Biohacking Market by Fitbit, Apple, Synbiota, THE ODIN, HVMN, Inc. and More by Size and Shares Forecasts Till 2023

International Biohacking Market is Growing with Rapid pace. Report titled “Biohacking Market Research Report - Global forecast till 2023” is an expert analysis report gives size, shares and revenue of Historical and Forecasts Data.

The Global Biohacking Market is expected to grow at a CAGR of 19.42% during the forecast period. The Global Biohacking Industry is mainly driven by rising awareness about biohacking, increasing prevalence of chronic diseases, and extensive demand smart devices and drugs across the globe. Furthermore, presence of prominent market players also influences the growth of the market. However, the market growth of the market is restrained by lack of cyber security practices.

The Biohacking Market is growing due to an increase in demand for innovative products, growing emphasis on biosafety and biosecurity, and overall demand of effective and efficient treatment solutions in healthcare. Also, personalized care will also propel the market growth. The market is expected to show growth potential in the developed countries owing to the rise in the per capita income of the population, and availability of resources for research activities. Major restrains for the growth of this market is restrict regulations governing the genetic engineering experiments, lack of funds available for research and lack of expertise. However, there is still a need for increasing awareness about biohacking among the developing regions across the globe.

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Countries in Asia Pacific such as India, and Australia show growth potential owing to the availability of highly qualified and skilled workforce in the field of research and improving macroeconomic conditions. In Africa, primary care is one of the basic needs of people, demanding technologically advanced device for delivery of care in remote areas. All these need could to be fulfilled through scientific and technological approaches involving biohacking, thus making the lives of the people easier in this region. Therefore, tremendous demand for affordable healthcare technology, determines the growth of market in Africa.

Top Players Mentioned in Biohacking Market:

Synbiota, HVMN, Inc., MoodMetric, Thync Global Inc., U.S.A., Interaxon, BEHAVIORAL TECHNOLOGY GROUP, INC., THE ODIN, 32MARKET.COM, 23andMe, Inc. and BULLETPROOF 360, INC. Majority of the players are concentrated in the American countries.  These players also manufacture DIY biology kits to help researchers setup their labs and carry out experiments. For Instance, Companies such as 23andMe provide direct-to-consumer genetics that with just a saliva drop provides consumers with access to personal health data. Number of key players carry out biohacking awareness drives to help the adults understand the basics to biohacking and encourage new inventions.

Regional Analysis of the Global Biohacking Market:

Americas hold the significant market share in biohacking owing the presence of large number of biotechnology and synthetic biology companies engaged in the product of innovative products. Many of these companies manufacturing bacterial strains, lab equipment’s and accessories used in hacklabs. Large number of conferences are organized by a number of biohacking groups and organizations encouraging the youth to do research in the field of biotechnology.

Europe is regarded as the second largest market for biohacking. In Europe, the market for biohacking is found to be growing steadily. The major restrain for the growth of this market in the Europe is strict regulations governing biohacking. For instance, European groups need to obtain license from the government to carry out genetic engineering experiments.

Asia Pacific region is expected to grow at a steady rate owing to an increasing demand for smart devices and sensor, rising prevalence of chronic diseases such as cardiovascular diseases, diabetes, neurological diseases, and growth of healthcare industry in the market. As per the WHO, cardiovascular diseases are of the major cause of mortality in India. In 2015, there were nearly 30 million heart patients and the burden is expected to increase in the further, surpassing other countries across the globe. Additionally, diabetes is another major chronic disease among the geriatric population in Asia Pacific.

Middle East & Africa show slow growth in the biohacking market. The market is driven by increasing demand for smart devices, changing lifestyle, and rising prevalence of obesity, diabetes and cardiovascular diseases. Egypt, United Arab Emirates (UAE), Kuwait, and Saudi Arabia have high prevalence of obesity. Furthermore, prevalence of obesity in found to be high among adults and children, which is of great concern. However, technology penetration is found to low in various parts for Africa. Biohack.ae is company currently working on biohacking which manufactures supplements, mushrooms, MCT oils and healthy fats, smart drugs, proteins, and coffee.

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MAJOR TABLE OF CONTENTS FOR BIOHACKING MARKET RESEARCH REPORT - GLOBAL FORECAST TILL 2023:

1  Report Prologue$ 1,350.00

2  Market Introduction$ 0.00

2.1 Introduction 19

2.2 Scope Of Study 19

2.3 Research Objective 20

2.4 Assumptions & Limitations 20

2.4.1 Assumptions 20

2.4.2 Limitations 20

2.5 Market Structure 21

3  Research Methodology$ 0.00

3.1.1 Primary Research Methodology 23

3.1.2 Secondary Research Methodology 24

3.1.3 Market Share Analysis 25

3.1.4 Trade Analysis 25

3.2 Forecast Model 26

4  Market Dynamics$ 950.00

4.1 Introduction 27

4.2 Drivers 28

4.2.1 Rising Prevalence Of Chronic Disease (45%) 28

4.2.2 Growing Awareness About Biohacking (25%) 29

4.2.3 Increasing Demand For Innovative Medical Devices And Sensors (30%) 30

4.3 Restraints 31

4.3.1 Lack Of Cyber Security Practices 31

4.4 Opportunities 32

4.4.1 Technological Advancement 32

4.5 Mega Trends 32

4.5.1 Exploration Of Future Biohacking Products On Rise 32

4.6 Macroeconomic Indicators 33

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