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Global Toxoid Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

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Date: 04-Mar-2020
No. of pages: 106

Market Overview

The global Toxoid market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019.

The Toxoid market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

Market segmentation

Toxoid market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

By Type, Toxoid market has been segmented into

- Tetanic Toxoid

- Diphtheria Toxoid

- Others

By Application, Toxoid has been segmented into:

- Hospitals

- Clinics

- Others

Regions and Countries Level Analysis

Regional analysis is another highly comprehensive part of the research and analysis study of the global Toxoid market presented in the report. This section sheds light on the sales growth of different regional and country-level Toxoid markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Toxoid market.

The report offers in-depth assessment of the growth and other aspects of the Toxoid market in important countries (regions), including:

- North America (United States, Canada and Mexico)

- Europe (Germany, France, UK, Russia and Italy)

- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

- South America (Brazil, Argentina, etc.)

- Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)

Competitive Landscape and Toxoid Market Share Analysis

Toxoid competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Toxoid sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Toxoid sales, revenue and market share for each player covered in this report.

The major players covered in Toxoid are:

- Biocompare

- Sanofi

- GSK

- Zoetis

- Merck

Among other players domestic and global, Toxoid market share data is available for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. Global Info Research analysts understand competitive strengths and provide competitive analysis for each competitor separately.

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Toxoid product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of Toxoid, with price, sales, revenue and global market share of Toxoid in 2018 and 2019.

Chapter 3, the Toxoid competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Toxoid breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.

Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.

Chapter 12, Toxoid market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.

Chapter 13, 14 and 15, to describe Toxoid sales channel, distributors, customers, research findings and conclusion, appendix and data source.

Global Toxoid Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Table of Contents

1 Market Overview
1.1 Toxoid Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Toxoid Revenue by Type: 2015 VS 2019 VS 2025
1.2.2 Tetanic Toxoid
1.2.3 Diphtheria Toxoid
1.2.4 Others
1.3 Market Analysis by Application
1.3.1 Overview: Global Toxoid Revenue by Application: 2015 VS 2019 VS 2025
1.3.2 Hospitals
1.3.3 Clinics
1.3.4 Others
1.4 Overview of Global Toxoid Market
1.4.1 Global Toxoid Market Status and Outlook (2015-2025)
1.4.2 North America (United States, Canada and Mexico)
1.4.3 Europe (Germany, France, United Kingdom, Russia and Italy)
1.4.4 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.5 South America, Middle East & Africa
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1 Biocompare
2.1.1 Biocompare Details
2.1.2 Biocompare Major Business and Total Revenue (Financial Highlights) Analysis
2.1.3 Biocompare SWOT Analysis
2.1.4 Biocompare Product and Services
2.1.5 Biocompare Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.2 Sanofi
2.2.1 Sanofi Details
2.2.2 Sanofi Major Business and Total Revenue (Financial Highlights) Analysis
2.2.3 Sanofi SWOT Analysis
2.2.4 Sanofi Product and Services
2.2.5 Sanofi Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.3 GSK
2.3.1 GSK Details
2.3.2 GSK Major Business and Total Revenue (Financial Highlights) Analysis
2.3.3 GSK SWOT Analysis
2.3.4 GSK Product and Services
2.3.5 GSK Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.4 Zoetis
2.4.1 Zoetis Details
2.4.2 Zoetis Major Business and Total Revenue (Financial Highlights) Analysis
2.4.3 Zoetis SWOT Analysis
2.4.4 Zoetis Product and Services
2.4.5 Zoetis Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.5 Merck
2.5.1 Merck Details
2.5.2 Merck Major Business and Total Revenue (Financial Highlights) Analysis
2.5.3 Merck SWOT Analysis
2.5.4 Merck Product and Services
2.5.5 Merck Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
3 Sales, Revenue and Market Share by Manufacturer
3.1 Global Toxoid Sales and Market Share by Manufacturer (2018-2019)
3.2 Global Toxoid Revenue and Market Share by Manufacturer (2018-2019)
3.3 Market Concentration Rate
3.3.1 Top 3 Toxoid Manufacturer Market Share in 2019
3.3.2 Top 6 Toxoid Manufacturer Market Share in 2019
3.4 Market Competition Trend
4 Global Market Analysis by Regions
4.1 Global Toxoid Sales, Revenue and Market Share by Regions
4.1.1 Global Toxoid Sales and Market Share by Regions (2015-2020)
4.1.2 Global Toxoid Revenue and Market Share by Regions (2015-2020)
4.2 North America Toxoid Sales and Growth Rate (2015-2020)
4.3 Europe Toxoid Sales and Growth Rate (2015-2020)
4.4 Asia-Pacific Toxoid Sales and Growth Rate (2015-2020)
4.5 South America Toxoid Sales and Growth Rate (2015-2020)
4.6 Middle East and Africa Toxoid Sales and Growth Rate (2015-2020)
5 North America by Country
5.1 North America Toxoid Sales, Revenue and Market Share by Country
5.1.1 North America Toxoid Sales and Market Share by Country (2015-2020)
5.1.2 North America Toxoid Revenue and Market Share by Country (2015-2020)
5.2 United States Toxoid Sales and Growth Rate (2015-2020)
5.3 Canada Toxoid Sales and Growth Rate (2015-2020)
5.4 Mexico Toxoid Sales and Growth Rate (2015-2020)
