India Urinary Tract Infection Market (2026-2032) | Demand, Growth, Challenges, Revenue, Competition, Drivers, Pricing, Analysis, Outlook, Strategy, Share, Investment Opportunities, Trends, Insights, Forecast, Value, Size, segmentation, Restraints, Companies

Market Forecast By Infection Type (Lower Tract Infection, Upper Tract Infection, Recurrent Infections, Complicated UTI), By Drug Class (Beta-lactam Antibiotics, Fluoroquinolones, Combination Therapy, IV Antibiotics), By Care Setting (Outpatient Clinics, Hospitals, Specialty Clinics, Hospital Admission), By End User (Patients, Physicians, Women (Age 20–50), Urology Specialists) And Competitive Landscape
Product Code: ETC15674041 Publication Date: Oct 2026 Product Type: Market Research Report
Publisher: 6Wresearch Author: Bhawna Singh No. of Pages: 109 No. of Figures: 55 No. of Tables: 11
Market Size, 2025 USD 279.0 million
Market Size, 2032 USD 453.91 million
CAGR, 2026–2032 7.2%

India Urinary Tract Infection Market Size & Growth Rate

India Urinary Tract Infection Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the India Urinary Tract Infection Market was valued at USD 279.0 million in 2025 and is projected to reach USD 453.91 million by 2032, growing at a CAGR of approximately 7.2% during 2026–2032.

India Urinary Tract Infection Market Highlights

Report Metric Details
Report Name India Urinary Tract Infection Market
Market Size 2025 USD 279.0 million
Market Size 2032 USD 453.91 million
Absolute Growth 2025–2032 USD 174.91 million
CAGR 2026–2032 7.2%
Peak Annual Growth 9.8% in 2032
Forecast Period 2026–2032
Historical Data 2022–2025
Base Year 2025
Leading Infection Type, 2025 Lower Tract Infection (37% share)
Leading Drug Class, 2025 Beta-lactam Antibiotics (38% share)
Leading Care Setting, 2025 Outpatient Clinics (45% share)
Leading End User, 2025 Patients (51% share)
Fastest-Growing Infection Type Recurrent Infections (8.4% CAGR)
Fastest-Growing Drug Class Combination Therapy (8.5% CAGR)
Fastest-Growing Care Setting Specialty Clinics (9.5% CAGR)
Fastest-Growing End User Women (Age 20–50) (9.9% CAGR)
Growing Sector Women (Age 20–50)
Key End Users Patients, Women (Age 20–50), Physicians, Urology Specialists

India Urinary Tract Infection Market Year-wise Growth Rate and Key Drivers (2022–2032)

This graph illustrates the annual growth rates of the market from 2022 to 2032, highlighting a steady upward trajectory and projected market expansion over the forecast period.

India Urinary Tract Infection Market Year-wise Growth Rate and Key Drivers (2022–2032)

The following table presents the estimated annual growth rate for each year together with the principal factor influencing market performance.

Year Estimated Annual Growth (%) Market Rationale
2022 5.7 The market showed steady growth as healthcare providers focused on UTI management.
2023 7.6 Demand surged due to increased awareness campaigns targeting women's health.
2024 6.9 Growth slowed as the market adjusted to new treatment protocols and guidelines.
2025 4.5 A further slowdown occurred as competition intensified among treatment options.
2026 7.3 Growth accelerated again, driven by rising outpatient clinic visits for UTI treatment.
2027 5.0 A slowdown in growth was noted as hospitals faced resource constraints.
2028 9.0 Demand increased significantly due to the launch of new treatment options.
2029 6.4 Growth slowed as the market matured and treatment options became standardised.
2030 8.1 A resurgence in growth was observed as public health campaigns gained traction.
2031 4.9 Growth slowed again due to market saturation and established treatment protocols.
2032 9.8 The market peaked with strong demand from ongoing public health initiatives.

Note: Market size estimations and growth projections presented in this report are based on 6Wresearch's proprietary forecasting methodology, utilizing the latest available industry data, government publications, and primary research inputs.

India Urinary Tract Infection Market Synopsis

The Urinary Tract Infection Market in India encompasses treatments for infections affecting the urinary system, primarily caused by bacteria. Diagnosed through urine tests, UTIs are treated with antibiotics, mainly in outpatient and hospital settings. The market is expanding due to heightened awareness from healthcare initiatives, particularly among women aged 20-50. Approximately 150 million UTIs are diagnosed annually, with outpatient clinics managing around 70% of cases. Continuous innovation in treatment options further drives demand.

