Global Biohacking Market Is Projected To Reach USD 65.4 Billion By 2026

06-Aug-2021 | Facts and Factors

As per a recently issued market research report by Facts & Factors, the global biohacking market was about USD 14.65 Billion in 2020, with sales value projected to hit around USD 65.4 Billion by the end of 2026 and is expected to register 21.1% CAGR during 2021 ­ 2026.

Biohacking (DIY biology) is an extremely complicated branch of biogenetics and bioengineering that deals with activities pertaining to scientific activities yeast or other organisms that deal with increasing functionality of the human anatomy. Biohacking enables the non-scientific community to participate and experience the advanced analytics and measures that deal with the latter. The primary driving factors for the significant growth of the global biohacking market can be credited to the rising adoption of biohacking products, increasing consumer awareness, rising disposable incomes, increased focus of key players towards R&D activities, and favorable government policies.

Moreover, the dedicated focus of manufacturers and vendors on integrating testing kits and solutions regarding COVID-19 will increase the footprint of the global biohacking market during the advent of the forecast in a wider consumer base. Rising funding from the private sector coupled with the rising consumer awareness will further increase the horizons that the global biohacking market encompasses currently.

Report Scope

Top Market Players

The key market participants for the global biohacking market are Apple, Inc., The ODIN, Thync Global, Inc., Fitbit, Inc., Moodmetric, HVMN, Inc., Muse (Interaxon, Inc.), Thriveport LLC, TrackMyStack, OsteoStrong, Grindhouse Wetware, and SynBioBeta LLC, among others.

Market Dynamics

On the basis of product, the global biohacking market can be divided into wearables, implants, gene modification kits, smart drugs, supplements, mobile applications, and others. The segment pertaining to wearable is expected to occupy the largest market share during the advent of the forecast owing to the increased focus of key players in the particular segment coupled with the rising demand for wearables due to optimal pricing solutions.

On the basis of applications, the global biohacking market can be further disintegrated into monitoring, treatment, research, and others. Monitoring is expected to witness the largest market share during the advent of the forecast owing to the rising usage of wearables and implants coupled with rising support from the segment pertaining to mobile applications. The segment of treatment is expected to witness the fastest growing CAGR during the forecast period.

North America Is Expected To Hold The Largest Market Share In The Global Biohacking Market

North America is expected to occupy the largest market share during the advent of the forecast with a recent trend indicating more than 35% of the current market occupancy. Other factors such as the rising research and development activities coupled with increasing government initiatives are anticipated to fuel the biohacking market growth. Additional factors that are responsible for the rising market share for the biohacking market in the region are the increasing adoption of synthetic biology. Asia-Pacific is expected to witness the fastest growing CAGR during the forecast owing to the increasing presence of technologically advanced healthcare infrastructure and favorable government policies.

Browse in the full report “Biohacking Market By Product (Wearables, Implants, Gene Modification Kits, Smart Drugs, Supplements, Mobile Applications, & Others), By Application (Monitoring, Treatment, Research, & Others), By End-Users (Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Forensic Laboratories, Research & Academic Institutes, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/biohacking-market

The global biohacking market can be further segmented into:

Global Biohacking Market: By Product Segment Analysis

• Wearables
• Implants
• Gene Modification Kits
• Smart Drugs
• Supplements
• Mobile Applications
• Others

Global Biohacking Market: By Application Segment Analysis

• Monitoring
• Treatment
• Research
• Others

Global Biohacking Market: By End-Users Segment Analysis

• Pharmaceutical & Biotechnology Companies
• Hospitals & Clinics
• Forensic Laboratories
• Research & Academic Institutes
• Others

Global Biohacking Market: By Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

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