Selected research
Market Analysis & Forecast
Global Spo2 Module Market Analysis and Forecast 2026-2032
Market perspective
The global Spo2 Module 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.
Spo2 Module's global sales reached XX (k units) with a value of US$ XX Million, marking an change of XX% compared to the previous year. This performance has positioned Shenzhen Med-link Electronics Tech as the global sales leader, a title it has maintained for several consecutive years. Notably, Shenzhen Med-link Electronics Tech's performance in primary markets is also remarkable. In the Chinese market, sales were XX (k units), a change of XX% from the previous year. In Europe, sales were XX (k units), showing a year-on-year of XX%. In the US, sales were XX (k units), a year-on-year change of XX%.
The major global manufacturers in the Spo2 Module market include Shenzhen Med-link Electronics Tech, Shenzhen Witleaf Medical Electronic, Zug Medical Systems, Corscience, Medlab, Fluke, Nonin, Masimo and Spacelabs Healthcare, etc. In 2025, the top three vendors accounted for approximately % of the revenue.
Read the full market overview
In terms of production side, this report researches the Spo2 Module production, growth rate, market share by manufacturers and by region (region level and country level), from 2021 to 2026, and forecast to 2032.
In terms of consumption side, this report focuses on the sales of Spo2 Module by region (region level and country level), by Company, by Type and by Application. from 2021 to 2026 and forecast to 2032.
This report presents an overview of global market for Spo2 Module, capacity, output, 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 Spo2 Module, also provides the consumption of main regions and countries. Of the upcoming market potential for Spo2 Module, 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 Spo2 Module sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Spo2 Module 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 Spo2 Module sales, projected growth trends, production technology, application and end-user industry.
Spo2 Module Segment by Company
Shenzhen Med-link Electronics Tech
Shenzhen Witleaf Medical Electronic
Zug Medical Systems
Corscience
Medlab
Fluke
Nonin
Masimo
Spacelabs Healthcare
Bluepoint MEDICAL
Digicare Animal Health
Fukuda Denshi
Orbisana
Acare
Shanghai Berry Electronic Tech
Spo2 Module Segment by Type
Handheld
Fixed
Spo2 Module Segment by Application
Hospital
Clinic
Other
Spo2 Module 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, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, 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 Spo2 Module 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 Spo2 Module 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 Spo2 Module.
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: Spo2 Module production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Spo2 Module 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 5: Detailed analysis of Spo2 Module manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: 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 7: 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 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Spo2 Module sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Handheld
- Fixed
Applications
- Hospital
- Clinic
- Other
Companies covered
- Shenzhen Med-link Electronics Tech
- Shenzhen Witleaf Medical Electronic
- Zug Medical Systems
- Corscience
- Medlab
- Fluke
- Nonin
- Masimo
- Spacelabs Healthcare
- Bluepoint MEDICAL
- Digicare Animal Health
- Fukuda Denshi
- Orbisana
- Acare
- Shanghai Berry Electronic Tech
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Spo2 Module Market by Type
- 1.2.1 Global Spo2 Module Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Handheld
- 1.2.3 Fixed
- 1.3 Spo2 Module Market by Application
- 1.3.1 Global Spo2 Module Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Hospital
- 1.3.3 Clinic
- 1.3.4 Other
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Spo2 Module Market Dynamics
- 2.1 Spo2 Module Industry Trends
- 2.2 Spo2 Module Industry Drivers
- 2.3 Spo2 Module Industry Opportunities and Challenges
- 2.4 Spo2 Module Industry Restraints
3 Global Spo2 Module Production Overview
- 3.1 Global Spo2 Module Production Capacity (2021-2032)
- 3.2 Global Spo2 Module Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global Spo2 Module Production by Region
- 3.3.1 Global Spo2 Module Production by Region (2021-2026)
- 3.3.2 Global Spo2 Module Production by Region (2027-2032)
- 3.3.3 Global Spo2 Module Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
- 3.8 South Korea
4 Global Market Growth Prospects
- 4.1 Global Spo2 Module Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global Spo2 Module Revenue by Region
- 4.2.1 Global Spo2 Module Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global Spo2 Module Revenue by Region (2021-2026)
- 4.2.3 Global Spo2 Module Revenue by Region (2027-2032)
- 4.2.4 Global Spo2 Module Revenue Market Share by Region (2021-2032)
