Cognitive Assessment and Training Market Forecast to 2030
The global cognitive assessment and training market size was USD 4.20 billion in 2021 and is expected to register a revenue CAGR of 29.3% during the forecast period, according to the latest analysis by Emergen Research. Market revenue growth is primarily driven by increasing knowledge about the benefits of maintaining excellent brain fitness. Children with neurocognitive ailments, such as dyslexia, can benefit from cognitive testing and training, which ranges from children to adults. The global geriatric population with eyesight and dementia debilities can be effectively treated using cognitive testing and training techniques.
The Global Cognitive Assessment and Training Market study includes a thorough analysis of market dynamics as well as historical and current data analysis. The report also discusses the key market growth drivers and restraining factors that are likely to affect market growth during the forecast period. The Global Cognitive Assessment and Training Market undertakes market scenario research to provide growth projections for the Cognitive Assessment and Training industry from 2022 to 2030. The analysis focuses on potential growth possibilities and difficulties that market leaders may run into during the forecast period. The study places a lot of emphasis on newly emerging business elements, specialized sectors, product launches, and brand promotions that are taking place in the market.
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The global Cognitive Assessment and Training market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Cognitive Assessment and Training industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Quest Diagnostics, BrainWare, MeritTrac, Cambridge Cognition, Pearson, MedAvante-ProPhase, Cogstate, Winterlight Labs, Philips, and Signant Health
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Some Key Highlights From the Report
- The clinical trials segment accounted for largest revenue share in 2021. Features that are leading to development of new solutions and programs and driving revenue growth of this segment include identification and assessment of cognitive changes in a subject and capacity to detect and lower probability of a patient acquiring brain disease.
- The large enterprise segment accounted for largest revenue share in 2021. Increasing implementation of cognitive devices in recruitment of new employees by large enterprises is a key factor driving revenue growth of this segment.
- The healthcare and lifesciences segment accounted for largest revenue share in 2021. Rise in cases of neurocognitive ailments including dyslexia, dementia, dyscalculia, and others is a key factor driving revenue growth of this segment. In addition, surging cases of neurocognitive ailments lead to increasing installation of cognitive devices and software in healthcare and life sciences infrastructure, which in turn, creates a significant opportunity for market players to invest in this field.
- The North America market accounted for largest revenue share in 2021. Significant surge in number of startups in this region is a key factor driving revenue growth. It is expected that number of related products will undergo a rapid increase with growing number of startups related to neurocognitive assessment in this region. This is expected to drive market revenue during the forecast period. In addition, owing to increasing geriatric population and patients suffering from dementia in countries in this region and rising investments by the U.S. government in Research & Development (R&D) of solutions for mental diseases and conditions, are driving revenue growth of the market to a significant extent.
The report bifurcates the Cognitive Assessment and Training market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Data Management
- Data Analysis and Reporting
- Cognitive Training
- Others (Rater Training, Concussion Management, and Screening Solutions)
- Training and Support
- Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Clinical Trials
- Others (Diagnostics, Recruitment ,and Patient Engagement)
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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