APO RESEARCH · REPORT
Erectile Dysfunction Drugs
Erectile dysfunction (ED), also known as impotence, is a type of sexual dysfunction characterized by the inability to develop or maintain an erection of the penis during sexual activity. Erectile dysfunction can have psychological consequences as it can be tied to relationship difficulties and self-image.
Product & engineering
Understand the product.
Erectile dysfunction (ED), also known as impotence, is a type of sexual dysfunction characterized by the inability to develop or maintain an erection of the penis during sexual activity. Erectile dysfunction can have psychological consequences as it can be tied to relationship difficulties and self-image.
Selected research
Market Analysis & Forecast
Global Erectile Dysfunction Drugs Market Analysis and Forecast 2026-2032
Market perspective
Erectile dysfunction (ED), also known as impotence, is a type of sexual dysfunction characterized by the inability to develop or maintain an erection of the penis during sexual activity. Erectile dysfunction can have psychological consequences as it can be tied to relationship difficulties and self-image.
North America is the largest Erectile Dysfunction Drugs market with about 39% market share. Europe is follower, accounting for about 30% market share.
The key players are Eli Lilly, Pfizer, Bayer, BaiYunShan General Factory, S.K. Chemicals, Teva Pharma, Dong-A ST, Metuchen Pharma, Seoul Pharma, CSBIO. etc. Top 3 companies occupied about 57% market share.
Read the full market overview
This report presents an overview of global market for Erectile Dysfunction Drugs, 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 Erectile Dysfunction Drugs, also provides the sales of main regions and countries. Of the upcoming market potential for Erectile Dysfunction Drugs, 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 Erectile Dysfunction Drugs sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Erectile Dysfunction Drugs 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 Erectile Dysfunction Drugs sales, projected growth trends, production technology, application and end-user industry.
Erectile Dysfunction Drugs Segment by Company
Eli Lilly
Pfizer
Bayer
BaiYunShan General Factory
S.K. Chemicals
Teva Pharma
Dong-A ST
Metuchen Pharma
Seoul Pharma
CSBIO.
Erectile Dysfunction Drugs Segment by Type
Sildenafil
Tadalafil
Others
Erectile Dysfunction Drugs Segment by Application
Hospital Pharmacies
Private Clinics
Retail Pharmacies
E-Commerce (B2B)
E-Commerce (B2C)
Erectile Dysfunction Drugs 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
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 Erectile Dysfunction Drugs 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 Erectile Dysfunction Drugs 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 Erectile Dysfunction Drugs.
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 Erectile Dysfunction Drugs 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 Erectile Dysfunction Drugs 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, Erectile Dysfunction Drugs 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
- Sildenafil
- Tadalafil
- Others
Applications
- Hospital Pharmacies
- Private Clinics
- Retail Pharmacies
- E-Commerce (B2B)
- E-Commerce (B2C)
Companies covered
- Eli Lilly
- Pfizer
- Bayer
- BaiYunShan General Factory
- S.K. Chemicals
- Teva Pharma
- Dong-A ST
- Metuchen Pharma
- Seoul Pharma
- CSBIO.