6 Europe by Country
6.1 Europe Toxoid Sales, Revenue and Market Share by Country
6.1.1 Europe Toxoid Sales and Market Share by Country (2015-2020)
6.1.2 Europe Toxoid Revenue and Market Share by Country (2015-2020)
6.2 Germany Toxoid Sales and Growth Rate (2015-2020)
6.3 UK Toxoid Sales and Growth Rate (2015-2020)
6.4 France Toxoid Sales and Growth Rate (2015-2020)
6.5 Russia Toxoid Sales and Growth Rate (2015-2020)
6.6 Italy Toxoid Sales and Growth Rate (2015-2020)
7 Asia-Pacific by Regions
7.1 Asia-Pacific Toxoid Sales, Revenue and Market Share by Regions
7.1.1 Asia-Pacific Toxoid Sales and Market Share by Regions (2015-2020)
7.1.2 Asia-Pacific Toxoid Revenue and Market Share by Regions (2015-2020)
7.2 China Toxoid Sales and Growth Rate (2015-2020)
7.3 Japan Toxoid Sales and Growth Rate (2015-2020)
7.4 Korea Toxoid Sales and Growth Rate (2015-2020)
7.5 India Toxoid Sales and Growth Rate (2015-2020)
7.6 Southeast Asia Toxoid Sales and Growth Rate (2015-2020)
7.7 Australia Toxoid Sales and Growth Rate (2015-2020)
8 South America by Country
8.1 South America Toxoid Sales, Revenue and Market Share by Country
8.1.1 South America Toxoid Sales and Market Share by Country (2015-2020)
8.1.2 South America Toxoid Revenue and Market Share by Country (2015-2020)
8.2 Brazil Toxoid Sales and Growth Rate (2015-2020)
8.3 Argentina Toxoid Sales and Growth Rate (2015-2020)
9 Middle East & Africa by Countries
9.1 Middle East & Africa Toxoid Sales, Revenue and Market Share by Country
9.1.1 Middle East & Africa Toxoid Sales and Market Share by Country (2015-2020)
9.1.2 Middle East & Africa Toxoid Revenue and Market Share by Country (2015-2020)
9.2 Saudi Arabia Toxoid Sales and Growth Rate (2015-2020)
9.3 Turkey Toxoid Sales and Growth Rate (2015-2020)
9.4 Egypt Toxoid Sales and Growth Rate (2015-2020)
9.5 South Africa Toxoid Sales and Growth Rate (2015-2020)
10 Market Segment by Type
10.1 Global Toxoid Sales and Market Share by Type (2015-2020)
10.2 Global Toxoid Revenue and Market Share by Type (2015-2020)
10.3 Global Toxoid Price by Type (2015-2020)
11 Global Toxoid Market Segment by Application
11.1 Global Toxoid Sales Market Share by Application (2015-2020)
11.2 Global Toxoid Revenue Market Share by Application (2015-2020)
11.3 Global Toxoid Price by Application (2015-2020)
12 Market Forecast
12.1 Global Toxoid Sales, Revenue and Growth Rate (2021-2025)
12.2 Toxoid Market Forecast by Regions (2021-2025)
12.2.1 North America Toxoid Market Forecast (2021-2025)
12.2.2 Europe Toxoid Market Forecast (2021-2025)
12.2.3 Asia-Pacific Toxoid Market Forecast (2021-2025)
12.2.4 South America Toxoid Market Forecast (2021-2025)
12.2.5 Middle East & Africa Toxoid Market Forecast (2021-2025)
12.3 Toxoid Market Forecast by Type (2021-2025)
12.3.1 Global Toxoid Sales Forecast by Type (2021-2025)
12.3.2 Global Toxoid Market Share Forecast by Type (2021-2025)
12.4 Toxoid Market Forecast by Application (2021-2025)
12.4.1 Global Toxoid Sales Forecast by Application (2021-2025)
12.4.2 Global Toxoid Market Share Forecast by Application (2021-2025)
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Data Source
15.3 Disclaimer
15.4 About US