- 4.3 Global Spo2 Module Sales Estimates and Forecasts 2021-2032
- 4.4 Global Spo2 Module Sales by Region
- 4.4.1 Global Spo2 Module Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global Spo2 Module Sales by Region (2021-2026)
- 4.4.3 Global Spo2 Module Sales by Region (2027-2032)
- 4.4.4 Global Spo2 Module Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global Spo2 Module Revenue by Manufacturers
- 5.1.1 Global Spo2 Module Revenue by Manufacturers (2021-2026)
- 5.1.2 Global Spo2 Module Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global Spo2 Module Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global Spo2 Module Sales by Manufacturers
- 5.2.1 Global Spo2 Module Sales by Manufacturers (2021-2026)
- 5.2.2 Global Spo2 Module Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global Spo2 Module Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global Spo2 Module Sales Price by Manufacturers (2021-2026)
- 5.4 Global Spo2 Module Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global Spo2 Module Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global Spo2 Module Manufacturers, Product Type & Application
- 5.7 Global Spo2 Module Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global Spo2 Module Market CR5 and HHI
- 5.8.2 2025 Spo2 Module Tier 1, Tier 2, and Tier 3
6 Spo2 Module Market by Type
- 6.1 Global Spo2 Module Revenue by Type
- 6.1.1 Global Spo2 Module Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global Spo2 Module Revenue Market Share by Type (2021-2032)
- 6.2 Global Spo2 Module Sales by Type
- 6.2.1 Global Spo2 Module Sales by Type (2021-2032) & (k units)
- 6.2.2 Global Spo2 Module Sales Market Share by Type (2021-2032)
- 6.3 Global Spo2 Module Price by Type
7 Spo2 Module Market by Application
- 7.1 Global Spo2 Module Revenue by Application
- 7.1.1 Global Spo2 Module Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global Spo2 Module Revenue Market Share by Application (2021-2032)
- 7.2 Global Spo2 Module Sales by Application
- 7.2.1 Global Spo2 Module Sales by Application (2021-2032) & (k units)
- 7.2.2 Global Spo2 Module Sales Market Share by Application (2021-2032)
- 7.3 Global Spo2 Module Price by Application
8 Company Profiles
- 8.1 Shenzhen Med-link Electronics Tech
- 8.1.1 Shenzhen Med-link Electronics Tech Company Information
- 8.1.2 Shenzhen Med-link Electronics Tech Business Overview
- 8.1.3 Shenzhen Med-link Electronics Tech Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 Shenzhen Med-link Electronics Tech Spo2 Module Product Portfolio
- 8.1.5 Shenzhen Med-link Electronics Tech Recent Developments
- 8.2 Shenzhen Witleaf Medical Electronic
- 8.2.1 Shenzhen Witleaf Medical Electronic Company Information
- 8.2.2 Shenzhen Witleaf Medical Electronic Business Overview
- 8.2.3 Shenzhen Witleaf Medical Electronic Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 Shenzhen Witleaf Medical Electronic Spo2 Module Product Portfolio
- 8.2.5 Shenzhen Witleaf Medical Electronic Recent Developments
- 8.3 Zug Medical Systems
- 8.3.1 Zug Medical Systems Company Information
- 8.3.2 Zug Medical Systems Business Overview
- 8.3.3 Zug Medical Systems Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 Zug Medical Systems Spo2 Module Product Portfolio
- 8.3.5 Zug Medical Systems Recent Developments
- 8.4 Corscience
- 8.4.1 Corscience Company Information
- 8.4.2 Corscience Business Overview
- 8.4.3 Corscience Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 Corscience Spo2 Module Product Portfolio
- 8.4.5 Corscience Recent Developments
- 8.5 Medlab
- 8.5.1 Medlab Company Information
- 8.5.2 Medlab Business Overview
- 8.5.3 Medlab Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 Medlab Spo2 Module Product Portfolio
- 8.5.5 Medlab Recent Developments
- 8.6 Fluke
- 8.6.1 Fluke Company Information
- 8.6.2 Fluke Business Overview
- 8.6.3 Fluke Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 Fluke Spo2 Module Product Portfolio
- 8.6.5 Fluke Recent Developments
- 8.7 Nonin
- 8.7.1 Nonin Company Information
- 8.7.2 Nonin Business Overview
- 8.7.3 Nonin Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 Nonin Spo2 Module Product Portfolio
- 8.7.5 Nonin Recent Developments
- 8.8 Masimo
- 8.8.1 Masimo Company Information
- 8.8.2 Masimo Business Overview
- 8.8.3 Masimo Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 Masimo Spo2 Module Product Portfolio
- 8.8.5 Masimo Recent Developments
- 8.9 Spacelabs Healthcare
- 8.9.1 Spacelabs Healthcare Company Information
- 8.9.2 Spacelabs Healthcare Business Overview
- 8.9.3 Spacelabs Healthcare Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.9.4 Spacelabs Healthcare Spo2 Module Product Portfolio
- 8.9.5 Spacelabs Healthcare Recent Developments
- 8.10 Bluepoint MEDICAL
- 8.10.1 Bluepoint MEDICAL Company Information
- 8.10.2 Bluepoint MEDICAL Business Overview
- 8.10.3 Bluepoint MEDICAL Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.10.4 Bluepoint MEDICAL Spo2 Module Product Portfolio
- 8.10.5 Bluepoint MEDICAL Recent Developments
- 8.11 Digicare Animal Health