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Erectile Dysfunction Drugs Market by Type
- 1.2.1 Global Erectile Dysfunction Drugs Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Sildenafil
- 1.2.3 Tadalafil
- 1.2.4 Others
- 1.3 Erectile Dysfunction Drugs Market by Application
- 1.3.1 Global Erectile Dysfunction Drugs Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Hospital Pharmacies
- 1.3.3 Private Clinics
- 1.3.4 Retail Pharmacies
- 1.3.5 E-Commerce (B2B)
- 1.3.6 E-Commerce (B2C)
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Erectile Dysfunction Drugs Market Dynamics
- 2.1 Erectile Dysfunction Drugs Industry Trends
- 2.2 Erectile Dysfunction Drugs Industry Drivers
- 2.3 Erectile Dysfunction Drugs Industry Opportunities and Challenges
- 2.4 Erectile Dysfunction Drugs Industry Restraints
3 Global Market Growth Prospects
- 3.1 Global Erectile Dysfunction Drugs Revenue Estimates and Forecasts (2021-2032)
- 3.2 Global Erectile Dysfunction Drugs Revenue by Region
- 3.2.1 Global Erectile Dysfunction Drugs Revenue by Region: 2021 VS 2025 VS 2032
- 3.2.2 Global Erectile Dysfunction Drugs Revenue by Region (2021-2026)
- 3.2.3 Global Erectile Dysfunction Drugs Revenue by Region (2027-2032)
- 3.2.4 Global Erectile Dysfunction Drugs Revenue Market Share by Region (2021-2032)
- 3.3 Global Erectile Dysfunction Drugs Sales Estimates and Forecasts 2021-2032
- 3.4 Global Erectile Dysfunction Drugs Sales by Region
- 3.4.1 Global Erectile Dysfunction Drugs Sales by Region: 2021 VS 2025 VS 2032
- 3.4.2 Global Erectile Dysfunction Drugs Sales by Region (2021-2026)
- 3.4.3 Global Erectile Dysfunction Drugs Sales by Region (2027-2032)
- 3.4.4 Global Erectile Dysfunction Drugs 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 Erectile Dysfunction Drugs Revenue by Manufacturers
- 4.1.1 Global Erectile Dysfunction Drugs Revenue by Manufacturers (2021-2026)
- 4.1.2 Global Erectile Dysfunction Drugs Revenue Market Share by Manufacturers (2021-2026)
- 4.1.3 Global Erectile Dysfunction Drugs Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 4.2 Global Erectile Dysfunction Drugs Sales by Manufacturers
- 4.2.1 Global Erectile Dysfunction Drugs Sales by Manufacturers (2021-2026)
- 4.2.2 Global Erectile Dysfunction Drugs Sales Market Share by Manufacturers (2021-2026)
- 4.2.3 Global Erectile Dysfunction Drugs Manufacturers Sales Share Top 10 and Top 5 in 2025
- 4.3 Global Erectile Dysfunction Drugs Sales Price by Manufacturers (2021-2026)
- 4.4 Global Erectile Dysfunction Drugs Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 4.5 Global Erectile Dysfunction Drugs Key Manufacturers Manufacturing Sites & Headquarters
- 4.6 Global Erectile Dysfunction Drugs Manufacturers, Product Type & Application
- 4.7 Global Erectile Dysfunction Drugs Manufacturers' Establishment Date
- 4.8 Market Competitive Analysis
- 4.8.1 Global Erectile Dysfunction Drugs Market CR5 and HHI
- 4.8.2 2025 Erectile Dysfunction Drugs Tier 1, Tier 2, and Tier 3
5 Erectile Dysfunction Drugs Market by Type
- 5.1 Global Erectile Dysfunction Drugs Revenue by Type
- 5.1.1 Global Erectile Dysfunction Drugs Revenue by Type (2021 VS 2025 VS 2032)
- 5.1.2 Global Erectile Dysfunction Drugs Revenue by Type (2021-2032) & (US$ Million)
- 5.1.3 Global Erectile Dysfunction Drugs Revenue Market Share by Type (2021-2032)
- 5.2 Global Erectile Dysfunction Drugs Sales by Type
- 5.2.1 Global Erectile Dysfunction Drugs Sales by Type (2021 VS 2025 VS 2032)
- 5.2.2 Global Erectile Dysfunction Drugs Sales by Type (2021-2032) & (M Pill)
- 5.2.3 Global Erectile Dysfunction Drugs Sales Market Share by Type (2021-2032)
- 5.3 Global Erectile Dysfunction Drugs Price by Type
6 Erectile Dysfunction Drugs Market by Application
- 6.1 Global Erectile Dysfunction Drugs Revenue by Application
- 6.1.1 Global Erectile Dysfunction Drugs Revenue by Application (2021 VS 2025 VS 2032)
- 6.1.2 Global Erectile Dysfunction Drugs Revenue by Application (2021-2032) & (US$ Million)
- 6.1.3 Global Erectile Dysfunction Drugs Revenue Market Share by Application (2021-2032)
