Global Infusion Pumps Competitive Landscape Professional Research Report 2024

Research Summary

Infusion pumps are medical devices designed to deliver fluids, such as medications, nutrients, or fluids for hydration, into a patient's body in a controlled manner. They are commonly used in healthcare settings to administer intravenous (IV) medications, chemotherapy drugs, anesthesia, and other therapies. Infusion pumps precisely regulate the flow rate and volume of fluid delivered to the patient, allowing for accurate dosing and continuous infusion over a specified period. These pumps come in various types, including syringe pumps, volumetric pumps, and ambulatory pumps, each suited for different applications and patient needs. Infusion pumps enhance patient safety by reducing the risk of medication errors, improving treatment efficacy, and enabling healthcare providers to closely monitor and adjust therapy parameters as needed. Additionally, they offer features such as alarms, programmable settings, and infusion rate calculations to ensure optimal delivery of fluids while minimizing the potential for complications.

According to DIResearch's in-depth investigation and research, the global Infusion Pumps market size will reach US$ XX Million in 2024, and is expected to reach US$ XX Million in 2030, with a CAGR of XX% (2025-2030). Among them, the China market has changed rapidly in the past few years. The market size in 2024 will be US$ XX Million, accounting for approximately XX% of the world. It is expected to reach US$ XX Million in 2030, and the global share will reach XX%.

The major global manufacturers of Infusion Pumps include AngioDynamics, Animas Corporation (A Johnson & Johnson Company), B. Braun Melsungen AG, Baxter International Inc, Becton, Caesarea Medical Electronics, Cane S.p.A., Dickinson and Company (BD), F. Hoffmann-La Roche Ltd., Fresenius Kabi AG KGAA, Halyard Health, Hospira Inc. (A Pfizer Company), ICU Medical Inc., Medtronic PLC, Micrel Medical Devices, Moog Inc., Novo Nordisk, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Smiths Group PLC, Teleflex Incorporated, Terumo Europe NV, Tricumed Medizintechnik GmbH, Zoll Medical, Zyno Medical etc. The global players competition landscape in this report is divided into three tiers. The first tiers is the global leading enterprise, which occupies a major market share, is in a leading position in the industry, has strong competitiveness and influence, and has a large revenue scale; the second tiers has a certain share and popularity in the market, actively follows the industry leaders in product, service or technological innovation, and has a medium revenue scale; the third tiers has a smaller share in the market, has a lower brand awareness, mainly focuses on the local market, and has a relatively small revenue scale.

This report studies the market size, price trends and future development prospects of Infusion Pumps. Focus on analysing the market share, product portfolio, prices, sales volume, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Infusion Pumps market. The report data covers historical data from 2019 to 2023, based year in 2024 and forecast data from 2025 to 2030.

The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the Infusion Pumps market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Infusion Pumps industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy. ?  ?

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Infusion Pumps Include:

AngioDynamics

Animas Corporation (A Johnson & Johnson Company)

B. Braun Melsungen AG

Baxter International Inc

Becton

Caesarea Medical Electronics

Cane S.p.A.

Dickinson and Company (BD)

F. Hoffmann-La Roche Ltd.

Fresenius Kabi AG KGAA

Halyard Health

Hospira Inc. (A Pfizer Company)

ICU Medical Inc.

Medtronic PLC

Micrel Medical Devices

Moog Inc.

Novo Nordisk

Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

Smiths Group PLC

Teleflex Incorporated

Terumo Europe NV

Tricumed Medizintechnik GmbH

Zoll Medical

Zyno Medical

Infusion Pumps Product Segment Include:

Ordinary Infusion Pump

Microinfusion Infusion Pump

Multi-channel Infusion Pump

Infusion Pumps Product Application Include:

Hospitals

Home Healthcare

Clinics

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends

Chapter 2: Global Infusion Pumps Industry PESTEL Analysis

Chapter 3: Global Infusion Pumps Industry Porter's Five Forces Analysis

Chapter 4: Global Infusion Pumps Major Regional Market Size (Revenue, Sales, Price) and Forecast Analysis

Chapter 5: Global Infusion Pumps Market Size and Forecast by Type and Application Analysis

Chapter 6: North America Infusion Pumps Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 7: Europe Infusion Pumps Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 8: China Infusion Pumps Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 9: APAC (Excl. China) Infusion Pumps Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 10: Latin America Infusion Pumps Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 11: Middle East and Africa Infusion Pumps Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 12: Global Infusion Pumps Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 13: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers

