Preventive Medicine Market Snapshot (2023 to 2033)

As per FMI Analysts, the global preventive medicine market is estimated to be valued at US$ 396.63 billion in the current year 2023. According to the analysis report by FMI, the overall market is projected to expand at a CAGR of 8.4% during the forecast period from 2023 to 2033. By following this robust growth rate, the global market share value is expected to reach nearly US$ 886.59 billion by 2033.

Pharmacies have identified a sustainable model for sales of preventive medicine, by improving awareness of people along with expanding availability. Access to education has contributed to the growth in demand for preventive medicine as well.

The journal Health Affairs reports that the United States of America is going to save only 0.2% of its healthcare expenditures even when 90% of the population demands preventive medicines. Further, reforming attitudes of individuals along with increasing the supply across local stores has also contributed to this growth in sales of preventive medicine in the last couple of years.

Europe’s preventive market share is growing well with a market share of 36% as a result of the success of risk factor epidemiology in the region. It led to the enactment of a wide range of preventive measures, such as legislation to limit tobacco advertising and smoking in public places, and community-based health education programs, propelling the demand for preventive medicine indirectly

Asia may record significant growth in sales of preventive medicine due to its huge population that still believes in preventive measures, but lack of awareness may also negatively affect the market. China and India might also benefit from the rise in private organizations managing public hospitals and health insurance companies for sustaining the market share in the region.

Report Attributes or Data Points Details
Global Preventive Medicine Market Valuation in 2022 US$ 371.88 billion
Estimated Global Market Share in 2023 US$ 396.63 billion
Forecasted Global Market Size by 2033 US$ 886.59 billion
Projected Global Market Growth Rate from 2023 to 2033 8.4% CAGR
Historical Market Growth Rate from 2018 to 2022 5.5% CAGR

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Global Preventive Medicine Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

The worldwide sales and consumption of preventive medicines, in terms of value, was mere US$ 284.6 billion in the year 2018. The global market expanded at an average of 5.5% over the years between 2018 and 2022 because of rising prices for medicines, medical devices, medical treatments, and surgical procedures.

Pharmaceutical companies are generating huge demand for preventive medicine as they struggle with their current model, which is neither profitable nor fulfilling. Furthermore, other studies have similarly demonstrated that preventive measures do not increase life expectancy which has posed a negative impact on the demand for preventive medicines.

The preventative medicine market has also not yet fully realized its potential to limit healthcare expenditures because the return on investment has never been explained. It has also kept people from becoming involved in this field, affecting the demand for preventive medicine to certain degrees.

Category By Specialty Area
Top Segment Public Health and General Preventive Medicine
Market Share in Percentage 43.2%
Category By Distribution Channel
Top Segment Hospitals
Market Share in Percentage 37.8%

What are the Various Factors Driving the Preventive Medicine Market?

There are several factors contributing to the rise in demand for preventive medicine in the global market, including the rising prices of medicines, medical devices, treatments, and surgical procedures. Also, it seems that pharmaceutical companies are taking an interest in sales of preventive medicine as they are facing problems with their traditional pharmaceutical business model, which is neither profitable nor sufficiently fulfilling the market needs, affecting the business worldwide.

The demand for preventive medicine has received a lot of traction in the healthcare sector recently. Therefore, the pharmaceutical industry has identified and promoted a sustainable model of collaborating with regional players, which has contributed greatly to the growth of the overall market share. This has also posed a setback for the sales of preventive medicine in the market, mainly because a broad coalition of pharmacy companies includes big players and small start-ups, as well as corporate and academic organizations.

Another obstacle to increasing the demand for preventive medicine is its potential to limit healthcare expenditures because the return on investment was never clearly communicated by private players.

Regional Market Comparison Global Market Share in Percentage
North America 43.2%
Europe 36.7%
Sabyasachi Ghosh
Sabyasachi Ghosh

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How is the Performance of North America in the Preventive Medicine Market?

With a market share of 42%, North America lags behind other countries when it comes to sales of preventive medicine in terms of volume because players are not as interested as in Asia Pacific countries.

