Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Vesicular Stomatitis (VS) Therapeutics Market by Type (Symptomatic Medications, Vaccination), By Application (Veterinary Hospitals, Veterinary Clinics, Retail Pharmacies) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Vesicular Stomatitis (VS) Therapeutics Market by Type (Symptomatic Medications, Vaccination), By Application (Veterinary Hospitals, Veterinary Clinics, Retail Pharmacies) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 168427 3300 Medical Devices & Consumables 377 247 Pages 4.7 (46)
                                          

Market Overview:


The global vesicular stomatitis (VS) therapeutics market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing incidence of VS, rising demand for effective and affordable therapeutics, and growing awareness about VS among veterinarians and pet owners. The global vesicular stomatitis (VS) therapeutics market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into symptomatic medications and vaccination. Symptomatic medications are further sub-segmented into antiviral agents, analgesics/pain relief drugs, anti-inflammatory drugs, and other symptomatic medications. Vaccination is further sub-segmented into inactivated vaccine and live attenuated vaccine. On the basis of application, the market is segmented into veterinary hospitals, veterinary clinics,,and retail pharmacies.On the basis of region,.Latin America,.Europe,.Asia Pacific.,and Middle East & Africa.


Global Vesicular Stomatitis (VS) Therapeutics Industry Outlook


Product Definition:


A virus that causes sores in the mouth, and sometimes on the hooves and teats of cattle, horses, pigs, and other animals. It can also infect people. There is no cure for vesicular stomatitis, but antiviral drugs may help lessen symptoms.


Symptomatic Medications:


Vesicular stomatitis is a rare disorder affecting the gastrointestinal tract. It is an autosomal recessive genetic disorder with an incidence of 1 per 100,000 individuals. The disease has a high prevalence in Japan (1:10,000) and India (1:20,000).


Vaccination:


Vaccination is the procedure of introducing an attenuated ( weakened) form of a disease-causing agent into the body to stimulate the immune system and create antibodies. The most common diseases for which vaccination is used are measles, polio, chickenpox, mumps, and rubella.


The VS therapeutics market has witnessed tremendous growth in recent years due to rising incidences of this life-threatening disorder.


Application Insights:


The use of vesicular stomatitis in veterinary hospitals accounted for the largest revenue share in 2017. The rising prevalence of animal diseases, coupled with a growing number of pet animals worldwide, is anticipated to contribute towards the segment growth over the forecast period.


VS can be effectively treated by medication and surgery; however, due to lack of awareness among farmers and veterinarians about VS infection transmission route and treatment method, many farmers still prefer vaccination as an alternative approach for controlling this disease. This has resulted in low usage rate of surgical procedures compared to medication for its treatment.


In terms of revenue generation capacity, veterinary clinics are expected register significant growth at a CAGR around 11% from 2018 to 2030 owing to factors such as increasing adoption rate companion animals across households globally along with high demand services offered by these clinics worldwide.


Regional Analysis:


North America dominated the global market in 2017. The presence of a large number of manufacturers and suppliers, availability of advanced products, high awareness levels coupled with relatively higher healthcare expenditure levels are some factors attributing to its largest share. In addition, increasing incidence rate is one more factor that can be attributed to its largest share. According to the North American Pet Health Insurance Association (NAPHIA), over 2 million pets were insured in U.S.


Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising disposable income leading towards an increase in pet adoption rates which will eventually drive demand for veterinary medicines and vaccines used for treating this condition thus fueling regional market growth during the forecast period.


Growth Factors:


  • Increasing incidence of VS in livestock: The global incidence of VS is increasing due to the increase in international trade and travel. The disease is now being reported from more than 60 countries.
  • Emergence of new VS viruses: In the past, only two serotypes (New Jersey and Indiana) of Vesicular Stomatitis virus (VSV) were known to cause disease in livestock but recently, a number of new serotypes have been identified including Colorado and Texas serotypes. This has increased the complexity of diagnosis and treatment.
  • Development of novel therapeutics: There is a need for better therapeutics for treating VS infections in both animals and humans. Novel therapies are currently being developed that may prove to be more effective than the current treatments available.

Scope Of The Report

Report Attributes

Report Details

Report Title

Vesicular Stomatitis (VS) Therapeutics Market Research Report

By Type

Symptomatic Medications, Vaccination

By Application

Veterinary Hospitals, Veterinary Clinics, Retail Pharmacies

By Companies

Boehringer Ingelheim, Merck & Co, Zoetis, Vedco, Elanco, Ceva Santé Animale, Vibrac, Vetoquinol, IDEXX Laboratories, Covetrus, Neogen

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

247

Number of Tables & Figures

173

Customization Available

Yes, the report can be customized as per your need.


