Human Augmentation Market is Set to Experience Revolutionary Growth by 2018 – 2025

Market Scenario:
Human augmentation also termed as human enhancement technology is the combination of nanotechnology, biotechnology, information technology and cognitive science. This technology was primarily meant to improve the human productivity through natural or artificial means. Advent in the field of Information technology has facilitated various means of transplantation thus helped in overcoming the human limitation. The primary area where human augmentation is applied includes: bionics and prosthetics, brain computer interface, and neurotechnology.

Increased adoption of wearable technology in the healthcare sector forms the significant factor in the propelling the market growth. High investment in the research and development sector has led to the development in healthcare sector thereby contributing in the growth of human augmentation market. For instance: Kernel, a neurotechnology company focused in the development of interface for better understanding about neurological diseases announced its expansion in the field of human intelligence by combining the neuroprosthetics and brain augmentation to improve the mental functions and treat disorders. Advancement in the field of sensor technologies has also contributed in boosting the human enhancement market. However, lack of skilled personnel and high cost of equipment is mainly hampering the growth of market.

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Market Segmentation:
The human enhancement market is segmented on the basis of following factors such as: application and wearable augmentation. The wearable augmentation can further be segmented as: eyewear, foot-wear, neck –wear, body wear and others. The eyewear segment includes the products like Google glasses, smart lens and products while neck wear includes the technology embedded in ornaments, jewellery and ties. The body wear includes clothing embedded with sensors for health monitoring. Human augmentation is primarily adopted by the sectors such as medical, defence and others.

Regional Analysis:
Based on the geographical regions covered the market is analysed across: North America, Europe, Asia Pacific and Latin America, Middle East and Africa (LAMEA). Technological advancement and rapid adoption of wearable technology is mainly driving the growth of North America, while increased concern towards the healthcare and presence of electronic manufacturing hubs playing a considerable role in the technology enhancement is influencing growth of Asia Pacific in a positive manner.

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Competitive Analysis:
The major players in the human augmentation market are: B-Temia Inc. , Braingate Company , Ekso Bionics Holdings, Inc. , Google Inc. , Magic Leap Inc. , Raytheon Company , Rewalk Robotics Ltd. , Samsung Electronics Co. Ltd. , Second Sight Medical Products, Inc. , Vuzix Corporation. B-Temia Inc is regarded as the major player in the human enhancement market owing to its registered trademark Dermoskeleton TM technology which helps in the improvement of mobility and strength with the applications in medicine, military and industries. The innovative product Google glass also known as third eye which provides the advance feature of thermal /night vision.

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This release was published on openPR.