Monitoring blood glucose is an important diabetes management step. Blood glucose tracking systems are primarily used to monitor a patient's blood glucose level. Self-monitoring blood glucose (SMBG) devices are easy-to-use and allow users to monitor their blood glucose level regardless of location. Includes test sticks, lancets and blood glucose metres to track blood glucose levels.
MARKET DYNAMICS
The incidences of diabetes among ageing population globally, growing demand for glycemic regulation and raising need to avoid hypoglycemia are pushing demand on the global SMBG market. Self-monitoring blood glucose procedure helps enhance hypoglycemia identification and encourages patients to permit adverse effects of pharmaceutical action. Rising demand for constant blood sugar regulation, and rising need to regulate blood glucose levels to remain stable and fit, also fuel the global SMBG industry.
MARKET SCOPE
The "Self-Monitoring of Blood Glucose Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Self-Monitoring of Blood Glucose market with detailed market segmentation by product type, and application. The Self-Monitoring of Blood Glucose market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Self-Monitoring of Blood Glucose market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Self-Monitoring of Blood Glucose market is segmented on the basis of product type, and end use. Based on type, the market is segmented as Self-monitoring Blood Glucose Meters, Continuous Glucose Monitors, Testing Strips, Lancets. On the basis of application, the market is categorized as Hospitals, Home Settings, Diagnostic Centers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Self-Monitoring of Blood Glucose market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Self-Monitoring of Blood Glucose market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Self-Monitoring of Blood Glucose market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Self-Monitoring of Blood Glucose market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Self-Monitoring of Blood Glucose market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Self-Monitoring of Blood Glucose market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Self-Monitoring of Blood Glucose market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Self-Monitoring of Blood Glucose market in these regions.
MARKET PLAYERS
The report covers key developments in the Self-Monitoring of Blood Glucose market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Self-Monitoring of Blood Glucose market are anticipated to have lucrative growth opportunities in the future with the rising demand for Self-Monitoring of Blood Glucose in the global market. Below mentioned is the list of few companies engaged in the Self-Monitoring of Blood Glucose market.
The report also includes the profiles of key players in Self-Monitoring of Blood Glucose market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Lifescan
- Ascensia
- Arkray
- Abbott
- F. Hoffmann-La Roche AG
- Dexcom
- Johnson and Johnson
- Medtronic
- Ascensia Diabetes Care Holdings AG
- B. Barun Melsungen AG
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Self-Monitoring Of Blood Glucose Market - By Product Type
1.3.2 Self-Monitoring Of Blood Glucose Market - By End Use
1.3.3 Self-Monitoring Of Blood Glucose Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SELF-MONITORING OF BLOOD GLUCOSE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SELF-MONITORING OF BLOOD GLUCOSE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SELF-MONITORING OF BLOOD GLUCOSE MARKET - GLOBAL MARKET ANALYSIS
6.1. SELF-MONITORING OF BLOOD GLUCOSE - GLOBAL MARKET OVERVIEW
6.2. SELF-MONITORING OF BLOOD GLUCOSE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SELF-MONITORING OF BLOOD GLUCOSE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SELF-MONITORING BLOOD GLUCOSE METERS
7.3.1. Overview
7.3.2. Self-monitoring Blood Glucose Meters Market Forecast and Analysis
7.4. CONTINUOUS GLUCOSE MONITORS
7.4.1. Overview
7.4.2. Continuous Glucose Monitors Market Forecast and Analysis
7.5. TESTING STRIPS
7.5.1. Overview
7.5.2. Testing Strips Market Forecast and Analysis
7.6. LANCETS
7.6.1. Overview
7.6.2. Lancets Market Forecast and Analysis
8. SELF-MONITORING OF BLOOD GLUCOSE MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. HOME SETTINGS
8.4.1. Overview
8.4.2. Home Settings Market Forecast and Analysis
8.5. DIAGNOSTIC CENTERS
8.5.1. Overview
8.5.2. Diagnostic Centers Market Forecast and Analysis
9. SELF-MONITORING OF BLOOD GLUCOSE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Self-Monitoring Of Blood Glucose Market Overview
9.1.2 North America Self-Monitoring Of Blood Glucose Market Forecasts and Analysis
9.1.3 North America Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Product Type
9.1.4 North America Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By End Use
9.1.5 North America Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Countries
9.1.5.1 United States Self-Monitoring Of Blood Glucose Market
9.1.5.1.1 United States Self-Monitoring Of Blood Glucose Market by Product Type
9.1.5.1.2 United States Self-Monitoring Of Blood Glucose Market by End Use
9.1.5.2 Canada Self-Monitoring Of Blood Glucose Market
9.1.5.2.1 Canada Self-Monitoring Of Blood Glucose Market by Product Type
9.1.5.2.2 Canada Self-Monitoring Of Blood Glucose Market by End Use
9.1.5.3 Mexico Self-Monitoring Of Blood Glucose Market
9.1.5.3.1 Mexico Self-Monitoring Of Blood Glucose Market by Product Type
9.1.5.3.2 Mexico Self-Monitoring Of Blood Glucose Market by End Use
9.2. EUROPE
