Biohacking Market Overview with COVID-19 Impact, Analysis and Forecast Report by 2027


Posted October 9, 2020 by pankajrathi

Increase in innovative trends towards neuro-nutrition & growing biohacking in health & wellness space is the key driving factor which is expected to boost the global biohacking market growth.
 
The Biohacking Market report, at first, has given a brief understanding of the industry through basic overview. This overview includes the market definition, key applications of the product, and the recent manufacturing technology employed for such production. The global Biohacking market has been analyzed in detail to gain an understanding of the competitive landscape, key regional status, and recent trends noted in the relevant industry.

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Biohacking is defined as use of function-enhancing drugs or the use of internal or external implants to improve cognitive function, creativity, and memory in individuals. This is most prolific method includes the intake of nootropic drugs to develop focus and intelligence. It is also called as do-it-yourself (DIY) biology. Biohackers have set up shop in garages, warehouses, and other spaces.

Market Drivers
Increase in innovative trends towards neuro-nutrition & growing biohacking in health & wellness space is the key driving factor which is expected to boost the global biohacking market growth. Furthermore, continuous technological advancement coupled with internet of things (IoT) penetration in various industries such as consumer electronics, healthcare will positively influence the market growth. In addition to that, increase in demand for smart devices and drugs to meet the quality healthcare needs amongst the population with the prevalence of chronic disorders will propel the market growth.

Market Restraints
However, lack of expertise is the major restraining factor which is expected to hinder the global biohacking market growth. Also, cyber security practices will affect the market growth during this analysis period.

Market Key Players
Various key players are discussed in this report such as Synbiota, Thync Global Inc., Apple, MoodMetric, HVMN, Inc, Fitbit, Inc., and Others

Market Taxonomy
By Product
• Smart Drugs
• Sensors
• Strains
• Others
By Application
• Synthetic Biology
• Genetic Engineering
• Forensic Science
• Diagnosis & Treatment
• Drug Testing
By End User
• Pharmaceutical & Biotechnology Companies
• Forensic Laboratories
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Issued By qualiket research
Country India
Categories Biotech , Business , Health
Tags biohacking market
Last Updated October 9, 2020