Market Dynamics Impact Analysis (2026–2032)

Factor Type Impact Primary Segment Affected
Increased awareness campaigns targeting women's health Driver High Lower Tract Infection
Rising outpatient clinic visits for UTI treatment Driver High Outpatient Clinics
Growing demand for targeted therapies for recurrent infections Opportunity Medium Recurrent Infections
Expansion of specialty clinics focusing on UTI management Opportunity Medium Specialty Clinics
Resource constraints in urban hospitals managing UTI cases Restraint High Hospitals
Competition among treatment options leading to price pressures Restraint Medium Beta-lactam Antibiotics
Limited access to advanced treatment options in rural areas Challenge High Patients
Inconsistent adherence to treatment protocols by healthcare providers Challenge Medium Physicians

Evaluation of Drivers in India Urinary Tract Infection Market (2026–2032)

Key forces behind demand, with the segment each one moves most, are listed below.

Drivers Primary Segment Affected Why It Matters (Evidence)
Increased awareness campaigns targeting women's health Lower Tract Infection Approximately 150 million UTIs are diagnosed annually, driving demand for effective treatments.
Rising outpatient clinic visits for UTI treatment Outpatient Clinics Outpatient clinics manage around 70% of UTI cases, reflecting the demand for accessible care.
Growing demand for targeted therapies for recurrent infections Recurrent Infections The average age of UTI patients is between 20-50 years, necessitating ongoing treatment.
Expansion of specialty clinics focusing on UTI management Specialty Clinics Specialty clinics provide targeted therapies for recurrent UTIs, tapping into a specific patient need.
Increased healthcare expenditure on UTI treatments Hospitals Public hospitals reported a 20% increase in UTI admissions in the last year, indicating rising treatment needs.

Market growth for Urinary Tract Infection in India is underpinned by increased awareness campaigns targeting women's health and rising outpatient clinic visits for UTI treatment. Approximately 150 million UTIs are diagnosed annually, driving demand for effective treatments. The average age of UTI patients is between 20-50 years, necessitating ongoing treatment. Public hospitals reported a 20% increase in UTI admissions last year, indicating rising treatment needs. The expansion of specialty clinics focusing on recurrent infections is providing targeted therapies that cater to specific patient needs.

Evaluation of Restraints in India Urinary Tract Infection Market

The key brakes on demand, and where they bite hardest, are shown below.

Market Restraint Primary Segment Affected Why It Matters (Evidence)
Resource constraints in urban hospitals managing UTI cases Hospitals Public hospitals reported a 20% increase in UTI admissions last year, straining resources and impacting care.
Competition among treatment options leading to price pressures Beta-lactam Antibiotics Intense competition among treatment options affects pricing strategies for UTI medications.
Limited access to advanced treatment options in rural areas Patients Patients in rural areas often face challenges accessing effective UTI treatments.
Inconsistent adherence to treatment protocols by healthcare providers Physicians Physicians may struggle with adherence to updated guidelines, affecting treatment outcomes.
Shortage of trained healthcare professionals in UTI management Outpatient Clinics Outpatient clinics face staffing challenges, impacting the quality of UTI care.

India Urinary Tract Infection Market Challenges

Producers in the India urinary tract infection market face regulatory hurdles, as changes to the Indian Pharmacopoeia can delay drug approvals by up to six months. Skills shortages among healthcare professionals lead to a 20% increase in UTI admissions at public hospitals, straining resources for healthcare providers. Supply chain disruptions affect the availability of essential antibiotics, particularly fluoroquinolones, causing treatment delays for the 70% of UTI cases managed in outpatient clinics. Rising healthcare expenditure on UTI treatments increases costs annually, limiting access to necessary medications for patients and affecting their recovery.

Trends in the India Urinary Tract Infection Market

Several trends are reshaping the India Urinary Tract Infection Market; the most important are set out below.

  • Shift Towards Targeted Therapies for Recurrent Infections: Specialty clinics are increasingly focusing on recurrent UTI cases, offering targeted therapies. This shift aligns with the growing patient need for effective management, as evidenced by a projected 9.5% growth in this segment.
  • Increased Focus on Women's Health Initiatives: The 'Women's Health Initiative' launched in 2021 aims to improve awareness and treatment of UTIs among women. This initiative has led to a notable increase in UTI diagnoses and treatment adherence, with a reported 20% rise in awareness levels.
  • Rising Utilisation of Outpatient Clinics for UTI Management: Outpatient clinics are becoming the primary setting for UTI diagnosis and treatment, managing around 70% of cases. This trend reflects the demand for accessible healthcare services in urban areas, with outpatient visits increasing by 15% annually.
  • Growth in Public Health Campaigns Targeting UTI Prevention: Public health campaigns initiated in 2023 focus on UTI prevention and education among women aged 20-50 years. These efforts are expected to reduce UTI prevalence in urban populations by 25% over the next five years.

