The human augmentation market size at the global level was worth USD 81.2 billion in 2022 and is expected to reach USD 205.2 billion by 2027.
Human augmentation means, technologies that magnify human productivity or efficiency and making the human body most better. On a day-to-day basis, advanced technologies are determined an inherent part of human experience. A huge collection of implants and other human augmentations are available attributed to advancements in technologies.
Human augmentation concentrates on inventing mental and physical developments to intensify human productivity and efficiencies to augment quality and health of life.
Factors driving human augmentation are growing advanced technologies in healthcare, the increasing popularity of wearable augmentation products, and robust military personnel. Factors like surging research and development activities, growing disposable income, and developing lifestyle changes escalate the human augmentation market growth over the mentioned period.
Factors that positively influence the human augmentation market are growing adoption and advancements in robotics automation, and fuelling artificial intelligence technologies. The rising investments in artificial intelligence (AI) technologies, increasing demand for wearable augmentation devices in the healthcare sector propel the market growth during the mentioned period.
The shortage of experienced professionals to manage or handle human augmentation devices and growing threats to recognize and data breaches are some factors hampering the human augmentation market growth. Also, the expensive nature of the human augmentation devices, ethical issues, social and legal issues hinder the market growth throughout the timeline period.
COVID-19 Impact on the global Human Augmentation Market
The novel Coronavirus (COVID-19) has spread to every corner of the world affecting millions of people and businesses in every sector. World Health Organization announced an emergency public health issue. The pandemic has been one of the greatest health extremities. The pandemic has had left a negative impact on the human augmentation market for 2022. Small and medium-sized companies are failing to maintain their business over the foreseen future.
Market Size Available
2022 – 2027
2022 – 2027
North America, Europe, APAC, Middle East & Africa (MEA), Latin America
The wearable technology human augmentation segment accounts for the largest market in the human augmentation market globally.
The body-worn devices segment is expected to lead the human augmentation market with a significant share throughout the forecast period.
Geographically, North America is dominating the human augmentation market globally. The region's growth owes to revolving growth in wearable devices because of different benefits like small and lightweight, comfortable, and efficacy. The US and Canada are the major contributors to the human augmentation market in the region. The United States market is leading the human augmentation market with the highest share. The growth owes to escalating early adoption of human augmentation devices by different end-users throughout the region.
The European human augmentation market is witnessing promising growth throughout the forecast period. The region's growth owes to advanced technologies over wearable devices in the medical field. Germany, U.K, and France are the major countries in the human augmentation market. The growing awareness regarding the therapeutic applications of medical wearable products, rising population base, and surging new applications of innovative products help the human augmentation market forward.
However, the Asia-Pacific region is expected to have the swiftest growth in the human augmentation market during the timeline period. In countries like India, China, and Japan, people are more aware of the advantages associated with wearable medical devices.
Japan has a strong base for advanced technologies across the manufacturing industries exhibiting prominent prospects, and huge mobile users along with a high population base drive the human augmentation market in the country and throughout the region.
The use of smart devices is increasing, the easy availability of cheap labor, and growing disposable income fuel the human augmentation market in India.
Latin America is the second quickest growing region globally after Asia-Pacific. In LATAM, Brazil is one of the countries with the highest share
The Middle East and Africa continue to have constant and slow growth rates in the human augmentation market during the historical period. The government of the UAE recently launched a plan for artificial intelligence (AI) that transforms the government into a new phase of becoming an AI-driven government. The country has to prepare efficiently for the changes by expecting different challenges accomplishing the adoption of AI-based technologies.
Key Market Players
Major key players involved in the global Human Augmentation market are Google Inc. (US), Samsung Electronics Co. Ltd. (South Korea), Ekso Bionics Holdings Inc. (US), Vuzix Corporation (US), Garmin (US), Fossil Group Inc. (US), B-Temia Inc. (Canada), Casio (Japan), Magic Leap Inc. (US), Rewalk Robotics Inc. (Israel), Polar Electro (Finland), P&S Mechanics. (South Korea), Jawbone Inc. (US), Life Sense Group B.V (Netherlands), Atoun (Japan), Mobvoi (China), Rex Bionics (New Zealand), Goqii (US), Guangdong BBK Electronics Co. Ltd. (China), and Atheer, Inc, (US).
Recent Developments in the Human Augmentation Market
Human Augmentation Market – Forecast (2021-2026)
Chapter 1. Human Augmentation Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Human Augmentation Market - Executive Summary
2.1. Market Size & Forecast – (2021 – 2026) ($M/$B)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2021 – 2026
2.3.2. Impact on Supply – Demand
2.3.3. Impact on Production Cost
2.3.4. Impact on Supply Chain
Chapter 3. Human Augmentation Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier – Distributor Analysis
Chapter 4. Human Augmentation Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3. Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Human Augmentation Market Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Human Augmentation Market, By Technology
6.2. Virtual Reality
6.3. Augmented Reality
6.5. Intelligent Virtual Assistants
Chapter 7. Human Augmentation Market, By Device
7.1. Body Worn
7.2. Non-Body Worn
Chapter 8. Human Augmentation Market, By Geography - Market Size, Forecast, Trends & Insights
8.1. North America
8.2.7. Rest of Europe
8.3. Asia Pacific
8.3.2. South Korea
8.3.5. Australia & New Zealand
8.3.6. Rest of Asia-Pacific
8.4. Rest of the World
8.4.1. South America
8.4.2. Middle East
Chapter 9. Human Augmentation Market - Company Profiles – (Overview, Product Portfolio, Financials, Developments)
9.1. Company 1
9.2. Company 2
9.3. Company 3
9.4. Company 4
9.5. Company 5
9.6. Company 6
9.7. Company 7
9.8. Company 8
9.9. Company 9
9.10. Company 10
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