▶ 調査レポート

世界の折りたたみ式杖市場(~2028年):2段折り型、3段折り型、その他

• 英文タイトル:Global Foldable Walking Stick Market Insights, Forecast to 2028

Global Foldable Walking Stick Market Insights, Forecast to 2028「世界の折りたたみ式杖市場(~2028年):2段折り型、3段折り型、その他」(市場規模、市場予測)調査レポートです。• レポートコード:MRC2Q12-05713
• 出版社/出版日:QYResearch / 2022年12月
• レポート形態:英文、PDF、106ページ
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レポート概要
新型コロナウイルス感染症とロシア・ウクライナ戦争の影響により、折りたたみ式杖のグローバル市場は 2022にxxxドルと推定され、2028年までにxxxドルの規模に達し、2022年から2028年の予測期間中にxxx%のCAGRで成長すると予測されています。
折りたたみ式杖のアメリカ市場は、2023年から2028年の予測期間中にxxx%のCAGRで、2022年xxxドルから2028年xxxドルに達すると推定されています。
折りたたみ式杖の中国市場は、2023年から2028年の予測期間中にxxx%のCAGRで、2022年xxxドルから2028年xxxドルに達すると推定されています。
折りたたみ式杖のヨーロッパ市場は、2023年から2028年の予測期間中にxxx%のCAGRで、2022年xxxドルから2028年xxxドルに達すると推定されています。

生産面において、本レポートは2017年から2022年までの折りたたみ式杖の生産、成長率、メーカー別市場シェア、地域別市場シェア、および2028年までの予測を調査しています。販売面において、本レポートは2017年から2022年までの地域別、企業別、タイプ別、アプリケーション別の折りたたみ式杖の売上および2028年までの予測に焦点を当てています。

折りたたみ式杖のグローバル主要企業には、AlboLand、Orthosxxi、Jianlian Household Products Co., Ltd.、Genteel、SINANO Japan、Prosper Way、Vermeiren India Rehab Private Limited、Cardinal Health、Medline Industries、Drive DeVilbiss Healthcare、NOVA Medical Products、Invacare Corporation、GF Health Products、Ergoactivesなどがあります。2021年、世界のトップ5プレイヤーは売上ベースで約xxx%の市場シェアを占めています。

折りたたみ式杖市場は、タイプとアプリケーションによって区分されます。世界の折りたたみ式杖市場のプレーヤー、利害関係者、およびその他の参加者は、当レポートを有益なリソースとして使用することで優位に立つことができます。セグメント分析は、2017年~2028年期間のタイプ別およびアプリケーション別の販売量、売上、予測に焦点を当てています。

【タイプ別セグメント】
2段折り型、3段折り型、その他

【アプリケーション別セグメント】
病院薬局、医療小売店、オンラインストア、その他

【掲載地域】
北米:アメリカ、カナダ
ヨーロッパ:ドイツ、フランス、イギリス、イタリア、ロシア
アジア太平洋:日本、中国、韓国、インド、オーストラリア、台湾、インドネシア、タイ、マレーシア
中南米:メキシコ、ブラジル、アルゼンチン
中東・アフリカ:トルコ、サウジアラビア、UAE

