Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Human augmentation is a technology that is used to boost human ability and efficiency through the artificial method. It is the integration of biotechnology, electronics and machines that are used to enhance the required or existing skills in humans by the use of natural or artificial methods. Human augmentation has shown a chief improvement towards its application mostly in healthcare, military, defense and manufacturing organizations are also financing in arranging human augmentation technology which is in the form of exoskeletons. The growing demand for human augmentation in different sectors is uplifting the developers to make more advancements in human augmentation technology which in turn drives the market growth.
The rapid development in the healthcare sector is the primary factor driving the growth of the human enhancement market. Further, there is an increasing demand for wearable augmentation products also technological advancements in sensor technology market has further propelled the market growth of the human augmentation market. High-cost equipment and lack of IT professionals are the major disadvantages of the global human augmentation market. In addition, imposition of strict regulations for the approval of augmentation devices along with social and legal concerns inhibits the market growth. Rapid product launches and merger and acquisitions between different healthcare IT companies are the major trends which is observed in the global human augmentation market.
During the pandemic of Covid-19 human augmentation market has shown significant growth due to various benefits across various industries. For instance, in March 2020 Fitbit merged with The Scripps Research Institute and Stanford Medicine over the research which basically aimed at using Fitbit data to help track, detect and contain infectious diseases like Covid-19.
The report analyses the Human Augmentation Market based on technology, functionality, and geography.
By Technology, the global human augmentation market is segmented into augmented reality, wearable, exoskeleton, virtual reality, intelligent virtual assistants. Wearable’s segment has a major role in the technology segment. Enterprise wearables can allow experts and experienced employees to mentor employees who are in field. This kind of collaboration between field workers and in-house experts is increasing the importance of the wearables.
The global human augmentation market by functionality is classified into body worn, non-body worn. Both the segments body worn and non-body worn plays an equally important role. Casio Company realizes the potential for smartwatches in the wearable technology market. Therefore, it basically is focusing on offering and developing new products launched in the market to its consumers frequently.
Geographically, the human augmentation market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. Asia pacific is expected to be a growing region in the forecast period. North America holds the largest share in the market. The market in Latin America and Middle East & Africa is also likely to grow significantly during the forecast period.
Some of the major players operating in this market include Google Inc. (US), Samsung Electronics Co. Ltd. (South Korea), Ekso Bionics Holdings Inc. (US), Vuzix Corporation (US), Garmin (US), Fossil Group Inc. (US), B-Temia Inc. (Canada), Casio (Japan), Magic Leap Inc. (US), Rewalk Robotics Inc. (Israel), Polar Electro (Finland).
The report analyses the human augmentation market based on technology, functionality, and geography.
The global human augmentation market by functionality is classified into body worn, non-body worn. Both the segments body worn and non-body worn plays equally important role. Casio Company realizes the potential for smartwatches in the wearable technology market. Therefore, it basically focused on offering and developing new products to its consumers frequently.
Some of the major players operating in this market include Google Inc. (US), Samsung Electronics Co. Ltd. (South Korea), Ekso Bionics Holdings Inc. (US)
Geographically, the Human Augmentation Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which include Latin America, and Middle East & Africa.
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