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Global Inhalation Pulmonary Drug Delivery Devices Industry Growth and Trends Forecast to 2031

Publisher APO Research, Inc.
Published Jul 07, 2025
Length 118 Pages
SKU # APRC20340300

Description

Summary

According to APO Research, The global Inhalation Pulmonary Drug Delivery Devices market was estimated at US$ million in 2025 and is projected to reach a revised size of US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2026-2031.

North American market for Inhalation Pulmonary Drug Delivery Devices is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Inhalation Pulmonary Drug Delivery Devices is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Europe market for Inhalation Pulmonary Drug Delivery Devices is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

The major global manufacturers of Inhalation Pulmonary Drug Delivery Devices include AptarGroup, Boehringer Ingelheim, Chiesi Farmaceutici, H&T Presspart, Koninklijke Philips, Monaghan Medical, OMRON, PARI International and Vectura, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Inhalation Pulmonary Drug Delivery Devices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Inhalation Pulmonary Drug Delivery Devices.

The Inhalation Pulmonary Drug Delivery Devices market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Inhalation Pulmonary Drug Delivery Devices market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Inhalation Pulmonary Drug Delivery Devices Segment by Company

AptarGroup
Boehringer Ingelheim
Chiesi Farmaceutici
H&T Presspart
Koninklijke Philips
Monaghan Medical
OMRON
PARI International
Vectura
AstraZeneca
GlaxoSmithKline (GSK)
Viatris
Merck
Novartis
Teva Pharmaceutical Industries
Inhalation Pulmonary Drug Delivery Devices Segment by Type

Nebulizers
Dry-powder Inhalers
Metered- dose Inhalers
Inhalation Pulmonary Drug Delivery Devices Segment by Application

Chronic Obstructive Pulmonary Disease (COPD)
Cystic Fibrosis (CF)
Idiopathic Pulmonary Fibrosis (IPF)
Asthma
Others
Inhalation Pulmonary Drug Delivery Devices Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Inhalation Pulmonary Drug Delivery Devices market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Inhalation Pulmonary Drug Delivery Devices and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Inhalation Pulmonary Drug Delivery Devices.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Inhalation Pulmonary Drug Delivery Devices manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Inhalation Pulmonary Drug Delivery Devices in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.

