Human Augmentation Market

Global Human Augmentation Market Size is valued at USD 132.90 Billion in 2021 and expected to reach USD 500.61 Billion by 2028 with a CAGR of 20.86% over the forecast period. 

Scope of Global Human Augmentation Market Report-

Human augmentation can be described as the natural, artificial, or technological alteration of the human body in order to enhance physical or mental capabilities. Human augmentation is an area of research aimed at improving an individual's skills through medicine or technology. Human body augmentation has made significant progress in its use, especially in the medical services, military, national defense, and manufacturing sectors. Human augmentation, another popular technology that should change the way people communicate with each other is real-time voice translation. 

The Covid-19 pandemic has shown a negative impact on the growth of the global human augmentation market. Key makers of human augmentation products were seriously impacted during the initial days of the pandemic. Because of lockdowns being forced in numerous regions, an imbalance in the interest and supply was seen, prompting organizations not manufacturing at their fullest limit. The supply chain disruptions brought about by the pandemic have adversely affected the shipments of exoskeletons, AR and VR gadgets like head-mounted displays, projectors and display walls and signal-tracking devices. However, the developing need to follow ailments because of the pandemic and the rising reception of such gadgets by health-conscious individuals has essentially added to the market development. The developing interest for smart wearables equipped for observing heart rate and SpO2 levels has additionally propelled the market development. 

Human Augmentation Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028. Increasing demand for wearable augmentation devices in the healthcare industry and various benefits offered by human augmentation technology are some of the major factors driving the growth of the Global Human Augmentation Market.

Global Human Augmentation Market Segmentation:-

The global human augmentation market is segmented based on the type, functionality, application, and region & country level. Based on type, the global human augmentation market is segmented into wearable augmentation and in-built augmentation. Based on functionality, the global human augmentation market is segmented into body-worn, and non-body worn. By application, the global human augmentation market is segmented into industrial, medical, defense, and others.  

By Type: 

• Wearable Augmentation 
• In-Built Augmentation 

By Functionality: 

• Body Worn 
• Non-body Worn 

By Application: 

• Industrial 
• Medical 
• Defense  
• Others 

Human Augmentation Companies

Some major key players for the global human augmentation market report cover prominent players like

• BrainGate
• Ekso Bionics
• Temia
• Google
• Raytheon
• Magic Leap
• Rewalk Robotics
• Samsung Electronics
• Second Sight Medical
• Vuzix Corporation.
• others.

North America is Expected to Dominate the Global Human Augmentation Market

Geographically, North America is expected to dominate the global human augmentation market within the forecast period due to the increasing demand for wearable augmentation devices from the healthcare industry, rising technological advancements, and growing investments in artificial intelligence technologies in virtual reality in this region. Increasing demand for wearable augmentation devices from the healthcare industry is driving the growth of the market. For instance, as per the news published, on March 15th, 2022; a Golden-based health tech company launched a new wearable, rechargeable medical device. In addition, the rising technological advancements are also supplementing market growth. For instance; as per the news published, on July 8th, 2021; Esper launched advanced hand prostheses enhanced by AI and IoT technologies for Human Augmentation.  

The Asia Pacific is the fastest-growing region in the global human augmentation market due to increasing awareness about the benefits of medical wearable augmentation devices; rising demand for enhancement products and the presence of key players in this region. For instance; as per the news published, on June 9th, 2022; Japanese scientists developed a robotic 'sixth finger' for human augmentation. 

Recent Developments

Japanese Scientists Developed Robotic 'sixth finger' for Human Augmentation 

On June 9th, 2022; Japanese researchers developed robotic 'sixth finger' for human augmentation. A robotic “sixth finger"" that can be worn on the hand close to the pinky has been made by specialists concentrating on how brains respond to new and free body parts. Electrical signs from muscles are first estimated by four sensors appended to the lower arm. The signs are then moved to an engine to control the robotic finger. 

DASA Launched a New Innovation Focus Area: Human Augmentation (HA) 

On May 9th, 2022; DASA launched a new innovation focus area to explore Generation-After-Next (GAN) human augmentation technologies for use in defense and security. Defense and Security Accelerator (DASA) is pleased to launch an innovation Focus Area (IFA) called Human Augmentation (HA). It is looking for an IFA proposal that introduces GAN solutions to operational challenges for UK defense and security, where human performance is the limiting factor for providing operational impact. 

Increasing Demand for Wearable Augmentation Devices in Healthcare Industry and Various Benefits Offered by Human Augmentation Technology are Some of the Major Factors Driving the Market Growth  

One of the major factors driving the growth of the human augmentation market is the increasing demand for wearable augmentation devices in healthcare industry. Human augmentation is used in prosthetics and bionics to replicate or enhance pre-existing human functions. Functions that are lost or people can at any time help those people to regain such functions by creating medical devices that mimic those functions. Artificial organs are a great example of human augmentation in healthcare. This movement helps to increase the physical capacity of humans suffering from problems. Thus, the use of human augmentation can regain mobility with minimal aggression. Many individuals have profited from human upgrade, which has assisted them with enduring physical stress and recapture physical or mental capacities. Human health and personal satisfaction have worked on because of technological advancements in the areas of neurology, biotechnology, engineering, and processing. Human expectation for new innovation has risen decisively, and accordingly, the healthcare industry is quick evolving. In the health and fitness industries, creative and advanced technology is being embraced at a faster rate. For example; in January 2022, Garmin delivered the Venu 2 Plus, a 43 mm smartwatch accessible in three tones. The Venu 2 Plus incorporates an AMOLED display, countless health, and fitness features, stainless steel hardware, in addition to voice assistant functionality. 

In addition, the various benefits offered by human augmentation technology is also supplementing the market growth. There is a wide range of benefits offered to various businesses and organizations through human conservation technology. Military forces can hire ARs to develop MROs by superimposing advanced data into the client’s real-world vision through the virtual sector. This is to differentiate the visual capabilities required in 3D. In architecture, PC programming must include real conveniences and be free of camera or image. It integrates 3D models of structures presented in space using 3D models in cell phones in addition to extended reality field administrations.  

However, the health worries relating to AR and VR technologies may hinder the growth of the global human augmentation market. Despite that, increasing demand for wearable devices, technological advancement may create more opportunities for the further growth of the market. 

On Special Requirement human augmentation market Report is also available for below Regions and Countries:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 132.90 Billion
Base year considered	2021
Forecast Period CAGR %:	20.86%
Market Size Expected in 2028:	USD 500.61 Billion
Tables, Charts & Figures:	175
Pages	200
Human Augmentation Companies	BrainGate, Ekso Bionics, Temia, Google, Raytheon, Magic Leap, Rewalk Robotics, Samsung Electronics, Second Sight Medical, Vuzix Corporation., and others.
Segments Covered	By Type, By Functionality, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Human Augmentation Market Report:-

• Global Human Augmentation Market Companies report covers in-depth historical and forecasts analysis 
• Global Human Augmentation Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country Level. 
• Global Human Augmentation Market report helps to identify opportunities in the marketplace. 
• Global Human Augmentation Market report covers extensive analysis of emerging trends and the competitive landscape.