Biohacking Market

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6. MarketOverview The Global Biohacking Market size was valued at USD 18.95 Billion. in 2022, and the total revenue is expected to grow by 19.8 % from 2022 to 2030, reaching nearly USD 80.40 Billion. Biohacking is the use of functionally-enhancing drugs or the use of external or internal implants to enhance an individual's cognitive function, memory, and creativity. The most common way is to take nootropic drugs to develop intelligence and concentration. Also known as do-it-yourself (DIY) biology. Biohackers have set up shops in warehouses, garages, and other similar spaces. Well-known labs in the US include Biogarage, Bioartlab, Genspace, BioCurious, and LA Biohackers. Awareness of biohacking, the prevalence of chronic diseases, and demand for smart devices and drugs are the factors likely to drive the biohacking market growth during the forecast period (2021-2028). A lack of cybersecurity practices may hinder the growth of the biohacking market.

7. Regional Analysis The North American region is expected to hold the largest market share in the global biohacking market, due to various state laws in the US, regulating experiments in biology, thus making it Make it easy for bio hackers to share tips and tricks to help out. experts conduct independent structured experiments outside of a controlled experimental environment. On the other hand, Europe has emerged as the second largest market in the biohacking sector, due to the increase in diabetes in this region, mainly due to the increase in overweight and obesity, poor diet and physical inactivity that makes diabetes one of the most important. Chronic diseases are common in the European region, which is expected to continue in the future. According to a report by the World Health Organization (WHO) published in 2019, currently more than 60 million people suffer from diabetes in Europe. Furthermore, diabetes is the main cause of heart disease.

8. The Global Biohacking Market has been segmented into: • ByType • Outside Biohacking • Inside Biohacking • Other • ByApplication • Synthetic Biology • Genetic Engineering • Forensics Sciences • Other

9. Strategic Developments • In September 2020, Fitbit Inc. received US FDA and European Union CE approval for its ECG app for atrial fibrillation assessment. • In September 2020, Apple Inc. launched the iPad Air featuring the A14 Bionic with second-generation machine learning accelerators.

10. Market Players • Thync Global Inc. (U.S.), • Synbiota (Canada), • Apple (U.S.), • HVMN, Inc. (U.S.), • MoodMetric (U.S.), • THE ODIN (U.S.), • Fitbit, Inc. (U.S.), • And Others.

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