+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Teprenone Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application- Product Image
Teprenone Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application- Product Image
New

Teprenone Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

  • PDF Icon

    Report

  • 78 Pages
  • March 2025
  • Region: Global
  • Prof Research
  • ID: 5907897
Description Jump to:
Teprenone, also known as geranylgeranylacetone, is a synthetic anti-ulcer agent primarily used in pharmaceuticals to treat gastric ulcers and gastritis by enhancing mucosal protection and promoting healing. Developed in Japan, it has gained traction in Asia for its gastroprotective properties, addressing a global peptic ulcer incidence of approximately 8.09 per million in 2019. Beyond pharmaceuticals, Teprenone finds application in personal care and cosmetics as an anti-aging ingredient due to its cellular protective effects. The market is characterized by its niche focus on gastrointestinal health, with limited but growing diversification into cosmetic uses.

Market Size and Growth Forecast

The Teprenone market is projected to reach USD 150 million to USD 200 million by 2025, reflecting steady demand in its core pharmaceutical segment. By 2030, it could grow to USD 200 million to USD 270 million at a CAGR of 5% to 7%. This moderate growth is fueled by increasing prevalence of digestive ailments, particularly in aging demographics, and gradual adoption in cosmetics, though its niche status limits explosive expansion compared to broader therapeutic categories.

Regional Analysis

  • North America: Expected to grow at 4% to 5%, the U.S. shows modest uptake tied to specialty pharmaceutical use. Trends focus on niche gastrointestinal treatments and emerging cosmetic applications.
  • Europe: Forecasted at 4% to 6%, Germany and France lead with steady demand for ulcer therapies. Trends emphasize pharmaceutical innovation and regulatory support for digestive health drugs.
  • Asia Pacific: Projected at 6% to 8%, Japan and China dominate due to Teprenone’s established use in ulcer treatment. Trends highlight local production by firms like Sichuan Gowell and growing cosmetic demand.
  • South America: Anticipated at 3% to 5%, Brazil emerges with gradual adoption in pharmaceuticals. Trends focus on cost-effective generics amid rising healthcare access.
  • Middle East and Africa: Expected at 3% to 4%, the UAE and South Africa show limited growth. Trends center on imported supply and addressing digestive health in urban centers.

Application Analysis

  • Pharmaceutical: Projected at 5% to 7%, this segment dominates with Teprenone’s role in ulcer and gastritis treatment. Trends emphasize its use in aging populations and combination therapies.
  • Personal Care & Cosmetics: Expected at 6% to 8%, Teprenone’s anti-aging properties drive growth. Trends focus on premium skincare products, particularly in Asia Pacific and Europe.

Key Market Players

  • Eisai: A Japanese pharmaceutical leader, Eisai pioneered Teprenone and focuses on digestive health solutions.
  • Yoshindo: A Japanese firm, Yoshindo specializes in gastrointestinal drugs, including Teprenone formulations.
  • Cambrex Corporation: A U.S. company, Cambrex supplies active pharmaceutical ingredients, including Teprenone.
  • Osaka Synthetic Chemical: A Japanese player, Osaka supports Teprenone production for regional markets.
  • Rionlon Bohua: A Chinese firm with a 30-ton capacity, Rionlon targets pharmaceutical and cosmetic uses.
  • Sichuan Gowell: A Chinese producer with a 100 kg capacity, Gowell focuses on Teprenone raw materials.

Porter’s Five Forces Analysis

  • Threat of New Entrants: Low-to-moderate, as specialized synthesis and regulatory barriers limit entry, though generic competition in Asia poses a threat.
  • Threat of Substitutes: Moderate, with alternatives like proton pump inhibitors challenging Teprenone in ulcer treatment, though its protective mechanism retains a niche.
  • Bargaining Power of Buyers: Moderate, as pharmaceutical buyers have options, but Teprenone’s specific benefits limit switching in established markets like Japan.
  • Bargaining Power of Suppliers: Low, with raw materials widely available, reducing supplier leverage over producers like Rionlon Bohua.
  • Competitive Rivalry: Moderate, driven by regional players like Eisai and Sichuan Gowell competing on quality and price, though the niche market caps intense rivalry.