【目次(一部)】

・調査の範囲
- 折りたたみ式杖製品概要
- タイプ別市場(2段折り型、3段折り型、その他)
- アプリケーション別市場(病院薬局、医療小売店、オンラインストア、その他)
- 調査の目的
・エグゼクティブサマリー
- 世界の折りたたみ式杖販売量予測2017-2028
- 世界の折りたたみ式杖売上予測2017-2028
- 折りたたみ式杖の地域別販売量
- 折りたたみ式杖の地域別売上
- 北米市場
- ヨーロッパ市場
- アジア太平洋市場
- 中南米市場
- 中東・アフリカ市場
・メーカーの競争状況
- 主要メーカー別折りたたみ式杖販売量
- 主要メーカー別折りたたみ式杖売上
- 主要メーカー別折りたたみ式杖価格
- 競争状況の分析
- 企業M&A動向
・タイプ別市場規模(2段折り型、3段折り型、その他)
- 折りたたみ式杖のタイプ別販売量
- 折りたたみ式杖のタイプ別売上
- 折りたたみ式杖のタイプ別価格
・アプリケーション別市場規模(病院薬局、医療小売店、オンラインストア、その他)
- 折りたたみ式杖のアプリケーション別販売量
- 折りたたみ式杖のアプリケーション別売上
- 折りたたみ式杖のアプリケーション別価格
・北米市場
- 北米の折りたたみ式杖市場規模(タイプ別、アプリケーション別)
- 主要国別の折りたたみ式杖市場規模(アメリカ、カナダ)
・ヨーロッパ市場
- ヨーロッパの折りたたみ式杖市場規模(タイプ別、アプリケーション別)
- 主要国別の折りたたみ式杖市場規模(ドイツ、フランス、イギリス、イタリア、ロシア)
・アジア太平洋市場
- アジア太平洋の折りたたみ式杖市場規模(タイプ別、アプリケーション別)
- 主要国別の折りたたみ式杖市場規模(日本、中国、韓国、インド、オーストラリア、台湾、インドネシア、タイ、マレーシア)
・中南米市場
- 中南米の折りたたみ式杖市場規模(タイプ別、アプリケーション別)
- 主要国別の折りたたみ式杖市場規模(メキシコ、ブラジル、アルゼンチン)
・中東・アフリカ市場
- 中東・アフリカの折りたたみ式杖市場規模(タイプ別、アプリケーション別)
- 主要国別の折りたたみ式杖市場規模(トルコ、サウジアラビア)
・企業情報
AlboLand、Orthosxxi、Jianlian Household Products Co., Ltd.、Genteel、SINANO Japan、Prosper Way、Vermeiren India Rehab Private Limited、Cardinal Health、Medline Industries、Drive DeVilbiss Healthcare、NOVA Medical Products、Invacare Corporation、GF Health Products、Ergoactives
・産業チェーン及び販売チャネル分析
- 折りたたみ式杖の産業チェーン分析
- 折りたたみ式杖の原材料
- 折りたたみ式杖の生産プロセス
- 折りたたみ式杖の販売及びマーケティング
- 折りたたみ式杖の主要顧客
・マーケットドライバー、機会、課題、リスク要因分析
- 折りたたみ式杖の産業動向
- 折りたたみ式杖のマーケットドライバー
- 折りたたみ式杖の課題
- 折りたたみ式杖の阻害要因
・主な調査結果

Market Analysis and Insights: Global Foldable Walking Stick Market
Due to the COVID-19 pandemic, the global Foldable Walking Stick market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, 2 Truncated accounting for % of the Foldable Walking Stick global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Hospital Pharmacies segment is altered to an % CAGR throughout this forecast period.
China Foldable Walking Stick market size is valued at US$ million in 2021, while the US and Europe Foldable Walking Stick are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Foldable Walking Stick landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
The global key manufacturers of Foldable Walking Stick include AlboLand, Orthosxxi, Jianlian Household Products Co., Ltd., Genteel, SINANO Japan, Prosper Way, Vermeiren India Rehab Private Limited, Cardinal Health and Medline Industries, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Global Foldable Walking Stick Scope and Segment
Foldable Walking Stick market is segmented by Type and by Sales Channel. Players, stakeholders, and other participants in the global Foldable Walking Stick market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Sales Channel for the period 2017-2028.
Segment by Type
2 Truncated
3 Truncated
Others
Segment by Sales Channel
Hospital Pharmacies
Medical Retail Stores
Online Stores
Others
By Company
AlboLand
Orthosxxi
Jianlian Household Products Co., Ltd.
Genteel
SINANO Japan
Prosper Way
Vermeiren India Rehab Private Limited
Cardinal Health
Medline Industries
Drive DeVilbiss Healthcare
NOVA Medical Products
Invacare Corporation
GF Health Products
Ergoactives
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE

