Use of Human Enhancement Technology to Shoot-Up in Asia-Pacific (APAC) in Future


Posted August 10, 2020 by devanshu

The value of the global human enhancement market is predicted to grow from $64.8 billion to $271.6 billion from 2019 to 2030. Furthermore, the market will advance at a CAGR of 14.7% from 2020 to 2030

 
One of the biggest factors responsible for the soaring popularity of human enhancement solutions is the burgeoning usage of exoskeletons in various rehabilitation centers across the world. For example, exoskeleton systems are widely used in gait therapy as they allow physically disabled persons to stand, sit, walk, and perform several other motor functions.

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One of the major technological breakthroughs of the 21st century is the development of human enhancement technologies. Human enhancement is defined as the artificial or technological modification of the human body for enhancing its mental or physical capabilities. The other major factor fueling the usage of exoskeleton systems in rehabilitation centers is their ability to monitor the movement of people with the help of sensors.

Another important factor responsible for the surging adoption of human enhancement solutions and systems is the increasing incidence of neurological disorders throughout the world. Due to these factors, the value of the global human enhancement market is predicted to grow from $64.8 billion to $271.6 billion from 2019 to 2030. Furthermore, the market will advance at a CAGR of 14.7% from 2020 to 2030, as per the predictions of P&S Intelligence, a market research company based in India.

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Additionally, these systems assist people in gaining strength and are thus, extensively used in rehabilitation centers. For example, University Hospitals (UH), one of the best hospitals in the U.S., uses the exoskeletons developed by Ekso Bionics Holdings Inc., a leading exoskeleton solutions developing company, for helping the people suffering from multiple sclerosis (MS), Parkinson’s disease, and various other spine and brain diseases.
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Issued By Devanshu
Country United States
Categories Business
Last Updated August 10, 2020