Market Opportunities and Challenges

Opportunities

  • Aging Population: Rising digestive issues in older demographics, especially in Japan, boost Teprenone demand.
  • Cosmetic Expansion: Growing anti-aging trends in Asia and Europe offer diversification potential.
  • Regional Production: Firms like Sichuan Gowell enhance supply in high-demand markets like China.
  • Generic Growth: Cost-effective versions in emerging markets like South America expand access.
  • Health Awareness: Increased focus on gastrointestinal health supports Teprenone’s pharmaceutical use.

Challenges

  • Substitute Competition: Proton pump inhibitors and H2 blockers limit Teprenone’s pharmaceutical share.
  • Limited Applications: Niche focus restricts broader market penetration compared to multi-use drugs.
  • Regulatory Barriers: Stringent approvals slow cosmetic expansion in regions like North America.
  • Production Scale: Small capacities like Sichuan Gowell’s 100 kg limit global supply potential.
  • Awareness Gaps: Low recognition outside Asia hampers growth in untapped markets.

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Teprenone Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Teprenone by Region
8.2 Import of Teprenone by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Teprenone Market in North America (2020-2030)
9.1 Teprenone Market Size
9.2 Teprenone Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Teprenone Market in South America (2020-2030)
10.1 Teprenone Market Size
10.2 Teprenone Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Teprenone Market in Asia & Pacific (2020-2030)
11.1 Teprenone Market Size
11.2 Teprenone Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southeast Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Teprenone Market in Europe (2020-2030)
12.1 Teprenone Market Size
12.2 Teprenone Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Teprenone Market in MEA (2020-2030)
13.1 Teprenone Market Size
13.2 Teprenone Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Teprenone Market (2020-2025)
14.1 Teprenone Market Size
14.2 Teprenone Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Teprenone Market Forecast (2025-2030)
15.1 Teprenone Market Size Forecast
15.2 Teprenone Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
16.1 Eisai
16.1.1 Company Profile
16.1.2 Main Business and Teprenone Information
16.1.3 SWOT Analysis of Eisai
16.1.4 Eisai Teprenone Sales, Revenue, Price and Gross Margin (2020-2025)
16.2 Yoshindo
16.2.1 Company Profile
16.2.2 Main Business and Teprenone Information
16.2.3 SWOT Analysis of Yoshindo
16.2.4 Yoshindo Teprenone Sales, Revenue, Price and Gross Margin (2020-2025)
16.3 Cambrex Corporation
16.3.1 Company Profile
16.3.2 Main Business and Teprenone Information
16.3.3 SWOT Analysis of Cambrex Corporation
16.3.4 Cambrex Corporation Teprenone Sales, Revenue, Price and Gross Margin (2020-2025)
16.4 Osaka Synthetic Chemical
16.4.1 Company Profile
16.4.2 Main Business and Teprenone Information
16.4.3 SWOT Analysis of Osaka Synthetic Chemical
16.4.4 Osaka Synthetic Chemical Teprenone Sales, Revenue, Price and Gross Margin (2020-2025)
16.5 Rionlon Bohua
16.5.1 Company Profile
16.5.2 Main Business and Teprenone Information
16.5.3 SWOT Analysis of Rionlon Bohua
16.5.4 Rionlon Bohua Teprenone Sales, Revenue, Price and Gross Margin (2020-2025)
16.6 Sichuan Gowell
16.6.1 Company Profile
16.6.2 Main Business and Teprenone Information
16.6.3 SWOT Analysis of Sichuan Gowell
16.6.4 Sichuan Gowell Teprenone Sales, Revenue, Price and Gross Margin (2020-2025)
List of Tables and Figures
Table Abbreviation and Acronyms List
Table Research Scope of Teprenone Report
Table Data Sources of Teprenone Report
Table Major Assumptions of Teprenone Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Teprenone Picture
Table Teprenone Classification
Table Teprenone Applications List
Table Drivers of Teprenone Market
Table Restraints of Teprenone Market
Table Opportunities of Teprenone Market
Table Threats of Teprenone Market
Table Raw Materials Suppliers List
Table Different Production Methods of Teprenone
Table Cost Structure Analysis of Teprenone
Table Key End Users List
Table Latest News of Teprenone Market
Table Merger and Acquisition List
Table Planned/Future Project of Teprenone Market
Table Policy of Teprenone Market
Table 2020-2030 Regional Export of Teprenone
Table 2020-2030 Regional Import of Teprenone
Table 2020-2030 Regional Trade Balance
Figure 2020-2030 Regional Trade Balance
Table 2020-2030 North America Teprenone Market Size and Market Volume List
Figure 2020-2030 North America Teprenone Market Size and CAGR
Figure 2020-2030 North America Teprenone Market Volume and CAGR
Table 2020-2030 North America Teprenone Demand List by Application
Table 2020-2025 North America Teprenone Key Players Sales List
