Human Enhancement Market Report by Product (Exoskeleton, Smart Devices, Medical Devices, Implants, and Others), Device Type (Body Worn, Non-Body Worn), End User (Healthcare, Defense, Information Technology, and Others), and Region 2024-2032
The global human enhancement market size reached US$ 111.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 327.2 Billion by 2032, exhibiting a growth rate (CAGR) of 12.1% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 111.7 Billion
Market Forecast in 2032
US$ 327.2 Billion
Market Growth Rate (2024-2032)
12.1%
Human enhancement refers to a natural, artificial, and technological alteration of the body to enhance cognitive and physical capabilities and functions of individuals. It is undertaken using drugs, hormones, implants, genetic engineering to dietary supplements and cosmetic surgeries for self-improvement. Nowadays, advances in human enhancement technologies provide resistance against diseases like malaria, tuberculosis, and Lyme. They also allow up-to-date diagnostic and advancements in genome editing technologies, such as clustered regularly interspaced short palindromic repeats (CRISPR) for a functional cure of human immunodeficiency virus (HIV) infection.
Human Enhancement Market Trends:
The growing prevalence of acute and chronic diseases, in confluence with the increasing access to healthcare services, represents one of the key factors positively influencing the demand for human enhancement technologies around the world. These technologies mainly include nanotechnology, information technology (IT), and cognitive science, which assist in upgrading biomedical interventions as well as diagnose and treat various diseases. They also comprise active control systems that help create limb prosthetics with characteristics that exceed human performance. Moreover, emerging technologies like genetic engineering, neuronal implants, brain-computer interfaces, and three-dimensional (3D) bioprinting are contributing to the market growth. Apart from this, due to rising geopolitical tension between countries, security agencies of several countries are investing in research programs to improve battlefield performance. For instance, the ethics committee in the French Army approved the research of human enhancement technologies for developing enhanced soldiers. This research also involves the utilization of advanced systems, ranging from drugs to exoskeletons, to enhance military personnel in targeting decisions. These factors are anticipated to drive the adoption of human enhancement technologies and influence the market positively in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global human enhancement market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, device type, and end user.
Breakup by Product:
Exoskeleton
Smart Devices
Medical Devices
Implants
Others
Breakup by Device Type:
Body Worn
Non-Body Worn
Breakup by End User:
Healthcare
Defense
Information Technology
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product, Device Type, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global human enhancement market was valued at US$ 111.7 Billion in 2023.
We expect the global human enhancement market to exhibit a CAGR of 12.1% during 2024-2032.
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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