PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402635
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402635
Human Microchipping Market, By Application, By Type, By Technology, By EndUser, By Geography
Global human microchipping market size is estimated to be valued at US$ 1.71 Bn in 2023 and is expected to reach US$ 2.75 Bn by 2030, exhibit at a compound annual growth rate (CAGR) of 7% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 1.71 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 7.00% | 2030 Value Projection: | US$ 2.75 Bn |
A human microchip implant is an identifying integrated circuit RFID (Radio-Frequency IDentification) device that is covered in silicate glass and injected under the skin, which is usually around the size of a rice grain. When the microchip is activated, it sends a signal that can be read by a scanner, or via a smartphone app. The chip also stores people's identity, medical history, and medications. Many human microchips are based on RFID technology, which allows wireless communication between the microchip and an RFID reader. This technology is widely used for various tracking and identification purposes in different industries.
In the medical field, microchips can be implanted in the human body for various purposes. Some medical implants contain microchips to monitor and regulate health conditions, such as insulin delivery for diabetic patients or neurostimulation devices for pain management. Some individuals voluntarily implant microchips in their bodies for biohacking or transhumanist purposes. These implants can be used for experimental or enhancement purposes, such as opening doors, storing personal data, or controlling external devices thus, driving the market growth over the forecasted period.
Market Dynamics:
Various advantages of human microchipping such as fighting fraud and theft, enhancing security, among others are likely to drive growth of the global human microchipping market during the forecast period. Fighting fraud and theft has become a major driver for the growth of the human microchipping market worldwide. With rising cases of identity thefts, credit card frauds and other such financial crimes, many organizations and governments are looking at microchipping as a solution to curb these issues thus, supporting the market development over the analysis period.
However, risk of cyber-attacks to spoof people or spy on their activities is a major factor expected to hamper growth of the global human microchipping market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global human microchipping market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global human microchipping market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include XINYETONG TECHNOLOGY DEVELOPMENT CO.,LTD, I AM ROBOT, BioTeq Limited., Dangerous Things, and Upgraded Humans
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global human microchipping market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global human microchipping market
Global Human Microchipping Market Detailed Segmentation:
- By Application:
- Medical identification and monitoring
- Personal identification and access control
- Financial transactions
- Others (such as tracking, monitoring, etc.)
- By Type:
- Implantable microchips
- Non-implantable microchips
- By Technology:
- RFID (Radio Frequency Identification)
- NFC (Near Field Communication)
- Others (such as GPS, QR codes, etc.)
- By End User:
- Healthcare
- Financial services
- Retail and logistics
- Government and law enforcement
- Others (such as education, entertainment, etc.)
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Top Companies in the Global Human Microchipping Market:
- XINYETONG TECHNOLOGY DEVELOPMENT CO.,LTD
- I AM ROBOT
- BioTeq Limited.
- Dangerous Things
- Upgraded Humans
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By Type
- Market Snippet, By Technology
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Technological advancements
- Restraints
- Privacy and security concerns
- Opportunities
- Healthcare and medical applications
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Mergers, Acquisitions, and Collaborations
4. Global Human Microchipping Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Human Microchipping Market, By Application, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Medical identification and monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Personal identification and access control
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Financial transactions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Others (such as tracking, monitoring, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Global Human Microchipping Market, By Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
- Implantable microchips
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Non-implantable microchips
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
7. Global Human Microchipping Market, By Technology, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- RFID (Radio Frequency Identification)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- NFC (Near Field Communication)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Others (such as GPS, QR codes, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
8. Global Human Microchipping Market, By End User, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Financial services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Retail and logistics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Government and law enforcement
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Others (such as education, entertainment, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
9. Global Human Microchipping Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2019 -2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- Central Africa
- South Africa
- North Africa
10. Competitive Landscape
- Company Profile
- XINYETONG TECHNOLOGY DEVELOPMENT CO.,LTD
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- I AM ROBOT
- Dangerous Things
- BioTeq Limited.
- Upgraded Humans
- Analyst Views
11. Section
- References
- Research Methodology
- About us
