Biohacking, also known as DIY biology, involves conducting biological experiments in small labs either individually or within a small community. These experiments could pertain to genetic engineering, 3-D printing using light-sensitive bacteria, or other biological activities. Biohackers have created various tools and products to delve into the human body and mind, including brain sensors, smart drugs, RFID implants, microchips, magnetic fingerprints, smart blood pressure monitors, health trackers, and bacterial and yeast strains.
The global biohacking market is estimated to be USD 15755.29 Million in 2021 and is expected to reach USD 45951.81 million by 2028 to grow at a CAGR of 17% during the forecast period (2021 –2028).
Ask Us to Get Your Sample Copy Of The Report, Covering TOC and Regional Analysis @
https://www.coherentmarketinsights.com/insight/request-sample/4533
The market’s growth is anticipated to be propelled during the projected duration by the rising demand for smart devices.
The market’s growth is anticipated to be driven by the rising demand for smart devices during the projected period. InsideTracker released its mobile application in December 2020, which allows individuals to receive immediate information and advice by integrating data from their DNA, blood biomarkers, and activity trackers. Users of the InsideTracker app can track their resting heart rate and sleep data, including their deep sleep time and REM sleep time, using activity trackers, resulting in a more comprehensive and accurate comprehension of their health and performance.
Regional Analysis
The biohacking market is anticipated to be led by the North American region, which is anticipated to have the highest market share globally. This can be attributed to the varied state regulations in the United States that govern biological experiments, making it easier for biohackers to share tips and techniques with non-experts and conduct structured experiments on themselves outside of a controlled experimental environment. Meanwhile, Europe has emerged as the second largest market for biohacking, owing to the increasing prevalence of diabetes in the region, primarily caused by rising rates of overweight and obesity, unhealthy dietary habits, and physical inactivity. Consequently, diabetes has become one of the most prevalent chronic diseases in Europe, with over 60 million people affected, according to a 2019 report published by the World Health Organization (WHO). Furthermore, diabetes is a significant risk factor for cardiovascular diseases.
Impact of the COVID-19 Pandemic
After the COVID-19 virus emerged in December 2019, it quickly spread to more than 100 countries worldwide. In 2020, the World Health Organization declared it a public health emergency. The latest Coronavirus Disease (COVID-19) Weekly Epidemiological Update from the World Health Organization reports that as of June 3, 2021, there have been about 32,963,318 confirmed COVID-19 cases and approximately 589,555 deaths in the United States alone. The outbreak, which originated in Wuhan, China, has now spread across multiple continents, impacting numerous industries on a global scale. The enforced quarantine and lockdowns in various countries have resulted in severe disruptions to the supply of essential materials like probes that are needed for interventional ablation procedures. This disruption has caused a breakdown in the link between warehouses. As a result of the coronavirus crisis, pharmaceutical companies have been given an impetus to expand and have been actively engaged in ambitious drug and vaccine projects aimed at containing the viral outbreak. These challenging R&D projects are opening up numerous opportunities for innovations in the biohacking market landscape.
Restraint
During the forecast period, the market is likely to face obstacles due to stringent regulations governing genetic engineering experiments, insufficient research funds, a lack of expertise, and inadequate cybersecurity measures. A critical challenge faced by biohacking devices is the use of web services for inter-device communication and direct data feeding into patients’ medical records. The lack of authentication and encryption in many of these web services could potentially allow hackers to manipulate the data entered into medical records.
Competitive landscape
- Synbiota
- Thync Global Inc.
- Fitbit, Inc.
- Apple Inc.
- MoodMetric
- THE ODIN
- HVMN
Ask For Discount Before Purchasing This Business Report :
https://www.coherentmarketinsights.com/insight/request-discount/4533
Biohacking Market Report Coverage
| The market size value in 2023 |
Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Executive Summary
Market Overview
- Definition of Biohacking Market Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Biohacking Market Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
Why Choose Coherent Market Insights?
☛ Identified business opportunities – Our market research report can be used to analyze potential markets and new products. It can give information about customer needs, preferences, and attitudes. Also, it compare products and services.
☛ A clear understanding of your customers – A market report gives company’s marketing department an in-depth picture about customers’ needs and wants. This knowledge can be used to improve products, prices, and advertising.
☛ Clear data-driven insights – Our Market research encompasses a wide range of activities, from determining market size and segment to forecasting demand, and from identifying competitors to monitoring pricing. All of these are quantified and measurable which means that gives you a clear path for building unique decisions based on numbers.
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐔𝐩 𝐓𝐨 𝟐𝟓% 𝐎𝐅𝐅 @
https://www.coherentmarketinsights.com/insight/buy-now/4533
Explore More Related Insights:
Electronic health record ehr systems market
Fitness trackers market
Smallpox treatment market
Healthcare fabrics market
Smart home healthcare market
Healthcare bpo market
Healthcare erp market
Us corporate wellness market
Women health app market
About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Contact:
Mr. Shah
Coherent Market Insights
533 Airport Boulevard, Suite 400, Burlingame,
CA 94010, United States.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837