Global Vesicular Stomatitis (VS) Therapeutics Market Report Segments:

The global Vesicular Stomatitis (VS) Therapeutics market is segmented on the basis of:

Types

Symptomatic Medications, Vaccination

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Veterinary Hospitals, Veterinary Clinics, Retail Pharmacies

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Boehringer Ingelheim
  2. Merck & Co
  3. Zoetis
  4. Vedco
  5. Elanco
  6. Ceva Santé Animale
  7. Vibrac
  8. Vetoquinol
  9. IDEXX Laboratories
  10. Covetrus
  11. Neogen

Global Vesicular Stomatitis (VS) Therapeutics Market Overview


Highlights of The Vesicular Stomatitis (VS) Therapeutics Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Symptomatic Medications
    2. Vaccination
  1. By Application:

    1. Veterinary Hospitals
    2. Veterinary Clinics
    3. Retail Pharmacies
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Vesicular Stomatitis (VS) Therapeutics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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Global Vesicular Stomatitis (VS) Therapeutics Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


VS Therapeutics is a biotechnology company focused on the development of novel therapeutics for vesicular stomatitis (VS). VS is a viral disease that causes inflammation and ulceration in the mouth. The Company's lead product candidate, VX-809, is an investigational oral treatment for VS that targets the virus' replication cycle.

Some of the major players in the vesicular stomatitis (vs) therapeutics market are Boehringer Ingelheim, Merck & Co, Zoetis, Vedco, Elanco, Ceva SantƒÂ© Animale, Vibrac, Vetoquinol, IDEXX Laboratories, Covetrus, Neogen.

The vesicular stomatitis (vs) therapeutics market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Vesicular Stomatitis (VS) Therapeutics Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Vesicular Stomatitis (VS) Therapeutics Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Vesicular Stomatitis (VS) Therapeutics Market - Supply Chain
   4.5. Global Vesicular Stomatitis (VS) Therapeutics Market Forecast
      4.5.1. Vesicular Stomatitis (VS) Therapeutics Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Vesicular Stomatitis (VS) Therapeutics Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Vesicular Stomatitis (VS) Therapeutics Market Absolute $ Opportunity

5. Global Vesicular Stomatitis (VS) Therapeutics Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Type
      5.3.1. Symptomatic Medications
      5.3.2. Vaccination
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Vesicular Stomatitis (VS) Therapeutics Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Application
      6.3.1. Veterinary Hospitals
      6.3.2. Veterinary Clinics
      6.3.3. Retail Pharmacies
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Vesicular Stomatitis (VS) Therapeutics Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Vesicular Stomatitis (VS) Therapeutics Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Vesicular Stomatitis (VS) Therapeutics Demand Share Forecast, 2019-2026

9. North America Vesicular Stomatitis (VS) Therapeutics Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Application
      9.4.1. Veterinary Hospitals
      9.4.2. Veterinary Clinics
      9.4.3. Retail Pharmacies
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Type
      9.7.1. Symptomatic Medications
      9.7.2. Vaccination
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Vesicular Stomatitis (VS) Therapeutics Demand Share Forecast, 2019-2026

10. Latin America Vesicular Stomatitis (VS) Therapeutics Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Application
      10.4.1. Veterinary Hospitals
      10.4.2. Veterinary Clinics
      10.4.3. Retail Pharmacies
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Type
      10.7.1. Symptomatic Medications
      10.7.2. Vaccination
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Vesicular Stomatitis (VS) Therapeutics Demand Share Forecast, 2019-2026

11. Europe Vesicular Stomatitis (VS) Therapeutics Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Application
      11.4.1. Veterinary Hospitals
      11.4.2. Veterinary Clinics
      11.4.3. Retail Pharmacies
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecst by Type
      11.7.1. Symptomatic Medications
      11.7.2. Vaccination
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Vesicular Stomatitis (VS) Therapeutics Demand Share, 2019-2026

12. Asia Pacific Vesicular Stomatitis (VS) Therapeutics Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Application
      12.4.1. Veterinary Hospitals
      12.4.2. Veterinary Clinics
      12.4.3. Retail Pharmacies
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Type
      12.7.1. Symptomatic Medications
      12.7.2. Vaccination
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Vesicular Stomatitis (VS) Therapeutics Demand Share, 2019-2026

13. Middle East & Africa Vesicular Stomatitis (VS) Therapeutics Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Application
      13.4.1. Veterinary Hospitals
      13.4.2. Veterinary Clinics
      13.4.3. Retail Pharmacies
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Vesicular Stomatitis (VS) Therapeutics Market Size and Volume Forecast by Type
      13.7.1. Symptomatic Medications
      13.7.2. Vaccination
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Vesicular Stomatitis (VS) Therapeutics Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Vesicular Stomatitis (VS) Therapeutics Market: Market Share Analysis
   14.2. Vesicular Stomatitis (VS) Therapeutics Distributors and Customers
   14.3. Vesicular Stomatitis (VS) Therapeutics Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Boehringer Ingelheim
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Merck & Co
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Zoetis
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Vedco
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Elanco
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Ceva Santé Animale
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Vibrac
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Vetoquinol
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. IDEXX Laboratories
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Covetrus
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Neogen
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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