List of Tables

Table 1. Global Toxoid Revenue (USD Million) by Type: 2015 VS 2019 VS 2025
Table 2. Breakdown of Toxoid by Company Type (Tier 1, Tier 2 and Tier 3)
Table 3. Global Toxoid Revenue (USD Million) by Application: 2015 VS 2019 VS 2025
Table 4. Market Opportunities in Next Few Years
Table 5. Market Risks Analysis
Table 6. Market Drivers
Table 7. Biocompare Basic Information, Manufacturing Base and Competitors
Table 8. Biocompare Toxoid Major Business
Table 9. Biocompare Toxoid Total Revenue (USD Million) (2018-2019)
Table 10. Biocompare SWOT Analysis
Table 11. Biocompare Toxoid Product and Services
Table 12. Biocompare Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 13. Sanofi Basic Information, Manufacturing Base and Competitors
Table 14. Sanofi Toxoid Major Business
Table 15. Sanofi Toxoid Total Revenue (USD Million) (2018-2019)
Table 16. Sanofi SWOT Analysis
Table 17. Sanofi Toxoid Product and Services
Table 18. Sanofi Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 19. GSK Basic Information, Manufacturing Base and Competitors
Table 20. GSK Toxoid Major Business
Table 21. GSK Toxoid Total Revenue (USD Million) (2018-2019)
Table 22. GSK SWOT Analysis
Table 23. GSK Toxoid Product and Services
Table 24. GSK Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 25. Zoetis Basic Information, Manufacturing Base and Competitors
Table 26. Zoetis Toxoid Major Business
Table 27. Zoetis Toxoid Total Revenue (USD Million) (2018-2019)
Table 28. Zoetis SWOT Analysis
Table 29. Zoetis Toxoid Product and Services
Table 30. Zoetis Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 31. Merck Basic Information, Manufacturing Base and Competitors
Table 32. Merck Toxoid Major Business
Table 33. Merck Toxoid Total Revenue (USD Million) (2018-2019)
Table 34. Merck SWOT Analysis
Table 35. Merck Toxoid Product and Services
Table 36. Merck Toxoid Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 37. Global Toxoid Sales by Manufacturer (2018-2019) (K Units)
Table 38. Global Toxoid Revenue by Manufacturer (2018-2019) (USD Million)
Table 39. Global Toxoid Sales by Regions (2015-2020) (K Units)
Table 40. Global Toxoid Sales Market Share by Regions (2015-2020)
Table 41. Global Toxoid Revenue by Regions (2015-2020) (USD Million)
Table 42. North America Toxoid Sales by Countries (2015-2020) (K Units)
Table 43. North America Toxoid Sales Market Share by Countries (2015-2020)
Table 44. North America Toxoid Revenue by Countries (2015-2020) (USD Million)
Table 45. North America Toxoid Revenue Market Share by Countries (2015-2020)
Table 46. Europe Toxoid Sales by Countries (2015-2020) (K Units)
Table 47. Europe Toxoid Sales Market Share by Countries (2015-2020)
Table 48. Europe Toxoid Revenue by Countries (2015-2020) (USD Million)
Table 49. Asia-Pacific Toxoid Sales by Regions (2015-2020) (K Units)
Table 50. Asia-Pacific Toxoid Sales Market Share by Regions (2015-2020)
Table 51. Asia-Pacific Toxoid Revenue by Regions (2015-2020) (USD Million)
Table 52. South America Toxoid Sales by Countries (2015-2020) (K Units)
Table 53. South America Toxoid Sales Market Share by Countries (2015-2020)
Table 54. South America Toxoid Revenue by Countries (2015-2020) (USD Million)
Table 55. South America Toxoid Revenue Market Share by Countries (2015-2020)
Table 56. Middle East & Africa Toxoid Sales by Countries (2015-2020) (K Units)
Table 57. Middle East & Africa Toxoid Sales Market Share by Countries (2015-2020)
Table 58. Middle East & Africa Toxoid Revenue by Countries (2015-2020) (USD Million)
Table 59. Middle East & Africa Toxoid Revenue Market Share by Countries (2015-2020)
Table 60. Global Toxoid Sales by Type (2015-2020) (K Units)
Table 61. Global Toxoid Sales Share by Type (2015-2020)
Table 62. Global Toxoid Revenue by Type (2015-2020) (USD Million)
Table 63. Global Toxoid Revenue Share by Type (2015-2020)
Table 64. Global Toxoid Sales by Application (2015-2020) (K Units)
Table 65. Global Toxoid Sales Share by Application (2015-2020)
Table 66. Global Toxoid Sales Forecast by Regions (2021-2025) (K Units)
Table 67. Global Toxoid Market Share Forecast by Regions (2021-2025)
Table 68. Global Toxoid Sales Forecast by Type (2021-2025) (K Units)
Table 69. Global Toxoid Market Share Forecast by Type (2021-2025)
Table 70. Global Toxoid Sales Forecast by Application (2021-2025)
Table 71. Global Toxoid Market Share Forecast by Application (2021-2025)
Table 72. Direct Channel Pros & Cons
Table 73. Indirect Channel Pros & Cons
Table 74. Distributors/Traders/ Dealers List

