Human Augmentation Market Analysis , Top Companies , Scope ,Demand , Opportunity Till 2032 With a CAGR of 21.2%

Human Augmentation Market Outlook (2022-2032)

The global human augmentation market is likely to increase from a valuation of US$ 160 Bn in 2022 to US$ 1,100 Bn by the end of 2032. The industry is expected to surge ahead at a noteworthy CAGR of 21.2% through 2032, with North America leading the growth of the global market.

How is the Human Augmentation Market Evolving?
"Rising Demand for Wearable Augmentation Products"

At present, there is a noticeable increase in the demand for wearable augmentation products around the world. In addition, growing awareness related to therapeutic applications of different medical wearable products is also likely to serve as one of the pivotal factors to bolster growth avenues in the global market. Sensor technologies have undergone many technological advancements that are estimated to increase the adoption of the solutions from the industry and thus propel expansion avenues in the market.

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"Frequent Product Launches by Market Players"

Players serving in the global market are adopting numerous strategies to generate novel growth opportunities in the market. For instance, the rising count of mergers and acquisitions among healthcare IT companies is predicted to ensure effective services to consumers and thus drive novel demand opportunities in the market.

The industry players are also involved in rapid product launches. The motive of this initiative is to provide satisfactory outcomes to targeted consumers and thus create novel growth avenues in the market.

What is a Major Issue in This Market Space?
"Dearth of Skilled IT Professionals"

There is a lack of proficient IT professionals that can operate solutions from the market. Moreover, the requirement for the high cost to purchase equipment is also expected to restrict growth opportunities in the human augmentation market in the coming years. The imposition of some stringent regulations to provide approval to augmentation devices and some other concerns related to legal and social affairs are also anticipated to inhibit growth opportunities in the market.

Which Regional Market Dominates Human Augmentation Revenue Generation?

"Increased Demand for Augmentation Products and Improved Economy in North America"

Among six regional areas, where the human augmentation market is spread, North America is likely to dominate in the coming years. There is a noticeable increase in the demand for augmentation products across the region. In addition, an improved regional economy and technological advancements that are taking place in medical wearable products are also predicted to bolster growth opportunities in the market.

The U.S., among other regional countries, is likely to hold the largest share in the regional market and it is further followed by Canada. The U.K., France, and Germany are the key nations from the European region that are predicted to stimulate novel demand opportunities in the regional market.

Recent Industry Development

Samsung Electronics Co., Ltd. (South Korea), in August 2021 launched 4 Classic and Galaxy Watch4 in the Galaxy Watch Series. These newly launched products consist of a novel Samsung BioActive Sensor, which further enables measuring various body composition parameters, for instance, water levels and fat percentage in real-time.

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Human Augmentation Overview

Human augmentation is a very soft and ductile metal that oxidizes very easily in human augmentation, also known as Human 2.0, refers to technologies that are used for bringing physical improvement in the integral parts of the human body. Technological advancements in IT have led to the introduction of a greater variety of implants and other technologies, which are used for human augmentation. In addition, genetically engineered human technologies also play an important role in the treatment of various diseases and disabilities.

Market Segmentation

The global human augmentation market is categorized based on various types of products and applications. Based on products, the report covers wearable augmentation products and in-built augmentation products. The wearable augmentation product segment accounts for the largest market share in the global human augmentation system.

The wearable augmentation product segment is further sub-segmented into eye-wear, wrist-wear, neck-wear, foot-wear, body-wear, and others. Major eye-wear products include smart contact lenses, Helmet-Mounted Display (HMD), Head-Up Display (HUD), and Google glass. The wrist-wear sub-segment is further subdivided into wristbands and watches.

Major neck-wear products include ties and collars and ornaments and precious metals. The body-wear sub-segment is further sub-segmented into arm and legwear and clothing and innerwear. Other category includes smart headsets, smart socks, and smart rings. Eye-wear and wrist-wear sub-segments hold the largest market share in the global human augmentation market. Based on applications, the report covers the health care, industrial, and defense industries.

Key Market Players

Major companies operating in this market are 

• Second Sight Medical Products, Inc.
• B-Temia Inc.
• Vuzix Corporation
• Braingate Company
• Samsung Electronics Co. Ltd.
• Ekso Bionics Holdings, Inc.
• Rewalk Robotics Ltd.
• Google Inc.
• Raytheon Company
• Magic Leap, Inc.

Human Augmentation Industry Research by Category

By Product Type:
• Wearable Augmentation Products
• In-built Augmentation Products
By Functionality:
• Body-worn
• Non-body-worn
By Application:
• Healthcare
• Defense
• Industrial
By Region:
• North America
• Europe
• Latin America
• East Asia
• The Middle East & Africa
• South Asia & Pacific

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