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This report studies Biotechnology Separation Systems in global market, especially in North America, Europe, China, Asia (Ex. China), focuses on top manufacturers in global market, with, revenue and market share for each manufacturer, covering
Danaher
Thermo Fisher Scientific
BD
Merck
GE Healthcare
Agilent
Sysmex
Alfa Wassermann
Shimadzu
Sartorius Stedim Biotech
Illumina
Waters
Novasep
3M Purification
Affymetrix
Bio-Rad Laboratories
Alfa Laval
PerkinElmer
Repligen
Hitachi Koki
Market segment by regions, this report splits global into several key regions, with revenue, consumption value, and market share and growth rate of Biotechnology Separation Systems in these regions, from 2011 to 2021 (forecast), like
North America
Europe
China
Asia (Ex. China)
Other
Split by product types, with revenue, gross margin, and market share and growth rate of each type, can be divided into
Membrane Filtration
Chromatography
Centrifuge
Electrophoresis
Flow Cytometry
Others
Split application, this report focuses on consumption, market share and growth rate of Biotechnology Separation Systems in each application, can be divided into
Commercial
Scientific research
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.
In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market
1 Biotechnology Separation Systems Market Overview 1
1.1 Product Overview and Scope of Biotechnology Separation Systems 1
1.2 Biotechnology Separation Systems Segment by Types 2
1.3 Biotechnology Separation Systems Segment by Applications 6
1.4 Biotechnology Separation Systems Market by Regions 7
1.4.1 North America Status and Prospect (2011-2021) 7
1.4.2 Europe Status and Prospect (2011-2021) 8
1.4.3 China Status and Prospect (2011-2021) 9
1.4.4 Asia (Ex. China) Status and Prospect (2011-2021) 10
1.5 Global Market Size (Value) of Biotechnology Separation Systems (2011-2021) 11
2 Global Biotechnology Separation Systems Market Competition by Manufacturers 12
2.1 Global Biotechnology Separation Systems Revenue and Share by Manufacturers (2015 and 2016) 12
2.2 Global Biotechnology Separation Systems Gross and Share by Manufacturers (2015 and 2016) 15
2.3 Global Biotechnology Separation Systems Gross Margin by Manufacturers (2015 and 2016) 18
2.4 Manufacturers Biotechnology Separation Systems Manufacturing Base Distribution, Sales Area, Product Types 21
2.5 Biotechnology Separation Systems Market Competitive Situation and Trends 23
2.5.1 Biotechnology Separation Systems Market Concentration Rate 23
2.5.2 Biotechnology Separation Systems Market Share of Top 3 and Top 5 Manufacturers 24
2.5.3 Mergers & Acquisitions, Expansion 25
3 Global Biotechnology Separation Systems Revenue (Value) by Regions (2011-2016) 27
3.1 Global Biotechnology Separation Systems Revenue and Market Share by Regions (2011-2016) 27
3.2 Global Biotechnology Separation Systems Gross (Value) and Market Share by Regions (2011-2016) 29
3.3 Global Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 30
3.4 North America Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 31
3.5 Europe Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 31
3.6 China Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 31
3.7 Asia (Ex. China) Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 32
4 Global Biotechnology Separation Systems Supply, Consumption, Export, Import by Regions (2011-2016) 33
4.1 Global Biotechnology Separation Systems Consumption by Regions (2011-2016) 33
4.2 North America Biotechnology Separation Systems Revenue, Consumption Value, Export, Import by Regions (2011-2016) 35
4.3 Europe Biotechnology Separation Systems Revenue, Consumption Value, Export, Import by Regions (2011-2016) 35
4.4 China Biotechnology Separation Systems Revenue, Consumption Value, Export, Import by Regions (2011-2016) 36
4.5 Asia (Ex. China) Biotechnology Separation Systems Revenue, Consumption Value, Export, Import by Regions (2011-2016) 36
5 Global Biotechnology Separation Systems Revenue (Value), Gross Margin Trend by Types 37
5.1 Global Biotechnology Separation Systems Revenue and Market Share by Types (2011-2016) 37
5.2 Global Biotechnology Separation Systems Gross and Market Share by Types (2011-2016) 39
5.3 Global Biotechnology Separation Systems Gross Margin by Type (2011-2016) 41