List of Figures

Figure 1. Toxoid Picture
Figure 2. Global Sales Market Share of Toxoid by Type in 2019
Figure 3. Tetanic Toxoid Picture
Figure 4. Diphtheria Toxoid Picture
Figure 5. Others Picture
Figure 6. Toxoid Sales Market Share by Application in 2018
Figure 7. Hospitals Picture
Figure 8. Clinics Picture
Figure 9. Others Picture
Figure 10. Global Toxoid Market Status and Outlook (2015-2025) (USD Million)
Figure 11. United States Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 12. Canada Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 13. Mexico Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 14. Germany Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 15. France Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 16. UK Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 17. Russia Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 18. Italy Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 19. China Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 20. Japan Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 21. Korea Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 22. India Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 23. Southeast Asia Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 24. Australia Toxoid Revenue (Value) and Growth Rate (2015-2025) (USD Million)
Figure 25. Brazil Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 26. Egypt Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 27. Saudi Arabia Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 28. South Africa Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 29. Turkey Toxoid Revenue (Value) and Growth Rate (2015-2025)
Figure 30. Global Toxoid Sales Market Share by Manufacturer in 2019
Figure 31. Global Toxoid Revenue Market Share by Manufacturer in 2019
Figure 32. Top 3 Toxoid Manufacturer (Revenue) Market Share in 2019
Figure 33. Top 6 Toxoid Manufacturer (Revenue) Market Share in 2019
Figure 34. Key Manufacturer Market Share Trend
Figure 35. Global Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 36. Global Toxoid Revenue and Growth Rate (2015-2020) (USD Million)
Figure 37. Global Toxoid Revenue Market Share by Regions (2015-2020)
Figure 38. Global Toxoid Revenue Market Share by Regions in 2018
Figure 39. North America Toxoid Sales and Growth Rate (2015-2020)
Figure 40. Europe Toxoid Sales and Growth Rate (2015-2020)
Figure 41. Asia-Pacific Toxoid Sales and Growth Rate (2015-2020)
Figure 42. South America Toxoid Sales and Growth Rate (2015-2020)
Figure 43. Middle East & Africa Toxoid Sales and Growth Rate (2015-2020)
Figure 44. North America Toxoid Revenue and Growth Rate (2015-2020) (USD Million)
Figure 45. North America Toxoid Sales Market Share by Countries (2015-2020)
Figure 46. North America Toxoid Sales Market Share by Countries in 2018
Figure 47. North America Toxoid Revenue Market Share by Countries (2015-2020) (USD Million)
Figure 48. North America Toxoid Revenue Market Share by Countries in 2018
Figure 49. United States Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 50. Canada Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 51. Mexico Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 52. Europe Toxoid Revenue and Growth Rate (2015-2020) (USD Million)
Figure 53. Europe Toxoid Revenue Market Share by Countries (2015-2020)
Figure 54. Europe Toxoid Revenue Market Share by Countries in 2019
Figure 55. Germany Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 56. UK Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 57. France Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 58. Russia Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 59. Italy Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 60. Asia-Pacific Toxoid Revenue and Growth Rate (2015-2020) (USD Million)
Figure 61. Asia-Pacific Toxoid Sales Market Share by Regions 2019
Figure 62. Asia-Pacific Toxoid Revenue Market Share by Regions 2019
Figure 63. China Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 64. Japan Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 65. Korea Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 66. India Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 67. Southeast Asia Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 68. South America Toxoid Revenue and Growth Rate (2015-2020) (USD Million)
Figure 69. South America Toxoid Sales Market Share by Countries in 2019
Figure 70. South America Toxoid Revenue Market Share by Countries in 2019
Figure 71. Brazil Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 72. Argentina Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 73. Middle East and Africa Toxoid Revenue and Growth Rate (2015-2020) (USD Million)
Figure 74. Middle East and Africa Toxoid Sales Market Share by Countries in 2019
Figure 75. Middle East and Africa Toxoid Revenue Market Share by Countries (2015-2020)
Figure 76. Middle East and Africa Toxoid Revenue Market Share by Countries in 2019
Figure 77. Saudi Arabia Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 78. Egypt Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 79. Turkey Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 80. South Africa Toxoid Sales and Growth Rate (2015-2020) (K Units)
Figure 81. Global Toxoid Sales and Growth Rate (2021-2025) (K Units)
Figure 82. Global Toxoid Revenue and Growth Rate (2021-2025) (USD Million)
Figure 83. North America Sales Toxoid Market Forecast (2021-2025) (K Units)
Figure 84. Europe Sales Toxoid Market Forecast (2021-2025) (K Units)
Figure 85. Asia-Pacific Sales Toxoid Market Forecast (2021-2025) (K Units)
Figure 86. South America Sales Toxoid Market Forecast (2021-2025) (K Units)
Figure 87. Middle East & Africa Sales Toxoid Market Forecast (2021-2025) (K Units)
Figure 88. Sales Channel: Direct Channel vs Indirect Channel
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