The Biohacking Market report, published by Stratview Research is Segmented by Type (Inside, Outside), By Product (Smart Drugs, Sensors, Strains, Others), by Application (Synthetic, Genetic Engineering, Forensic Science, Diagnosis & Treatment, Drug Testing, Others), by End-Use (Pharmaceutical & Biotechnological Companies, Forensic Laboratories, Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The biohacking market was estimated at USD 18.2 billion in 2021 and is likely to grow at a CAGR of 18.88% during 2022-2028 to reach USD 61.34 billion in 2028.

What is biohacking?

Biohacking, also known as do-it-yourself (DIY) biology, gives everyone including communities, individuals, research institutes, and small group organizations, the ability to deconstruct and reconstruct biology using simple kits or supplements for the purpose of not only achieving their immediate outcomes as well as contributing to solving larger issues.

Covid-19 IMPACT

The outbreak of the COVID-19 virus has positively influenced affected the biohacking industry. The COVID-19 crisis has resulted in a surge in market growth for the pharmaceutical industries. Several R&D activities have been conducted by companies to produce suitable drugs or vaccines to curb the crisis, which if projected to augment the market growth.

Various government of dominant players in the biohacking industry is increasing their investments in such industries, so that, it is possible for companies to come up with viable and potable drugs to limit and gradually eradicate the virus.

The report estimates the current and future demand for Biohacking Market at the global, regional, as well as country-level. The report also studies all the major suppliers of the market located across the globe. The vital data/information offered in the report can play an important role for the market participants in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies in order to expedite their growth process. This exclusive report is the outcome of an exclusive research methodology including primary research and secondary research.

The following are the key features of the report:

·       Market structure: Overview, industry life cycle analysis, supply chain analysis.

·       Market environment analysis: Growth drivers and constraints.

·       Market segment trend and forecast.

·       Competitive landscape and dynamics.

·       Attractive market segments and associated growth opportunities.

·       Emerging trends.

·       Key success factors.

Key Players

  • Fitbit Inc. (The U.S),
  • Apple (The U.S),
  • HVMN Inc (The U.S),
  • The Odin (The U.S),
  • Thync Global Inc (The U.S),
  • Synbiota (Canada),
  • MoodMetric (The U.S),
  • InteraXon Inc. (Canada),
  • Behavioral Tech (The U.S), and
  • Grindhouse Wetware (The U.S).

Market Dynamics

Growing innovative trends towards neuro-nutrition as well as increasing awareness of biohacking in the health & wellness space are likely to boost the product demand.

  • Significant technological growth coupled with the internet of things (IoT) penetration in consumer electronics and healthcare also augments the industry growth.
  • Furthermore, the rising demand for smart drugs and devices to cater to the quality healthcare needs among the population as well as the high prevalence of chronic disorders are further expected to bolster the market expansion.

Segment Analysis

By type, the biohacking market has been segmented into pharmaceutical & biotechnological companies, forensic laboratories, and others.

  • Under these, the pharmaceutical & biotechnological companies segment held a considerable market share in 2021 and is likely to register the fastest CAGR during the review period.
  • This is mainly attributed to the increasing geriatric population.
  • Also, surging demand for devices for monitoring the heart rate, blood sugar level, and body movement is proliferating segment growth.

By region, the North American market witnessed the highest market share in 2021 and is estimated to grow at a substantial CAGR during the assessment period. This is mainly ascribed to a surge in healthcare expenditure, technologically advanced healthcare infrastructure, and well-established healthcare companies. Moreover, growing healthcare expenditure and improving standards of living with large population growth further boosts regional growth.

Frequently Asked Questions (FAQs)

-        What will be the size of the Biohacking Market in the coming years?

-        Who are the key players in the Biohacking Market and what are their market shares?

-        Which region is expected to remain the largest Biohacking Market?

-        Which region is expected to witness the highest growth in the Biohacking Market?

-        What are the key strategies adopted by the major vendors to lead in the Biohacking Market?

Report Customization Options

With this detailed report, Stratview Research offers customization options to the clients. This includes detailed company profiling of additional market players, Competitive Benchmarking of key players on the parameters like: Product portfolio, geographical reach, regional presence, and strategic alliances.

About Us

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