Human Augmentation Market to See Massive Growth by 2028

The Human Augmentation market is anticipated to grow at a significant CAGR of 20.1% during the forecast period.  Many people have used human enhancement to overcome physical hardship and regain physical or psychological capacities. Human health and quality of life have improved as a result of technological developments in the fields of neuroscience, engineering, biotechnology, and computing. Human anticipation of modern technologies has risen dramatically, and as a result, the healthcare industry is fast evolving. In the health and fitness industries, sophisticated technologies are being embraced at a faster rate. Prosthetic limbs/arms, for example, are offered to disabled people to help them accomplish daily duties. Similarly, exoskeletons are utilized in gait training and rehabilitation to assist the elderly and others with joint/limb problems. A capsule camera, a swallowing gadget, is also being developed to visually observe the gastrointestinal/digestive tract. This technology helps patients avoid unnecessary hospitalization by allowing them to check their health at home while going about their usual activities.

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The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, Vuzix Corporation introduced Blade, a pair of glasses with Vuzix’s revolutionary waveguide technology, in September 2020. To eliminate vision obstructions and distractions, waveguides combine digital instructions with real-world duties. Smart glasses have additional technologies such as auto-scan cameras and noise cancellation in addition to waveguide optics. Ekso Bionics released EVO in August 2020, an endurance-boosting assistive upper-body exoskeleton that relieves the strain of repetitive work. The company’s groundbreaking EksoVest technology was used to create this exoskeleton. Garmin Ltd. introduced Venu 2 and 2S, an upgraded series of GPS smartwatches that can track the user’s health and well-being, in July 2020. A built-in health snapshot, 24/7 health monitoring, and respiration tracking are all included in this watch. This watch sends out alarms when crucial parameters have high or low readings.

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  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Human Augmentation Market Report Segment

By Product Type 

  • Wearable Devices
  • Virtual Reality Devices
  • Augmented Reality Devices
  • Exoskeletons
  • Intelligent Virtual Assistants

By Application 

  • Consumer
  • Commercial
  • Medical
  • Aerospace & Defense
  • Industrial
  • Others

Human Augmentation Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the Human Augmentation market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where in the market.

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