Investment Opportunities in the India Urinary Tract Infection Market

Some of the investment opportunities in the India Urinary Tract Infection Market are mentioned below.

  • Current Demand for New Treatment Options: With a projected increase in UTI cases, there is a growing need for innovative treatment options. Specialty clinics are seeking new therapies to address recurrent infections, presenting opportunities for partnerships in drug development.
  • Investment in Outpatient Care Facilities: The rise in outpatient clinic visits indicates a need for improved facilities. Investing in modern outpatient clinics can cater to the increasing patient flow, particularly in urban areas with high UTI cases.
  • Expansion of Women's Health Programs: The ongoing public health campaigns targeting women's health create opportunities for educational programs and resources. Collaborating with healthcare providers to enhance awareness can lead to increased patient engagement and treatment adherence.
  • Focus on Rural Healthcare Solutions: The limited access to advanced treatment options in rural areas presents an opportunity for mobile health solutions. Establishing partnerships with local healthcare providers can improve access to effective UTI treatments.

Government Initiatives in the India Urinary Tract Infection Market

In 2021, the National Health Mission launched the 'Women's Health Initiative' to improve awareness and treatment of UTIs among women, focusing on urban areas. This initiative aims to educate women about UTI prevention and management, ultimately reducing the incidence of UTIs. The program has allocated significant resources to enhance outreach and engagement, targeting a 25% increase in awareness levels by 2025. Additionally, the initiative promotes collaboration among healthcare providers to ensure better treatment access for women.

The Ministry of Health approved the 'Antimicrobial Resistance National Action Plan' in 2020 to address UTI treatment protocols and antibiotic stewardship. This plan aims to improve prescribing practices and reduce resistance rates, particularly in urban healthcare settings. The Indian Council of Medical Research is tasked with updating guidelines and monitoring compliance, ensuring that healthcare providers adhere to best practices. Funding for this initiative supports training programs for healthcare professionals to enhance their understanding of UTI management.

Future Insight of the India Urinary Tract Infection Market

The India urinary tract infection market will undergo significant changes by 2032, driven by targeted awareness campaigns from the National Health Mission and initiatives focused on improving women's health. Advanced diagnostic technologies will facilitate early detection and treatment, benefiting healthcare providers and patients alike. Updated guidelines from the Indian Council of Medical Research will standardise UTI management practices, improving care quality. With a projected increase in antibiotic prescriptions, the market will shift towards more effective treatment options, ultimately enhancing patient outcomes.

Market Segmentation Analysis

The report offers a comprehensive study of the following market segments and their leading categories in the market.

By Infection Type – Lower Tract Infection Dominated, Recurrent Infections Expected to Grow Fastest

According to Bhawna Singh, Assistant Manager at 6Wresearch, Lower Tract Infection accounted for a 37% market share by infection type in 2025. Lower Tract Infections account for the majority of UTI cases, making them the most frequently treated type. With approximately 150 million UTIs diagnosed annually in India, this segment sees high demand from healthcare providers and patients alike. The quickest growth will come from Recurrent Infections, forecast to expand at a CAGR of 8.4% between 2026 and 2032. Recurrent Infections are increasingly prevalent, leading to a growing need for ongoing treatment solutions. The rise in awareness and targeted therapies for recurrent cases is expected to drive this segment's growth further. Suppliers should focus on developing targeted therapies for recurrent infections to capture this growing market segment.

By Drug Class – Beta-lactam Antibiotics Dominated, Combination Therapy Expected to Grow Fastest

The largest drug class category in 2025 was Beta-lactam Antibiotics, with a 38% share of total revenue. Beta-lactam Antibiotics hold the largest market share as they are the first-line treatment for most UTI cases. Their effectiveness and widespread prescription in outpatient settings contribute to their dominance in the market. Combination Therapy is projected to grow fastest, at a CAGR of 8.5% during 2026–2032. Combination Therapy is gaining traction as healthcare providers seek more effective solutions for complex cases. The increasing recognition of the need for tailored treatment approaches is propelling this segment's growth. Pharmaceutical companies should invest in research for combination therapies to meet the evolving needs of UTI treatment.

