The Asia Pacific Human Augmentation Market would witness market growth of 20.7% CAGR during the forecast period (2021-2027).
Human augmentation, also referred as Human 2.0, includes technologies that are utilised to increase the physical capabilities of the human body's vital elements. The emergence of a wider range of implants as well as other technologies for human modification has resulted from technological breakthroughs in IT. Furthermore, genetically altered human technologies are crucial in the treatment of a variety of illnesses and impairments.
Rising demand for wearable human augmentation devices in the healthcare industry, the recent introduction of AI-powered wearables, and swift technological developments like miniaturisation of sensors, availability of fast processing chipsets, nanotechnology evolution and usage of brain-computer interfaces, are few of the key factors driving the growth of the market.
There is an increased awareness of therapeutic uses of medical wearable augmentation goods in the region, as well as the rising number of novel applications of augmentation products. The human augmentation business in Asia is predicted to rise due to rising populations and economies in emerging nations such as China and India. Furthermore, the fastest-growing markets for human enhancement goods in the area are likely to be China, and Japan, India.
The China market dominated the Asia Pacific Human Augmentation Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $34,951 million by 2027. The Japan market is poised to grow a CAGR of 20% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 21.4% during (2021 - 2027).
Based on Functionality, the market is segmented into Body-worn and Non-body-worn. Based on Product Type, the market is segmented into Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Intelligent Virtual Assistants, and Others. Based on Application, the market is segmented into Consumer, Commercial, Medical, Aerospace & Defense, Industrial, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Human Augmentation Market is Projected to reach USD 385.9 Billion by 2027, at a CAGR of 18.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ekso Bionics Holdings, Inc., Cyberdyne, Inc., Magic Leap, Inc., ReWalk Robotics Ltd., Samsung Electronics Co., Ltd. (Samsung Group), Google LLC, Garmin Ltd., Casio Computer Co., Ltd., Fossil Group, Inc., and Vuzix Corporation.
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