“Biohacking Market” 2018 | Leading Players, Highlights and Trends Estimates High Demand | with 19.42% of CAGR | Analysis and Forecast to 2023 | MarketResearchFuture.com

Market Research Future (MRFR)
This study covers the market dynamics and trends in major countries that are expected to influence the current market scenario and future status of the Global Biohacking Market over the forecast period. The global biohacking market is expected to grow at a CAGR of 19.42% during the forecast period.

MarketResearchFuture.com adds “Biohacking Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023” reports to its database.

Market Highlights:

Biohacking is the use of science, biology, and self-experimentation to take control of and upgrade the body, mind, and life. Biohacking include various aspects of biology such as synthetic biology, molecular biology, genetic engineering, biotechnology and drug testing to create something different. Synthetic biology is ruling the global biohacking market due to rising awareness about synthetic biology and wide range of applications in life science and healthcare.            

Biohacking involves the use of medical, and electronic techniques to transform humans and manage individual’s biology. Some of the common Biohacking methods include consuming a nootropic to develop intelligence, memory and focus, installing DIY body improvement devices such as magnetic implants, and conducting advanced gene sequencing at home or in a lab. They set up biohacking labs, also known as hacklabs or hackerspaces in places such as garages, warehouses and other unused spaces.

Bio hackers have developed number of products exploring the body and mind, which will benefit the mankind. Some of the revolutionary products are microchips, smart drugs, magnetic fingertips, RFID implants, brain sensors, bacterial and yeast strains, health tracker, body sensors, smart blood pressure monitor and many others. 

The global biohacking market is mainly driven by rising awareness about biohacking, increasing prevalence of chronic diseases, and extensive demand smart devices and drugs across the globe. Furthermore, presence of prominent market players also influences the growth of the market. However, the market growth of the market is restrained by lack of cyber security practices.

FIGURE 1: Global Biohacking Market by Region, 2016 (%)

 

Key players in biohacking market: 

Key players are now focusing on new product development and expansion strategies in the European market. For instance, Apple Watch is one the most popular products in continuously health monitoring and tracking devices. “watchOS 4” launched by Apple featured G5 Continuous Glucose Monitor (CGM) which become popular among the iPhone users across the globe.

Some of the key players in the global market are Fitbit, Inc. (U.S.), Apple (U.S.), Synbiota (Canada), THE ODIN (U.S.), HVMN, Inc. (U.S.), Thync Global Inc., U.S.A. (U.S.), Moodmetric (U.S.), and others.

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Segmentation:

The global biohacking market is segmented on the basis of type, product, application, and end user.

On the basis of type, the market is segmented into outside biohacking and inside biohacking.

On the basis of product, the market is segmented into smart drugs, sensors, strains, and others.

On the basis of application, the market is segmented into synthetic biology, genetic engineering, forensic science, diagnosis & treatment, drug testing, and others.

On the basis of end user, the market is segmented into pharmaceutical & biotechnology companies, forensic laboratories, and others.

Regional Analysis:

Geographically, the global biohacking market is segmented into four regions namely Americas, Europe, Asia Pacific and the Middle East and Africa.

America is dominated with the largest market share owing to the different state legislations in Americas governing experimentations in biology, thus making it easier for the bio hackers to perform their tasks. Also, in the U.S there is strong focus on bioterror and biosecurity.

Europe emerged as the second largest market owing to the increasing prevalence of diabetes in these regions, and is expected to growth continuously in the future. This is an alert call for diabetes management and prevention in Europe. According to the report published by World Health Organization (WHO), currently over 60 million people live with diabetes in Europe. Additionally, diabetes is a major risk factor for the cardiovascular diseases.

Asia Pacific is anticipated to be the fastest growing regional market. According to the results of National Health Survey conducted by the Australian Bureau of Statistics, there were nearly 1.2 million people aged 2 years and above with diagnosed diabetes in Australia. Furthermore, the key players such as Apple are focusing on emerging economies such as Asia Pacific.

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Research Methodology:

What makes our report unique?

1) An extensive research study on the Global Biohacking market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Biohacking market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

Major TOC of Global Biohacking Market:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

Chapter 3. Research Methodology

Chapter 4. Market Dynamics

Chapter 5. Market Factor Analysis

Chapter 6. Global Biohacking Market, By Type

Chapter 7. Global Biohacking Market by Product

Chapter 8. Global Biohacking Market by Application

Chapter 9. Global Biohacking Market, By End User

Chapter 10. Global Biohacking Market, By Region

Chapter 11. Company Landscape

Chapter 12. Company Profile

Chapter 13. Conclusion

Chapter 14. Appendix

…CONTINUED FOR TOC

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