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Encephalitis Vaccine-Global Market Insights and Sales Trends 2024
Synopsis
Encephalitis Vaccination is an effective measure for the prevention of epidemic encephalitis. It is by yellow virus arboviruses - je virus caused an acute infectious disease of the central nervous system. Often result in death or neurological sequel. Je is a zoonotic disease spread by mosquito’s classes. People and many animals may be infection source after infection Encephalitis virus.
The global Encephalitis Vaccine market size is expected to reach US$ 1905.8 million by 2029, growing at a CAGR of 5.6% from 2023 to 2029. The market is mainly driven by the significant applications of Encephalitis Vaccine in various end use industries. The expanding demands from the Child and Adult, are propelling Encephalitis Vaccine market. Inactivated Vaccine, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Live Attenuated Vaccine segment is estimated at % CAGR for the next seven-year period.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Encephalitis Vaccine, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Encephalitis Vaccine market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Encephalitis Vaccine market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Encephalitis Vaccine sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Encephalitis Vaccine covered in this report include Valneva, Sanofi Pasteur, Biken, Wuhan Institute of Biological Products, Lanzhou Institute of Biological Products, Chengdu Institute of Biological Products, Tiantan Biological Products, Liaoning Chengda and Zhejiang Tianyuan Bio-Pharmaceutical, etc.
The global Encephalitis Vaccine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Valneva
Sanofi Pasteur
Biken
Wuhan Institute of Biological Products
Lanzhou Institute of Biological Products
Chengdu Institute of Biological Products
Tiantan Biological Products
Liaoning Chengda
Zhejiang Tianyuan Bio-Pharmaceutical
Yisheng Bio
Changchun Institute of Biological Products
Global Encephalitis Vaccine market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Encephalitis Vaccine market, Segment by Type:
Inactivated Vaccine
Live Attenuated Vaccine
Global Encephalitis Vaccine market, by Application
Child
Adult
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Encephalitis Vaccine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Encephalitis Vaccine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Encephalitis Vaccination is an effective measure for the prevention of epidemic encephalitis. It is by yellow virus arboviruses - je virus caused an acute infectious disease of the central nervous system. Often result in death or neurological sequel. Je is a zoonotic disease spread by mosquito’s classes. People and many animals may be infection source after infection Encephalitis virus.
The global Encephalitis Vaccine market size is expected to reach US$ 1905.8 million by 2029, growing at a CAGR of 5.6% from 2023 to 2029. The market is mainly driven by the significant applications of Encephalitis Vaccine in various end use industries. The expanding demands from the Child and Adult, are propelling Encephalitis Vaccine market. Inactivated Vaccine, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Live Attenuated Vaccine segment is estimated at % CAGR for the next seven-year period.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Encephalitis Vaccine, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Encephalitis Vaccine market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Encephalitis Vaccine market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Encephalitis Vaccine sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Encephalitis Vaccine covered in this report include Valneva, Sanofi Pasteur, Biken, Wuhan Institute of Biological Products, Lanzhou Institute of Biological Products, Chengdu Institute of Biological Products, Tiantan Biological Products, Liaoning Chengda and Zhejiang Tianyuan Bio-Pharmaceutical, etc.
The global Encephalitis Vaccine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Valneva
Sanofi Pasteur
Biken
Wuhan Institute of Biological Products
Lanzhou Institute of Biological Products
Chengdu Institute of Biological Products
Tiantan Biological Products
Liaoning Chengda
Zhejiang Tianyuan Bio-Pharmaceutical
Yisheng Bio
Changchun Institute of Biological Products
Global Encephalitis Vaccine market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Encephalitis Vaccine market, Segment by Type:
Inactivated Vaccine
Live Attenuated Vaccine
Global Encephalitis Vaccine market, by Application
Child
Adult
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Encephalitis Vaccine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Encephalitis Vaccine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Encephalitis Vaccine Market Overview
1.1 Encephalitis Vaccine Product Overview
1.2 Encephalitis Vaccine Market Segment by Type
1.2.1 Inactivated Vaccine
1.2.2 Live Attenuated Vaccine
1.3 Global Encephalitis Vaccine Market Size by Type
