Selected research
Market Analysis & Forecast
Global Facial Aesthetic Product Market Analysis and Forecast 2026-2032
Market perspective
The global Facial Aesthetic Product market is projected to grow from US$ million in 2026 to US$ million by 2032, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The US & Canada market for Facial Aesthetic Product is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
Europe market for Facial Aesthetic Product is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
Read the full market overview
Asia-Pacific market for Facial Aesthetic Product is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
The China market for Facial Aesthetic Product is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
The major global manufacturers of Facial Aesthetic Product include Allergan, Bohus BioTech, Daewoong, Galderma, Hugel, IMEIK, Ipsen, LIBP and Luminera, etc. In 2025, the world's top three vendors accounted for approximately % of the revenue.
This report presents an overview of global market for Facial Aesthetic Product, sales, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Facial Aesthetic Product, also provides the sales of main regions and countries. Of the upcoming market potential for Facial Aesthetic Product, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Facial Aesthetic Product sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Facial Aesthetic Product market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Facial Aesthetic Product sales, projected growth trends, production technology, application and end-user industry.
Facial Aesthetic Product Segment by Company
Allergan
Bohus BioTech
Daewoong
Galderma
Hugel
IMEIK
Ipsen
LIBP
Luminera
Medytox
Merz
Sinclair Pharma
Suneva Medical
Teoxane
US World Meds
Facial Aesthetic Product Segment by Type
Chemical Peel
Dermal Fillers
Botox
Others
Facial Aesthetic Product Segment by Application
Hospitals
Aesthetic Clinics
Beauty Salon
Facial Aesthetic Product Segment by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Netherlands
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
South America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Study Objectives
1. To analyze and research the global status and future forecast, involving growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, sales, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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 Facial Aesthetic Product 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 Facial Aesthetic Product 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 sales 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 Facial Aesthetic Product.
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 report scope of the report, executive summary of different market segments (by type and by 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 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: Sales (consumption), revenue of Facial Aesthetic Product in global, 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 of each country in the world.
Chapter 4: Detailed analysis of Facial Aesthetic Product manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Facial Aesthetic Product sales, revenue, price, gross margin, and recent development, etc.
Chapter 8: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 9: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 10: China type, by application, sales, and revenue for each segment.
Chapter 11: Asia (excluding China) type, by application and by region, sales, and revenue for each segment.
Chapter 12: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Chemical Peel
- Dermal Fillers
- Botox
- Others
Applications
- Hospitals
- Aesthetic Clinics
- Beauty Salon
Companies covered
- Allergan
- Bohus BioTech
- Daewoong
- Galderma
- Hugel
- IMEIK
- Ipsen
- LIBP
- Luminera
- Medytox
- Merz
- Sinclair Pharma
- Suneva Medical
- Teoxane
- US World Meds
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Facial Aesthetic Product Market by Type
- 1.2.1 Global Facial Aesthetic Product Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Chemical Peel
- 1.2.3 Dermal Fillers
- 1.2.4 Botox
- 1.2.5 Others
- 1.3 Facial Aesthetic Product Market by Application
- 1.3.1 Global Facial Aesthetic Product Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Hospitals
- 1.3.3 Aesthetic Clinics
- 1.3.4 Beauty Salon
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Facial Aesthetic Product Market Dynamics
- 2.1 Facial Aesthetic Product Industry Trends
- 2.2 Facial Aesthetic Product Industry Drivers
- 2.3 Facial Aesthetic Product Industry Opportunities and Challenges
- 2.4 Facial Aesthetic Product Industry Restraints
