Global Biosimulation Market (2025-2031) | Size, Growth, Opportunities, Segments, Revenue, Restraints, Strategic Insights, Investment Trends, Value, Segmentation, Trends, Strategy, Demand, Consumer Insights, Challenges, Competitive, Companies, Industry, Share, Analysis, Drivers, Outlook, Competition, Pricing Analysis, Supply, Forecast

Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By Offering Type (Software, Services), By Application (Drug Discovery, Drug Development, Others), By End User (Contract Research Organization, Pharmaceutical & Biotechnology Companies, Research Institutes, Regulatory Institutes, Others) And Competitive Landscape
Product Code: ETC13247536 Publication Date: Apr 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 190 No. of Figures: 80 No. of Tables: 40

Key Highlights of the Report:

  • Global Biosimulation Market Outlook
  • Market Size of Global Biosimulation Market, 2024
  • Forecast of Global Biosimulation Market, 2031
  • Historical Data and Forecast of Global Biosimulation Revenues & Volume for the Period 2021 - 2031
  • Global Biosimulation Market Trend Evolution
  • Global Biosimulation Market Drivers and Challenges
  • Global Biosimulation Price Trends
  • Global Biosimulation Porter's Five Forces
  • Global Biosimulation Industry Life Cycle
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Offering Type for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Software for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Services for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Drug Discovery for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Drug Development for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By End User for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Contract Research Organization for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Pharmaceutical & Biotechnology Companies for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Research Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Regulatory Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Global Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Offering Type for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Software for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Services for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Drug Discovery for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Drug Development for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By End User for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Contract Research Organization for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Pharmaceutical & Biotechnology Companies for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Research Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Regulatory Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of North America Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of United States of America Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Canada Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of North America Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Offering Type for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Software for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Services for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Drug Discovery for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Drug Development for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By End User for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Contract Research Organization for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Pharmaceutical & Biotechnology Companies for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Research Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Regulatory Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Brazil Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Mexico Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Argentina Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of LATAM Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Offering Type for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Software for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Services for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Drug Discovery for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Drug Development for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By End User for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Contract Research Organization for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Pharmaceutical & Biotechnology Companies for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Research Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Regulatory Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of China Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of India Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Japan Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Asia Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Offering Type for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Software for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Services for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Drug Discovery for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Drug Development for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By End User for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Contract Research Organization for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Pharmaceutical & Biotechnology Companies for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Research Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Regulatory Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of South Africa Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Nigeria Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Egypt Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Africa Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Offering Type for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Software for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Services for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Drug Discovery for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Drug Development for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By End User for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Contract Research Organization for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Pharmaceutical & Biotechnology Companies for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Research Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Regulatory Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of United Kingdom Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of France Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Germany Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Europe Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Offering Type for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Software for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Services for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Drug Discovery for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Drug Development for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By End User for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Contract Research Organization for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Pharmaceutical & Biotechnology Companies for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Research Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Regulatory Institutes for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Biosimulation Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Saudi Arabia Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of UAE Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Turkey Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Middle East Biosimulation Market Revenues & Volume for the Period 2021 - 2031
  • Global Biosimulation Market - Key Performance Indicators
  • Global Biosimulation Market - Import Export Trade Statistics
  • Global Biosimulation Market - Opportunity Assessment By Countries
  • Global Biosimulation Market - Opportunity Assessment By Offering Type
  • Global Biosimulation Market - Opportunity Assessment By Application
  • Global Biosimulation Market - Opportunity Assessment By End User
  • Global Biosimulation Market - Top Companies Market Share
  • Global Biosimulation Market - Top Companies Profiles
  • Global Biosimulation Market - Comparison of Players in Technical and Operating Parameters
  • Global Biosimulation Market - Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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Global Biosimulation Market

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Global Biosimulation Market Overview

