The global human enhancement market size reached US$ 111.7 Billion in 2023. Looking forward, the market is expected to reach US$ 327.2 Billion by 2032, exhibiting a growth rate (CAGR) of 12.7% during 2023-2032.
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.
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.
2. What is the expected growth rate of the global human enhancement market during 2024-2032?
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?
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.
Human Enhancement Market Trends:
The 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.
Key Market Segmentation:
This report provides an analysis of the key trends in each sub-segment of the global human enhancement market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product, device type, and end user.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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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 2023?2. What is the expected growth rate of the global human enhancement market during 2024-2032?
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?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Human Enhancement Market
6 Market Breakup by Product
7 Market Breakup by Device Type
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 138 |
Published | September 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 111.7 Billion |
Forecasted Market Value ( USD | $ 327.2 Billion |
Compound Annual Growth Rate | 12.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |