Biohacking Market was valued at USD 21.3 billion in 2023 and is projected to grow from USD 24.1 billion in 2024 to USD 49.57 billion by 2032, exhibiting a CAGR of 13.10% during the forecast period (2024 - 2032).
Rising frequency of chronic diseases, awareness of biohacking, and demand for smart devices & drugs are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
July 2024: Apple announced the release of the Apple Watch Series 9, which includes advanced biohacking features such as real-time glucose monitoring and an enhanced ECG app for more accurate heart health tracking. These new features aim to provide users with more comprehensive insights into their health and wellness.
June 2024: HVMN introduced Ketone IQ, a new supplement designed to enhance cognitive function and physical performance through ketone metabolism. This product is geared towards biohackers looking to optimize their mental and physical capabilities with cutting-edge nutritional technology.
May 2024: MoodMetric launched an updated version of its MoodMetric Ring, now featuring advanced sensors that provide real-time biometric feedback on stress levels and emotional states. This new version includes enhanced data analytics and integration with various health apps to support personal well-being and biohacking goals.
The rise of chronic diseases, awareness of biohacking, and demand for smart devices and drugs are the main driving factors for the expansion of the market in the forecast period. Chronic diseases such as: alzimer, arthritis, asthma, bipolar disorder, cancer, depression, diabetes, eczema etc. For instance, as per NCBI, due to chronic diseases about 60% deaths happened and 43% of the global disease burden. The sharp increase in the chronic diseases with the aged population is anticipated to provide opportunities for the growth of the biohackers market in the coming years.
Further, smart devices and drugs segment is also support in the market growth of the biohacking. To innovate new avenues in biotechnology, molecular biology, and genetic engineering, research individuals and scientists performed different laboratory experiments. Biohackers embark on various experiments on the body, inserting microphone or monitoring the heart rate. Some of the main products produced through the experiments are brain sensors, RFID implants, smart drugs, microchips, bacterial and yeast strain, magnetic fingertips, and health trackers.
Additionally, as per World Health Organization (WHO), account for 41billion annual deaths, or 74% of all deaths worldwide. 17 billion individuals worldwide pass away from chronic diseases before they run 70 each year, 86% of these untimely deaths take place in low- and middle-income nations. The majority of chronic deaths, or 17.9 billion people per year, are caused by cardiovascular illnesses, which are followed by malignancies (9.3 billion), diabetes (2.0 billion including kidney disease deaths caused by diabetes).
Use of tabacco products, inactivity, hazardous alcohol use, poor diets, and physical inactivity all raise the chance of dying from chronic diseases. Therefore, such products has increased the chronic diseases due to which the market CAGR of biohacking expand across the globe in the recent years.
However, to cater the demand there has been significant advances in the treatment innovations. For instance, there has been a number of introductions of smart drugs and devices is another factor driving the growth of the biohacking market revenue.
Moreover, the integration of AI in biohacking has enhanced the capabilities of smart devices and diagnostic tools, enabling more precise monitoring and personalized health interventions. This AI-driven approach is further fueling the demand for biohacking solutions, contributing to the market’s rapid growth.
The Market segments of Biohacking, based on Product, includes Smart Drugs, bio sensors, Strains, and others. The Smart drug segment held the majority share in 2022 contribution to the Biohacking Market revenue. This is primarily owing to the rising prevalence of stress and to improve their work quality. Smart drugs are supplements that balance the human health related problems and also used for detection of the G.I. infections and monitoring the drug adhesion among patients across the globe. Moreover, due to the high potential and positive results of smart pills technology, various clinical trials are ongoing. Therefore, smart drug market segmentation is expected to grow in the coming years.
June 2024: Thync Global launched the Thync Calm+, a wearable neurostimulation device that uses low-energy neurosignals to reduce stress and anxiety. The device is equipped with advanced biosensors that monitor physiological responses and adapt the stimulation accordingly, offering personalized stress management for biohackers.
April 2024: HVMN introduced NootroMax, a new smart drug formulated to enhance cognitive function, focus, and memory. This nootropic stack includes natural compounds and synthetic ingredients optimized for biohackers seeking peak mental performance.
March 2024: The ODIN launched a new CRISPR-based DIY kit for creating custom yeast strains that can produce enhanced nutritional profiles. This kit is designed for biohackers interested in experimenting with genetic engineering at home, providing them with tools to modify yeast for personalized supplements and food products.
The Biohacking Market data has been bifurcated by application into synthetic biology, genetic engineering, forensic science, diagnosis & treatment, and drug testing. The forensic sciences segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2024-2032. Researchers and scientists have performed several diagnostic experiments to explore new directions in genetic engineering, magnetic fingerprints, molecular biology, and biotechnology.
Biohackers are accompanying several tests on the human body such as inserting microchips or monitoring the heart rate to regulate stress levels. Several devices have been developed to investigate the human body. Some of the devices are microchips, brainsensors, RFID implants, smart medications, and smart blood pressure monitors.
The magenetic fingerprints tool is developed by forensic sciences to catch the criminal easily. crime scene investigators, forensic scientists, and police offers may swiftly and easily match a fingerprint at a crime scene with a large virtual database thanks to modern forensic tools. Additionally, the use of no-toch wanding and magnetic fingerprints dust allows detectives to obtain a flawless imprint of fingerprints at a crime scene without contaminating it.
Figure 1: Biohacking Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on End Users, the global biohacking industry has been segmented into pharmaceutical & biotechnology companies, Forensic Laboratories, and others. The pharmaceuticals & biotechnology is the largest segment share in 2022, owing to the increasing geriatric population. The demand for monitoring heart rate devices, blood sugar level, and body movements are another factors support the growth of the pharmaceutical & biotechnology segment in the biohackers market.
The forensic laboratories is the fastest growing segment in the coming years.
Biohacking Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America biohacking market accounted for USD 9.20 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the growing incidence of chronic diseases, awareness of biohacking as well as an ageing population across the region.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Biohacking Market Share By Region 2023 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe biohacking market accounts for the second-largest market share due to the availability of cutting-edge treatment facilities, government backing for the growth of the healthcare industry, an ageing population, and an increase in incidence of chronic disease. Further, the Germany market of biohacking held the largest market share, and the UK market of biohacking was the fastest growing market in the European region.
The Asia-Pacific biohacking Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to increased rates of chronic disease, government initiatives towards healthcare sector, and awareness of biohacking. Moreover, China market of biohacking held the largest market share, and the India market of biohacking was the fastest growing market in the Asia-Pacific region.
Biohacking Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market growth of market of biohacking. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the biohacking industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the global biohacking industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, biohacking industry has provided smart drug with some of the most significant benefits. The biohacking market major player such as Thync Global Inc. (US), Synbiota (Canada), Apple (US), HVMN, Inc. (US), MoodMetric (US), THE ODIN (US), Fitbit, Inc., and others are working to expand the market demand by investing in research and development activities.
Apple (US) is a producer of personal computers, computer peripherals, smartphones, and computer software. In healthcare sector Apple provides the best care with powerful and intuitive tools. Its technology helps them work effectively with in hospitals, conduct groundbreaking medical research and connect remotely with patients.
Apple continues to enhance its Apple Watch’s healthcare and fitness capabilities with the introduction of watchOS 11 in 2024. Among the most exciting updates is the inclusion of advanced Sleep Apnea detection, a feature designed to provide users with more in-depth insights into their sleep health. This update adds a new dimension to the device’s sleep-tracking functionality, offering better monitoring of patterns and improving users’ overall health management.
Additionally, watchOS 11 introduces a redesigned Vitals app, which now provides more detailed tracking of health metrics, including sleep patterns and heart rate variability. This functionality aims to empower users with more accurate data to help them understand their overall health.
With these new additions, Apple Watch solidifies its position as a leading tool for personal health monitoring, especially for users looking to optimize their sleep and fitness routines.
The update also brings improvements to the activity tracking system, allowing users to pause their daily fitness tracking, which is especially helpful for those who need recovery days without affecting their fitness streaks. These changes make the Apple Watch even more customizable, catering to a broader range of health needs
InterXon inc. is a leading neurotechnology company with a brain and biosensor platform of software and hardware products, a consumer and licensable B2B products, a sophisticated infrastructure in data-cloud form. InteraXon’s main motive is to enhance its leading brain health platform through launching a model of wellness membership. It also supports growing offerings for third-party researchers, clinicians, developers and other strategic partnerships.
Key Companies in the market of Biohacking includes
Biohacking Industry Developments
August 2024: Thync Global introduced the Thync Relax Pro, an upgraded version of their neurostimulation device designed to enhance sleep quality. This device uses transdermal neuromodulation to calm the nervous system and promote deeper, more restful sleep, catering to biohackers looking to optimize their sleep cycles.
July 2024: Fitbit launched the Fitbit Sense 3, which includes advanced biosensors for monitoring stress levels, skin temperature, and electrodermal activity. The device is designed to provide more comprehensive health insights, integrating with Google Health AI to offer personalized recommendations for stress management and overall well-being.
June 2024: The ODIN released the DIY CRISPR Kit 2.0, which allows users to perform more complex genetic modifications at home, including editing bacterial strains for probiotic enhancements. This kit is targeted at biohackers and enthusiasts looking to experiment with synthetic biology in a more accessible and user-friendly format.
Biohacking Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 21.3 billion |
| Market Size 2024 | USD 24.09 billion |
| Market Size 2032 | USD 49.57 billion |
| Compound Annual Growth Rate (CAGR) | 13.1% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018 - 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Operating Platforms, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Thync Global Inc. (US), Synbiota (Canada), Apple (US), HVMN,Inc. (US), MoodMetric (US), THE ODIN (US), and Fitbit, Inc. (US) |
| Key Market Opportunities | · Increasing chronic diseases · Aged population · New innovations |
| Key Market Dynamics | · Awareness of biohacking · Prevalence of chronic diseases · Demand for smart devices and drugs · Research and development |
Biohacking Market Highlights:
Frequently Asked Questions (FAQ) :
The Biohacking Market size was valued at USD 21.3 Billion in 2023.
The global market is projected to grow at a CAGR of 13.1% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Thync Global Inc., Synbiota (Canada), Apple (US), HVMN,Inc. (US), MoodMetric (US), THE ODIN (US), and Fitbit, Inc. (US).
The smart drugs product dominated the market in 2022.
The Forensic science had the largest share in the global market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
