The global biohacking market size was US$ 19.5 billion in 2021. The global biohacking market size is forecast to reach US$ 54.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 17.5% during the forecast period from 2022 to 2030.

Citizen or do-it-yourself (DIY) biology is a term used to describe biohacking. For many biohackers, this entails making minor, gradual modifications to people's diet or lifestyle in order to improve their health and well-being. From rapid weight loss to improved brain function, biohacking offers it all. However, the finest biohacking outcomes come from knowing what works for the body and being cautious about what doesn't. Biohacking can take many different forms. Nutrigenomics, DIY biology, and grinder are the three most popular types. Meditation and intermittent fasting are two common biohacking practices that have been around since ancient times.

Factors Influencing Market Growth

• The growing demand for smart devices and the rising prevalence of chronic diseases are factors driving the growth of the global biohacking market. 
• Regulations governing genetic engineering experiments, the lack of funds required for research, and the dearth of expertise and cyber security practices may slow down the overall market growth.
• Rising adoption of biohacking practices by consumers, advantageous public and private funding, and initiatives by key companies are forecast to fuel the global market growth.

Impact Analysis of COVID-19

The COVID-19 pandemic had a severe impact on the global market. During the initial stage of COVID-19, the demand for COVID-19 treatment increased. As a result, several biohackers focused on research activities for manufacturing a COVID-19 vaccine using their biohacking strategies. Various biohackers produced a COVID-19 testing kit, which, if approved, would enable the world to scale up COVID-19 testing. Therefore, the COVID-19 pandemic has contributed to the global biohacking market growth.

Regional Insights

North America garnered the major share in the biohacking market in 2021 and is forecast to maintain its position during the forecast period. As a result of the government's growing R&D activities and organizations to develop novel treatment options for mental health. In addition, the growing adoption of synthetic biology, majorly in the U.S., is driving the market growth in the region.

The Asia Pacific region is forecast to have lucrative growth in the biohacking market during the forecast period. As a result of the rising investment by the governments to establish advanced healthcare infrastructure, endorsed by profitable government initiatives. In addition, the expansive R&D movements in the healthcare sector in the emerging economies, such as China and India, are forecast to fuel the regional market growth during the forecast period.

Leading Competitors

The leading prominent companies profiled in the global biohacking market are:

• Apple Incorporated
• The ODIN
• Thync Global Incorporated
• Fitbit, Incorporated
• Moodmetric
• HVMN Incorporated
• Muse (Interaxon Inc.)
• Thriveport, LLC
• TrackMyStack
• OsteoStrong
• Other Prominent Players

Scope of the Report

The global biohacking market segmentation focuses on Component, Product, Application, End-User, and Region.

Segmentation based on Component

• Solution
• Services

Segmentation based on Product

• Wearables, Implants (Chips)
• Gene Modification Kits
• Smart Drugs
• Supplements
• Others

Segmentation based on Application

• Synthetic Biology
• Genetic Engineering
• Forensic Science
• Diagnosis & Treatment
• Drug Testing
• Other

Segmentation based on End-User

• Pharmaceutical & Biotechnological Companies
• Forensic Laboratories
• Hospitals & Clinics
• Research & Academic Institutes
• Others

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America