レポート目次

1 Study Coverage
1.1 Foldable Walking Stick Product Introduction
1.2 Market by Type
1.2.1 Global Foldable Walking Stick Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
1.2.2 2 Truncated
1.2.3 3 Truncated
1.2.4 Others
1.3 Market by Sales Channel
1.3.1 Global Foldable Walking Stick Market Size Growth Rate by Sales Channel, 2017 VS 2021 VS 2028
1.3.2 Hospital Pharmacies
1.3.3 Medical Retail Stores
1.3.4 Online Stores
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Foldable Walking Stick Sales Estimates and Forecasts 2017-2028
2.2 Global Foldable Walking Stick Revenue Estimates and Forecasts 2017-2028
2.3 Global Foldable Walking Stick Revenue by Region: 2017 VS 2021 VS 2028
2.4 Global Foldable Walking Stick Sales by Region
2.4.1 Global Foldable Walking Stick Sales by Region (2017-2022)
2.4.2 Global Sales Foldable Walking Stick by Region (2023-2028)
2.5 Global Foldable Walking Stick Revenue by Region
2.5.1 Global Foldable Walking Stick Revenue by Region (2017-2022)
2.5.2 Global Foldable Walking Stick Revenue by Region (2023-2028)
2.6 North America
2.7 Europe
2.8 Asia-Pacific
2.9 Latin America
2.10 Middle East & Africa
3 Competition by Manufacturers
3.1 Global Foldable Walking Stick Sales by Manufacturers
3.1.1 Global Top Foldable Walking Stick Manufacturers by Sales (2017-2022)
3.1.2 Global Foldable Walking Stick Sales Market Share by Manufacturers (2017-2022)
3.1.3 Global Top 10 and Top 5 Largest Manufacturers of Foldable Walking Stick in 2021
3.2 Global Foldable Walking Stick Revenue by Manufacturers
3.2.1 Global Foldable Walking Stick Revenue by Manufacturers (2017-2022)
3.2.2 Global Foldable Walking Stick Revenue Market Share by Manufacturers (2017-2022)
3.2.3 Global Top 10 and Top 5 Companies by Foldable Walking Stick Revenue in 2021
3.3 Global Foldable Walking Stick Sales Price by Manufacturers (2017-2022)
3.4 Analysis of Competitive Landscape
3.4.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Foldable Walking Stick Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4.3 Global Foldable Walking Stick Manufacturers Geographical Distribution
3.5 Mergers & Acquisitions, Expansion Plans
4 Market Size by Type
4.1 Global Foldable Walking Stick Sales by Type
4.1.1 Global Foldable Walking Stick Historical Sales by Type (2017-2022)
4.1.2 Global Foldable Walking Stick Forecasted Sales by Type (2023-2028)
4.1.3 Global Foldable Walking Stick Sales Market Share by Type (2017-2028)
4.2 Global Foldable Walking Stick Revenue by Type
4.2.1 Global Foldable Walking Stick Historical Revenue by Type (2017-2022)
4.2.2 Global Foldable Walking Stick Forecasted Revenue by Type (2023-2028)
4.2.3 Global Foldable Walking Stick Revenue Market Share by Type (2017-2028)
4.3 Global Foldable Walking Stick Price by Type
4.3.1 Global Foldable Walking Stick Price by Type (2017-2022)
4.3.2 Global Foldable Walking Stick Price Forecast by Type (2023-2028)
5 Market Size by Sales Channel
5.1 Global Foldable Walking Stick Sales by Sales Channel
5.1.1 Global Foldable Walking Stick Historical Sales by Sales Channel (2017-2022)
5.1.2 Global Foldable Walking Stick Forecasted Sales by Sales Channel (2023-2028)
5.1.3 Global Foldable Walking Stick Sales Market Share by Sales Channel (2017-2028)
5.2 Global Foldable Walking Stick Revenue by Sales Channel
5.2.1 Global Foldable Walking Stick Historical Revenue by Sales Channel (2017-2022)
5.2.2 Global Foldable Walking Stick Forecasted Revenue by Sales Channel (2023-2028)
5.2.3 Global Foldable Walking Stick Revenue Market Share by Sales Channel (2017-2028)
5.3 Global Foldable Walking Stick Price by Sales Channel
5.3.1 Global Foldable Walking Stick Price by Sales Channel (2017-2022)
5.3.2 Global Foldable Walking Stick Price Forecast by Sales Channel (2023-2028)
6 North America
6.1 North America Foldable Walking Stick Market Size by Type
6.1.1 North America Foldable Walking Stick Sales by Type (2017-2028)
6.1.2 North America Foldable Walking Stick Revenue by Type (2017-2028)
6.2 North America Foldable Walking Stick Market Size by Sales Channel
6.2.1 North America Foldable Walking Stick Sales by Sales Channel (2017-2028)
6.2.2 North America Foldable Walking Stick Revenue by Sales Channel (2017-2028)
