The global 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
- Segment Covered-
o By Product Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Samsung Electronics Co., Ltd., Google LLC, Ekso Bionics, Vuzix Corp., and Garmin Ltd. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global 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
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