3 Global Market Growth Prospects
- 3.1 Global Facial Aesthetic Product Revenue Estimates and Forecasts (2021-2032)
- 3.2 Global Facial Aesthetic Product Revenue by Region
- 3.2.1 Global Facial Aesthetic Product Revenue by Region: 2021 VS 2025 VS 2032
- 3.2.2 Global Facial Aesthetic Product Revenue by Region (2021-2026)
- 3.2.3 Global Facial Aesthetic Product Revenue by Region (2027-2032)
- 3.2.4 Global Facial Aesthetic Product Revenue Market Share by Region (2021-2032)
- 3.3 Global Facial Aesthetic Product Sales Estimates and Forecasts 2021-2032
- 3.4 Global Facial Aesthetic Product Sales by Region
- 3.4.1 Global Facial Aesthetic Product Sales by Region: 2021 VS 2025 VS 2032
- 3.4.2 Global Facial Aesthetic Product Sales by Region (2021-2026)
- 3.4.3 Global Facial Aesthetic Product Sales by Region (2027-2032)
- 3.4.4 Global Facial Aesthetic Product Sales Market Share by Region (2021-2032)
- 3.5 US & Canada & Mexico
- 3.6 Europe
- 3.7 China
- 3.8 Asia (Excluding China)
- 3.9 South America, Middle East and Africa
4 Market Competitive Landscape by Manufacturers
- 4.1 Global Facial Aesthetic Product Revenue by Manufacturers
- 4.1.1 Global Facial Aesthetic Product Revenue by Manufacturers (2021-2026)
- 4.1.2 Global Facial Aesthetic Product Revenue Market Share by Manufacturers (2021-2026)
- 4.1.3 Global Facial Aesthetic Product Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 4.2 Global Facial Aesthetic Product Sales by Manufacturers
- 4.2.1 Global Facial Aesthetic Product Sales by Manufacturers (2021-2026)
- 4.2.2 Global Facial Aesthetic Product Sales Market Share by Manufacturers (2021-2026)
- 4.2.3 Global Facial Aesthetic Product Manufacturers Sales Share Top 10 and Top 5 in 2025
- 4.3 Global Facial Aesthetic Product Sales Price by Manufacturers (2021-2026)
- 4.4 Global Facial Aesthetic Product Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 4.5 Global Facial Aesthetic Product Key Manufacturers Manufacturing Sites & Headquarters
- 4.6 Global Facial Aesthetic Product Manufacturers, Product Type & Application
- 4.7 Global Facial Aesthetic Product Manufacturers' Establishment Date
- 4.8 Market Competitive Analysis
- 4.8.1 Global Facial Aesthetic Product Market CR5 and HHI
- 4.8.2 2025 Facial Aesthetic Product Tier 1, Tier 2, and Tier 3
5 Facial Aesthetic Product Market by Type
- 5.1 Global Facial Aesthetic Product Revenue by Type
- 5.1.1 Global Facial Aesthetic Product Revenue by Type (2021 VS 2025 VS 2032)
- 5.1.2 Global Facial Aesthetic Product Revenue by Type (2021-2032) & (US$ Million)
- 5.1.3 Global Facial Aesthetic Product Revenue Market Share by Type (2021-2032)
- 5.2 Global Facial Aesthetic Product Sales by Type
- 5.2.1 Global Facial Aesthetic Product Sales by Type (2021 VS 2025 VS 2032)
- 5.2.2 Global Facial Aesthetic Product Sales by Type (2021-2032) & (K Units)
- 5.2.3 Global Facial Aesthetic Product Sales Market Share by Type (2021-2032)
- 5.3 Global Facial Aesthetic Product Price by Type
6 Facial Aesthetic Product Market by Application
- 6.1 Global Facial Aesthetic Product Revenue by Application
- 6.1.1 Global Facial Aesthetic Product Revenue by Application (2021 VS 2025 VS 2032)
- 6.1.2 Global Facial Aesthetic Product Revenue by Application (2021-2032) & (US$ Million)
- 6.1.3 Global Facial Aesthetic Product Revenue Market Share by Application (2021-2032)
- 6.2 Global Facial Aesthetic Product Sales by Application
- 6.2.1 Global Facial Aesthetic Product Sales by Application (2021 VS 2025 VS 2032)
- 6.2.2 Global Facial Aesthetic Product Sales by Application (2021-2032) & (K Units)
- 6.2.3 Global Facial Aesthetic Product Sales Market Share by Application (2021-2032)
- 6.3 Global Facial Aesthetic Product Price by Application
7 Company Profiles
- 7.1 Allergan
- 7.1.1 Allergan Company Information
- 7.1.2 Allergan Business Overview
- 7.1.3 Allergan Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.1.4 Allergan Facial Aesthetic Product Product Portfolio
- 7.1.5 Allergan Recent Developments
- 7.2 Bohus BioTech
- 7.2.1 Bohus BioTech Company Information
- 7.2.2 Bohus BioTech Business Overview
- 7.2.3 Bohus BioTech Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.2.4 Bohus BioTech Facial Aesthetic Product Product Portfolio
- 7.2.5 Bohus BioTech Recent Developments
- 7.3 Daewoong
- 7.3.1 Daewoong Company Information
- 7.3.2 Daewoong Business Overview
- 7.3.3 Daewoong Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.3.4 Daewoong Facial Aesthetic Product Product Portfolio
- 7.3.5 Daewoong Recent Developments
- 7.4 Galderma
- 7.4.1 Galderma Company Information
- 7.4.2 Galderma Business Overview
- 7.4.3 Galderma Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.4.4 Galderma Facial Aesthetic Product Product Portfolio