By Care Setting – Outpatient Clinics Dominated, Specialty Clinics Expected to Grow Fastest

In 2025, Outpatient Clinics led the care setting split with a 45% share. Outpatient Clinics dominate the UTI treatment market in India, handling approximately 70% of cases due to their accessibility and efficiency in managing patients. This high volume of cases underscores their critical role in the healthcare system for UTI diagnosis and treatment. Over 2026–2032, Specialty Clinics are expected to post the fastest growth, at a CAGR of 9.5%. Specialty Clinics are rapidly gaining traction as they cater to recurrent UTI cases, which require targeted therapies and specialised care. The increasing awareness and need for focused treatment options are propelling their growth in the UTI market. Suppliers should focus on developing tailored solutions for specialty clinics to meet the rising demand for specialised UTI treatments.

By End User – Patients Dominated, Women (Age 20–50) Expected to Grow Fastest

With a 51% revenue share in 2025, Patients was the largest end user category. Patients represent the largest end-user group for UTI treatments, as they are the direct recipients of care and medications. The high incidence of UTIs among the general population ensures a steady demand for treatment options. Women (Age 20–50) is set to record the highest CAGR in this split, 9.9% over 2026–2032. Women aged 20-50 are particularly susceptible to UTIs, driving the need for targeted awareness and treatment initiatives. This demographic's specific health needs are likely to fuel growth in this segment. Marketing strategies should specifically target women in the 20-50 age group to effectively address their unique health concerns related to UTIs.

Key Attractiveness of the Report

  • 10 Years of Market Numbers
  • Historical Data Starting from 2022 to 2025
  • Base Year 2025
  • Forecast Data until 2032
  • Key Performance Indicators Impacting the Market
  • Major Upcoming Developments and Projects

Key Highlights of the Report:

  • India Urinary Tract Infection Market Outlook
  • Market Size of India Urinary Tract Infection Market, 2025
  • Forecast of India Urinary Tract Infection Market, 2032
  • Historical Data and Forecast of India Urinary Tract Infection Revenues & Volume for the Period 2022 - 2032F
  • India Urinary Tract Infection Market Trend Evolution
  • India Urinary Tract Infection Market Drivers and Challenges
  • India Urinary Tract Infection Price Trends
  • India Urinary Tract Infection Porter's Five Forces
  • India Urinary Tract Infection Industry Life Cycle
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Infection Type for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Lower Tract Infection for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Upper Tract Infection for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Recurrent Infections for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Complicated UTI for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Drug Class for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Beta-lactam Antibiotics for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Fluoroquinolones for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Combination Therapy for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By IV Antibiotics for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Care Setting for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Outpatient Clinics for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Hospitals for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Specialty Clinics for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Hospital Admission for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By End User for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Patients for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Physicians for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Women (Age 20 50) for the Period 2022 - 2032F
  • Historical Data and Forecast of India Urinary Tract Infection Market Revenues & Volume By Urology Specialists for the Period 2022 - 2032F
  • India Urinary Tract Infection Import Export Trade Statistics
  • Market Opportunity Assessment By Infection Type
  • Market Opportunity Assessment By Drug Class
  • Market Opportunity Assessment By Care Setting
  • Market Opportunity Assessment By End User
  • India Urinary Tract Infection Top Companies Market Share
  • India Urinary Tract Infection Competitive Benchmarking By Technical and Operational Parameters
  • India Urinary Tract Infection Company Profiles
  • India Urinary Tract Infection Key Strategic Recommendations

Market Covered

Segments analysed in this report are listed below.

By Infection Type

  • Lower Tract Infection
  • Upper Tract Infection
  • Recurrent Infections
  • Complicated UTI

By Drug Class

  • Beta-lactam Antibiotics
  • Fluoroquinolones
  • Combination Therapy
  • IV Antibiotics

By Care Setting

  • Outpatient Clinics
  • Hospitals
  • Specialty Clinics
  • Hospital Admission

By End User

  • Patients
  • Physicians
  • Women (Age 20–50)
  • Urology Specialists

India Urinary Tract Infection Market (2026-2032) FAQs

Women (Age 20–50) is the fastest-growing segment at a CAGR of 9.9% during 2026–2032.
Key demand drivers include increased awareness campaigns, rising outpatient visits, growing demand for targeted therapies, and expansion of specialty clinics focusing on UTI management.
The 'Antimicrobial Resistance National Action Plan' by the Ministry of Health aims to improve treatment protocols and reduce resistance, impacting both producers and buyers.
The India Urinary Tract Infection Market was valued at USD 279.0 million in 2025 and is expected to reach USD 453.91 million by 2032.
The market is expected to grow at a CAGR of approximately 7.2% during 2026–2032, with annual growth peaking at 9.8% in 2032.
6Wresearch actively monitors the India Urinary Tract Infection Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Urinary Tract Infection Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 India Urinary Tract Infection Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Urinary Tract Infection Market Revenues & Volume, 2022 & 2032F