3.1 Global Regional Macro Economic Indicators

3.2 Global Biosimulation Market Revenues & Volume, 2021 & 2031F

3.3 Global Biosimulation Market - Industry Life Cycle

3.4 Global Biosimulation Market - Porter's Five Forces

3.5 Global Biosimulation Market Revenues & Volume Share, By Regions, 2021 & 2031F

3.6 Global Biosimulation Market Revenues & Volume Share, By Offering Type, 2021 & 2031F

3.7 Global Biosimulation Market Revenues & Volume Share, By Application, 2021 & 2031F

3.8 Global Biosimulation Market Revenues & Volume Share, By End User, 2021 & 2031F

4 Global Biosimulation Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Global Biosimulation Market Trends

6 Global Biosimulation Market, 2021 - 2031

6.1 Global Biosimulation Market, Revenues & Volume, By Offering Type, 2021 - 2031

6.1.1 Overview & Analysis

6.1.2 Global Biosimulation Market, Revenues & Volume, By Software, 2021 - 2031

6.1.3 Global Biosimulation Market, Revenues & Volume, By Services, 2021 - 2031

6.2 Global Biosimulation Market, Revenues & Volume, By Application, 2021 - 2031

6.2.1 Overview & Analysis

6.2.2 Global Biosimulation Market, Revenues & Volume, By Drug Discovery, 2021 - 2031

6.2.3 Global Biosimulation Market, Revenues & Volume, By Drug Development, 2021 - 2031

6.2.4 Global Biosimulation Market, Revenues & Volume, By Others, 2021 - 2031

6.3 Global Biosimulation Market, Revenues & Volume, By End User, 2021 - 2031

6.3.1 Overview & Analysis

6.3.2 Global Biosimulation Market, Revenues & Volume, By Contract Research Organization, 2021 - 2031

6.3.3 Global Biosimulation Market, Revenues & Volume, By Pharmaceutical & Biotechnology Companies, 2021 - 2031

6.3.4 Global Biosimulation Market, Revenues & Volume, By Research Institutes, 2021 - 2031

6.3.5 Global Biosimulation Market, Revenues & Volume, By Regulatory Institutes, 2021 - 2031

6.3.6 Global Biosimulation Market, Revenues & Volume, By Others, 2021 - 2031

7 North America Biosimulation Market, Overview & Analysis

7.1 North America Biosimulation Market Revenues & Volume, 2021 - 2031

7.2 North America Biosimulation Market, Revenues & Volume, By Countries, 2021 - 2031

7.2.1 United States (US) Biosimulation Market, Revenues & Volume, 2021 - 2031

7.2.2 Canada Biosimulation Market, Revenues & Volume, 2021 - 2031

7.2.3 Rest of North America Biosimulation Market, Revenues & Volume, 2021 - 2031

7.3 North America Biosimulation Market, Revenues & Volume, By Offering Type, 2021 - 2031

7.4 North America Biosimulation Market, Revenues & Volume, By Application, 2021 - 2031

7.5 North America Biosimulation Market, Revenues & Volume, By End User, 2021 - 2031

8 Latin America (LATAM) Biosimulation Market, Overview & Analysis

8.1 Latin America (LATAM) Biosimulation Market Revenues & Volume, 2021 - 2031

8.2 Latin America (LATAM) Biosimulation Market, Revenues & Volume, By Countries, 2021 - 2031

8.2.1 Brazil Biosimulation Market, Revenues & Volume, 2021 - 2031

8.2.2 Mexico Biosimulation Market, Revenues & Volume, 2021 - 2031

8.2.3 Argentina Biosimulation Market, Revenues & Volume, 2021 - 2031

8.2.4 Rest of LATAM Biosimulation Market, Revenues & Volume, 2021 - 2031

8.3 Latin America (LATAM) Biosimulation Market, Revenues & Volume, By Offering Type, 2021 - 2031

8.4 Latin America (LATAM) Biosimulation Market, Revenues & Volume, By Application, 2021 - 2031

8.5 Latin America (LATAM) Biosimulation Market, Revenues & Volume, By End User, 2021 - 2031

9 Asia Biosimulation Market, Overview & Analysis

9.1 Asia Biosimulation Market Revenues & Volume, 2021 - 2031