- 7.4.5 Galderma Recent Developments
- 7.5 Hugel
- 7.5.1 Hugel Company Information
- 7.5.2 Hugel Business Overview
- 7.5.3 Hugel Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.5.4 Hugel Facial Aesthetic Product Product Portfolio
- 7.5.5 Hugel Recent Developments
- 7.6 IMEIK
- 7.6.1 IMEIK Company Information
- 7.6.2 IMEIK Business Overview
- 7.6.3 IMEIK Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.6.4 IMEIK Facial Aesthetic Product Product Portfolio
- 7.6.5 IMEIK Recent Developments
- 7.7 Ipsen
- 7.7.1 Ipsen Company Information
- 7.7.2 Ipsen Business Overview
- 7.7.3 Ipsen Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.7.4 Ipsen Facial Aesthetic Product Product Portfolio
- 7.7.5 Ipsen Recent Developments
- 7.8 LIBP
- 7.8.1 LIBP Company Information
- 7.8.2 LIBP Business Overview
- 7.8.3 LIBP Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.8.4 LIBP Facial Aesthetic Product Product Portfolio
- 7.8.5 LIBP Recent Developments
- 7.9 Luminera
- 7.9.1 Luminera Company Information
- 7.9.2 Luminera Business Overview
- 7.9.3 Luminera Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.9.4 Luminera Facial Aesthetic Product Product Portfolio
- 7.9.5 Luminera Recent Developments
- 7.10 Medytox
- 7.10.1 Medytox Company Information
- 7.10.2 Medytox Business Overview
- 7.10.3 Medytox Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.10.4 Medytox Facial Aesthetic Product Product Portfolio
- 7.10.5 Medytox Recent Developments
- 7.11 Merz
- 7.11.1 Merz Company Information
- 7.11.2 Merz Business Overview
- 7.11.3 Merz Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.11.4 Merz Facial Aesthetic Product Product Portfolio
- 7.11.5 Merz Recent Developments
- 7.12 Sinclair Pharma
- 7.12.1 Sinclair Pharma Company Information
- 7.12.2 Sinclair Pharma Business Overview
- 7.12.3 Sinclair Pharma Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.12.4 Sinclair Pharma Facial Aesthetic Product Product Portfolio
- 7.12.5 Sinclair Pharma Recent Developments
- 7.13 Suneva Medical
- 7.13.1 Suneva Medical Company Information
- 7.13.2 Suneva Medical Business Overview
- 7.13.3 Suneva Medical Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.13.4 Suneva Medical Facial Aesthetic Product Product Portfolio
- 7.13.5 Suneva Medical Recent Developments
- 7.14 Teoxane
- 7.14.1 Teoxane Company Information
- 7.14.2 Teoxane Business Overview
- 7.14.3 Teoxane Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.14.4 Teoxane Facial Aesthetic Product Product Portfolio
- 7.14.5 Teoxane Recent Developments
- 7.15 US World Meds
- 7.15.1 US World Meds Company Information
- 7.15.2 US World Meds Business Overview
- 7.15.3 US World Meds Facial Aesthetic Product Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.15.4 US World Meds Facial Aesthetic Product Product Portfolio
- 7.15.5 US World Meds Recent Developments
8 North America
- 8.1 North America Facial Aesthetic Product Market Size by Type
- 8.1.1 North America Facial Aesthetic Product Revenue by Type (2021-2032)
- 8.1.2 North America Facial Aesthetic Product Sales by Type (2021-2032)
- 8.1.3 North America Facial Aesthetic Product Price by Type (2021-2032)
- 8.2 North America Facial Aesthetic Product Market Size by Application
- 8.2.1 North America Facial Aesthetic Product Revenue by Application (2021-2032)
- 8.2.2 North America Facial Aesthetic Product Sales by Application (2021-2032)
- 8.2.3 North America Facial Aesthetic Product Price by Application (2021-2032)
- 8.3 North America Facial Aesthetic Product Market Size by Country
- 8.3.1 North America Facial Aesthetic Product Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 8.3.2 North America Facial Aesthetic Product Sales by Country (2021 VS 2025 VS 2032)
- 8.3.3 North America Facial Aesthetic Product Price by Country (2021-2032)
- 8.3.4 United States
- 8.3.5 Canada
9 Europe
- 9.1 Europe Facial Aesthetic Product Market Size by Type
- 9.1.1 Europe Facial Aesthetic Product Revenue by Type (2021-2032)
- 9.1.2 Europe Facial Aesthetic Product Sales by Type (2021-2032)
- 9.1.3 Europe Facial Aesthetic Product Price by Type (2021-2032)
- 9.2 Europe Facial Aesthetic Product Market Size by Application
- 9.2.1 Europe Facial Aesthetic Product Revenue by Application (2021-2032)
- 9.2.2 Europe Facial Aesthetic Product Sales by Application (2021-2032)
- 9.2.3 Europe Facial Aesthetic Product Price by Application (2021-2032)
- 9.3 Europe Facial Aesthetic Product Market Size by Country
- 9.3.1 Europe Facial Aesthetic Product Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 Europe Facial Aesthetic Product Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 Europe Facial Aesthetic Product Price by Country (2021-2032)
- 9.3.4 Germany
- 9.3.5 France
- 9.3.6 U.K.