A vast coalition of drug companies and start-ups with commercial organizations and academic institutions is needed, which is rare in the country for North America’s market share to succeed. This is one of the key hurdles for the sales of preventive medicine by the market players in the United States of America and Canada.

Regional Market Comparison Global Market Share in Percentage
The United States 38.3%
Germany 8.5%
Japan 3.3%
Sabyasachi Ghosh
Sabyasachi Ghosh

Principal Consultant

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How Europe’s Preventive Medicine Market is Likely to Expand?

Europe’s market share is growing well with a 36% market share value, thanks to the success of risk factor epidemiology in the region, which has led to a wide range of preventive measures. Also, several countries in Europe have been conducting campaigns to reduce cardiovascular disease burden, and Asia may support its significantly growing demand for preventive medicine. However, a lack of awareness could also impact the sales of preventive medicine

Regional Markets CAGR (2023 to 2033)
The United Kingdom 5.9%
China 10.3%
India 8.4%
Australia 7.5%

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What is the Competition Landscape in the Preventive Medicine Market?

Some of the leading companies operating in the global market include Novo Nordisk, Eli Lilly, Quanterix, Aetna Inc., Preventive Medical Health Care Co., LTD., Cancer Prevention Pharmaceuticals, Inc., Phoenix Medicine, American College of Preventive Medicine and USA, Preventive Medicine.

In preventive medicine, the example that stands out is immunizations, which are the best way to reduce the financial burden on the economy of any country from several life-threatening diseases. Also, cancer screenings for ovarian cancer, testicular cancer, and prostate cancer through PSA tests, and routine use of aspirin by cardiovascular patients are some of the key opportunities for market players to increase their sales of preventive medicine.

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Report Scope

Report Attributes Details
Growth Rate CAGR of 8.4% from 2023 to 2033
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ million and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Specialty Areas
  • Distribution Channels
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Japan
  • The Middle East and Africa
Key Countries Profiled
  • The United States of America
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Australia
  • New Zealand
  • China
  • India
  • Japan
  • GCC Countries
  • South Africa
  • North Africa
Key Companies Profiled
  • Novo Nordisk
  • Eli Lilly
  • Quanterix
  • Aetna Inc.
  • Preventive Medical Health Care Co.
  • LTD.
  • Cancer Prevention Pharmaceuticals, Inc.
  • Phoenix Medicine
  • American College of Preventive Medicine
  • USA, Preventive Medicine.
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Key Segments Profiled in the Preventive Medicine Market

By Specialty Areas:

  • Aerospace Medicine
  • Occupational Medicine
  • Public Health and General Preventive Medicine

By Distribution Channels:

  • Hospitals
  • Diagnostic Centers
  • Employers

By Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • East Asia Market
  • South Asia & Pacific Market
  • The Middle East and Africa (MEA) Market

Frequently Asked Questions

What is the Growth Outlook of the Preventive Medicine Market?

The global sales of preventive medicine are anticipated to expand at 8.4% during the forecast period.

What is the Projected Value of the Preventive Medicine Market by 2033?

The global market is predicted to be valued at US$ 886.59 billion by 2033.

What was the Historical Size of the Market?

The global sales of preventive medicine were valued at US$ 371.88 billion in 2022.

Which Country is the Dominant Share Holder in the Global Market?

The United States accounts for nearly 38.3% revenue share of the global market.

Which Regional Market has the Highest Growth Potential?

China is to witness a CAGR of 10.3% in sales of preventive medicine through 2033.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Specialty Areas

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Specialty Areas, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Specialty Areas, 2023 to 2033

        5.3.1. Aerospace Medicine

        5.3.2. Occupational Medicine

        5.3.3. Public Health and General Preventive Medicine

    5.4. Y-o-Y Growth Trend Analysis By Specialty Areas, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Specialty Areas, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channels

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Distribution Channels, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Distribution Channels, 2023 to 2033

        6.3.1. Hospitals

        6.3.2. Diagnostic Centers

        6.3.3. Employers

    6.4. Y-o-Y Growth Trend Analysis By Distribution Channels, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Distribution Channels, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. U.S.

