The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s biohacking market report forecasts the biohacking market size to grow to $65.95 Billion by 2027, with a CAGR (compound annual growth rate) of almost 23%.

Learn More On The Biohacking Market Report 2023 – https://www.thebusinessresearchcompany.com/report/biohacking-global-market-report

Biohacking Market Size Forecast
The global biohacking market is expected to grow from $23.34 billion in 2022 to $28.87 billion in 2023 at a compound annual growth rate (CAGR) of 23.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biohacking market size is expected to grow to $65.95 billion in 2027 at a CAGR of 22.9%.

North America held the largest biohacking market share and the fastest-growing region in 2022.

Key Biohacking Market Driver ­– Rise In The Prevalence Of Chronic Diseases
For instance, according to the World Health Organization, a US-based specialized agency responsible for international public health, chronic disease prevalence has risen by 57% in the year 2020. Also, 19.3 million new cancer cases were registered, and almost 10.0 million cancer deaths occurred in 2020. Therefore, the rising prevalence of chronic diseases is driving the growth of the biohacking market.

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Key Biohacking Market Trend – Product Advancement
Major companies operating in the biohacking sector are focused on new product advancements to strengthen their position in the market. For instance, in January 2022, Velovita, a US-based biohacking solutions provider, introduced Zlem, a dietary supplement bio-hacking formula for quality sound sleep and weight management. Zlem is a potent supplement with more than 20 ingredients that can help users sleep better and burn fat that has accumulated in the body while resting at night. This product also helps the body get rid of impurities and gives users a balanced, healthy state of mind every morning.

Biohacking Market Segment
1) By Product: Wearables, Implants (Chips), Gene Modification Kits, Smart Drugs, Supplements, Mobile Apps, Other Products
2) By Component: Solution, Services
3) By Application: Synthetic Biology, Genetic Engineering, Forensic Science, Diagnosis and Treatment, Drug Testing
4) By End-User: Pharmaceutical and Biotechnology Companies, Hospitals and Clinics, Forensic Laboratories, Research and Academic Institutes, Other End Users

Biohacking Market Major Players and Strategies
Major players in the biohacking market are Thync Global Inc., Fitbit Inc., OsteoStrong, HVMN Inc., Thriveport LLC, Apple Inc., Kaatsu Global, TrackMyStack, Interaxon Inc., SynBioBeta LLC, Elysium Health, InteraXon Inc., Behavioral Tech, Synbiota, and Primal Life Sciences.

The Biohacking Global Market Report 2023 covers regional data on biohacking market size, biohacking market trends and drivers, opportunities, strategies, and biohacking market competitor analysis. The countries covered in the biohacking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Biohacking, also known as human augmentation or human enhancement, is a type of do-it-yourself biology that aims to improve ability, fitness, and wellbeing through intentional interventions.

 View More Reports Related To The Biohacking Market –
Bioinformatics Global Market Report 2023
Renal Biomarkers Global Market Report 2023
Biosimilars Global Market Report 2023

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