9.2.1 Europe Self-Monitoring Of Blood Glucose Market Overview
9.2.2 Europe Self-Monitoring Of Blood Glucose Market Forecasts and Analysis
9.2.3 Europe Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Product Type
9.2.4 Europe Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By End Use
9.2.5 Europe Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Self-Monitoring Of Blood Glucose Market
9.2.5.1.1 Germany Self-Monitoring Of Blood Glucose Market by Product Type
9.2.5.1.2 Germany Self-Monitoring Of Blood Glucose Market by End Use
9.2.5.2 France Self-Monitoring Of Blood Glucose Market
9.2.5.2.1 France Self-Monitoring Of Blood Glucose Market by Product Type
9.2.5.2.2 France Self-Monitoring Of Blood Glucose Market by End Use
9.2.5.3 Italy Self-Monitoring Of Blood Glucose Market
9.2.5.3.1 Italy Self-Monitoring Of Blood Glucose Market by Product Type
9.2.5.3.2 Italy Self-Monitoring Of Blood Glucose Market by End Use
9.2.5.4 Spain Self-Monitoring Of Blood Glucose Market
9.2.5.4.1 Spain Self-Monitoring Of Blood Glucose Market by Product Type
9.2.5.4.2 Spain Self-Monitoring Of Blood Glucose Market by End Use
9.2.5.5 United Kingdom Self-Monitoring Of Blood Glucose Market
9.2.5.5.1 United Kingdom Self-Monitoring Of Blood Glucose Market by Product Type
9.2.5.5.2 United Kingdom Self-Monitoring Of Blood Glucose Market by End Use
9.2.5.6 Russia Self-Monitoring Of Blood Glucose Market
9.2.5.6.1 Russia Self-Monitoring Of Blood Glucose Market by Product Type
9.2.5.6.2 Russia Self-Monitoring Of Blood Glucose Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Self-Monitoring Of Blood Glucose Market Overview
9.3.2 Asia-Pacific Self-Monitoring Of Blood Glucose Market Forecasts and Analysis
9.3.3 Asia-Pacific Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Self-Monitoring Of Blood Glucose Market
9.3.5.1.1 Australia Self-Monitoring Of Blood Glucose Market by Product Type
9.3.5.1.2 Australia Self-Monitoring Of Blood Glucose Market by End Use
9.3.5.2 China Self-Monitoring Of Blood Glucose Market
9.3.5.2.1 China Self-Monitoring Of Blood Glucose Market by Product Type
9.3.5.2.2 China Self-Monitoring Of Blood Glucose Market by End Use
9.3.5.3 India Self-Monitoring Of Blood Glucose Market
9.3.5.3.1 India Self-Monitoring Of Blood Glucose Market by Product Type
9.3.5.3.2 India Self-Monitoring Of Blood Glucose Market by End Use
9.3.5.4 Japan Self-Monitoring Of Blood Glucose Market
9.3.5.4.1 Japan Self-Monitoring Of Blood Glucose Market by Product Type
9.3.5.4.2 Japan Self-Monitoring Of Blood Glucose Market by End Use
9.3.5.5 South Korea Self-Monitoring Of Blood Glucose Market
9.3.5.5.1 South Korea Self-Monitoring Of Blood Glucose Market by Product Type
9.3.5.5.2 South Korea Self-Monitoring Of Blood Glucose Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Self-Monitoring Of Blood Glucose Market Overview
9.4.2 Middle East and Africa Self-Monitoring Of Blood Glucose Market Forecasts and Analysis
9.4.3 Middle East and Africa Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Self-Monitoring Of Blood Glucose Market
9.4.5.1.1 South Africa Self-Monitoring Of Blood Glucose Market by Product Type
9.4.5.1.2 South Africa Self-Monitoring Of Blood Glucose Market by End Use
9.4.5.2 Saudi Arabia Self-Monitoring Of Blood Glucose Market
9.4.5.2.1 Saudi Arabia Self-Monitoring Of Blood Glucose Market by Product Type
9.4.5.2.2 Saudi Arabia Self-Monitoring Of Blood Glucose Market by End Use
9.4.5.3 U.A.E Self-Monitoring Of Blood Glucose Market
9.4.5.3.1 U.A.E Self-Monitoring Of Blood Glucose Market by Product Type
9.4.5.3.2 U.A.E Self-Monitoring Of Blood Glucose Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Self-Monitoring Of Blood Glucose Market Overview
9.5.2 South and Central America Self-Monitoring Of Blood Glucose Market Forecasts and Analysis
9.5.3 South and Central America Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Self-Monitoring Of Blood Glucose Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Self-Monitoring Of Blood Glucose Market
9.5.5.1.1 Brazil Self-Monitoring Of Blood Glucose Market by Product Type
9.5.5.1.2 Brazil Self-Monitoring Of Blood Glucose Market by End Use
9.5.5.2 Argentina Self-Monitoring Of Blood Glucose Market
9.5.5.2.1 Argentina Self-Monitoring Of Blood Glucose Market by Product Type
9.5.5.2.2 Argentina Self-Monitoring Of Blood Glucose Market by End Use
9.5.5.3 Chile Self-Monitoring Of Blood Glucose Market
9.5.5.3.1 Chile Self-Monitoring Of Blood Glucose Market by Product Type
9.5.5.3.2 Chile Self-Monitoring Of Blood Glucose Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL SELF-MONITORING OF BLOOD GLUCOSE MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SELF-MONITORING OF BLOOD GLUCOSE MARKET, KEY COMPANY PROFILES
12.1. LIFESCAN
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ASCENSIA
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ARKRAY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ABBOTT
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. F. HOFFMANN-LA ROCHE AG
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. DEXCOM
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. JOHNSON AND JOHNSON
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. MEDTRONIC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ASCENSIA DIABETES CARE HOLDINGS AG
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. B. BARUN MELSUNGEN AG
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Lifescan
2. Ascensia
3. Arkray
4. Abbott
5. F. Hoffmann-La Roche AG
6. Dexcom
7. Johnson and Johnson
8. Medtronic
9. Ascensia Diabetes Care Holdings AG
10. B. Barun Melsungen AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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