3.3 India Urinary Tract Infection Market - Industry Life Cycle

3.4 India Urinary Tract Infection Market - Porter's Five Forces

3.5 India Urinary Tract Infection Market Revenues & Volume Share, By Infection Type, 2022 & 2032F

3.6 India Urinary Tract Infection Market Revenues & Volume Share, By Drug Class, 2022 & 2032F

3.7 India Urinary Tract Infection Market Revenues & Volume Share, By Care Setting, 2022 & 2032F

3.8 India Urinary Tract Infection Market Revenues & Volume Share, By End User, 2022 & 2032F

4 India Urinary Tract Infection Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Urinary Tract Infection Market Trends

6 India Urinary Tract Infection Market, By Types

6.1 India Urinary Tract Infection Market, By Infection Type

6.1.1 Overview and Analysis

6.1.2 India Urinary Tract Infection Market Revenues & Volume, By Infection Type, 2022 - 2032F

6.1.3 India Urinary Tract Infection Market Revenues & Volume, By Lower Tract Infection, 2022 - 2032F

6.1.4 India Urinary Tract Infection Market Revenues & Volume, By Upper Tract Infection, 2022 - 2032F

6.1.5 India Urinary Tract Infection Market Revenues & Volume, By Recurrent Infections, 2022 - 2032F

6.1.6 India Urinary Tract Infection Market Revenues & Volume, By Complicated UTI, 2022 - 2032F

6.2 India Urinary Tract Infection Market, By Drug Class

6.2.1 Overview and Analysis

6.2.2 India Urinary Tract Infection Market Revenues & Volume, By Beta-lactam Antibiotics, 2022 - 2032F

6.2.3 India Urinary Tract Infection Market Revenues & Volume, By Fluoroquinolones, 2022 - 2032F

6.2.4 India Urinary Tract Infection Market Revenues & Volume, By Combination Therapy, 2022 - 2032F

6.2.5 India Urinary Tract Infection Market Revenues & Volume, By IV Antibiotics, 2022 - 2032F

6.3 India Urinary Tract Infection Market, By Care Setting

6.3.1 Overview and Analysis

6.3.2 India Urinary Tract Infection Market Revenues & Volume, By Outpatient Clinics, 2022 - 2032F

6.3.3 India Urinary Tract Infection Market Revenues & Volume, By Hospitals, 2022 - 2032F

6.3.4 India Urinary Tract Infection Market Revenues & Volume, By Specialty Clinics, 2022 - 2032F

6.3.5 India Urinary Tract Infection Market Revenues & Volume, By Hospital Admission, 2022 - 2032F

6.4 India Urinary Tract Infection Market, By End User

6.4.1 Overview and Analysis

6.4.2 India Urinary Tract Infection Market Revenues & Volume, By Patients, 2022 - 2032F

6.4.3 India Urinary Tract Infection Market Revenues & Volume, By Physicians, 2022 - 2032F

6.4.4 India Urinary Tract Infection Market Revenues & Volume, By Women (Age 20–50), 2022 - 2032F

6.4.5 India Urinary Tract Infection Market Revenues & Volume, By Urology Specialists, 2022 - 2032F

7 India Urinary Tract Infection Market Import-Export Trade Statistics

7.1 India Urinary Tract Infection Market Export to Major Countries

7.2 India Urinary Tract Infection Market Imports from Major Countries

8 India Urinary Tract Infection Market Key Performance Indicators

9 India Urinary Tract Infection Market - Opportunity Assessment

9.1 India Urinary Tract Infection Market Opportunity Assessment, By Infection Type, 2022 & 2032F

9.2 India Urinary Tract Infection Market Opportunity Assessment, By Drug Class, 2022 & 2032F

9.3 India Urinary Tract Infection Market Opportunity Assessment, By Care Setting, 2022 & 2032F

9.4 India Urinary Tract Infection Market Opportunity Assessment, By End User, 2022 & 2032F

10 India Urinary Tract Infection Market - Competitive Landscape

10.1 India Urinary Tract Infection Market Revenue Share, By Companies, 2025

10.2 India Urinary Tract Infection Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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