Table 2020-2025 North America Teprenone Key Players Market Share List
Table 2020-2030 North America Teprenone Demand List by Type
Table 2020-2025 North America Teprenone Price List by Type
Table 2020-2030 United States Teprenone Market Size and Market Volume List
Table 2020-2030 United States Teprenone Import & Export List
Table 2020-2030 Canada Teprenone Market Size and Market Volume List
Table 2020-2030 Canada Teprenone Import & Export List
Table 2020-2030 Mexico Teprenone Market Size and Market Volume List
Table 2020-2030 Mexico Teprenone Import & Export List
Table 2020-2030 South America Teprenone Market Size and Market Volume List
Figure 2020-2030 South America Teprenone Market Size and CAGR
Figure 2020-2030 South America Teprenone Market Volume and CAGR
Table 2020-2030 South America Teprenone Demand List by Application
Table 2020-2025 South America Teprenone Key Players Sales List
Table 2020-2025 South America Teprenone Key Players Market Share List
Table 2020-2030 South America Teprenone Demand List by Type
Table 2020-2025 South America Teprenone Price List by Type
Table 2020-2030 Brazil Teprenone Market Size and Market Volume List
Table 2020-2030 Brazil Teprenone Import & Export List
Table 2020-2030 Argentina Teprenone Market Size and Market Volume List
Table 2020-2030 Argentina Teprenone Import & Export List
Table 2020-2030 Chile Teprenone Market Size and Market Volume List
Table 2020-2030 Chile Teprenone Import & Export List
Table 2020-2030 Peru Teprenone Market Size and Market Volume List
Table 2020-2030 Peru Teprenone Import & Export List
Table 2020-2030 Asia & Pacific Teprenone Market Size and Market Volume List
Figure 2020-2030 Asia & Pacific Teprenone Market Size and CAGR
Figure 2020-2030 Asia & Pacific Teprenone Market Volume and CAGR
Table 2020-2030 Asia & Pacific Teprenone Demand List by Application
Table 2020-2025 Asia & Pacific Teprenone Key Players Sales List
Table 2020-2025 Asia & Pacific Teprenone Key Players Market Share List
Table 2020-2030 Asia & Pacific Teprenone Demand List by Type
Table 2020-2025 Asia & Pacific Teprenone Price List by Type
Table 2020-2030 China Teprenone Market Size and Market Volume List
Table 2020-2030 China Teprenone Import & Export List
Table 2020-2030 India Teprenone Market Size and Market Volume List
Table 2020-2030 India Teprenone Import & Export List
Table 2020-2030 Japan Teprenone Market Size and Market Volume List
Table 2020-2030 Japan Teprenone Import & Export List
Table 2020-2030 South Korea Teprenone Market Size and Market Volume List
Table 2020-2030 South Korea Teprenone Import & Export List
Table 2020-2030 Southeast Asia Teprenone Market Size List
Table 2020-2030 Southeast Asia Teprenone Market Volume List
Table 2020-2030 Southeast Asia Teprenone Import List
Table 2020-2030 Southeast Asia Teprenone Export List
Table 2020-2030 Australia Teprenone Market Size and Market Volume List
Table 2020-2030 Australia Teprenone Import & Export List
Table 2020-2030 Europe Teprenone Market Size and Market Volume List
Figure 2020-2030 Europe Teprenone Market Size and CAGR
Figure 2020-2030 Europe Teprenone Market Volume and CAGR
Table 2020-2030 Europe Teprenone Demand List by Application
Table 2020-2025 Europe Teprenone Key Players Sales List
Table 2020-2025 Europe Teprenone Key Players Market Share List
Table 2020-2030 Europe Teprenone Demand List by Type
Table 2020-2025 Europe Teprenone Price List by Type
Table 2020-2030 Germany Teprenone Market Size and Market Volume List
Table 2020-2030 Germany Teprenone Import & Export List
Table 2020-2030 France Teprenone Market Size and Market Volume List
Table 2020-2030 France Teprenone Import & Export List
Table 2020-2030 United Kingdom Teprenone Market Size and Market Volume List
Table 2020-2030 United Kingdom Teprenone Import & Export List
Table 2020-2030 Italy Teprenone Market Size and Market Volume List
Table 2020-2030 Italy Teprenone Import & Export List
Table 2020-2030 Spain Teprenone Market Size and Market Volume List
Table 2020-2030 Spain Teprenone Import & Export List
Table 2020-2030 Belgium Teprenone Market Size and Market Volume List
Table 2020-2030 Belgium Teprenone Import & Export List
Table 2020-2030 Netherlands Teprenone Market Size and Market Volume List
Table 2020-2030 Netherlands Teprenone Import & Export List
Table 2020-2030 Austria Teprenone Market Size and Market Volume List
Table 2020-2030 Austria Teprenone Import & Export List
Table 2020-2030 Poland Teprenone Market Size and Market Volume List
Table 2020-2030 Poland Teprenone Import & Export List
Table 2020-2030 Russia Teprenone Market Size and Market Volume List
Table 2020-2030 Russia Teprenone Import & Export List
Table 2020-2030 MEA Teprenone Market Size and Market Volume List
Figure 2020-2030 MEA Teprenone Market Size and CAGR
Figure 2020-2030 MEA Teprenone Market Volume and CAGR
