According to the latest report by IMARC Group, titled “Human Enhancement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global human enhancement market size reached US$ 84.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 190.2 Billion by 2027, exhibiting a growth rate (CAGR) of 14.4% during 2022-2027.
Human Enhancement Market Overview:
Human enhancement refers to the artificial, natural, or technological alteration of the human body to enhance the physical and cognitive capabilities and functions of the individual. It is undertaken using hormones, drugs, implants, dietary supplements, cosmetic surgeries, genetic engineering, etc. Presently, continuous advances in human enhancement technologies are providing resistance against tuberculosis, malaria, Lyme disease, etc. Human enhancement also works with the up-to-date diagnostic advancements in genome editing technologies, such as Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) to combat human immunodeficiency virus (HIV) infections.
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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Human Enhancement Market Trends:
The escalating incidences of chronic diseases, coupled with the increasing ease of access to healthcare services across the globe, are primarily driving the human enhancement market. Besides this, the elevating utilization of information technology (IT), cognitive science, nanotechnology, etc., to assist in treating various diseases and to improve the effectiveness of biomedical interventions is further catalyzing the market growth. Moreover, the development of limb prosthetics to enhance human performance is acting as another significant growth-inducing factor. Apart from this, several emerging technologies, including neuronal implants and brain-computer interfaces, are positively influencing the market growth. Furthermore, numerous security agencies across countries are investing in research programs to improve battlefield performance, owing to the inflating geopolitical tensions. This, in turn, is also augmenting the global market. In line with this, the rising demand for advanced systems by military personnel in targeting decisions is anticipated to fuel the human enhancement market over the forecasted period.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Report Scope of Human Enhancement Market:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Product, Device Type, End User, Region |
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global human enhancement market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, device type and end user.
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.
Breakup by Product:
- Exoskeleton
- Smart Devices
- Medical Devices
- Implants
- Others
Breakup by Device Type:
- Body Worn
- Non-Body Worn
Breakup by End User:
- Healthcare
- Defense
- Information Technology
- Others
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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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.
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