9.2 Asia Biosimulation Market, Revenues & Volume, By Countries, 2021 - 2031

9.2.1 India Biosimulation Market, Revenues & Volume, 2021 - 2031

9.2.2 China Biosimulation Market, Revenues & Volume, 2021 - 2031

9.2.3 Japan Biosimulation Market, Revenues & Volume, 2021 - 2031

9.2.4 Rest of Asia Biosimulation Market, Revenues & Volume, 2021 - 2031

9.3 Asia Biosimulation Market, Revenues & Volume, By Offering Type, 2021 - 2031

9.4 Asia Biosimulation Market, Revenues & Volume, By Application, 2021 - 2031

9.5 Asia Biosimulation Market, Revenues & Volume, By End User, 2021 - 2031

10 Africa Biosimulation Market, Overview & Analysis

10.1 Africa Biosimulation Market Revenues & Volume, 2021 - 2031

10.2 Africa Biosimulation Market, Revenues & Volume, By Countries, 2021 - 2031

10.2.1 South Africa Biosimulation Market, Revenues & Volume, 2021 - 2031

10.2.2 Egypt Biosimulation Market, Revenues & Volume, 2021 - 2031

10.2.3 Nigeria Biosimulation Market, Revenues & Volume, 2021 - 2031

10.2.4 Rest of Africa Biosimulation Market, Revenues & Volume, 2021 - 2031

10.3 Africa Biosimulation Market, Revenues & Volume, By Offering Type, 2021 - 2031

10.4 Africa Biosimulation Market, Revenues & Volume, By Application, 2021 - 2031

10.5 Africa Biosimulation Market, Revenues & Volume, By End User, 2021 - 2031

11 Europe Biosimulation Market, Overview & Analysis

11.1 Europe Biosimulation Market Revenues & Volume, 2021 - 2031

11.2 Europe Biosimulation Market, Revenues & Volume, By Countries, 2021 - 2031

11.2.1 United Kingdom Biosimulation Market, Revenues & Volume, 2021 - 2031

11.2.2 Germany Biosimulation Market, Revenues & Volume, 2021 - 2031

11.2.3 France Biosimulation Market, Revenues & Volume, 2021 - 2031

11.2.4 Rest of Europe Biosimulation Market, Revenues & Volume, 2021 - 2031

11.3 Europe Biosimulation Market, Revenues & Volume, By Offering Type, 2021 - 2031

11.4 Europe Biosimulation Market, Revenues & Volume, By Application, 2021 - 2031

11.5 Europe Biosimulation Market, Revenues & Volume, By End User, 2021 - 2031

12 Middle East Biosimulation Market, Overview & Analysis

12.1 Middle East Biosimulation Market Revenues & Volume, 2021 - 2031

12.2 Middle East Biosimulation Market, Revenues & Volume, By Countries, 2021 - 2031

12.2.1 Saudi Arabia Biosimulation Market, Revenues & Volume, 2021 - 2031

12.2.2 UAE Biosimulation Market, Revenues & Volume, 2021 - 2031

12.2.3 Turkey Biosimulation Market, Revenues & Volume, 2021 - 2031

12.3 Middle East Biosimulation Market, Revenues & Volume, By Offering Type, 2021 - 2031

12.4 Middle East Biosimulation Market, Revenues & Volume, By Application, 2021 - 2031

12.5 Middle East Biosimulation Market, Revenues & Volume, By End User, 2021 - 2031

13 Global Biosimulation Market Key Performance Indicators

14 Global Biosimulation Market - Export/Import By Countries Assessment

15 Global Biosimulation Market - Opportunity Assessment

15.1 Global Biosimulation Market Opportunity Assessment, By Countries, 2021 & 2031F

15.2 Global Biosimulation Market Opportunity Assessment, By Offering Type, 2021 & 2031F

15.3 Global Biosimulation Market Opportunity Assessment, By Application, 2021 & 2031F

15.4 Global Biosimulation Market Opportunity Assessment, By End User, 2021 & 2031F

16 Global Biosimulation Market - Competitive Landscape

16.1 Global Biosimulation Market Revenue Share, By Companies, 2024

16.2 Global Biosimulation Market Competitive Benchmarking, By Operating and Technical Parameters

17 Top 10 Company Profiles

18 Recommendations

19 Disclaimer

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