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Biohacking Market By Product (Wearable's, Implants (Chips), Gene Modification Kits, Smart Drugs) By Application (Monitoring, Treatment, Research) By End-User (Pharmaceutical & Biotechnology companies, Hospitals & Clinics, Forensic Laboratories, Research & Academic institutes) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global biohacking market report explores the critical analysis of the Biohacking industry using key parameters. The report consists of investment strategies, the need for investments in the biohacking industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Biohacking industry and how economic and non-economic barriers are helping the biohacking market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

 

REPORT ATTRIBUTE DETAILS

Biohacking Market by Volume

Yes

Biohacking Market by Value

Yes

Biohacking Market, Tornado Analysis

Yes

Biohacking Market, STAR Analysis

Yes

Biohacking Market, SRC Analysis

Yes

Biohacking Market, Import-Export Data

Yes (On Demand)

Biohacking Market Pricing Analysis

Yes (On Demand)

Biohacking Market Segment Analysis

By Product (Wearables, Implants (Chips), Gene modification kits, Smart drugs, Supplements, Mobile apps and Others)

By Application (Monitoring, Treatment, Research and Others)

By End User (Pharmaceutical & Biotechnology companies, Hospitals & clinics, Forensic Laboratories, Research & Academic institutes and Others)

Biohacking Market, Regional Analysis

North America (U.S. and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Biohacking Market Key Companies

Apple Inc.; The ODIN; Thync Global Inc.; Fitbit, Inc.; Moodmetric; HVMN, Inc.; Muse (Interaxon Inc.); Thriveport, LLC; TrackMyStack; OsteoStrong

Biohacking Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Biohacking market?

  • In 2021, wearable dominated the product outlook segment due to the increasing adoption of wearable medical devices such as smart rings and others. 
  • In 2021, the monitoring sub-segment dominated the biohacking market due to the increasing usage of biohacking products such as wearable devices. This factor contributes to segment expansion. 
  • In 2021, the hospitals and clinic segment captured the highest market share in the end-user outlook segments due to the rising prevalence of chronic diseases.

Which region dominated the Biohacking market?

The North American region dominated the Biohacking market in 2021 with the highest market share due to the increasing consumption of synthetic biology, which is expected to propel the biohacking market growth in the North American region. Furthermore, these major reasons for North America's Biohacking market growth include increased research and development activities by government and non-government organizations. These factors are increasing the growth of the biohacking market in the North American region. 

How is US Market Performing in the Biohacking market?

The increasing consumption of synthetic biology is expected to propel the biohacking market growth in the U.S. Furthermore, these major reasons for United States' biohacking market growth include increased research and development activities by government and non-government organizations. These factors are increasing the growth of the biohacking market in the U.S. 

What is the competitive environment of the Biohacking market?

The rising demand for wireless infrastructure worldwide to enhance the communication network increases competition among the market players. In addition, market players are also expanding their businesses on the global level to expand their global reach, which supports revenue generation for the company. For instance, in September 2020, the iPad Air contained an A14 Bionic processor from Apple Inc. that features second-generation machine-learning accelerators. With this, the company's product line was broadened.

biohacking-market

Executive Summary

What are technical developments being developed in the Global Biohacking Market?

The market players are developing new software and hardware in the global biohacking market. For instance, Fitbit Inc.'s ECG app for diagnosing atrial fibrillation has won approval from the European Union's C.E. and the U.S. FDA. Since October 2020, customers in the United States, United Kingdom, Austria, Germany, Netherlands, Luxembourg, Switzerland, Sweden, Poland, Czech Republic, Portugal, Belgium, Ireland, Romania, Spain, Italy, India, Hong Kong, and France have been able to access the app on Fitbit Sense.

Which are the key investments by the Biohacking market players?

The market players are investing heavily in the urban markets due to high demand for the latest technology, such as wireless wearable products, and others supporting the investments by market players. 

Some of the major players in the market are Thync Global Inc.; Fitbit, Inc.; Moodmetric; HVMN, Inc.; Apple Inc.; The ODIN; Muse (Interaxon Inc.); Thriveport, LLC; TrackMyStack; OsteoStrong.   

What are the Major Driving Factors for the Biohacking Market?

The increasing adoption of biohacking products is expected to increase the market's growth. The increasing demand for Biohacking is projected to rise as a result. The rising awareness about Biohacking among consumers is also anticipated to grow the market. These factors are projected to enhance the demand for Biohacking. Moreover, the increasing demand for smart devices, the prevalence of chronic diseases, and technological advancements fuel the growth. Thus, these factors are anticipated to boost the sales of Biohacking.

