With a predicted CAGR of 21.0% during the projection period, the Human Augmentation Market is expected to increase from USD 131.7 billion in 2021 to USD 341.2 billion by 2026. Its rise is linked to escalating expenditure in research and development operations, rising demand for innovative medical technologies, and expanding wearable technology use. The report also highlights COVID-19's effects on the market and identifies various market-driving factors for human augmentation, including rising wearable technology and exoskeleton usage in the healthcare sector and rising interest in augmented and virtual reality technology in the gaming and entertainment industries.

The report profiles key players such as Samsung Electronics Co., Ltd. (South Korea), Google LLC (US), Ekso Bionics (US), Vuzix Corporation (US), Garmin Ltd. (US), Fossil Group, Inc. (US), B-Temia Inc. (Canada), Casio (Japan), Magic Leap (US), ReWalk Robotics (US), and CYBERDYNE INC. (Japan).

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This growth can be attributed to a number of factors, including the rising demand for wearable human augmentation devices in the healthcare industry, the recent appearance of wearable devices powered by AI, and the quickening pace of technological development, including the availability of fast processing chipsets, the miniaturisation of sensors, the use of brain-computer interfaces, and the development of nanotechnology.

Wearable devices to account for the largest share of the human augmentation market during the forecast period

Throughout the projection period, wearable device sales are anticipated to account for the biggest market share for human enhancement. This expansion is linked to the rise in the usage of wearable technology for tracking fitness and health, which has become a key driver of market expansion. The availability of tiny multifunctional ICs and cutting-edge sensor technologies has helped the creation of affordable wearable devices for a variety of applications. The market demand for wearable devices has grown as a result of their ability to incorporate various types of sensors into clothing, headwear, wristbands, socks, shoes, glasses, and wristwatches for continuous health monitoring.

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Non-body-worn human augmentation products to register the highest growth during the period from 2021 to 2026

Between 2021 and 2026, the non-body-worn human augmentation products are anticipated to expand at the fastest rate. The desire for immersive content for AR and VR devices, particularly for gaming and entertainment applications, is driving the market for non-body-worn goods such intelligent virtual assistants, VR projectors and display walls, and AR and VR software. The market for non-body-worn human enhancement products is anticipated to increase as AR and VR technologies become more widely used in a variety of sectors, including healthcare, education, and retail.

Asia Pacific to register the highest growth in the human augmentation market during the forecast period

The market for human augmentation is anticipated to develop at the highest rate during the forecast period in the Asia Pacific region. This development might be ascribed to the existence of highly developed industrial sectors in nations like China and Japan, which offer enormous potential for the development of human augmentation technology. Large populations in the area and a sizable mobile user base are the main drivers of market growth. In several emerging nations in the region, including India, the market for human augmentation is expanding at an accelerated rate due to the increased demand for smart devices, rising disposable income, and the simple accessibility of cheap labour.

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