Human Augmentation Market worth $1135 Million by 2020

The development and adoption of the human augmentation technology in the medical and defense industry has revolutionized the human augmentation market.

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According to a new market research "Human Augmentation Market by Product (In-Built Augmentation and Wearable Augmentation), Application (Medical, Defense, Industrial), & Geography - Global Forecast to 2020" the total Human Augmentation Market was valued at $91.8 million in 2013 and is expected to reach up to $1135 million by 2020, at a CAGR of 43.52% between 2014 and 2020.

The “human augmentation”, also known as “human enhancement”, basically focuses on creating cognitive and physical improvements in the human body. A basic example that can be cited is the usage of the active control systems to create limb prosthetics in order to exceed the human performance. This market works on techniques that are not only limited to treating illnesses and disability, but also for enhancing human characteristics and capacities.

The factors that are driving the growth of the human augmentation market are the moving of the healthcare industry toward perfection; a safe and strong defense; and sensors advancement. However, the major restraints for the growth of the market are ethical, legal, and social concerns; and high cost equipment and lack of skilled personnel. Technical development is expected to create lot of opportunities for the growth of the market.

Scope of the report:

This report categorizes the global market for human augmentation on the basis of products, applications, and geography.

Market based on products:

The human augmentation market, based on products, is segmented into two types; namely the in-built augmentation and wearable augmentation types. The wearable augmentation type has been further segmented into wrist-wear, eye-wear, foot-wear, neck- wear, body-wear, and others types.

Market on the basis of applications:

The application areas of the human augmentation technology include medical, defense, industrial, and others

Market based on geography:

The geographic analysis covers North America, Europe, Asia-Pacific, and Rest of the World (RoW). The cross segmentation data included in the report gives a deep insight about the regional markets.