Press release
At a (CAGR) of 14.4%, Human Enhancement Market to Reach US$ 190.2 Billion by 2027
Market Overview:
Human enhancement (HE) represents a process of positively augmenting the physical and mental attributes of an individual by utilizing natural, artificial, or technological modifications. It comprises reproductive, physiological, and cognitive enhancements as standard improvements. These augmentations are employed with the support of diverse drugs, hormones, implants, genetic engineering, dietary supplements, and cosmetic surgeries. HE assists in increasing reasoning and memory power, alleviating performance, and improving human health and bodily capabilities by making them more versatile, functional, and productive. Apart from this, HE ensures individual well-being and enhances body integrity and competence levels; thus, is used to treat brain-related conditions and improve the human form.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The rising prevalence of several neurological diseases and the increasing need for effective wearable augmentation devices to restore various physical and psychological attributes are primarily driving the market growth. Additionally, the growing uptake of exoskeletons in rehabilitation centers, nanotechnology, information technology (IT), and cognitive science for diagnosing and treating various diseases is favoring the market growth. Moreover, the growing proliferation of wearable technology with cloud computing solutions to track fitness metrics and the ongoing development of artificial intelligence (AI)-powered applications are propelling the market growth. Furthermore, the extensive usage of bionic lenses for visually impaired individuals and the utilization of HE in the aerospace and defense sector are impelling the market growth. Such solutions are utilized for tracking, gesture control and managing in-flight entertainment and connectivity systems (IFEC). Besides this, the emergence of genetic engineering, neuronal implants, brain-computer interfaces, and three-dimensional (3D) bioprinting is supporting the market growth.
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Key Market Segmentation:
Competitive Landscape:
BrainGate
B-Temia Inc
Ekso Bionics
Google LLC
Magic Leap Inc
Raytheon Technologies Corporation
ReWalk Robotics Ltd
Samsung Electronics Co. Ltd.
Second Sight Medical Products Inc.
Vuzix Corporation.
Market Breakup by Product:
Exoskeleton
Smart Devices
Medical Devices
Implants
Others
Market Breakup by Device Type:
Body Worn
Non-Body Worn
Market Breakup by End User:
Healthcare
Defense
Information Technology
Others
Market Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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