5.4 Global Biotechnology Separation Systems Revenue Growth by Type (2011-2016) 41
6 Global Biotechnology Separation Systems Market Analysis by Application 42
6.1 Global Biotechnology Separation Systems Consumption and Market Share by Application (2011-2016) 42
6.2 Global Biotechnology Separation Systems Consumption Growth Rate by Application (2011-2016) 43
7 Analysis of Biotechnology Separation Systems Industry Key Manufacturers 45
7.1 Danaher 45
7.1.1 Company Profile 45
7.1.2 Product Information 46
7.1.3 Revenue, Cost, Gross and Gross Margin 46
7.2 Thermo Fisher Scientific 46
7.2.1 Company Profile 46
7.2.2 Product Information 47
7.2.3 Revenue, Cost, Gross and Gross Margin 49
7.3 BD 50
7.3.1 Company Profile 50
7.3.2 Product Information 51
7.3.3 Revenue, Cost, Gross and Gross Margin 51
7.4 Merck 52
7.4.1 Company Profile 52
7.4.2 Product Information 53
7.4.3 Revenue, Cost, Gross and Gross Margin 53
7.5 GE Healthcare 53
7.5.1 Company Profile 53
7.5.2 Product Information 54
7.5.3 Revenue, Cost, Gross and Gross Margin 55
7.6 Agilent 55
7.6.1 Company Profile 55
7.6.2 Product Information 56
7.6.3 Revenue, Cost, Gross and Gross Margin 57
7.7 Sysmex 58
7.7.1 Company Profile 58
7.7.2 Product Information 59
7.7.3 Revenue, Cost, Gross and Gross Margin 59
7.8 Alfa Wassermann 60
7.8.1 Company Profile 60
7.8.2 Product Information 61
7.8.3 Revenue, Cost, Gross and Gross Margin 61
7.9 Shimadzu 62
7.9.1 Company Profile 62
7.9.2 Product Information 63
7.9.3 Revenue, Cost, Gross and Gross Margin 63
7.10 Sartorius Stedim Biotech 63
7.10.1 Company Profile 63
7.10.2 Product Information 64
7.10.3 Revenue, Cost, Gross and Gross Margin 65
7.11 Illumina 65
7.11.1 Company Profile 65
7.11.2 Product Information 66
7.11.3 Revenue, Cost, Gross and Gross Margin 68
7.12 Waters 69
7.12.1 Company Profile 69
7.12.2 Product Information 69
7.12.3 Revenue, Cost, Gross and Gross Margin 71
7.13 Novasep 72
7.13.1 Company Profile 72
7.13.2 Product Information 73
7.13.3 Revenue, Cost, Gross and Gross Margin 73
7.14 3M Purification 73
7.14.1 Company Profile 73
7.14.2 Product Information 74
7.14.3 Revenue, Cost, Gross and Gross Margin 74
7.15 Affymetrix 75
7.15.1 Company Profile 75
7.15.2 Product Information 76
7.15.3 Revenue, Cost, Gross and Gross Margin 78
7.16 Bio-Rad Laboratories 78
7.16.1 Company Profile 78
7.16.2 Product Information 79
7.16.3 Revenue, Cost, Gross and Gross Margin 80
7.17 Alfa Laval 80
7.17.1 Company Profile 80
7.17.2 Product Information 81
7.17.3 Revenue, Cost, Gross and Gross Margin 81
7.18 PerkinElmer 81
7.18.1 Company Profile 81
7.18.2 Product Information 82
7.18.3 Revenue, Cost, Gross and Gross Margin 83
7.19 Repligen 83
7.19.1 Company Profile 83
7.19.2 Product Information 84
7.19.3 Revenue, Cost, Gross and Gross Margin 84
7.20 Hitachi Koki 85
7.20.1 Company Profile 85
7.20.2 Product Information 86
7.20.3 Revenue, Cost, Gross and Gross Margin 86
8 Biotechnology Separation Systems Manufacturing Cost Analysis 87
8.1 Biotechnology Separation Systems Key Raw Materials Analysis 87
8.1.1 Key Raw Materials of Membrane Filtration 87
8.1.2 Key Raw Materials of Chromatography 90
8.1.3 Key Raw Materials of DNA Microarray 92
8.2 Proportion of Manufacturing Cost Structure 92
8.2.1 Raw Materials 93
8.2.2 Labor Cost 93
8.2.2.1 USA Labor Cost Analysis 94
8.2.2.2 Europe Labor Costs Analysis 96
8.2.2.3 Asia Labor Costs Analysis 98
8.2.3 Manufacturing Expenses 100
8.3 Manufacturing Process Analysis of Biotechnology Separation Systems 100
9 Industrial Chain, Sourcing Strategy and Downstream Buyers 101
9.1 Biotechnology Separation Systems Industrial Chain Analysis 101
9.2 Upstream Raw Materials Sourcing 101
9.3 Global Revenue Share of Biotechnology Separation Systems by Manufacturers in 2015 102
9.4 Downstream Buyers 103
10 Marketing Strategy Analysis, Distributors/Traders 105
10.1 Marketing Channel 105
10.2 Market Positioning 106
10.3 Distributors/Traders List 107
11 Market Effect Factors Analysis 109
11.1 Biotechnology Separation Technology 109
11.2 Economic/Political Environmental Change 109
11.2.1 Global Economy Analysis 110
11.2.2 Europe Economy Analysis 111
11.2.3 Japan Economy Analysis 112
11.2.4 China Economy Analysis 113
11.2.5 USA Economy Analysis 115
12 Global Biotechnology Separation Systems Market Forecast (2016-2021) 116
12.1 Global Biotechnology Separation Systems Revenue Forecast (2016-2021) 116