Furthermore, government and non-government sectors' investment in various research and developments propels the biohacking market growth. The increasing disposable incomes are expected to boost the Biohacking market growth.

What are the Major Risks for the Biohacking Market?

The lack of cyber security practices is the major factor restraining the biohacking market growth. The lack of fund requirements for research and development also hampers market growth. Furthermore, the strict government regulation of genetic experiments is also a factor that restrains the growth of the Biohacking market.

Which is the key end user in the Biohacking market?

The biohacking End-user is classified into Pharmaceutical & Biotechnology companies, Hospitals & clinics, Forensic laboratories, Research & academic institutes and others. The hospitals & clinic segment dominates the biohacking market due to the increasing prevalence of chronic diseases and the increasing demand for treatments. Furthermore, pharmaceuticals & Biotechnology companies have also seen significant growth due to the increasing development of novel treatment options during the forecast period.

How is the Biohacking market performing in regions?

The North American region dominated the Biohacking market in 2021 with the highest market share due to the increasing consumption of synthetic biology, which is expected to propel the biohacking market growth in the North American region. Furthermore, these major reasons for North America's Biohacking market growth include increased research and development activities by government and non-government organizations. These factors are increasing the growth of the biohacking market in the North American region.

Moreover, the Asia Pacific region is expected to account for the biohacking market during the forecast period. The Asia Pacific region is the best positioning for leading the Biohacking market due to the increasingly extensive research and development activities in emerging countries such as India, Japan and China. Furthermore, technological advancement in healthcare sectors also boosts the market growth. These factors are the growth of the Biohacking market in the Asia Pacific region.

What is the regulatory landscape for the Biohacking market?

The governments are supporting the deployment of Biohacking as it enhances the country's infrastructure, which is favorable for market growth. Furthermore, the adoption of wireless wearables by individuals in various countries. Thus, due to these factors, governments support the deployment of Biohacking.

What is the Market Size of Biohacking regarding value?

In the coming years, it is anticipated that the global biohacking market will expand at a robust CAGR of 19.10%. The global biohacking market was estimated to be worth USD 15578.5 million in 2021 and was expected to be worth USD 44462.73 million by 2028.

What are the major players planning for the future of the Biohacking market?

The previously fairly concentrated worldwide Biohacking market is becoming more diverse due to the emergence of several strong rivals. Additionally, the largest corporations concentrate on expanding their business activities in developing nations. Most new Biohacking businesses intend to expand their product lines through investments and innovations while simultaneously launching new products. The leading companies in the biohacking market continuously analyze the worldwide demand for mustard and take appropriate steps to raise the caliber of seeds they produce to preserve their current market demand and raise the brand value. New entrants must focus on popularising and marketing the product to untapped markets in a cutthroat industry.

Segmentation of Global Biohacking Market-

Global Biohacking Market – By Product

  • Wearable's
  • Implants (Chips)
  • Gene Modification Kits
  • Smart Drugs
  • Supplements
  • Mobile App
  • Others

Global Biohacking Market – By Application

  • Monitoring
  • Treatment
  • Research
  • Others

Global Biohacking Market – By End-User

  • Pharmaceutical & Biotechnology companies
  • Hospitals & Clinics
  • Forensic Laboratories
  • Research & Academic institutes
  • Others

Global Biohacking Market – By Region

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Biohacking market

The increasing adoption of biohacking products is expected to increase the market's growth. The increasing demand for Biohacking is projected to rise as a result.

The global Biohacking market is anticipated to grow at a substantial CAGR of 19.10% in the upcoming years. The global Biohacking market was estimated to be worth USD 15578.5 million in 2021 and was expected to be worth USD 44462.73 million by 2028.

The North American region dominated the Biohacking market in 2021 with the highest market share.

Some major players in the market are Apple Inc.; The ODIN; Thync Global Inc.; Fitbit, Inc.; Moodmetric; HVMN, Inc.; Muse (Interaxon Inc.); Thriveport, LLC; TrackMyStack; OsteoStrong.

In 2021, the hospitals and clinic segment captured the highest market share in the end-user outlook segments due to the rising prevalence of chronic diseases.

Biohacking Market Scope

Report Attribute Details
Market Value in 2021 USD 15578.5 million
Market Value in 2028 USD 44462.73 million
CAGR 19.10%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Technology & Media
Report ID:   60823
Report Format:   PDF
Pages:   120
Rating:    4.8 (50)
Delivery Time: 24 Hours to 48 Hours   
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