Chapter 15: Research Findings and Conclusion

Chapter 16: Methodology and Data Sources

Table of Contents

1 Infusion Pumps Market Overview

1.1 Product Definition and Statistical Scope

1.2 Infusion Pumps Product by Type

1.2.1 Global Infusion Pumps Market Size by Type, 2023 VS 2024 VS 2030

1.2.2 Ordinary Infusion Pump

1.2.3 Microinfusion Infusion Pump

1.2.4 Multi-channel Infusion Pump

1.3 Infusion Pumps Product by Application

1.3.1 Global Infusion Pumps Market Size by Application, 2023 VS 2024 VS 2030

1.3.2 Hospitals

1.3.3 Home Healthcare

1.3.4 Clinics

1.3.5 Others

1.4 Global Infusion Pumps Market Revenue and Sales Analysis

1.4.1 Global Infusion Pumps Market Size Analysis (2019-2030)

1.4.2 Global Infusion Pumps Market Sales Analysis (2019-2030)

1.4.3 Global Infusion Pumps Market Sales Price Trend Analysis (2019-2030)

1.5 Infusion Pumps Market Development Status and Trends

1.5.1 Infusion Pumps Industry Development Status Analysis

1.5.2 Infusion Pumps Industry Development Trends Analysis

2 Infusion Pumps Market PESTEL Analysis

2.1 Political Factors Analysis

2.2 Economic Factors Analysis

2.3 Social Factors Analysis

2.4 Technological Factors Analysis

2.5 Environmental Factors Analysis

2.6 Legal Factors Analysis

3 Infusion Pumps Market Porter's Five Forces Analysis

3.1 Competitive Rivalry

3.2 Threat of New Entrants

3.3 Bargaining Power of Suppliers

3.4 Bargaining Power of Buyers

3.5 Threat of Substitutes

4 Global Infusion Pumps Market Analysis by Regions

4.1 Infusion Pumps Overall Market: 2023 VS 2024 VS 2030

4.2 Global Infusion Pumps Revenue and Forecast Analysis (2019-2030)

4.2.1 Global Infusion Pumps Revenue and Market Share by Region (2019-2024)

4.2.2 Global Infusion Pumps Revenue Forecast by Region (2025-2030)

4.3 Global Infusion Pumps Sales and Forecast Analysis (2019-2030)

4.3.1 Global Infusion Pumps Sales and Market Share by Region (2019-2024)

4.3.2 Global Infusion Pumps Sales Forecast by Region (2025-2030)

4.4 Global Infusion Pumps Sales Price Trend Analysis (2019-2030)

5 Global Infusion Pumps Market Size by Type and Application

5.1 Global Infusion Pumps Market Size by Type

5.1.1 Global Infusion Pumps Revenue and Forecast Analysis by Type (2019-2030)

5.1.2 Global Infusion Pumps Sales and Forecast Analysis by Type (2019-2030)

5.2 Global Infusion Pumps Market Size by Application

5.2.1 Global Infusion Pumps Revenue and Forecast Analysis by Application (2019-2030)

5.2.2 Global Infusion Pumps Sales and Forecast Analysis by Application (2019-2030)

6 North America

6.1 North America Infusion Pumps Market Size and Growth Rate Analysis (2019-2030)

6.2 North America Key Manufacturers Analysis

6.3 North America Infusion Pumps Market Size by Type

6.3.1 North America Infusion Pumps Sales by Type (2019-2030)

6.3.2 North America Infusion Pumps Revenue by Type (2019-2030)

6.4 North America Infusion Pumps Market Size by Application

6.4.1 North America Infusion Pumps Sales by Application (2019-2030)

6.4.2 North America Infusion Pumps Revenue by Application (2019-2030)

6.5 North America Infusion Pumps Market Size by Country

6.5.1 US

6.5.2 Canada

7 Europe

7.1 Europe Infusion Pumps Market Size and Growth Rate Analysis (2019-2030)

7.2 Europe Key Manufacturers Analysis

7.3 Europe Infusion Pumps Market Size by Type

7.3.1 Europe Infusion Pumps Sales by Type (2019-2030)

7.3.2 Europe Infusion Pumps Revenue by Type (2019-2030)

7.4 Europe Infusion Pumps Market Size by Application

7.4.1 Europe Infusion Pumps Sales by Application (2019-2030)

7.4.2 ? Europe Infusion Pumps Revenue by Application (2019-2030)

