Experiments in the field of biology include the use of drugs or the editing of genes or implants that enhance the abilities or qualities of living organisms. This is done by individuals and their groups working in a scientific research environment or a traditional medical laboratory. Biohacking consists of managing one’s own biology by combining nutritional, electronic and medical technologies. It is also called Do-It-Yourself (DIY) biology. Biohacking has brought an absolute change in the field of synthetic biology. Biohacking has developed a desire to develop and innovate new products. It combines aspects of technology and synthetic biology. Laboratory experiments are conducted by scientists and researchers to explore new avenues in biotechnology, genetic engineering and molecular biology. Biohackers engage in many experiments on the body such as monitoring heart rate or inserting microchips to control stress levels. Biohacking market size is worth $52,779.36 million by 2027
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Biohackers have developed and are developing various products to explore the human body. Some of the notable products are smart drugs, microchips, magnetic fingers, brain sensors, RFID implants, bacterial and yeast strains, body sensors, and smart health monitors. Currently, wearable scanning technology devices are widely available. The current generation has a positive approach towards Biohacking and its devices. Tracking heart rate, steps, blood sugar and body movement, calorie burning or any other metric can be called biohacking by analytics. The options in terms of biohacking to track one’s biological performance are vast, innovative and constantly increasing.
Global biohacking market: key trends
Growing awareness of biohacking, growing demand for smart devices and effective medicines, and growing prevalence of chronic diseases are factors that are expected to drive the global biohacking market over the forecast period. However, stringent regulations that govern genetic engineering experiments, lack of necessary funds for research and lack of expertise along with cybersecurity practices are expected to restrain the market during the forecast period.
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Biohacking Market Segmentation:
• Outdoor biohacking
• Internal biohacking
• Smart drugs
• Synthetic biology
• Genetic engineering
• Forensic Science
• Diagnosis and treatment
• Drug testing
Per end user
• Pharmaceutical and biotechnology companies
• Forensic laboratories
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Global Biohacking Market: Regional Analysis
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In terms of region, the global biohacking market can be segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. North America is expected to be a top market for biohacking during the forecast period. The dominance of the region can be attributed to the strategic presence of key players in the United States and Canada.
Major Players Included in Biohacking Market:
• Fitbit, Inc.
• Apple Inc.
• Synbiote, Inc.
• The Odin
• HVMN Inc.
• Thync Global Inc.
• Interaxon Inc.
• Behavioral technology.
• Modern Alkame