1.3.1 Global Encephalitis Vaccine Market Size Overview by Type (2018-2029)
1.3.2 Global Encephalitis Vaccine Historic Market Size Review by Type (2018-2023)
1.3.3 Global Encephalitis Vaccine Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Encephalitis Vaccine Sales Breakdown by Type (2018-2023)
1.4.2 Europe Encephalitis Vaccine Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Encephalitis Vaccine Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Encephalitis Vaccine Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Encephalitis Vaccine Sales Breakdown by Type (2018-2023)
2 Global Encephalitis Vaccine Market Competition by Company
2.1 Global Top Players by Encephalitis Vaccine Sales (2018-2023)
2.2 Global Top Players by Encephalitis Vaccine Revenue (2018-2023)
2.3 Global Top Players by Encephalitis Vaccine Price (2018-2023)
2.4 Global Top Manufacturers Encephalitis Vaccine Manufacturing Base Distribution, Sales Area, Product Type
2.5 Encephalitis Vaccine Market Competitive Situation and Trends
2.5.1 Encephalitis Vaccine Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Encephalitis Vaccine Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Encephalitis Vaccine as of 2022)
2.7 Date of Key Manufacturers Enter into Encephalitis Vaccine Market
2.8 Key Manufacturers Encephalitis Vaccine Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Encephalitis Vaccine Status and Outlook by Region
3.1 Global Encephalitis Vaccine Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Encephalitis Vaccine Historic Market Size by Region
3.2.1 Global Encephalitis Vaccine Sales in Volume by Region (2018-2023)
3.2.2 Global Encephalitis Vaccine Sales in Value by Region (2018-2023)
3.2.3 Global Encephalitis Vaccine Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Encephalitis Vaccine Forecasted Market Size by Region
3.3.1 Global Encephalitis Vaccine Sales in Volume by Region (2024-2029)
3.3.2 Global Encephalitis Vaccine Sales in Value by Region (2024-2029)
3.3.3 Global Encephalitis Vaccine Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Encephalitis Vaccine by Application
4.1 Encephalitis Vaccine Market Segment by Application
4.1.1 Child
4.1.2 Adult
4.2 Global Encephalitis Vaccine Market Size by Application
4.2.1 Global Encephalitis Vaccine Market Size Overview by Application (2018-2029)
4.2.2 Global Encephalitis Vaccine Historic Market Size Review by Application (2018-2023)
4.2.3 Global Encephalitis Vaccine Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Encephalitis Vaccine Sales Breakdown by Application (2018-2023)
4.3.2 Europe Encephalitis Vaccine Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Encephalitis Vaccine Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Encephalitis Vaccine Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Encephalitis Vaccine Sales Breakdown by Application (2018-2023)
5 North America Encephalitis Vaccine by Country
5.1 North America Encephalitis Vaccine Historic Market Size by Country
5.1.1 North America Encephalitis Vaccine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Encephalitis Vaccine Sales in Volume by Country (2018-2023)
5.1.3 North America Encephalitis Vaccine Sales in Value by Country (2018-2023)
5.2 North America Encephalitis Vaccine Forecasted Market Size by Country
5.2.1 North America Encephalitis Vaccine Sales in Volume by Country (2024-2029)
5.2.2 North America Encephalitis Vaccine Sales in Value by Country (2024-2029)
6 Europe Encephalitis Vaccine by Country
6.1 Europe Encephalitis Vaccine Historic Market Size by Country
6.1.1 Europe Encephalitis Vaccine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Encephalitis Vaccine Sales in Volume by Country (2018-2023)
6.1.3 Europe Encephalitis Vaccine Sales in Value by Country (2018-2023)
6.2 Europe Encephalitis Vaccine Forecasted Market Size by Country
6.2.1 Europe Encephalitis Vaccine Sales in Volume by Country (2024-2029)
6.2.2 Europe Encephalitis Vaccine Sales in Value by Country (2024-2029)
7 Asia-Pacific Encephalitis Vaccine by Region
7.1 Asia-Pacific Encephalitis Vaccine Historic Market Size by Region
7.1.1 Asia-Pacific Encephalitis Vaccine Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Encephalitis Vaccine Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Encephalitis Vaccine Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Encephalitis Vaccine Forecasted Market Size by Region
7.2.1 Asia-Pacific Encephalitis Vaccine Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Encephalitis Vaccine Sales in Value by Region (2024-2029)
8 Latin America Encephalitis Vaccine by Country
8.1 Latin America Encephalitis Vaccine Historic Market Size by Country
8.1.1 Latin America Encephalitis Vaccine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Encephalitis Vaccine Sales in Volume by Country (2018-2023)
8.1.3 Latin America Encephalitis Vaccine Sales in Value by Country (2018-2023)
8.2 Latin America Encephalitis Vaccine Forecasted Market Size by Country
8.2.1 Latin America Encephalitis Vaccine Sales in Volume by Country (2024-2029)
8.2.2 Latin America Encephalitis Vaccine Sales in Value by Country (2024-2029)