- 9.3.7 Italy
- 9.3.8 Netherlands
10 China
- 10.1 China Facial Aesthetic Product Market Size by Type
- 10.1.1 China Facial Aesthetic Product Revenue by Type (2021-2032)
- 10.1.2 China Facial Aesthetic Product Sales by Type (2021-2032)
- 10.1.3 China Facial Aesthetic Product Price by Type (2021-2032)
- 10.2 China Facial Aesthetic Product Market Size by Application
- 10.2.1 China Facial Aesthetic Product Revenue by Application (2021-2032)
- 10.2.2 China Facial Aesthetic Product Sales by Application (2021-2032)
- 10.2.3 China Facial Aesthetic Product Price by Application (2021-2032)
11 Asia (Excluding China)
- 11.1 Asia Facial Aesthetic Product Market Size by Type
- 11.1.1 Asia Facial Aesthetic Product Revenue by Type (2021-2032)
- 11.1.2 Asia Facial Aesthetic Product Sales by Type (2021-2032)
- 11.1.3 Asia Facial Aesthetic Product Price by Type (2021-2032)
- 11.2 Asia Facial Aesthetic Product Market Size by Application
- 11.2.1 Asia Facial Aesthetic Product Revenue by Application (2021-2032)
- 11.2.2 Asia Facial Aesthetic Product Sales by Application (2021-2032)
- 11.2.3 Asia Facial Aesthetic Product Price by Application (2021-2032)
- 11.3 Asia Facial Aesthetic Product Market Size by Country
- 11.3.1 Asia Facial Aesthetic Product Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 11.3.2 Asia Facial Aesthetic Product Sales by Country (2021 VS 2025 VS 2032)
- 11.3.3 Asia Facial Aesthetic Product Price by Country (2021-2032)
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 India
- 11.3.7 Australia
- 11.3.8 Taiwan
- 11.3.9 Southeast Asia
12 South America, Middle East and Africa
- 12.1 SAMEA Facial Aesthetic Product Market Size by Type
- 12.1.1 SAMEA Facial Aesthetic Product Revenue by Type (2021-2032)
- 12.1.2 SAMEA Facial Aesthetic Product Sales by Type (2021-2032)
- 12.1.3 SAMEA Facial Aesthetic Product Price by Type (2021-2032)
- 12.2 SAMEA Facial Aesthetic Product Market Size by Application
- 12.2.1 SAMEA Facial Aesthetic Product Revenue by Application (2021-2032)
- 12.2.2 SAMEA Facial Aesthetic Product Sales by Application (2021-2032)
- 12.2.3 SAMEA Facial Aesthetic Product Price by Application (2021-2032)
- 12.3 SAMEA Facial Aesthetic Product Market Size by Country
- 12.3.1 SAMEA Facial Aesthetic Product Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 SAMEA Facial Aesthetic Product Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 SAMEA Facial Aesthetic Product Price by Country (2021-2032)
- 12.3.4 Brazil
- 12.3.5 Argentina
- 12.3.6 Chile
- 12.3.7 Colombia
- 12.3.8 Peru
- 12.3.9 Saudi Arabia
- 12.3.10 Israel
- 12.3.11 UAE
- 12.3.12 Turkey
- 12.3.13 Iran
- 12.3.14 Egypt
13 Value Chain and Sales Channels Analysis
- 13.1 Facial Aesthetic Product Value Chain Analysis
- 13.1.1 Facial Aesthetic Product Key Raw Materials
- 13.1.2 Raw Materials Key Suppliers
- 13.1.3 Manufacturing Cost Structure
- 13.1.4 Facial Aesthetic Product Production Mode & Process
- 13.2 Facial Aesthetic Product Sales Channels Analysis
- 13.2.1 Direct Comparison with Distribution Share
- 13.2.2 Facial Aesthetic Product Distributors
- 13.2.3 Facial Aesthetic Product Customers
14 Concluding Insights
15 Appendix
- 15.1 Reasons for Doing This Study
- 15.2 Research Methodology
- 15.3 Research Process
- 15.4 Authors List of This Report
- 15.5 Data Source
- 15.5.1 Secondary Sources
- 15.5.2 Primary Sources
- 15.6 Disclaimer
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