12.2 Global Biotechnology Separation Systems Revenue, Consumption Forecast by Regions (2016-2021) 117
12.3 Global Biotechnology Separation Systems Revenue Forecast by Type (2016-2021) 118
12.4 Global Biotechnology Separation Systems Consumption Forecast by Application (2016-2021) 118
12.5 Biotechnology Separation Systems Gross Margin Forecast (2016-2021) 119
13 Research Findings and Conclusion 120
14 Appendix 121
Author List 121
Disclosure Section 122
Research Methodology 122
Data Source 123
Disclaimer 123
Figure Picture of Biotechnology Separation Systems 1
Figure Global Revenue Market Share of Biotechnology Separation Systems by Types in 2015 2
Table Classification of Biotechnology Separation Systems 2
Figure Product Picture of Membrane Filtration 3
Figure Product Picture of Chromatography 4
Figure Product Picture of Centrifuge 4
Figure Product Picture of DNA Microarray 5
Figure Biotechnology Separation Systems Consumption Market Share by Applications in 2015 6
Table Applications of Biotechnology Separation Systems 6
Figure North America Biotechnology Separation Systems Revenue (M USD) and Growth Rate (2011-2021) 7
Figure Europe Biotechnology Separation Systems Revenue (Million USD) and Growth Rate (2011-2021) 8
Figure China Biotechnology Separation Systems Revenue (Million USD) and Growth Rate (2011-2021) 9
Figure Asia (Ex. China) Biotechnology Separation Systems Revenue (Million USD) and Growth Rate (2011-2021) 10
Figure Global Biotechnology Separation Systems Revenue (Million USD) and Growth Rate (2011-2021) 11
Table Global Biotechnology Separation Systems Revenue (M USD) of Key Manufacturers (2015 and 2016) 12
Table Global Biotechnology Separation Systems Revenue Share by Manufacturers (2015 and 2016) 13
Figure 2015 Biotechnology Separation Systems Revenue Share by Manufacturers 14
Figure 2016 Biotechnology Separation Systems Revenue Share by Manufacturers 15
Table Global Biotechnology Separation Systems Gross (M USD) by Manufacturers (2015 and 2016) 15
Table Global Biotechnology Separation Systems Gross Share by Manufacturers (2015 and 2016) 16
Table 2015 Global Biotechnology Separation Systems Gross Share by Manufacturers 17
Table 2016 Global Biotechnology Separation Systems Gross Share by Manufacturers 18
Table Global Market Biotechnology Separation Systems Gross Margin of Key Manufacturers (2015 and 2016) 18
Figure Global Market Biotechnology Separation Systems Gross Margin of Key Manufacturers in 2015 20
Table Manufacturers Biotechnology Separation Systems Manufacturing Base Distribution and Sales Area 21
Table Manufacturers Biotechnology Separation Systems Product Types 21
Figure Biotechnology Separation Systems Market Revenue Concentration Rate in 2015 23
Figure Biotechnology Separation Systems Revenue Market Share of Top 3 Manufacturers 24
Figure Biotechnology Separation Systems Revenue Market Share of Top 5 Manufacturers 25
Table Global Biotechnology Separation Systems Revenue (M USD) by Regions (2011-2016) 27
Figure Global Biotechnology Separation Systems Revenue Market Share by Regions (2011-2016) 27
Figure Global Biotechnology Separation Systems Revenue Market Share by Regions (2011-2016) 28
Figure 2015 Global Biotechnology Separation Systems Revenue Market Share by Regions 28
Table Global Biotechnology Separation Systems Gross (M USD) by Regions (2011-2016) 29
Table Global Biotechnology Separation Systems Gross Market Share by Regions (2011-2016) 29
Table 2015 Global Biotechnology Separation Systems Gross Market Share by Regions 30
Table Global Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 30
Table North America Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 31
Table Europe Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 31
Table China Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 31
Table Asia (Ex. China) Biotechnology Separation Systems Revenue, Cost and Gross Margin (2011-2016) 32
Table Global Biotechnology Separation Systems Consumption (M USD) Market by Regions (2011-2016) 33
Table Global Biotechnology Separation Systems Consumption Market Share by Regions (2011-2016) 33
Figure Global Biotechnology Separation Systems Consumption Market Share by Regions (2011-2016) 34
Figure 2015 Global Biotechnology Separation Systems Consumption Market Share by Regions 34