Table of Contents

118 Pages
1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Inhalation Pulmonary Drug Delivery Devices Market Size Estimates and Forecasts (2020-2031)
1.2.2 Global Inhalation Pulmonary Drug Delivery Devices Sales Estimates and Forecasts (2020-2031)
1.3 Inhalation Pulmonary Drug Delivery Devices Market by Type
1.3.1 Nebulizers
1.3.2 Dry-powder Inhalers
1.3.3 Metered- dose Inhalers
1.4 Global Inhalation Pulmonary Drug Delivery Devices Market Size by Type
1.4.1 Global Inhalation Pulmonary Drug Delivery Devices Market Size Overview by Type (2020-2031)
1.4.2 Global Inhalation Pulmonary Drug Delivery Devices Historic Market Size Review by Type (2020-2025)
1.4.3 Global Inhalation Pulmonary Drug Delivery Devices Forecasted Market Size by Type (2026-2031)
1.5 Key Regions Market Size by Type
1.5.1 North America Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Type (2020-2025)
1.5.2 Europe Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Type (2020-2025)
1.5.3 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Type (2020-2025)
1.5.4 South America Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Type (2020-2025)
1.5.5 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Type (2020-2025)
2 Global Market Dynamics
2.1 Inhalation Pulmonary Drug Delivery Devices Industry Trends
2.2 Inhalation Pulmonary Drug Delivery Devices Industry Drivers
2.3 Inhalation Pulmonary Drug Delivery Devices Industry Opportunities and Challenges
2.4 Inhalation Pulmonary Drug Delivery Devices Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Inhalation Pulmonary Drug Delivery Devices Revenue (2020-2025)
3.2 Global Top Players by Inhalation Pulmonary Drug Delivery Devices Sales (2020-2025)
3.3 Global Top Players by Inhalation Pulmonary Drug Delivery Devices Price (2020-2025)
3.4 Global Inhalation Pulmonary Drug Delivery Devices Industry Company Ranking, 2023 VS 2024 VS 2025
3.5 Global Inhalation Pulmonary Drug Delivery Devices Major Company Production Sites & Headquarters
3.6 Global Inhalation Pulmonary Drug Delivery Devices Company, Product Type & Application
3.7 Global Inhalation Pulmonary Drug Delivery Devices Company Establishment Date
3.8 Market Competitive Analysis
3.8.1 Global Inhalation Pulmonary Drug Delivery Devices Market CR5 and HHI
3.8.2 Global Top 5 and 10 Inhalation Pulmonary Drug Delivery Devices Players Market Share by Revenue in 2024
3.8.3 2023 Inhalation Pulmonary Drug Delivery Devices Tier 1, Tier 2, and Tier 3
4 Inhalation Pulmonary Drug Delivery Devices Regional Status and Outlook
4.1 Global Inhalation Pulmonary Drug Delivery Devices Market Size and CAGR by Region: 2020 VS 2024 VS 2031
4.2 Global Inhalation Pulmonary Drug Delivery Devices Historic Market Size by Region
4.2.1 Global Inhalation Pulmonary Drug Delivery Devices Sales in Volume by Region (2020-2025)
4.2.2 Global Inhalation Pulmonary Drug Delivery Devices Sales in Value by Region (2020-2025)
4.2.3 Global Inhalation Pulmonary Drug Delivery Devices Sales (Volume & Value), Price and Gross Margin (2020-2025)
4.3 Global Inhalation Pulmonary Drug Delivery Devices Forecasted Market Size by Region
4.3.1 Global Inhalation Pulmonary Drug Delivery Devices Sales in Volume by Region (2026-2031)
4.3.2 Global Inhalation Pulmonary Drug Delivery Devices Sales in Value by Region (2026-2031)
4.3.3 Global Inhalation Pulmonary Drug Delivery Devices Sales (Volume & Value), Price and Gross Margin (2026-2031)
5 Inhalation Pulmonary Drug Delivery Devices by Application
5.1 Inhalation Pulmonary Drug Delivery Devices Market by Application
5.1.1 Chronic Obstructive Pulmonary Disease (COPD)
5.1.2 Cystic Fibrosis (CF)
5.1.3 Idiopathic Pulmonary Fibrosis (IPF)
5.1.4 Asthma
5.1.5 Others
5.2 Global Inhalation Pulmonary Drug Delivery Devices Market Size by Application
5.2.1 Global Inhalation Pulmonary Drug Delivery Devices Market Size Overview by Application (2020-2031)
5.2.2 Global Inhalation Pulmonary Drug Delivery Devices Historic Market Size Review by Application (2020-2025)
5.2.3 Global Inhalation Pulmonary Drug Delivery Devices Forecasted Market Size by Application (2026-2031)
5.3 Key Regions Market Size by Application
5.3.1 North America Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Application (2020-2025)
5.3.2 Europe Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Application (2020-2025)
5.3.3 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Application (2020-2025)
5.3.4 South America Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Application (2020-2025)
5.3.5 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Sales Breakdown by Application (2020-2025)
6 Company Profiles
6.1 AptarGroup
6.1.1 AptarGroup Comapny Information
6.1.2 AptarGroup Business Overview
6.1.3 AptarGroup Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.1.4 AptarGroup Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.1.5 AptarGroup Recent Developments
6.2 Boehringer Ingelheim
6.2.1 Boehringer Ingelheim Comapny Information
6.2.2 Boehringer Ingelheim Business Overview
6.2.3 Boehringer Ingelheim Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Boehringer Ingelheim Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.2.5 Boehringer Ingelheim Recent Developments
6.3 Chiesi Farmaceutici
6.3.1 Chiesi Farmaceutici Comapny Information
6.3.2 Chiesi Farmaceutici Business Overview
6.3.3 Chiesi Farmaceutici Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.3.4 Chiesi Farmaceutici Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.3.5 Chiesi Farmaceutici Recent Developments
6.4 H&T Presspart
6.4.1 H&T Presspart Comapny Information
6.4.2 H&T Presspart Business Overview
6.4.3 H&T Presspart Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.4.4 H&T Presspart Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.4.5 H&T Presspart Recent Developments
6.5 Koninklijke Philips
6.5.1 Koninklijke Philips Comapny Information
6.5.2 Koninklijke Philips Business Overview
6.5.3 Koninklijke Philips Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Koninklijke Philips Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.5.5 Koninklijke Philips Recent Developments
6.6 Monaghan Medical
6.6.1 Monaghan Medical Comapny Information
6.6.2 Monaghan Medical Business Overview
6.6.3 Monaghan Medical Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.6.4 Monaghan Medical Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.6.5 Monaghan Medical Recent Developments
6.7 OMRON
6.7.1 OMRON Comapny Information
6.7.2 OMRON Business Overview
6.7.3 OMRON Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.7.4 OMRON Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.7.5 OMRON Recent Developments
6.8 PARI International
