Global Biohacking Market Size, Trends & Growth Opportunity, By Product (Smart Drugs, Sensors, Strains, and others), By Application (Synthetic Biology, Genetic Engineering, Forensic Science, Diagnosis & Treatment, and Drug Testing), By End User (Pharmaceutical & Biotechnology Companies, Forensic Laboratories, and Others),By Region and Forecast till 2027.
Report ID : IR100672 | Industries : Healthcare | Published On :May 2024 | Page Count : 230
Global Biohacking Market Size, Trends & Growth Opportunity, By Product (Smart Drugs, Sensors, Strains, and others), By Application (Synthetic Biology, Genetic Engineering, Forensic Science, Diagnosis & Treatment, and Drug Testing), By End User (Pharmaceutical & Biotechnology Companies, Forensic Laboratories, and Others),By Region and Forecast till 2027
Global Biohacking Market
Global Biohacking Market was valued at USD 19.56 billion in 2022 and is slated to reach at USD 61.89 billion by 2027 at a CAGR of 18.52% from 2022-2027.
Biohacking is defined as use of function-enhancing drugs or the use of internal or external implants to improve cognitive function, creativity, and memory in individuals. This is most prolific method includes the intake of nootropic drugs to develop focus and intelligence. It is also called as do-it-yourself (DIY) biology. Biohackers have set up shop in garages, warehouses, and other spaces.
Market Drivers
Increase in innovative trends towards neuro-nutrition & growing biohacking in health & wellness space is the key driving factor which is expected to boost the global biohacking market growth. Furthermore, continuous technological advancement coupled with internet of things (IoT) penetration in various industries such as consumer electronics, healthcare will positively influence the market growth. In addition to that, increase in demand for smart devices and drugs to meet the quality healthcare needs amongst the population with the prevalence of chronic disorders will propel the market growth.
Market Restraints
However, lack of expertise is the major restraining factor which is expected to hinder the global biohacking market growth. Also, cyber security practices will affect the market growth during this analysis period.
Impact of COVID-19
The COVID-19 viral epidemic has had a favourable impact for the biohacking sector. The COVID-19 situation has caused the pharmaceutical industries' market growth to soar. Companies have engaged in a number of R&D projects to provide the necessary medicines or vaccines to stop the crisis, which, if successful, will boost the market's growth.
Recent developments
Continental AG and Volterio will work together in January 2022 to develop completely automated charging robots for electric automobiles.
The announcement that DENSO would invest USD 0.35 billion in Japan Advanced Semiconductor Manufacturing, Inc. ("JASM"), TSMC's majority-owned manufacturing affiliate in Kumamoto Prefecture, Japan, was made in February 2022 by DENSO Corporation ("DENSO") and Sony Semiconductor Solutions Corporation ("SSS"). As a result of this equity transaction, DENSO will own more than 10% of JASM.
Market Segmentation
Global Biohacking Market is segmented into product such as Smart Drugs, Sensors, Strains, and others, by application such as Synthetic Biology, Genetic Engineering, Forensic Science, Diagnosis & Treatment, and Drug Testing. Further, market is segmented into end user such as Pharmaceutical & Biotechnology Companies, Forensic Laboratories, and Others.
Regional Analysis
Also, Global Biohacking Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Synbiota , Thync Global Inc., Apple, MoodMetric, HVMN, Inc, Fitbit, Inc., and Others
Market Taxonomy
By Product
• Smart Drugs
• Sensors
• Strains
• Others
By Application
• Synthetic Biology
• Genetic Engineering
• Forensic Science
• Diagnosis & Treatment
• Drug Testing
By End User
• Pharmaceutical & Biotechnology Companies
• Forensic Laboratories
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Biohacking Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Biohacking Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Biohacking Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Biohacking Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Biohacking Market Share Analysis, By Product
5.3 Global Biohacking Market Size and Forecast, By Product
5.3.1 Smart drugs
5.3.2.Sensors
5.3.3. Strains
5.3.4. Others
6 Global Biohacking Market , By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Biohacking Market Share Analysis, By Application
6.3 Global Biohacking Market Size and Forecast, By Application
6.3.1 Synthetic Biology
6.3.2 Genetic Engeering
6.3.3. Forensic science
6.3.4. Diagnosis & Treatment
6.3.5.Drug Testing
7 Global Biohacking Market, End user
7.1 Y-o-Y Growth Comparison, End user
7.2 Global Biohacking Market Share Analysis, End user
7.3 Global Biohacking Market Size and Forecast, End user
7.3. 1 Pharmaceutical & Biotechnology Companies
7.3.2 Forensic Laboratories
7.3.3. Others
8Global Biohacking Market, By Region
8.1 Global Biohacking Market Share Analysis, By Region
8.2 Global Biohacking Market Share Analysis, By Region
8.3 Global Biohacking Market Size and Forecast, By Region
9 North America Biohacking Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Biohacking Market Share Analysis, By Product
9.3 North America Biohacking Market Size and Forecast, By Application
9.4 North America Biohacking Market Size and Forecast, End user
9.5 North America Biohacking Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeBiohacking Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Biohacking Market Share Analysis, By Product
10.3 Europe Biohacking Market Size and Forecast, By Application
10.4 Europe Biohacking Market Size and Forecast, End user
10.5 Europe Biohacking Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Biohacking Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Biohacking Market Share Analysis, By Product
11.3 Asia Pacific Biohacking Market Size and Forecast, By Application
11.4 Asia Pacific Biohacking Market Size and Forecast, End user
11.5 Asia Pacific Biohacking Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Biohacking Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Biohacking Market Share Analysis, By Product
12.3 Latin America Biohacking Market Size and Forecast, By Application
12.4 Latin America Biohacking Market Size and Forecast, End user
12.5 Latin America Biohacking Market Size and Forecast, Country
13Middle East Biohacking Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Biohacking Market Share Analysis, By Product
13.3 Middle East Biohacking Market Size and Forecast, By Application
13.4 Middle East Biohacking Market Size and Forecast, End user
13.5 Middle East Biohacking Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Synbiota
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Thync Global Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Apple
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 MoodMetric
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 HVMN, Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Fitbit, Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Others
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
"