cleansing Device Sales by Region: 2021-2026
- 5.2.2 Global Ultrasonic Facial Cleansing Device Sales by Region: 2027-2032
- 5.3 Global Ultrasonic Facial Cleansing Device Revenue by Region: 2021-2032
- 5.3.1 Global Ultrasonic Facial Cleansing Device Revenue by Region: 2021-2026
- 5.3.2 Global Ultrasonic Facial Cleansing Device Revenue by Region: 2027-2032
- 5.4 North America Ultrasonic Facial Cleansing Device Market Facts & Figures by Country
- 5.4.1 North America Ultrasonic Facial Cleansing Device Market Size by Country: 2021 VS 2025 VS 2032
- 5.4.2 North America Ultrasonic Facial Cleansing Device Sales by Country (2021-2032)
- 5.4.3 North America Ultrasonic Facial Cleansing Device Revenue by Country (2021-2032)
- 5.4.4 United States
- 5.4.5 Canada
- 5.4.6 Mexico
- 5.5 Europe Ultrasonic Facial Cleansing Device Market Facts & Figures by Country
- 5.5.1 Europe Ultrasonic Facial Cleansing Device Market Size by Country: 2021 VS 2025 VS 2032
- 5.5.2 Europe Ultrasonic Facial Cleansing Device Sales by Country (2021-2032)
- 5.5.3 Europe Ultrasonic Facial Cleansing Device Revenue by Country (2021-2032)
- 5.5.4 Germany
- 5.5.5 France
- 5.5.6 U.K.
- 5.5.7 Italy
- 5.5.8 Russia
- 5.5.9 Spain
- 5.5.10 Netherlands
- 5.5.11 Switzerland
- 5.5.12 Sweden
- 5.5.13 Poland
- 5.6 Asia Pacific Ultrasonic Facial Cleansing Device Market Facts & Figures by Country
- 5.6.1 Asia Pacific Ultrasonic Facial Cleansing Device Market Size by Country: 2021 VS 2025 VS 2032
- 5.6.2 Asia Pacific Ultrasonic Facial Cleansing Device Sales by Country (2021-2032)
- 5.6.3 Asia Pacific Ultrasonic Facial Cleansing Device Revenue by Country (2021-2032)
- 5.6.4 China
- 5.6.5 Japan
- 5.6.6 South Korea
- 5.6.7 India
- 5.6.8 Australia
- 5.6.9 Taiwan
- 5.6.10 Southeast Asia
- 5.7 South America Ultrasonic Facial Cleansing Device Market Facts & Figures by Country
- 5.7.1 South America Ultrasonic Facial Cleansing Device Market Size by Country: 2021 VS 2025 VS 2032
- 5.7.2 South America Ultrasonic Facial Cleansing Device Sales by Country (2021-2032)
- 5.7.3 South America Ultrasonic Facial Cleansing Device Revenue by Country (2021-2032)
- 5.7.4 Brazil
- 5.7.5 Argentina
- 5.7.6 Chile
- 5.8 Middle East and Africa Ultrasonic Facial Cleansing Device Market Facts & Figures by Country
- 5.8.1 Middle East and Africa Ultrasonic Facial Cleansing Device Market Size by Country: 2021 VS 2025 VS 2032
- 5.8.2 Middle East and Africa Ultrasonic Facial Cleansing Device Sales by Country (2021-2032)
- 5.8.3 Middle East and Africa Ultrasonic Facial Cleansing Device Revenue by Country (2021-2032)
- 5.8.4 Egypt
- 5.8.5 South Africa
- 5.8.6 Israel
- 5.8.7 Türkiye
- 5.8.8 GCC Countries
6 Segment by Type
- 6.1 Global Ultrasonic Facial Cleansing Device Sales by Type (2021-2032)
- 6.1.1 Global Ultrasonic Facial Cleansing Device Sales by Type (2021-2032) & (units)
- 6.1.2 Global Ultrasonic Facial Cleansing Device Sales Market Share by Type (2021-2032)
- 6.2 Global Ultrasonic Facial Cleansing Device Revenue by Type (2021-2032)
- 6.2.1 Global Ultrasonic Facial Cleansing Device Sales by Type (2021-2032) & (US$ Million)
- 6.2.2 Global Ultrasonic Facial Cleansing Device Revenue Market Share by Type (2021-2032)
- 6.3 Global Ultrasonic Facial Cleansing Device Price by Type (2021-2032)
7 Segment by Application
- 7.1 Global Ultrasonic Facial Cleansing Device Sales by Application (2021-2032)
- 7.1.1 Global Ultrasonic Facial Cleansing Device Sales by Application (2021-2032) & (units)
- 7.1.2 Global Ultrasonic Facial Cleansing Device Sales Market Share by Application (2021-2032)
- 7.2 Global Ultrasonic Facial Cleansing Device Revenue by Application (2021-2032)
- 7.2.1 Global Ultrasonic Facial Cleansing Device Sales by Application (2021-2032) & (US$ Million)
- 7.2.2 Global Ultrasonic Facial Cleansing Device Revenue Market Share by Application (2021-2032)
- 7.3 Global Ultrasonic Facial Cleansing Device Price by Application (2021-2032)
8 Value Chain and Sales Channels Analysis of the Market
- 8.1 Ultrasonic Facial Cleansing Device Value Chain Analysis
- 8.1.1 Ultrasonic Facial Cleansing Device Key Raw Materials
- 8.1.2 Raw Materials Key Suppliers
- 8.1.3 Ultrasonic Facial Cleansing Device Production Mode & Process
- 8.2 Ultrasonic Facial Cleansing Device Sales Channels Analysis
- 8.2.1 Direct Comparison with Distribution Share
- 8.2.2 Ultrasonic Facial Cleansing Device Distributors
- 8.2.3 Ultrasonic Facial Cleansing Device Customers
9 Global Ultrasonic Facial Cleansing Device Analyzing Market Dynamics
- 9.1 Ultrasonic Facial Cleansing Device Industry Trends
- 9.2 Ultrasonic Facial Cleansing Device Industry Drivers
- 9.3 Ultrasonic Facial Cleansing Device Industry Opportunities and Challenges
- 9.4 Ultrasonic Facial Cleansing Device Industry Restraints
10 Report Conclusion
11 Disclaimer
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