- 8.11.1 Digicare Animal Health Company Information
- 8.11.2 Digicare Animal Health Business Overview
- 8.11.3 Digicare Animal Health Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.11.4 Digicare Animal Health Spo2 Module Product Portfolio
- 8.11.5 Digicare Animal Health Recent Developments
- 8.12 Fukuda Denshi
- 8.12.1 Fukuda Denshi Company Information
- 8.12.2 Fukuda Denshi Business Overview
- 8.12.3 Fukuda Denshi Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.12.4 Fukuda Denshi Spo2 Module Product Portfolio
- 8.12.5 Fukuda Denshi Recent Developments
- 8.13 Orbisana
- 8.13.1 Orbisana Company Information
- 8.13.2 Orbisana Business Overview
- 8.13.3 Orbisana Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.13.4 Orbisana Spo2 Module Product Portfolio
- 8.13.5 Orbisana Recent Developments
- 8.14 Acare
- 8.14.1 Acare Company Information
- 8.14.2 Acare Business Overview
- 8.14.3 Acare Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.14.4 Acare Spo2 Module Product Portfolio
- 8.14.5 Acare Recent Developments
- 8.15 Shanghai Berry Electronic Tech
- 8.15.1 Shanghai Berry Electronic Tech Company Information
- 8.15.2 Shanghai Berry Electronic Tech Business Overview
- 8.15.3 Shanghai Berry Electronic Tech Spo2 Module Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.15.4 Shanghai Berry Electronic Tech Spo2 Module Product Portfolio
- 8.15.5 Shanghai Berry Electronic Tech Recent Developments
9 North America
- 9.1 North America Spo2 Module Market Size by Type
- 9.1.1 North America Spo2 Module Revenue by Type (2021-2032)
- 9.1.2 North America Spo2 Module Sales by Type (2021-2032)
- 9.1.3 North America Spo2 Module Price by Type (2021-2032)
- 9.2 North America Spo2 Module Market Size by Application
- 9.2.1 North America Spo2 Module Revenue by Application (2021-2032)
- 9.2.2 North America Spo2 Module Sales by Application (2021-2032)
- 9.2.3 North America Spo2 Module Price by Application (2021-2032)
- 9.3 North America Spo2 Module Market Size by Country
- 9.3.1 North America Spo2 Module Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America Spo2 Module Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America Spo2 Module Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe Spo2 Module Market Size by Type
- 10.1.1 Europe Spo2 Module Revenue by Type (2021-2032)
- 10.1.2 Europe Spo2 Module Sales by Type (2021-2032)
- 10.1.3 Europe Spo2 Module Price by Type (2021-2032)
- 10.2 Europe Spo2 Module Market Size by Application
- 10.2.1 Europe Spo2 Module Revenue by Application (2021-2032)
- 10.2.2 Europe Spo2 Module Sales by Application (2021-2032)
- 10.2.3 Europe Spo2 Module Price by Application (2021-2032)
- 10.3 Europe Spo2 Module Market Size by Country
- 10.3.1 Europe Spo2 Module Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe Spo2 Module Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe Spo2 Module Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China Spo2 Module Market Size by Type
- 11.1.1 China Spo2 Module Revenue by Type (2021-2032)
- 11.1.2 China Spo2 Module Sales by Type (2021-2032)
- 11.1.3 China Spo2 Module Price by Type (2021-2032)
- 11.2 China Spo2 Module Market Size by Application
- 11.2.1 China Spo2 Module Revenue by Application (2021-2032)
- 11.2.2 China Spo2 Module Sales by Application (2021-2032)
- 11.2.3 China Spo2 Module Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia Spo2 Module Market Size by Type
- 12.1.1 Asia Spo2 Module Revenue by Type (2021-2032)
- 12.1.2 Asia Spo2 Module Sales by Type (2021-2032)
- 12.1.3 Asia Spo2 Module Price by Type (2021-2032)
- 12.2 Asia Spo2 Module Market Size by Application
- 12.2.1 Asia Spo2 Module Revenue by Application (2021-2032)
- 12.2.2 Asia Spo2 Module Sales by Application (2021-2032)
- 12.2.3 Asia Spo2 Module Price by Application (2021-2032)
- 12.3 Asia Spo2 Module Market Size by Country
- 12.3.1 Asia Spo2 Module Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia Spo2 Module Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia Spo2 Module Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA Spo2 Module Market Size by Type
- 13.1.1 SAMEA Spo2 Module Revenue by Type (2021-2032)
- 13.1.2 SAMEA Spo2 Module Sales by Type (2021-2032)
- 13.1.3 SAMEA Spo2 Module Price by Type (2021-2032)
- 13.2 SAMEA Spo2 Module Market Size by Application
- 13.2.1 SAMEA Spo2 Module Revenue by Application (2021-2032)
- 13.2.2 SAMEA Spo2 Module Sales by Application (2021-2032)
- 13.2.3 SAMEA Spo2 Module Price by Application (2021-2032)
- 13.3 SAMEA Spo2 Module Market Size by Country
- 13.3.1 SAMEA Spo2 Module Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA Spo2 Module Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA Spo2 Module Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 Spo2 Module Value Chain Analysis
- 14.1.1 Spo2 Module Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 Spo2 Module Production Mode & Process
- 14.2 Spo2 Module Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 Spo2 Module Distributors
- 14.2.3 Spo2 Module Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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