Dublin, April 11, 2023 (GLOBE NEWSWIRE) -- The "Human Enhancement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global human enhancement market size reached US$ 84.6 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 190.2 Billion by 2027, exhibiting a CAGR of 14.46% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Human enhancement refers to a natural, artificial, and technological alteration of the body to enhance cognitive and physical capabilities and functions of individuals. It is undertaken using drugs, hormones, implants, genetic engineering to dietary supplements and cosmetic surgeries for self-improvement.
Nowadays, advances in human enhancement technologies provide resistance against diseases like malaria, tuberculosis, and Lyme. They also allow up-to-date diagnostic and advancements in genome editing technologies, such as clustered regularly interspaced short palindromic repeats (CRISPR) for a functional cure of human immunodeficiency virus (HIV) infection.
Growing prevalence of acute and chronic diseases, in confluence with the increasing access to healthcare services, represents one of the key factors positively influencing the demand for human enhancement technologies around the world. These technologies mainly include nanotechnology, information technology (IT), and cognitive science, which assist in upgrading biomedical interventions as well as diagnose and treat various diseases.
They also comprise active control systems that help create limb prosthetics with characteristics that exceed human performance. Moreover, emerging technologies like genetic engineering, neuronal implants, brain-computer interfaces, and three-dimensional (3D) bioprinting are contributing to the market growth.
Apart from this, due to rising geopolitical tension between countries, security agencies of several countries are investing in research programs to improve battlefield performance. For instance, the ethics committee in the French Army approved the research of human enhancement technologies for developing enhanced soldiers.
This research also involves the utilization of advanced systems, ranging from drugs to exoskeletons, to enhance military personnel in targeting decisions. These factors are anticipated to drive the adoption of human enhancement technologies and influence the market positively in the coming years.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Vuzix Corporation.
Key Questions Answered in This Report:
1. What was the size of the global human enhancement market in 2021?
2. What is the expected growth rate of the global human enhancement market during 2022-2027?
3. What has been the impact of COVID-19 on the global human enhancement market?
4. What are the key factors driving the global human enhancement market?
5. What is the breakup of the global human enhancement market based on the product?
6. What is the breakup of the global human enhancement market based on the device type?
7. What is the breakup of the global human enhancement market based on the end user?
8. What are the key regions in the global human enhancement market?
9. Who are the key players/companies in the global human enhancement market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $84.6 Billion |
| Forecasted Market Value (USD) by 2027 | $190.2 Billion |
| Compound Annual Growth Rate | 14.4% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Human Enhancement Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Exoskeleton
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Smart Devices
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Medical Devices
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Implants
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Device Type
7.1 Body Worn
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Non-Body Worn
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Healthcare
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Defense
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Information Technology
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/i5v0pw
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