Table North America Biotechnology Separation Systems Revenue, Consumption Value, Export & Import (2011-2016) 35
Table Europe Biotechnology Separation Systems Revenue, Consumption Value, Export & Import (2011-2016) 35
Table China Biotechnology Separation Systems Revenue, Consumption Value, Export & Import (2011-2016) 36
Table Asia (Ex. China) Biotechnology Separation Systems Revenue, Consumption Value, Export & Import (2011-2016) 36
Table Global Biotechnology Separation Systems Revenue (M USD) by Types (2011-2016) 37
Table Global Biotechnology Separation Systems Revenue Share by Types (2011-2016) 37
Figure Revenue Market Share of Biotechnology Separation Systems by Types (2011-2016) 38
Figure 2015 Revenue Market Share of Biotechnology Separation Systems by Types 38
Table Global Biotechnology Separation Systems Gross (Million USD) by Types (2011-2016) 39
Table Global Biotechnology Separation Systems Gross Share by Types (2011-2016) 39
Figure Gross Share of Biotechnology Separation Systems by Types (2011-2016) 40
Figure 2015 Gross Market Share of Biotechnology Separation Systems by Types 40
Table Global Biotechnology Separation Systems Gross Margin by Types (2011-2016) 41
Figure Global Biotechnology Separation Systems Revenue Growth by Type (2011-2016) 41
Table Global Biotechnology Separation Systems Consumption (M USD) by Application (2011-2016) 42
Table Global Biotechnology Separation Systems Consumption Market Share by Application (2011-2016) 42
Figure Global Biotechnology Separation Systems Consumption Market Share by Application in 2015 43
Table Global Biotechnology Separation Systems Consumption Growth Rate by Application (2011-2016) 43
Figure Global Biotechnology Separation Systems Consumption Growth Rate by Application (2011-2016) 44
Table Danaher Company Profile 45
Figure Biotechnology Separation Systems Product Picture and introductions of Danaher 46
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Danaher 2015-2016 46
Table Thermo Fisher Scientific Company Profile 46
Table Biotechnology Separation Systems Product Picture and introductions of Thermo Fisher Scientific 47
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Thermo Fisher Scientific 2015-2016 49
Table BD Company Profile 50
Figure Biotechnology Separation Systems Product Picture and introductions of BD 51
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of BD 2015-2016 51
Table Merck Company Profile 52
Figure Biotechnology Separation Systems Product Picture and introductions of Merck 53
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Merck 2015-2016 53
Table GE Healthcare Company Profile 53
Figure Biotechnology Separation Systems Product Picture and introductions of GE Healthcare 54
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of GE Healthcare 2015-2016 55
Table Agilent Company Profile 55
Table Biotechnology Separation Systems Product Picture and introductions of Agilent 56
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Agilent 2015-2016 57
Table Sysmex Company Profile 58
Figure Biotechnology Separation Systems Product Picture and introductions of Sysmex 59
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Sysmex 2015-2016 59
Table Alfa Wassermann Company Profile 60
Figure Biotechnology Separation Systems Product Picture and introductions of Alfa Wassermann 61
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Alfa Wassermann 2015-2016 61
Table Shimadzu Company Profile 62
Figure Biotechnology Separation Systems Product Picture and introductions of Shimadzu 63
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Shimadzu 2015-2016 63
Table Sartorius Stedim Biotech Company Profile 63
Figure Biotechnology Separation Systems Product Picture and introductions of Sartorius Stedim Biotech 64
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Sartorius Stedim Biotech 2015-2016 65
Table Illumina Company Profile 65
Table Biotechnology Separation Systems Product Picture and introductions of Illumina 66
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Illumina 2015-2016 68
Table Waters Company Profile 69
Table Biotechnology Separation Systems Product Picture and introductions of Waters 69
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Waters 2015-2016 71
Table Novasep Company Profile 72
Figure Biotechnology Separation Systems Product Picture and introductions of Novasep 73
