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The global human enhancement market was valued at US$ 84.6 Billion in 2021.
We expect the global human enhancement market to exhibit a CAGR of 14.4% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to postponement of elective cosmetic surgeries and treatment for malaria, tuberculosis, and Lyme to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby negatively impacting the global market for human enhancement technology.
The growing prevalence of acute and chronic diseases, along with the increasing demand for human enhancement technologies to assist in upgrading biomedical interventions as well as diagnose and treat various diseases, is primarily driving the global human enhancement market.
Based on the product, the global human enhancement market can be categorized into exoskeleton, smart devices, medical devices, implants, and others. Currently, smart devices account for the majority of the global market share.
Based on the device type, the global human enhancement market has been segregated into body worn and non-body worn, where body worn devices currently hold the largest market share.
Based on the end user, the global human enhancement market can be bifurcated into healthcare, defense, information technology, and others. Among these, the healthcare sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global human enhancement market include 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.
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