            8.2.1.2. Canada

        8.2.2. By Specialty Areas

        8.2.3. By Distribution Channels

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Specialty Areas

        8.3.3. By Distribution Channels

    8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Specialty Areas

        9.2.3. By Distribution Channels

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Specialty Areas

        9.3.3. By Distribution Channels

    9.4. Key Takeaways

10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. U.K.

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Specialty Areas

        10.2.3. By Distribution Channels

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Specialty Areas

        10.3.3. By Distribution Channels

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Specialty Areas

        11.2.3. By Distribution Channels

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Specialty Areas

        11.3.3. By Distribution Channels

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Specialty Areas

        12.2.3. By Distribution Channels

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Specialty Areas

        12.3.3. By Distribution Channels

    12.4. Key Takeaways

13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Specialty Areas

        13.2.3. By Distribution Channels

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Specialty Areas

        13.3.3. By Distribution Channels

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Specialty Areas

        14.2.3. By Distribution Channels

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Specialty Areas

        14.3.3. By Distribution Channels

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. U.S.

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2022

            15.1.2.1. By Specialty Areas

            15.1.2.2. By Distribution Channels

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2022

            15.2.2.1. By Specialty Areas

            15.2.2.2. By Distribution Channels

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2022

            15.3.2.1. By Specialty Areas

            15.3.2.2. By Distribution Channels

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2022

            15.4.2.1. By Specialty Areas

            15.4.2.2. By Distribution Channels

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2022

            15.5.2.1. By Specialty Areas

            15.5.2.2. By Distribution Channels

    15.6. U.K.

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2022

            15.6.2.1. By Specialty Areas

            15.6.2.2. By Distribution Channels

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2022

            15.7.2.1. By Specialty Areas

            15.7.2.2. By Distribution Channels

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2022

            15.8.2.1. By Specialty Areas

            15.8.2.2. By Distribution Channels

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2022

            15.9.2.1. By Specialty Areas

            15.9.2.2. By Distribution Channels

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2022

            15.10.2.1. By Specialty Areas

            15.10.2.2. By Distribution Channels

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2022

            15.11.2.1. By Specialty Areas

            15.11.2.2. By Distribution Channels

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2022

            15.12.2.1. By Specialty Areas

            15.12.2.2. By Distribution Channels

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2022

            15.13.2.1. By Specialty Areas

            15.13.2.2. By Distribution Channels

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2022

            15.14.2.1. By Specialty Areas

            15.14.2.2. By Distribution Channels

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2022

            15.15.2.1. By Specialty Areas

            15.15.2.2. By Distribution Channels

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2022

            15.16.2.1. By Specialty Areas

            15.16.2.2. By Distribution Channels

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2022

            15.17.2.1. By Specialty Areas

            15.17.2.2. By Distribution Channels

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2022

            15.18.2.1. By Specialty Areas

            15.18.2.2. By Distribution Channels

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2022

            15.19.2.1. By Specialty Areas

            15.19.2.2. By Distribution Channels

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2022

            15.20.2.1. By Specialty Areas

            15.20.2.2. By Distribution Channels

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2022

            15.21.2.1. By Specialty Areas

            15.21.2.2. By Distribution Channels

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2022

            15.22.2.1. By Specialty Areas

            15.22.2.2. By Distribution Channels

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2022

            15.23.2.1. By Specialty Areas

            15.23.2.2. By Distribution Channels

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Specialty Areas

        16.3.3. By Distribution Channels

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Novo Nordisk

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

        17.1.2. Eli Lilly

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

        17.1.3. Quanterix

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

        17.1.4. Aetna Inc.

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

        17.1.5. Preventive Medical Health Care Co.

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

        17.1.6. LTD.

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

        17.1.7. Cancer Prevention Pharmaceuticals, Inc.

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

        17.1.8. Phoenix Medicine

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

        17.1.9. American College of Preventive Medicine

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

        17.1.10. USA, Preventive Medicine.

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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