Biohacking Market size to grow by USD 32.68 billion from 2023-2028| Apalon LLC, Apple Inc., Beeblesoft Ltd., Biohacker Center Store, Biohackers Health and Fitness and more among the key companies - Technavio

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Nov 03, 2023, 17:35 ET

NEW YORK, Nov. 3, 2023 /PRNewswire/ -- The Biohacking Market size is expected to increase by USD 32.68 billion, accelerating at a CAGR of 19.26% during the forecast period, according to Technavio Research. Companies are implementing various strategies like forming partnerships, mergers, expanding into new areas, and launching new products to improve their market position. The report also offers detailed analyses of the market's competitive landscape, featuring information on 15 leading companies including Apalon LLC, Apple Inc., Beeblesoft Ltd., Biohacker Center Store, Biohackers Health and Fitness, Biostrap USA LLC, Fitbit LLC, Halo Neuro Inc., Health Via Modern Nutrition Inc., InteraXon Inc., NEUROHACKER COLLECTIVE LLC, Nuanic Oy, Oura Health Oy, Soylent Nutrition Inc., Synthego Corp., The ODIN, Thync Global Inc., True Wellness LLC, Vigofere Oy and Viome Life Sciences Inc. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read PDF Sample Report

Technavio has announced its latest market research report titled Global Biohacking Market 2024-2028

Biohacking Market 2024 – 2028: Company Profile:

Apalon LLC: The company offers biohacking solutions such as MoodKit and Moodnotes through its subsidiary Thriveport LLC.

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Biohacking Market 2024 – 2028: Company Profile: Regional Analysis

Projections indicate that North America is expected to make a substantial 41% contribution to the global market's growth during the forecast period. The North American region, led by the United States and closely followed by Canada, is set to take the lead in the biohacking market for 2022. This dominance can be attributed to the presence of a sizable, health-conscious population with the means to invest in connected fitness equipment, fostering the adoption of biohacking in North America. Furthermore, the increasing prevalence of age-related health conditions is expected to drive the demand for biohacking in North America during the forecast period.

Biohacking Market 2024 – 2028: Company Profile: Segmentation Analysis

The market has segmented by Product (Wearables and Smart drugs), Application (Forensic science, Synthetic biology, Genetic engineering, and Others), and Geography (North America, Asia, Europe, and Rest of World (ROW)).

The wearables segment is expected to experience substantial market share growth during the forecast period. Wearable technology plays a significant role in the biohacking movement, which aims to improve human health and well-being through the integration of technology and data. These sophisticated devices, ranging from smartwatches to fitness trackers, empower users to monitor various aspects of their physiology in real-time. The demand for wearables is on a significant rise, and their capabilities for tracking and analyzing activities continue to advance each year.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

Biohacking Market 2024 – 2028: Company Profile: Driver & Trend:

Driver

Rising awareness of the benefits of a healthy lifestyle
Increasing need for daily exercise due to hectic work and lifestyle-related issues
Growing global prevalence of overweight and obesity, impacting cancer rates
Gradual increase in consumer awareness of healthy living through various media channels
The surge in fitness activities is driving market growth by adopting technology and data for improved well-being.

Trend - Rising consumer interest in yoga, aerobics, and mixed martial arts is the primary trend shaping market growth.

Identify key trends, drivers, and challenges in the market. Download the sample report to gain access to this information

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What are the key data covered in this biohacking market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the biohacking market between 2024 and 2028.
Precise estimation of the biohacking market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of biohacking market vendors.

TOC:

Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Applications
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio