• Blog
  • Biohacking Market Report

    Biohacking Market Report

    Biohacking Market Report
    Report code - SRHL297 Delivery - 2 Weeks
    Get Free Sample |
    Play Audio
    Listen
    Global Biohacking Market, Dynamics, and Market Analysis
    See more...

    Impact of COVID-19 on Biohacking Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Biohacking Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Biohacking Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 19.7% during the forecast period.

    Figure: Global Biohacking Market Size, 2020-2026 (USD Million)

    Biohacking-Market-Forecast

    Wish to get a free sample report? Click here.

    What is Biohacking?

    Biohacking, also known as do-it-yourself (DIY) biology, which 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.

    Key Players

    Key players operating in the global biohacking market are-

    • 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

    End Use Trends

    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 2020 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 the segment growth.

    Regional Trends

    By region, the North American market witnessed the highest market share in 2020 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.

    COVID-19 Impact on Global Biohacking Market

    The outbreak of COVID-19 virus has positively influenced affected the biohacking industry. The COVID-19 crisis has resulted in a surge in the 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.

    Critical Questions Answered in the Report

    • What are the key trends in the global biohacking market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on the global biohacking market?
    • What are the key strategies adopted by the major vendors to lead in the global biohacking market?
    • What is the market share of the top vendors?

    Wish to learn more about this report? Request a sample here.

    Target Audience

    • Biohacking companies
    • Biohacking vendors
    • R&D companies
    • Hospitals
    • Drug manufacturing companies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The biohacking market is expected to witness an impressive growth of 19.7% CAGR in the foreseeable future.

    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) are among the key players in the biohacking market.

    North America witnessed the highest share in the biohacking market in 2020.

    The pharmaceutical & biotechnological companies segment is expected to register the fastest CAGR in the biohacking market during the forecast period.

    Growing innovative trends towards neuro-nutrition as well as increasing awareness of biohacking in the health & wellness space, Significant technological growth coupled with the internet of things (IoT) penetration in consumer electronics and healthcare are the factors driving the growth of biohacking market.

    Biohacking companies, Biohacking vendors, R&D companies, Hospitals, Drug manufacturing companies are the target audience in the biohacking market.

    •