- 6.2 Global Erectile Dysfunction Drugs Sales by Application
- 6.2.1 Global Erectile Dysfunction Drugs Sales by Application (2021 VS 2025 VS 2032)
- 6.2.2 Global Erectile Dysfunction Drugs Sales by Application (2021-2032) & (M Pill)
- 6.2.3 Global Erectile Dysfunction Drugs Sales Market Share by Application (2021-2032)
- 6.3 Global Erectile Dysfunction Drugs Price by Application
7 Company Profiles
- 7.1 Eli Lilly
- 7.1.1 Eli Lilly Company Information
- 7.1.2 Eli Lilly Business Overview
- 7.1.3 Eli Lilly Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.1.4 Eli Lilly Erectile Dysfunction Drugs Product Portfolio
- 7.1.5 Eli Lilly Recent Developments
- 7.2 Pfizer
- 7.2.1 Pfizer Company Information
- 7.2.2 Pfizer Business Overview
- 7.2.3 Pfizer Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.2.4 Pfizer Erectile Dysfunction Drugs Product Portfolio
- 7.2.5 Pfizer Recent Developments
- 7.3 Bayer
- 7.3.1 Bayer Company Information
- 7.3.2 Bayer Business Overview
- 7.3.3 Bayer Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.3.4 Bayer Erectile Dysfunction Drugs Product Portfolio
- 7.3.5 Bayer Recent Developments
- 7.4 BaiYunShan General Factory
- 7.4.1 BaiYunShan General Factory Company Information
- 7.4.2 BaiYunShan General Factory Business Overview
- 7.4.3 BaiYunShan General Factory Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.4.4 BaiYunShan General Factory Erectile Dysfunction Drugs Product Portfolio
- 7.4.5 BaiYunShan General Factory Recent Developments
- 7.5 S.K. Chemicals
- 7.5.1 S.K. Chemicals Company Information
- 7.5.2 S.K. Chemicals Business Overview
- 7.5.3 S.K. Chemicals Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.5.4 S.K. Chemicals Erectile Dysfunction Drugs Product Portfolio
- 7.5.5 S.K. Chemicals Recent Developments
- 7.6 Teva Pharma
- 7.6.1 Teva Pharma Company Information
- 7.6.2 Teva Pharma Business Overview
- 7.6.3 Teva Pharma Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.6.4 Teva Pharma Erectile Dysfunction Drugs Product Portfolio
- 7.6.5 Teva Pharma Recent Developments
- 7.7 Dong-A ST
- 7.7.1 Dong-A ST Company Information
- 7.7.2 Dong-A ST Business Overview
- 7.7.3 Dong-A ST Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.7.4 Dong-A ST Erectile Dysfunction Drugs Product Portfolio
- 7.7.5 Dong-A ST Recent Developments
- 7.8 Metuchen Pharma
- 7.8.1 Metuchen Pharma Company Information
- 7.8.2 Metuchen Pharma Business Overview
- 7.8.3 Metuchen Pharma Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.8.4 Metuchen Pharma Erectile Dysfunction Drugs Product Portfolio
- 7.8.5 Metuchen Pharma Recent Developments
- 7.9 Seoul Pharma
- 7.9.1 Seoul Pharma Company Information
- 7.9.2 Seoul Pharma Business Overview
- 7.9.3 Seoul Pharma Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.9.4 Seoul Pharma Erectile Dysfunction Drugs Product Portfolio
- 7.9.5 Seoul Pharma Recent Developments
- 7.10 CSBIO.
- 7.10.1 CSBIO. Company Information
- 7.10.2 CSBIO. Business Overview
- 7.10.3 CSBIO. Erectile Dysfunction Drugs Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.10.4 CSBIO. Erectile Dysfunction Drugs Product Portfolio
- 7.10.5 CSBIO. Recent Developments
8 North America
- 8.1 North America Erectile Dysfunction Drugs Market Size by Type
- 8.1.1 North America Erectile Dysfunction Drugs Revenue by Type (2021-2032)
- 8.1.2 North America Erectile Dysfunction Drugs Sales by Type (2021-2032)
- 8.1.3 North America Erectile Dysfunction Drugs Price by Type (2021-2032)
- 8.2 North America Erectile Dysfunction Drugs Market Size by Application
- 8.2.1 North America Erectile Dysfunction Drugs Revenue by Application (2021-2032)
- 8.2.2 North America Erectile Dysfunction Drugs Sales by Application (2021-2032)
- 8.2.3 North America Erectile Dysfunction Drugs Price by Application (2021-2032)
- 8.3 North America Erectile Dysfunction Drugs Market Size by Country
- 8.3.1 North America Erectile Dysfunction Drugs Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 8.3.2 North America Erectile Dysfunction Drugs Sales by Country (2021 VS 2025 VS 2032)
