Press release
Human Augmentation Market : Industry Trends and Developments by 2021
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The human augmentation market in Asia is also expected to witness high growth rates in the next five years. This is due to the increasing innovative applications of augmentation products and rising awareness about therapeutic applications of the medical wearable augmentation products in the region. Rising demographics and economies in developing countries, such as India and China, are expected to lead to the growth in the human augmentation market in Asia. Moreover, India, China, and Japan, are expected to be the fastest growing markets for human augmentation products in the region.
Increasing demand for wearable augmentation products and rising awareness about therapeutic applications of medical wearable products are some of the major driving factors of the global human augmentation market. Also, technological advancements witnessed in sensor technologies have further propelled the growth of the global human augmentation market.
Lack of skilled IT professionals and high cost of equipment are the major restraints for the global human augmentation market. In addition, imposition of stringent regulations for the approval of augmentation devices as well as the related legal and social concerns inhibits the growth of the market. Rapid product launches and increasing number of mergers and acquisitions between various health care IT companies are some of the major trends observed in the global human augmentation market.
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The 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, and Magic Leap, Inc.
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