Market Research Future has a cooked research report on the Global Biohacking Market. The Global Biohacking Market is growing continuously and expected to grow at a CAGR of 19.42% from 2017 to 2023.
Pune, India – April 12, 2018 —
The International Biohacking Market report titled “Biohacking Market Research Report – Global Forecast till 2023” is a competitive Analysis report explores the market by Industry Size, Shares, Segmentation and Demand Till 2023
What are the strategic approaches of the key players to sustain their growth in the market?
Biohacking is getting popular among people who desire to discovery something out of the world. The market players are now engaged in strategies such as new product launch, partnership, and collaborations.
Key players in biohacking market are Synbiota, HVMN, Inc., MoodMetric, Thync Global Inc., U.S.A., Interaxon, BEHAVIORAL TECHNOLOGY GROUP, INC., THE ODIN, 32MARKET.COM, 23andMe, Inc. and BULLETPROOF 360, INC. Majority of the players are concentrated in the American countries. These players also manufacture DIY biology kits to help researchers setup their labs and carry out experiments. For Instance, Companies such as 23andMe provide direct-to-consumer genetics that with just a saliva drop provides consumers with access to personal health data. Number of key players carry out biohacking awareness drives to help the adults understand the basics to biohacking, and encourage new inventions.
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The Global “Biohacking Market” is expected to grow at a CAGR of 19.42% during the forecast period. 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.
Microchip is a unit of packaged computer circuitry, manufactured from a material such as silicon. They are made of microprocessors and for computer memory and are also used for various purposes such as such as analog-to-digital conversion, bit slicing, and gateways. Implanting microchips into the human body can transform number of daily activities a person does. The size these microchips are as small as a rice grain that can be easily implanted under the skin. Most of the bio hackers get these implanted into their skin which makes their tasks easier than ever before.
What factors are expected to rule the future of Global Biohacking Market?
The Biohacking Market is expected to show growth potential in the developed countries owing to the rise in the per capita income of the population, and availability of resources for research activities. Major restrains for the growth of this market is restrict regulations governing the genetic engineering experiments, lack of funds available for research and lack of expertise.
The World Biohacking Market is growing due to an increase in demand for innovative products, growing emphasis on biosafety and biosecurity, and overall demand of effective and efficient treatment solutions in healthcare. Also, personalized care will also propel the market growth.
However, there is still a need for increasing awareness about biohacking among the developing regions across the globe. Countries in Asia Pacific such as India, and Australia show growth potential owing to the availability of highly qualified and skilled workforce in the field of research and improving macroeconomic conditions. In Africa, primary care is one of the basic needs of people, demanding technologically advanced device for delivery of care in remote areas. All these need could to be fulfilled through scientific and technological approaches involving biohacking, thus making the lives of the people easier in this region. Therefore, tremendous demand for affordable healthcare technology, determines the growth of market in Africa.
Regional Analysis of the Global Biohacking Market:
Geographically, the global biohacking market is segmented into four regions namely Americas, Europe, Asia Pacific and the Middle East and Africa.
Americas hold the significant market share in biohacking owing the presence of large number of biotechnology and synthetic biology companies engaged in the product of innovative products. Large number of conferences are organized by a number of biohacking groups and organizations encouraging the youth to do research in the field of biotechnology.
Europe is regarded as the second largest market for biohacking. In Europe, the market for biohacking is found to be growing steadily. The major restrain for the growth of this market in the Europe is strict regulations governing biohacking. For instance, European groups need to obtain license from the government to carry out genetic engineering experiments.
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Major TOC of Biohacking Market Research Report – Global forecast till 2023:
1 REPORT PROLOGUE
2 MARKET INTRODUCTIONS
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.5 Market Structure
3 RESEARCH METHODOLOGIES
3.1.1 Primary Research Methodology
3.1.2 Secondary Research Methodology
3.1.3 Market Share Analysis
3.1.4 Trade Analysis
3.2 Forecast Model
LIST OF TABLES
TABLE 1 PRIMARY INTERVIEWS
TABLE 2 GLOBAL BIOHACKING MARKET BY TYPE, 2014 TO 2023 (USD MILLION)
TABLE 3 GLOBAL BIOHACKING MARKET FOR OUTSIDE BIOHACKING BY REGION, 2014 TO 2023 (USD MILLION)
TABLE 4 GLOBAL BIOHACKING MARKET FOR INSIDE BIOHAKCING, BY REGION, 2014 TO 2023 (USD MILLION)
TABLE 5 GLOBAL BIOHACKING MARKET BY PRODUCT, 2014 TO 2023 (USD MILLION)
LIST OF FIGURES
FIGURE 1 GLOBAL BIOHACKING MARKET, BY TYPE, 2016 (%)
FIGURE 2 GLOBAL BIOHACKING MARKET, BY PRODUCT, 2016 (%)
FIGURE 3 GLOBAL BIOHACKING MARKET, BY APPLICATION, 2016 (%)
FIGURE 4 GLOBAL BIOHACKING MARKET, BY END USER, 2016 (%)
FIGURE 5 GLOBAL BIOHACKING MARKET, BY REGION, 2016 (%)
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