9 Middle East and Africa Encephalitis Vaccine by Country
9.1 Middle East and Africa Encephalitis Vaccine Historic Market Size by Country
9.1.1 Middle East and Africa Encephalitis Vaccine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Encephalitis Vaccine Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Encephalitis Vaccine Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Encephalitis Vaccine Forecasted Market Size by Country
9.2.1 Middle East and Africa Encephalitis Vaccine Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Encephalitis Vaccine Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Valneva
10.1.1 Valneva Company Information
10.1.2 Valneva Introduction and Business Overview
10.1.3 Valneva Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Valneva Encephalitis Vaccine Products Offered
10.1.5 Valneva Recent Development
10.2 Sanofi Pasteur
10.2.1 Sanofi Pasteur Company Information
10.2.2 Sanofi Pasteur Introduction and Business Overview
10.2.3 Sanofi Pasteur Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Sanofi Pasteur Encephalitis Vaccine Products Offered
10.2.5 Sanofi Pasteur Recent Development
10.3 Biken
10.3.1 Biken Company Information
10.3.2 Biken Introduction and Business Overview
10.3.3 Biken Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Biken Encephalitis Vaccine Products Offered
10.3.5 Biken Recent Development
10.4 Wuhan Institute of Biological Products
10.4.1 Wuhan Institute of Biological Products Company Information
10.4.2 Wuhan Institute of Biological Products Introduction and Business Overview
10.4.3 Wuhan Institute of Biological Products Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Wuhan Institute of Biological Products Encephalitis Vaccine Products Offered
10.4.5 Wuhan Institute of Biological Products Recent Development
10.5 Lanzhou Institute of Biological Products
10.5.1 Lanzhou Institute of Biological Products Company Information
10.5.2 Lanzhou Institute of Biological Products Introduction and Business Overview
10.5.3 Lanzhou Institute of Biological Products Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Lanzhou Institute of Biological Products Encephalitis Vaccine Products Offered
10.5.5 Lanzhou Institute of Biological Products Recent Development
10.6 Chengdu Institute of Biological Products
10.6.1 Chengdu Institute of Biological Products Company Information
10.6.2 Chengdu Institute of Biological Products Introduction and Business Overview
10.6.3 Chengdu Institute of Biological Products Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Chengdu Institute of Biological Products Encephalitis Vaccine Products Offered
10.6.5 Chengdu Institute of Biological Products Recent Development
10.7 Tiantan Biological Products
10.7.1 Tiantan Biological Products Company Information
10.7.2 Tiantan Biological Products Introduction and Business Overview
10.7.3 Tiantan Biological Products Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Tiantan Biological Products Encephalitis Vaccine Products Offered
10.7.5 Tiantan Biological Products Recent Development
10.8 Liaoning Chengda
10.8.1 Liaoning Chengda Company Information
10.8.2 Liaoning Chengda Introduction and Business Overview
10.8.3 Liaoning Chengda Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Liaoning Chengda Encephalitis Vaccine Products Offered
10.8.5 Liaoning Chengda Recent Development
10.9 Zhejiang Tianyuan Bio-Pharmaceutical
10.9.1 Zhejiang Tianyuan Bio-Pharmaceutical Company Information
10.9.2 Zhejiang Tianyuan Bio-Pharmaceutical Introduction and Business Overview
10.9.3 Zhejiang Tianyuan Bio-Pharmaceutical Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Zhejiang Tianyuan Bio-Pharmaceutical Encephalitis Vaccine Products Offered
10.9.5 Zhejiang Tianyuan Bio-Pharmaceutical Recent Development
10.10 Yisheng Bio
10.10.1 Yisheng Bio Company Information
10.10.2 Yisheng Bio Introduction and Business Overview
10.10.3 Yisheng Bio Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Yisheng Bio Encephalitis Vaccine Products Offered
10.10.5 Yisheng Bio Recent Development
10.11 Changchun Institute of Biological Products
10.11.1 Changchun Institute of Biological Products Company Information
10.11.2 Changchun Institute of Biological Products Introduction and Business Overview
10.11.3 Changchun Institute of Biological Products Encephalitis Vaccine Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Changchun Institute of Biological Products Encephalitis Vaccine Products Offered
10.11.5 Changchun Institute of Biological Products Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Encephalitis Vaccine Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Encephalitis Vaccine Industrial Chain Analysis
11.4 Encephalitis Vaccine Market Dynamics
11.4.1 Encephalitis Vaccine Industry Trends
11.4.2 Encephalitis Vaccine Market Drivers
11.4.3 Encephalitis Vaccine Market Challenges
11.4.4 Encephalitis Vaccine Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Encephalitis Vaccine Distributors
12.3 Encephalitis Vaccine Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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