- 8.3.3 North America Erectile Dysfunction Drugs Price by Country (2021-2032)
- 8.3.4 United States
- 8.3.5 Canada
- 8.3.6 Mexico
9 Europe
- 9.1 Europe Erectile Dysfunction Drugs Market Size by Type
- 9.1.1 Europe Erectile Dysfunction Drugs Revenue by Type (2021-2032)
- 9.1.2 Europe Erectile Dysfunction Drugs Sales by Type (2021-2032)
- 9.1.3 Europe Erectile Dysfunction Drugs Price by Type (2021-2032)
- 9.2 Europe Erectile Dysfunction Drugs Market Size by Application
- 9.2.1 Europe Erectile Dysfunction Drugs Revenue by Application (2021-2032)
- 9.2.2 Europe Erectile Dysfunction Drugs Sales by Application (2021-2032)
- 9.2.3 Europe Erectile Dysfunction Drugs Price by Application (2021-2032)
- 9.3 Europe Erectile Dysfunction Drugs Market Size by Country
- 9.3.1 Europe Erectile Dysfunction Drugs Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 Europe Erectile Dysfunction Drugs Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 Europe Erectile Dysfunction Drugs 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 Russia
- 9.3.9 Spain
- 9.3.10 Netherlands
10 China
- 10.1 China Erectile Dysfunction Drugs Market Size by Type
- 10.1.1 China Erectile Dysfunction Drugs Revenue by Type (2021-2032)
- 10.1.2 China Erectile Dysfunction Drugs Sales by Type (2021-2032)
- 10.1.3 China Erectile Dysfunction Drugs Price by Type (2021-2032)
- 10.2 China Erectile Dysfunction Drugs Market Size by Application
- 10.2.1 China Erectile Dysfunction Drugs Revenue by Application (2021-2032)
- 10.2.2 China Erectile Dysfunction Drugs Sales by Application (2021-2032)
- 10.2.3 China Erectile Dysfunction Drugs Price by Application (2021-2032)
11 Asia (Excluding China)
- 11.1 Asia Erectile Dysfunction Drugs Market Size by Type
- 11.1.1 Asia Erectile Dysfunction Drugs Revenue by Type (2021-2032)
- 11.1.2 Asia Erectile Dysfunction Drugs Sales by Type (2021-2032)
- 11.1.3 Asia Erectile Dysfunction Drugs Price by Type (2021-2032)
- 11.2 Asia Erectile Dysfunction Drugs Market Size by Application
- 11.2.1 Asia Erectile Dysfunction Drugs Revenue by Application (2021-2032)
- 11.2.2 Asia Erectile Dysfunction Drugs Sales by Application (2021-2032)
- 11.2.3 Asia Erectile Dysfunction Drugs Price by Application (2021-2032)
- 11.3 Asia Erectile Dysfunction Drugs Market Size by Country
- 11.3.1 Asia Erectile Dysfunction Drugs Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 11.3.2 Asia Erectile Dysfunction Drugs Sales by Country (2021 VS 2025 VS 2032)
- 11.3.3 Asia Erectile Dysfunction Drugs 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 Erectile Dysfunction Drugs Market Size by Type
- 12.1.1 SAMEA Erectile Dysfunction Drugs Revenue by Type (2021-2032)
- 12.1.2 SAMEA Erectile Dysfunction Drugs Sales by Type (2021-2032)
- 12.1.3 SAMEA Erectile Dysfunction Drugs Price by Type (2021-2032)
- 12.2 SAMEA Erectile Dysfunction Drugs Market Size by Application
- 12.2.1 SAMEA Erectile Dysfunction Drugs Revenue by Application (2021-2032)
- 12.2.2 SAMEA Erectile Dysfunction Drugs Sales by Application (2021-2032)
- 12.2.3 SAMEA Erectile Dysfunction Drugs Price by Application (2021-2032)
- 12.3 SAMEA Erectile Dysfunction Drugs Market Size by Country
- 12.3.1 SAMEA Erectile Dysfunction Drugs Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 SAMEA Erectile Dysfunction Drugs Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 SAMEA Erectile Dysfunction Drugs 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 Erectile Dysfunction Drugs Value Chain Analysis
- 13.1.1 Erectile Dysfunction Drugs Key Raw Materials
- 13.1.2 Raw Materials Key Suppliers
- 13.1.3 Manufacturing Cost Structure
- 13.1.4 Erectile Dysfunction Drugs Production Mode & Process
- 13.2 Erectile Dysfunction Drugs Sales Channels Analysis
- 13.2.1 Direct Comparison with Distribution Share
- 13.2.2 Erectile Dysfunction Drugs Distributors
- 13.2.3 Erectile Dysfunction Drugs 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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