Press release
Global Biohacking Market Projected to Surpass $109.46 Billion by 2029 with 24.8% Annual Growth
What combination of drivers is leading to accelerated growth in the biohacking market?The biohacking market's growth is anticipated to be driven by the escalating prevalence of chronic diseases. Chronic illnesses or conditions usually persist for a minimum of three months and carry the risk of worsening as time progresses. Biohacking techniques such as enhancing body nutrition, practising intermittent fasting, undergoing hydrogen inhalation therapy, among others, have been found effective in combating cancer and other chronic diseases. For example, data from the National Centre for Biotechnology Information (NCBI), a branch of the US-based National Library of Medicine, in January 2023 predicted that by 2050, the count of individuals aged 50 years and above suffering from at least one chronic disease would skyrocket by 99.5%, increasing from 71.522 million in 2020 to 142.66 million. Consequently, the amplified prevalence of chronic diseases is acting as a growth catalyst for the biohacking market.
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What is the projected compound annual growth rate (CAGR) of the biohacking market from 2025 to 2034, and what factors influence it?
In recent years, the biohacking market size has seen a significant surge. Its progression is predicted to rise from $36.61 billion in 2024 to $45.16 billion in 2025, with a compound annual growth rate (CAGR) of 23.4%. The expansion observed in the historic period is due to a rise in health consciousness, availability of information, a thriving entrepreneurial environment, and the movement towards self-quantification.
In the coming years, the biohacking market is predicted to undergo substantial growth, anticipated to reach $109.46 billion by 2029, with a compound annual growth rate (CAGR) of 24.8%. This projected escalation during the forecast period can be ascribed to factors such as the emphasis on longevity and anti-aging, the utilization of nootropics and cognitive enhancement, widespread acceptance, corporate health programs, and the regulatory scenario. Key trends predicted for the forecast period consist of biohacking for extending lifespan and anti-aging, gadgets and devices related to biohacking, use of nootropics and cognitive enhancers, biohacking for sleep improvement, and the application of genetic editing and CRISPR technology.
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How are the latest trends influencing the growth of the biohacking market?
The emergence of product advancement is a primary trend that's gaining traction in the biohacking market. The principal companies in this industry are concentrating on innovative product enhancements to solidify their market standing. For example, Velovita, a biohacking solutions provider from the United States, launched a dietary supplement* bio-hacking formula called Zlem in January 2022. This product, aimed at providing quality sleep and aiding in weight control, is a powerful blend of over 20 ingredients that can aid users in sleeping well and burning fat accumulated in the body during night-time rest. Furthermore, this product aids in the expulsion of body impurities and ensures users wake up to a balanced, healthy mental state every day.
What are the major segments of the biohacking market and their role in driving growth?
The biohacking market covered in this report is segmented -
1) By Product: Wearables, Implants (Chips), Gene Modification Kits, Smart Drugs, Supplements, Mobile Apps, Other Products
2) By Component: Solution, Services
3) By Application: Synthetic Biology, Genetic Engineering, Forensic Science, Diagnosis And Treatment, Drug Testing
4) By End-User: Pharmaceutical And Biotechnology Companies, Hospitals And Clinics, Forensic Laboratories, Research And Academic Institutes, Other End Users
Subsegments:
1) By Wearables: Fitness Trackers, Sleep Monitors, Health Monitors
2) By Implants (Chips): RFID Implants, Biometric Sensors, Neurostimulator Devices
3) By Gene Modification Kits: CRISPR Kits, Gene Editing Tools, Synthetic Biology Kits
4) By Smart Drugs: Nootropics, Cognitive Enhancers, Mood Enhancers
5) By Supplements: Nutraceuticals, Herbal Supplements, Performance Enhancers
6) By Mobile Apps: Health Tracking Apps, Biofeedback Apps, Habit Tracking Apps
7) By Other Products: DIY Biology Kits, Home Lab Equipment, Biometric Testing Devices
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Which regions are key players in the growth of the biohacking market?
North America was the largest region in the biohacking market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the biohacking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the biohacking market?
Major companies operating in the biohacking market include Nootropics Depot LLC, Fitbit Inc., NOW Foods LLC, Thorne Research Inc., Primal Life Sciences Inc., OsteoStrong LLC, Jarrow Formulas Inc., Athletic Greens Inc., Wild Health Inc., Perfect ket*o LLC, Mind Lab Pro LLC, Elysium Health Inc., Thync Global Inc., HVMN Inc., Thriveport LLC, Kaatsu Global Inc., Interaxon Inc., InsideTracker Inc., LifeNome Inc., Pure Encapsulations LLC
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What Is Covered In The Biohacking Global Market Report?
• Market Size Forecast: Examine the biohacking market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the biohacking market for a structured understanding.
• Key Players Overview: Analyze major players in the biohacking market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biohacking market.
• Segment Contributions: Evaluate how different segments drive overall growth in the biohacking market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biohacking market.
• Industry Challenges: Identify potential risks and obstacles affecting the biohacking market.
• Competitive Landscape: Review strategic developments in the biohacking market, including expansions, agreements, and new product launches.
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