Human Microchipping Market

Human Microchipping Market, 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.)), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

A human microchip implant is an identifying integrated circuit RFID device covered in silicate glass and injected under the skin, usually around the size of a rice grain. When 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. In the US, workers are offered microchips on a voluntary basis. But, as technology evolves and chips become more sophisticated — and eventually combine with the brain to form a sort of brain-computer interface, as Neuralink is working on — they could be forced upon people against their will. “Without clear labor laws that protect against workplace coercion to consent, employees might feel pressured to say yes,” says Ifeoma Ajunwa, a professor of law at Cornell University.

Market Dynamics:

Various advantages of human microchipping such asfighting fraud and theft, boosting security, making logging on to websites easier and more rapid are likely to drive growth of the global human microchipping market during the forecast 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$ Billion) 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 VeriChip Corporation (a subsidiary of PositiveID Corporation), Biohax International AB, Dangerous Things LLC, Three Square Market, Kaspersky Lab, McAfee Corp., Symantec Corporation, ARM Holdings plc (a subsidiary of SoftBank Group Corp.), NXP Semiconductors N.V., Texas Instruments Inc., STMicroelectronics N.V., BioTeq Limited, Chip In S.A., Tyco International Ltd. (a subsidiary of Johnson Controls International plc), and Xerox Corporation

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

The 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

Detailed Segmentation:

Global Human Microchipping Market, By Application:

Medical identification and monitoring

Personal identification and access control

Financial transactions

Others (such as tracking, monitoring, etc.)

Global Human Microchipping Market, By Type:

Implantable microchips

Non-implantable microchips

Global Human Microchipping Market, By Technology:

RFID (Radio Frequency Identification)

NFC (Near Field Communication)

Others (such as GPS, QR codes, etc.)

Global Human Microchipping Market, By End-user:

Healthcare

Financial services

Retail and logistics

Government and law enforcement

Others (such as education, entertainment, etc.)

Global Human Microchipping Market, By Region:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Company Profiles:

VeriChip Corporation (a subsidiary of PositiveID Corporation)

Biohax International AB

Dangerous Things LLC

Three Square Market

Kaspersky Lab

McAfee Corp.

Symantec Corporation

ARM Holdings plc (a subsidiary of SoftBank Group Corp.)

NXP Semiconductors N.V.

Texas Instruments Inc.

STMicroelectronics N.V.

BioTeq Limited

Chip In S.A.

Tyco International Ltd. (a subsidiary of Johnson Controls International plc)

Xerox Corporation