Table 2020-2030 MEA Teprenone Demand List by Application
Table 2020-2025 MEA Teprenone Key Players Sales List
Table 2020-2025 MEA Teprenone Key Players Market Share List
Table 2020-2030 MEA Teprenone Demand List by Type
Table 2020-2025 MEA Teprenone Price List by Type
Table 2020-2030 Egypt Teprenone Market Size and Market Volume List
Table 2020-2030 Egypt Teprenone Import & Export List
Table 2020-2030 Israel Teprenone Market Size and Market Volume List
Table 2020-2030 Israel Teprenone Import & Export List
Table 2020-2030 South Africa Teprenone Market Size and Market Volume List
Table 2020-2030 South Africa Teprenone Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Teprenone Market Size and Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Teprenone Import & Export List
Table 2020-2030 Turkey Teprenone Market Size and Market Volume List
Table 2020-2030 Turkey Teprenone Import & Export List
Table 2020-2025 Global Teprenone Market Size List by Region
Table 2020-2025 Global Teprenone Market Size Share List by Region
Table 2020-2025 Global Teprenone Market Volume List by Region
Table 2020-2025 Global Teprenone Market Volume Share List by Region
Table 2020-2025 Global Teprenone Demand List by Application
Table 2020-2025 Global Teprenone Demand Market Share List by Application
Table 2020-2025 Global Teprenone Capacity List
Table 2020-2025 Global Teprenone Key Vendors Capacity Share List
Table 2020-2025 Global Teprenone Key Vendors Production List
Table 2020-2025 Global Teprenone Key Vendors Production Share List
Figure 2020-2025 Global Teprenone Capacity Production and Growth Rate
Table 2020-2025 Global Teprenone Key Vendors Production Value List
Figure 2020-2025 Global Teprenone Production Value and Growth Rate
Table 2020-2025 Global Teprenone Key Vendors Production Value Share List
Table 2020-2025 Global Teprenone Demand List by Type
Table 2020-2025 Global Teprenone Demand Market Share List by Type
Table 2020-2025 Regional Teprenone Price List
Table 2025-2030 Global Teprenone Market Size List by Region
Table 2025-2030 Global Teprenone Market Size Share List by Region
Table 2025-2030 Global Teprenone Market Volume List by Region
Table 2025-2030 Global Teprenone Market Volume Share List by Region
Table 2025-2030 Global Teprenone Demand List by Application
Table 2025-2030 Global Teprenone Demand Market Share List by Application
Table 2025-2030 Global Teprenone Capacity List
Table 2025-2030 Global Teprenone Key Vendors Capacity Share List
Table 2025-2030 Global Teprenone Key Vendors Production List
Table 2025-2030 Global Teprenone Key Vendors Production Share List
Figure 2025-2030 Global Teprenone Capacity Production and Growth Rate
Table 2025-2030 Global Teprenone Key Vendors Production Value List
Figure 2025-2030 Global Teprenone Production Value and Growth Rate
Table 2025-2030 Global Teprenone Key Vendors Production Value Share List
Table 2025-2030 Global Teprenone Demand List by Type
Table 2025-2030 Global Teprenone Demand Market Share List by Type
Table 2025-2030 Teprenone Regional Price List
Table Eisai Information
Table SWOT Analysis of Eisai
Table 2020-2025 Eisai Teprenone Product Capacity Production Price Cost Production Value
Figure 2020-2025 Eisai Teprenone Capacity Production and Growth Rate
Figure 2020-2025 Eisai Teprenone Market Share
Table Yoshindo Information
Table SWOT Analysis of Yoshindo
Table 2020-2025 Yoshindo Teprenone Product Capacity Production Price Cost Production Value
Figure 2020-2025 Yoshindo Teprenone Capacity Production and Growth Rate
Figure 2020-2025 Yoshindo Teprenone Market Share
Table Cambrex Corporation Information
Table SWOT Analysis of Cambrex Corporation
Table 2020-2025 Cambrex Corporation Teprenone Product Capacity Production Price Cost Production Value
Figure 2020-2025 Cambrex Corporation Teprenone Capacity Production and Growth Rate
Figure 2020-2025 Cambrex Corporation Teprenone Market Share
Table Osaka Synthetic Chemical Information
Table SWOT Analysis of Osaka Synthetic Chemical
Table 2020-2025 Osaka Synthetic Chemical Teprenone Product Capacity Production Price Cost Production Value
Figure 2020-2025 Osaka Synthetic Chemical Teprenone Capacity Production and Growth Rate
Figure 2020-2025 Osaka Synthetic Chemical Teprenone Market Share
Table Rionlon Bohua Information
Table SWOT Analysis of Rionlon Bohua
Table 2020-2025 Rionlon Bohua Teprenone Product Capacity Production Price Cost Production Value
Figure 2020-2025 Rionlon Bohua Teprenone Capacity Production and Growth Rate
Figure 2020-2025 Rionlon Bohua Teprenone Market Share
Table Sichuan Gowell Information
Table SWOT Analysis of Sichuan Gowell
Table 2020-2025 Sichuan Gowell Teprenone Product Capacity Production Price Cost Production Value
Figure 2020-2025 Sichuan Gowell Teprenone Capacity Production and Growth Rate
Figure 2020-2025 Sichuan Gowell Teprenone Market Share

