Rapid Usage of Exoskeletons at Rehabilitation Centers Driving Human Enhancement Market


Posted July 21, 2020 by devanshuraizada1

A high demand for active implants is being created by the rapidly increasing aging population, which is further driving the human enhancement market.
 
Major human enhancement technologies are smart devices (including fitness trackers, smart watched and bands, and smart clothing), implants (including brain enhancement implants, passive implants, and active/sensor implants), medical devices (including hearing aids and bionic lenses), and exoskeletons (including full body, upper, and lower). Among all these, the demand for implants was the highest in the past in the human enhancement market, which is ascribed to the surging geriatric population and growing prevalence of neurological and chronic diseases.

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Human enhancement technologies find applications in industrial, healthcare, and defense sectors, among which, the largest demand for these technologies was created for applications in the healthcare sector in 2019. This can primarily be attributed to the increasing popularity of wearable medical devices and increasing expenditure in the healthcare industry. Apart from this, the growing utilization of these technologies in the defense sector is also predicted to drive the human enhancement market.

A high demand for active implants is being created by the rapidly increasing aging population, which is further driving the human enhancement market. Other than this, the demand for different smart devices is also projected to grow considerably in the years to come. This is owing to the emergence of connected devices, surging penetration of smartphones, miniaturization of hardware, and increasing utilization of cloud computing.

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Geographically, North America has emerged as the largest human enhancement market in recent years, which
is due to the fact that the region is the major procurer of connected wearable devices, including connected clothes, wrist-worn computers, and gesture control devices. Hence, the adoption of human enhancement technologies is growing due to the increasing prevalence of chronic diseases.
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Issued By Devanshu
Country United States
Categories Business
Last Updated July 21, 2020