The global demand for Cognitive Assessment and Training Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Cognitive assessment and training are a technique of evaluating IQ or level of intelligence, perceptual abilities, verbal and non-verbal skills, and additional parameters. It is a method of regular assessment of an individual's mental functions and rate of information processing. Also, it is the mental process of gaining knowledge and understanding through practice and sense. The cognitive assessment helps many functions such as immediate detection of dementia among the population, cognitive training of individuals, sports management, etc. Many tools are used to recognize individuals who possibly need additional evaluation, and currently, these tests are widely used by companies as a part of the recruitment process. This process is used to determine a candidate's ability and suitability for a role and predict his or her future performance. These solutions are expected to provide many benefits, such as psychological education for individuals, self-management, and sports management.
Market Dynamics
The market is predominantly driven by the rising geriatric population and growing awareness of the importance of maintaining brain fitness. Further, rising occurrences of dementia among old aged people are assisting the adoption of cognitive assessment and training solutions is driving the growth of the market. Growing utilization of the solution to discover learning difficulties and disabilities, such as dyslexia and dyscalculia in children, is another growth-inducing factor. In addition to this, technological advancement in the healthcare sector and the rising adoption of mobile-based applications also boost the market growth. Other factors, including rising healthcare expenditure and research and development (R&D) activities, are expected to drive the market further.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cognitive assessment and training. The growth and trends of cognitive assessment and training industry provide a holistic approach to this study.
Market Segmentation
This section of the cognitive assessment and training market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Solutions (Assessment, Data Management, Data Analysis and Reporting, Cognitive Training, Others (Rater Training, Concussion Management, and Screening Solutions)
- Services ( Training and Support, Consulting )
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Application
- Clinical Trials
- Learning
- Research
- Others (Diagnostics, Recruitment and Patient Engagement)
By Vertical
- Healthcare and Life Sciences
- Education
- Corporate
- Others (Sports. and Government And Defense)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cognitive Assessment and Training market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cognitive Assessment and Training Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cognitive assessment and training market include Cambridge Cognition, Cogstate, Quest Diagnostics, Signant Health, Total Brain, BrainWare, Pearson, Philips, MedAvante-ProPhase, CogniFit, ERT, VeraSci, BrainCheck, MeritTrac, Berke, Neurotrack, Lumosity and Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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