7.5 Europe Infusion Pumps Market Size by Country

7.5.1 Germany

7.5.2 France

7.5.3 United Kingdom

7.5.4 Italy

7.5.5 Spain

7.5.6 Benelux

8 China

8.1 China Infusion Pumps Market Size and Growth Rate Analysis (2019-2030)

8.2 China Key Manufacturers Analysis

8.3 China Infusion Pumps Market Size by Type

8.3.1 China Infusion Pumps Sales by Type (2019-2030)

8.3.2 China Infusion Pumps Revenue by Type (2019-2030)

8.4 China Infusion Pumps Market Size by Application

8.4.1 China Infusion Pumps Sales by Application (2019-2030)

8.4.2 China Infusion Pumps Revenue by Application (2019-2030)

9 APAC (excl. China)

9.1 APAC (excl. China) Infusion Pumps Market Size and Growth Rate Analysis (2019-2030)

9.2 APAC (excl. China) Key Manufacturers Analysis

9.3 APAC (excl. China) Infusion Pumps Market Size by Type

9.3.1 APAC (excl. China) Infusion Pumps Sales by Type (2019-2030)

9.3.2 APAC (excl. China) Infusion Pumps Revenue by Type (2019-2030)

9.4 APAC (excl. China) Infusion Pumps Market Size by Application

9.4.1 APAC (excl. China) Infusion Pumps Sales by Application (2019-2030)

9.4.2 APAC (excl. China) Infusion Pumps Revenue by Application (2019-2030)

9.5 APAC (excl. China) Infusion Pumps Market Size by Country

9.5.1 Japan

9.5.2 South Korea

9.5.3 India

9.5.4 Australia

9.5.5 Indonesia

9.5.6 Vietnam

9.5.7 Malaysia

9.5.8 Thailand

10 Latin America

10.1 Latin America Infusion Pumps Market Size and Growth Rate Analysis (2019-2030)

10.2 Latin America Key Manufacturers Analysis

10.3 Latin America Infusion Pumps Market Size by Type

10.3.1 Latin America Infusion Pumps Sales by Type (2019-2030)

10.3.2 Latin America Infusion Pumps Revenue by Type (2019-2030)

10.4 Latin America Infusion Pumps Market Size by Application

10.4.1 Latin America Infusion Pumps Sales by Application (2019-2030)

10.4.2 Latin America Infusion Pumps Revenue by Application (2019-2030)

10.5 Latin America Infusion Pumps Market Size by Country

10.5.1 Mexico

10.5.2 Brazil

11 Middle East & Africa

11.1 Middle East & Africa Infusion Pumps Market Size and Growth Rate Analysis (2019-2030)

11.2 Middle East & Africa Key Manufacturers Analysis

11.3 Middle East & Africa Infusion Pumps Market Size by Type

11.3.1 Middle East & Africa Infusion Pumps Sales by Type (2019-2030)

11.3.2 Middle East & Africa Infusion Pumps Revenue by Type (2019-2030)

11.4 Middle East & Africa Infusion Pumps Market Size by Application

11.4.1 Middle East & Africa Infusion Pumps Sales by Application (2019-2030)

11.4.2 Middle East & Africa Infusion Pumps Revenue by Application (2019-2030)

11.5 Middle East & Africa Infusion Pumps Market Size by Country

11.5.1 Saudi Arabia

11.5.2 South Africa

12 Competition by Manufacturers

12.1 Global Infusion Pumps Market Sales, Revenue and Price by Key Manufacturers (2020-2024)

12.1.1 Global Infusion Pumps Market Sales by Key Manufacturers (2020-2024)

12.1.2 Global Infusion Pumps Market Revenue by Key Manufacturers (2020-2024)

12.1.3 Global Infusion Pumps Average Sales Price by Manufacturers (2020-2024)

12.2 Infusion Pumps Competitive Landscape Analysis and Market Dynamic

12.2.1 Infusion Pumps Competitive Landscape Analysis

12.2.2 Global Key Manufacturers Headquarter Location and Key Area Sales

12.2.3 Market Dynamic

13 Key Companies Analysis

13.1 AngioDynamics

13.1.1 AngioDynamics Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.1.2 AngioDynamics Infusion Pumps Product Portfolio

13.1.3 AngioDynamics Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.2 Animas Corporation (A Johnson & Johnson Company)

13.2.1 Animas Corporation (A Johnson & Johnson Company) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.2.2 Animas Corporation (A Johnson & Johnson Company) Infusion Pumps Product Portfolio

13.2.3 Animas Corporation (A Johnson & Johnson Company) Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.3 B. Braun Melsungen AG

13.3.1 B. Braun Melsungen AG Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.3.2 B. Braun Melsungen AG Infusion Pumps Product Portfolio

13.3.3 B. Braun Melsungen AG Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.4 Baxter International Inc

13.4.1 Baxter International Inc Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.4.2 Baxter International Inc Infusion Pumps Product Portfolio