6.8.1 PARI International Comapny Information
6.8.2 PARI International Business Overview
6.8.3 PARI International Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.8.4 PARI International Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.8.5 PARI International Recent Developments
6.9 Vectura
6.9.1 Vectura Comapny Information
6.9.2 Vectura Business Overview
6.9.3 Vectura Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.9.4 Vectura Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.9.5 Vectura Recent Developments
6.10 AstraZeneca
6.10.1 AstraZeneca Comapny Information
6.10.2 AstraZeneca Business Overview
6.10.3 AstraZeneca Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.10.4 AstraZeneca Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.10.5 AstraZeneca Recent Developments
6.11 GlaxoSmithKline (GSK)
6.11.1 GlaxoSmithKline (GSK) Comapny Information
6.11.2 GlaxoSmithKline (GSK) Business Overview
6.11.3 GlaxoSmithKline (GSK) Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.11.4 GlaxoSmithKline (GSK) Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.11.5 GlaxoSmithKline (GSK) Recent Developments
6.12 Viatris
6.12.1 Viatris Comapny Information
6.12.2 Viatris Business Overview
6.12.3 Viatris Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.12.4 Viatris Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.12.5 Viatris Recent Developments
6.13 Merck
6.13.1 Merck Comapny Information
6.13.2 Merck Business Overview
6.13.3 Merck Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.13.4 Merck Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.13.5 Merck Recent Developments
6.14 Novartis
6.14.1 Novartis Comapny Information
6.14.2 Novartis Business Overview
6.14.3 Novartis Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.14.4 Novartis Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.14.5 Novartis Recent Developments
6.15 Teva Pharmaceutical Industries
6.15.1 Teva Pharmaceutical Industries Comapny Information
6.15.2 Teva Pharmaceutical Industries Business Overview
6.15.3 Teva Pharmaceutical Industries Inhalation Pulmonary Drug Delivery Devices Sales, Revenue and Gross Margin (2020-2025)
6.15.4 Teva Pharmaceutical Industries Inhalation Pulmonary Drug Delivery Devices Product Portfolio
6.15.5 Teva Pharmaceutical Industries Recent Developments
7 North America by Country
7.1 North America Inhalation Pulmonary Drug Delivery Devices Sales by Country
7.1.1 North America Inhalation Pulmonary Drug Delivery Devices Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.1.2 North America Inhalation Pulmonary Drug Delivery Devices Sales by Country (2020-2025)
7.1.3 North America Inhalation Pulmonary Drug Delivery Devices Sales Forecast by Country (2026-2031)
7.2 North America Inhalation Pulmonary Drug Delivery Devices Market Size by Country
7.2.1 North America Inhalation Pulmonary Drug Delivery Devices Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.2.2 North America Inhalation Pulmonary Drug Delivery Devices Market Size by Country (2020-2025)
7.2.3 North America Inhalation Pulmonary Drug Delivery Devices Market Size Forecast by Country (2026-2031)
8 Europe by Country
8.1 Europe Inhalation Pulmonary Drug Delivery Devices Sales by Country
8.1.1 Europe Inhalation Pulmonary Drug Delivery Devices Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.1.2 Europe Inhalation Pulmonary Drug Delivery Devices Sales by Country (2020-2025)
8.1.3 Europe Inhalation Pulmonary Drug Delivery Devices Sales Forecast by Country (2026-2031)
8.2 Europe Inhalation Pulmonary Drug Delivery Devices Market Size by Country
8.2.1 Europe Inhalation Pulmonary Drug Delivery Devices Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.2.2 Europe Inhalation Pulmonary Drug Delivery Devices Market Size by Country (2020-2025)
8.2.3 Europe Inhalation Pulmonary Drug Delivery Devices Market Size Forecast by Country (2026-2031)
9 Asia-Pacific by Country
9.1 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Sales by Country
9.1.1 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.1.2 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Sales by Country (2020-2025)
9.1.3 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Sales Forecast by Country (2026-2031)
9.2 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Market Size by Country
9.2.1 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.2.2 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Market Size by Country (2020-2025)
9.2.3 Asia-Pacific Inhalation Pulmonary Drug Delivery Devices Market Size Forecast by Country (2026-2031)
10 South America by Country
10.1 South America Inhalation Pulmonary Drug Delivery Devices Sales by Country
10.1.1 South America Inhalation Pulmonary Drug Delivery Devices Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.1.2 South America Inhalation Pulmonary Drug Delivery Devices Sales by Country (2020-2025)
10.1.3 South America Inhalation Pulmonary Drug Delivery Devices Sales Forecast by Country (2026-2031)
10.2 South America Inhalation Pulmonary Drug Delivery Devices Market Size by Country
10.2.1 South America Inhalation Pulmonary Drug Delivery Devices Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.2.2 South America Inhalation Pulmonary Drug Delivery Devices Market Size by Country (2020-2025)
10.2.3 South America Inhalation Pulmonary Drug Delivery Devices Market Size Forecast by Country (2026-2031)
11 Middle East and Africa by Country
11.1 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Sales by Country
11.1.1 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.1.2 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Sales by Country (2020-2025)
11.1.3 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Sales Forecast by Country (2026-2031)
11.2 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Market Size by Country
11.2.1 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.2.2 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Market Size by Country (2020-2025)
11.2.3 Middle East and Africa Inhalation Pulmonary Drug Delivery Devices Market Size Forecast by Country (2026-2031)
12 Value Chain and Sales Channels Analysis
12.1 Inhalation Pulmonary Drug Delivery Devices Value Chain Analysis
12.1.1 Inhalation Pulmonary Drug Delivery Devices Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Inhalation Pulmonary Drug Delivery Devices Production Mode & Process
12.2 Inhalation Pulmonary Drug Delivery Devices Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Inhalation Pulmonary Drug Delivery Devices Distributors
12.2.3 Inhalation Pulmonary Drug Delivery Devices Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer
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