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Novasep 2015-2016 73
Table 3M Purification Company Profile 73
Figure Biotechnology Separation Systems Product Picture and introductions of 3M Purification 74
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of 3M Purification 2015-2016 74
Table Affymetrix Company Profile 75
Table Biotechnology Separation Systems Product Picture and introductions of Affymetrix 76
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Affymetrix 2015-2016 78
Table Bio-Rad Laboratories Information List 78
Figure Biotechnology Separation Systems Picture of Bio-Rad Laboratories 79
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Bio-Rad Laboratories 2011-2016 80
Table Alfa Laval Information List 80
Figure Biotechnology Separation Systems Picture of Alfa Laval 81
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Alfa Laval 2011-2016 81
Table PerkinElmer Information List 81
Figure Biotechnology Separation Systems Picture of PerkinElmer 82
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of PerkinElmer 2011-2016 83
Table Repligen Information List 83
Figure Biotechnology Separation Systems Picture of Repligen 84
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Repligen 2011-2016 84
Table Hitachi Koki Information List 85
Figure Biotechnology Separation Systems Picture of Hitachi Koki 86
Table Biotechnology Separation Systems Revenue (M USD), Cost (M USD), Gross (M USD) and Gross Margin of Hitachi Koki 2011-2016 86
Table Key Raw Materials of Membrane Filtration by Membrane Materials 87
Table Raw Material Suppliers of Membrane Filtration 87
Figure 2010-2015 Price Analysis (USD/MT) of PP 89
Figure 2010-2015 Price Analysis (USD/MT) of PE 89
Figure Polyvinylidene Fluoride (PVDF) Price Trend Analysis 2011-2016 90
Table Major Raw Materials Analysis of Chromatography 90
Table Major Raw Materials Price of Chromatography in 2015 91
Table Raw Materials of DNA Microarray 92
Figure 2007-2014 Semiconductor SI Wafers Price (USD/Square Inch) 92
Table Manufacturing Cost Structure of Biotechnology Separation Systems 92
Figure USA Overview of Average Hourly Wages 2015-2016 (USD/Hour) 94
Figure USA Overview of Labor Costs 2013-2016 (110 Index Points) 94
Figure Cost of Employing a Factory Worker 96
Figure 2015 Estimated Labour Costs for the Whole Economy in EuropeR 97
Figure Monthly Minimum Wages in Asia 2016 98
Figure China Overview of Average Yearly Wages 2015-2016 (CNY/Year) 99
Figure Japan Overview of Average Monthly Wages 2015-2016(JPY Thousand/Month) 99
Figure Manufacturing Process Analysis of Membrane Filtration Biotechnology Separation Systems 100
Figure Biotechnology Separation Systems Industrial Chain Analysis 101
Figure Global Revenue Share of Biotechnology Separation Systems by Manufacturers in 2015 102
Table Major Buyers of Biotechnology Separation Systems 103
Figure Marketing Channels of Biotechnology Separation Systems 105
Figure Global Revenue of Biotechnology Separation Systems by Manufacturers in 2016 106
Figure Global Gross Margin of Biotechnology Separation Systems by Manufacturers in 2016 107
Table Distributors/Traders List 107
Figure Global GDP Map 2014 110
Figure EU GDP Change 2005-2014 111
Figure German CPI Change 2011-2015 111
Figure UK CPI Change 2011-2015 112
Figure Japan GDP Change 2005-2014 112
Figure Japan CPI Change 2005-2014 113
Figure China GDP Change 2005-2014 113
Figure China CPI Change 2005-2014 114
Figure China PPI Growth Rate 2005-2014 114
Figure US GDP Change 2005-2014 115
Figure US CPI Change 2011-2015 115
Figure Global Biotechnology Separation Systems Revenue (M USD) and Growth Rate Forecast (2016-2021) 116
Figure Global Biotechnology Separation Systems Gross (Million USD) and Growth Rate Forecast (2016-2021) 117
Table Global Biotechnology Separation Systems Revenue (M USD) Forecast by Regions (2016-2021) 117
Table Global Biotechnology Separation Systems Consumption (M USD) Forecast by Regions (2016-2021) 118
Table Global Biotechnology Separation Systems Revenue (M USD) Forecast by Type (2016-2021) 118
Table Global Biotechnology Separation Systems Consumption (M USD) Forecast by Application (2016-2021) 118
Table Global Biotechnology Separation Systems Gross Margin Forecast by Region (2016-2021) 119
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