13.4.3 Baxter International Inc Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.5 Becton

13.5.1 Becton Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.5.2 Becton Infusion Pumps Product Portfolio

13.5.3 Becton Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.6 Caesarea Medical Electronics

13.6.1 Caesarea Medical Electronics Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.6.2 Caesarea Medical Electronics Infusion Pumps Product Portfolio

13.6.3 Caesarea Medical Electronics Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.7 Cane S.p.A.

13.7.1 Cane S.p.A. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.7.2 Cane S.p.A. Infusion Pumps Product Portfolio

13.7.3 Cane S.p.A. Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.8 Dickinson and Company (BD)

13.8.1 Dickinson and Company (BD) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.8.2 Dickinson and Company (BD) Infusion Pumps Product Portfolio

13.8.3 Dickinson and Company (BD) Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.9 F. Hoffmann-La Roche Ltd.

13.9.1 F. Hoffmann-La Roche Ltd. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.9.2 F. Hoffmann-La Roche Ltd. Infusion Pumps Product Portfolio

13.9.3 F. Hoffmann-La Roche Ltd. Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.10 Fresenius Kabi AG KGAA

13.10.1 Fresenius Kabi AG KGAA Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.10.2 Fresenius Kabi AG KGAA Infusion Pumps Product Portfolio

13.10.3 Fresenius Kabi AG KGAA Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.11 Halyard Health

13.11.1 Halyard Health Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.11.2 Halyard Health Infusion Pumps Product Portfolio

13.11.3 Halyard Health Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.12 Hospira Inc. (A Pfizer Company)

13.12.1 Hospira Inc. (A Pfizer Company) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.12.2 Hospira Inc. (A Pfizer Company) Infusion Pumps Product Portfolio

13.12.3 Hospira Inc. (A Pfizer Company) Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.13 ICU Medical Inc.

13.13.1 ICU Medical Inc. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.13.2 ICU Medical Inc. Infusion Pumps Product Portfolio

13.13.3 ICU Medical Inc. Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.14 Medtronic PLC

13.14.1 Medtronic PLC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.14.2 Medtronic PLC Infusion Pumps Product Portfolio

13.14.3 Medtronic PLC Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.15 Micrel Medical Devices

13.15.1 Micrel Medical Devices Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.15.2 Micrel Medical Devices Infusion Pumps Product Portfolio

13.15.3 Micrel Medical Devices Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.16 Moog Inc.

13.16.1 Moog Inc. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.16.2 Moog Inc. Infusion Pumps Product Portfolio

13.16.3 Moog Inc. Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.17 Novo Nordisk

13.17.1 Novo Nordisk Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.17.2 Novo Nordisk Infusion Pumps Product Portfolio

13.17.3 Novo Nordisk Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.18 Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

13.18.1 Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.18.2 Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Infusion Pumps Product Portfolio

13.18.3 Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.19 Smiths Group PLC

13.19.1 Smiths Group PLC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.19.2 Smiths Group PLC Infusion Pumps Product Portfolio

13.19.3 Smiths Group PLC Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.20 Teleflex Incorporated

13.20.1 Teleflex Incorporated Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.20.2 Teleflex Incorporated Infusion Pumps Product Portfolio

13.20.3 Teleflex Incorporated Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.21 Terumo Europe NV

13.21.1 Terumo Europe NV Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.21.2 Terumo Europe NV Infusion Pumps Product Portfolio

13.21.3 Terumo Europe NV Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.22 Tricumed Medizintechnik GmbH

13.22.1 Tricumed Medizintechnik GmbH Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.22.2 Tricumed Medizintechnik GmbH Infusion Pumps Product Portfolio

13.22.3 Tricumed Medizintechnik GmbH Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.23 Zoll Medical

13.23.1 Zoll Medical Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.23.2 Zoll Medical Infusion Pumps Product Portfolio

13.23.3 Zoll Medical Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

13.24 Zyno Medical

13.24.1 Zyno Medical Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.24.2 Zyno Medical Infusion Pumps Product Portfolio

13.24.3 Zyno Medical Infusion Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)

14 Industry Chain Analysis

14.1 Infusion Pumps Industry Chain Analysis

14.2 Infusion Pumps Industry Upstream Supply Analysis

14.2.1 Upstream Key Raw Material Supply Analysis

14.2.2 Raw Material Suppliers and Contact Information

14.3 Infusion Pumps Typical Downstream Customers

14.4 Infusion Pumps Sales Channel Analysis

15 Research Findings and Conclusion

16 Methodology and Data Source

16.1 Methodology/Research Approach

16.2 Research Scope

16.3 Benchmarks and Assumptions

16.4 Date Source

16.4.1 Primary Sources

16.4.2 Secondary Sources

16.5 Data Cross Validation

16.6 Disclaimer

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