6.3 North America Foldable Walking Stick Market Size by Country
6.3.1 North America Foldable Walking Stick Sales by Country (2017-2028)
6.3.2 North America Foldable Walking Stick Revenue by Country (2017-2028)
6.3.3 United States
6.3.4 Canada
7 Europe
7.1 Europe Foldable Walking Stick Market Size by Type
7.1.1 Europe Foldable Walking Stick Sales by Type (2017-2028)
7.1.2 Europe Foldable Walking Stick Revenue by Type (2017-2028)
7.2 Europe Foldable Walking Stick Market Size by Sales Channel
7.2.1 Europe Foldable Walking Stick Sales by Sales Channel (2017-2028)
7.2.2 Europe Foldable Walking Stick Revenue by Sales Channel (2017-2028)
7.3 Europe Foldable Walking Stick Market Size by Country
7.3.1 Europe Foldable Walking Stick Sales by Country (2017-2028)
7.3.2 Europe Foldable Walking Stick Revenue by Country (2017-2028)
7.3.3 Germany
7.3.4 France
7.3.5 U.K.
7.3.6 Italy
7.3.7 Russia
8 Asia Pacific
8.1 Asia Pacific Foldable Walking Stick Market Size by Type
8.1.1 Asia Pacific Foldable Walking Stick Sales by Type (2017-2028)
8.1.2 Asia Pacific Foldable Walking Stick Revenue by Type (2017-2028)
8.2 Asia Pacific Foldable Walking Stick Market Size by Sales Channel
8.2.1 Asia Pacific Foldable Walking Stick Sales by Sales Channel (2017-2028)
8.2.2 Asia Pacific Foldable Walking Stick Revenue by Sales Channel (2017-2028)
8.3 Asia Pacific Foldable Walking Stick Market Size by Region
8.3.1 Asia Pacific Foldable Walking Stick Sales by Region (2017-2028)
8.3.2 Asia Pacific Foldable Walking Stick Revenue by Region (2017-2028)
8.3.3 China
8.3.4 Japan
8.3.5 South Korea
8.3.6 India
8.3.7 Australia
8.3.8 China Taiwan
8.3.9 Indonesia
8.3.10 Thailand
8.3.11 Malaysia
9 Latin America
9.1 Latin America Foldable Walking Stick Market Size by Type
9.1.1 Latin America Foldable Walking Stick Sales by Type (2017-2028)
9.1.2 Latin America Foldable Walking Stick Revenue by Type (2017-2028)
9.2 Latin America Foldable Walking Stick Market Size by Sales Channel
9.2.1 Latin America Foldable Walking Stick Sales by Sales Channel (2017-2028)
9.2.2 Latin America Foldable Walking Stick Revenue by Sales Channel (2017-2028)
9.3 Latin America Foldable Walking Stick Market Size by Country
9.3.1 Latin America Foldable Walking Stick Sales by Country (2017-2028)
9.3.2 Latin America Foldable Walking Stick Revenue by Country (2017-2028)
9.3.3 Mexico
9.3.4 Brazil
9.3.5 Argentina
9.3.6 Colombia
10 Middle East and Africa
10.1 Middle East and Africa Foldable Walking Stick Market Size by Type
10.1.1 Middle East and Africa Foldable Walking Stick Sales by Type (2017-2028)
10.1.2 Middle East and Africa Foldable Walking Stick Revenue by Type (2017-2028)
10.2 Middle East and Africa Foldable Walking Stick Market Size by Sales Channel
10.2.1 Middle East and Africa Foldable Walking Stick Sales by Sales Channel (2017-2028)
10.2.2 Middle East and Africa Foldable Walking Stick Revenue by Sales Channel (2017-2028)
10.3 Middle East and Africa Foldable Walking Stick Market Size by Country
10.3.1 Middle East and Africa Foldable Walking Stick Sales by Country (2017-2028)
10.3.2 Middle East and Africa Foldable Walking Stick Revenue by Country (2017-2028)
10.3.3 Turkey
10.3.4 Saudi Arabia
11 Company Profiles
11.1 AlboLand
11.1.1 AlboLand Corporation Information
11.1.2 AlboLand Overview
11.1.3 AlboLand Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.1.4 AlboLand Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.1.5 AlboLand Recent Developments
11.2 Orthosxxi
11.2.1 Orthosxxi Corporation Information
11.2.2 Orthosxxi Overview
11.2.3 Orthosxxi Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.2.4 Orthosxxi Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.2.5 Orthosxxi Recent Developments
11.3 Jianlian Household Products Co., Ltd.
11.3.1 Jianlian Household Products Co., Ltd. Corporation Information
11.3.2 Jianlian Household Products Co., Ltd. Overview
11.3.3 Jianlian Household Products Co., Ltd. Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.3.4 Jianlian Household Products Co., Ltd. Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.3.5 Jianlian Household Products Co., Ltd. Recent Developments
11.4 Genteel
11.4.1 Genteel Corporation Information
