Human Augmentation Market Set to Reach USD 1,404.43 billion by 2034, Driven by CAGR of 26.80% | Data Bridge Market Research

All of the top players' and brands' company profiles are thoroughly covered in the universal Human Augmentation Market study. The study's projected compound annual growth rate (CAGR) in percentage terms for a given time frame will assist the keyword market industry in making decisions based on future data. The market's consumption and sales are thoroughly examined in this study, which also highlights the leading companies in terms of sales, pricing, revenue, and market share (volume and value) in each region. The extensive Human Augmentation industry study explains the actions of leading companies and competitors in the industry, covering topics such as product launches, acquisitions, mergers, joint ventures, company policies, and popular innovations.

Explore Further Details about This Research Human Augmentation Market Report https://www.databridgemarketresearch.com/reports/global-human-augmentation-market

The human augmentation market will see significant growth during the forecast period. This is attributed to the advent of the AI-powered wearable devices and advancements in technology such as the availability of the fast-processing chipsets and sensors being miniaturized. Moreover, Wearable devices are anticipated to account for the largest share of the human augmentation market during the forecast period owing to increasing usage of wearable devices to monitor fitness and health parameters.

Data Bridge Market Research analyses that the human augmentation market is expected to reach USD 1,404.43 billion by 2030, which is USD 210.16 billion in 2022, registering a CAGR of 26.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Human augmentations generally focus on creating physical and cognitive improvements to increase human capability and productivity with improved health and quality of life. The implants or devices plays important role in human productivity such as orthotics and limb devices having augmentation enhance the motion and improves muscle capability.

Drivers

Rising development of technologies in human augmentation market

One of the major trend in the human augmentation market is the development of the new and advanced technologies which can be used to increase the functions of the human body without the requirement for any surgery or implants. For instance, the development of the exoskeletons increases the body's endurance and strength and improves the brain's function, such as brain-computer interfaces. Therefore, rising development of technologies in human augmentation market is expected to drive the market growth rate.

Increasing demand for wearable devices

Increasing awareness regarding the therapeutic applications of wearable devices is expected to drive the growth of the market. There is a development in the usage of the wearable devices for monitoring the fitness and health parameters is one of the biggest contributing factor for the growth of the market. The development of the advanced sensor technology and the miniaturized multifunctional ICs has facilitated the development of the lucrative wearable devices which have all the applications required by consumer. Therefore, increasing demand for wearable devices is expected to drive the market growth rate.

Recent Development

In 2022, Wandercraft, a Paris-based business,raised USD 45 million to increase the commercialization of self-balancing exoskeleton. This achieves self-balancing by using algorithms that keep the machine in appropriate equilibrium while the person moves. The new model, which is used in hospitals, costs around €150k to €200k, and 14 institutions in Europe now own it.
In 2022, Japanese researchers developed 'sixth finger' robotic for human augmentation. A robotic "sixth finger" that can be worn on the hand next to the pinky has been made by specialists which is concentrating on how brains respond to new and free body parts. Four sensors attached to the lower arm first assess electrical signals from muscles. The signals are then moved to an engine to
In 2022, DASA launched a new innovation to explore Generation-After-Next human augmentation technologies for use in security and defense. DASA is pleased to launch an innovation Focus Area (IFA) named Human Augmentation (HA). It is looking for an IFA proposal that launches GAN solutions to UK security and defense challenges, where human performance is the limiting factor for offering operational impact.
In 2021, Aetna announced that it is expanding its cover of gender-affirming processes to include breast augmentation for transgendered people. In November, the insurer Manulife Financial Corp. stated that its transgender workers in Canada and the United States would be qualified for certain operations and treatments, including breast augmentation, under certain conditions.
Global Human Augmentation Market Scope

The human augmentation market is segmented on the basis of type, product, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

In-Built
Wearable

Product

Body Worn
Non-body Worn

Technology

Wearable
Virtual Reality
Augmented Reality
Exoskeleton
Intelligent Virtual Assistants

 Application

Medical
HealthCare
Defense
Industrial
Others

Some of the major players operating in the human augmentation market are:

SAMSUNG (South Korea)
Panasonic Corporation (Japan)
PARKER HANNIFIN CORP (U.S.)
General Motors (U.S.)
Microsoft (U.S.)
Google (U.S.)
FOSSIL GROUP (U.S.)
Raytheon Technologies Corporation (U.S.)
TOYOTA MOTOR CORPORATION (Japan)
Garmin Ltd (U.S.)
Life Sense Group (Netherlands)
ReWalk Robotics (Israel)
Ekso Bionics, (U.S.)
Atheer, Inc (U.S.)
B-Temia (Canada)

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