Companies Mentioned

  • Eisai
  • Yoshindo
  • Cambrex Corporation
  • Osaka Synthetic Chemical
  • Rionlon Bohua
  • Sichuan Gowell

Related Topics

Related Reports

Beraprost Global Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application, Product Type - Product Image

Beraprost Global Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application, Product Type

  • Report
  • 100 Pages
  • Global
From
Cyclohexyl Acrylate Global Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application - Product Image

Cyclohexyl Acrylate Global Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application

  • Report
  • 75 Pages
  • Global
From
Bromine Market by Derivative (Organobromine, Clear Brine Fluids and Hydrogen Bromide), Application (Flame Retardants, PTA Synthesis, Water Treatment & Biocides, HBR Flow Batteries), End-user & Region - Forecast to 2029 - Product Image

Bromine Market by Derivative (Organobromine, Clear Brine Fluids and Hydrogen Bromide), Application (Flame Retardants, PTA Synthesis, Water Treatment & Biocides, HBR Flow Batteries), End-user & Region - Forecast to 2029

  • Report
  • 336 Pages
  • Global
From
Lignin Market: Analysis by Type, Form, Applications, Region Size, Trends and Forecast up to 2029 - Product Image

Lignin Market: Analysis by Type, Form, Applications, Region Size, Trends and Forecast up to 2029

  • Report
  • 153 Pages
  • Global
From
CIP Chemicals Market by Chemistry, Process Type (Single-Use Cleaning and Recirculated Cleaning), End-Use Industry (Chemicals, Food & Beverage, Pharmaceutical & Biotechnology, Cosmetics, Textiles), and Region - Global Forecast to 2029 - Product Image

CIP Chemicals Market by Chemistry, Process Type (Single-Use Cleaning and Recirculated Cleaning), End-Use Industry (Chemicals, Food & Beverage, Pharmaceutical & Biotechnology, Cosmetics, Textiles), and Region - Global Forecast to 2029

  • Report
  • 228 Pages
  • Global
From
Copyright © 2002-2025 Research and Markets. All Rights Reserved.