11.4.2 Genteel Overview
11.4.3 Genteel Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.4.4 Genteel Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.4.5 Genteel Recent Developments
11.5 SINANO Japan
11.5.1 SINANO Japan Corporation Information
11.5.2 SINANO Japan Overview
11.5.3 SINANO Japan Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.5.4 SINANO Japan Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.5.5 SINANO Japan Recent Developments
11.6 Prosper Way
11.6.1 Prosper Way Corporation Information
11.6.2 Prosper Way Overview
11.6.3 Prosper Way Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.6.4 Prosper Way Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.6.5 Prosper Way Recent Developments
11.7 Vermeiren India Rehab Private Limited
11.7.1 Vermeiren India Rehab Private Limited Corporation Information
11.7.2 Vermeiren India Rehab Private Limited Overview
11.7.3 Vermeiren India Rehab Private Limited Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.7.4 Vermeiren India Rehab Private Limited Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.7.5 Vermeiren India Rehab Private Limited Recent Developments
11.8 Cardinal Health
11.8.1 Cardinal Health Corporation Information
11.8.2 Cardinal Health Overview
11.8.3 Cardinal Health Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.8.4 Cardinal Health Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.8.5 Cardinal Health Recent Developments
11.9 Medline Industries
11.9.1 Medline Industries Corporation Information
11.9.2 Medline Industries Overview
11.9.3 Medline Industries Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.9.4 Medline Industries Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.9.5 Medline Industries Recent Developments
11.10 Drive DeVilbiss Healthcare
11.10.1 Drive DeVilbiss Healthcare Corporation Information
11.10.2 Drive DeVilbiss Healthcare Overview
11.10.3 Drive DeVilbiss Healthcare Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.10.4 Drive DeVilbiss Healthcare Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.10.5 Drive DeVilbiss Healthcare Recent Developments
11.11 NOVA Medical Products
11.11.1 NOVA Medical Products Corporation Information
11.11.2 NOVA Medical Products Overview
11.11.3 NOVA Medical Products Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.11.4 NOVA Medical Products Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.11.5 NOVA Medical Products Recent Developments
11.12 Invacare Corporation
11.12.1 Invacare Corporation Corporation Information
11.12.2 Invacare Corporation Overview
11.12.3 Invacare Corporation Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.12.4 Invacare Corporation Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.12.5 Invacare Corporation Recent Developments
11.13 GF Health Products
11.13.1 GF Health Products Corporation Information
11.13.2 GF Health Products Overview
11.13.3 GF Health Products Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.13.4 GF Health Products Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.13.5 GF Health Products Recent Developments
11.14 Ergoactives
11.14.1 Ergoactives Corporation Information
11.14.2 Ergoactives Overview
11.14.3 Ergoactives Foldable Walking Stick Sales, Price, Revenue and Gross Margin (2017-2022)
11.14.4 Ergoactives Foldable Walking Stick Product Model Numbers, Pictures, Descriptions and Specifications
11.14.5 Ergoactives Recent Developments
12 Industry Chain and Sales Channels Analysis
12.1 Foldable Walking Stick Industry Chain Analysis
12.2 Foldable Walking Stick Key Raw Materials
12.2.1 Key Raw Materials
12.2.2 Raw Materials Key Suppliers
12.3 Foldable Walking Stick Production Mode & Process
12.4 Foldable Walking Stick Sales and Marketing
12.4.1 Foldable Walking Stick Sales Channels
12.4.2 Foldable Walking Stick Distributors
12.5 Foldable Walking Stick Customers
13 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
13.1 Foldable Walking Stick Industry Trends
13.2 Foldable Walking Stick Market Drivers
13.3 Foldable Walking Stick Market Challenges
13.4 Foldable Walking Stick Market Restraints
14 Key Findings in The Global Foldable Walking Stick Study
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer