Cognitive Assessment and Training Market Size, Share, Industry Analysis, Growth, Trends, Statistics, Emerging Technologies, Recent Developments and Forecast 2021-2028
The global cognitive assessment and training market size is expected to reach USD 15.65 Billion at a steady CAGR of 20.3% in 2028, according to latest analysis by Emergen Research.
Increasing awareness regarding the
advantages of maintaining good brain fitness is among some of the key factors
driving growth of the cognitive assessment and training market. Cognitive
assessment and training is not limited to adults, and is also a tool for use
with children with learning disabilities such as dyslexia. Cognitive assessment
and training tools have been in use for older individuals among the population
suffering from vision and dementia problems.
Rising popularity of gamification is
propelling growth of the market to a significant extent. Feedback on
gamification from candidates, employers, and psychologists has been very
positive and game features are being incorporated into cognitive tasks without
undermining data quality, scientific value, and intervention effects, thereby
improving participant engagement. Game-based assessments such as psychometric
tests are used in the hiring process to assess a candidate’s skills. However,
unlike various aptitude tests, these assessments are quick and engaging due to
the game format.
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The report is a comprehensive research study
of the global Cognitive Assessment and Training market inclusive of the latest
trends, growth factors, developments, opportunities, and competitive landscape.
The research study includes an in-depth analysis of the market using advanced
research methodologies such as SWOT analysis and Porter’s Five Forces analysis.
The report is formulated with data gathered from primary and secondary research
examined and validated by industry experts. The report provides an overview of
the market leaders, segmentation by type, application, and region, and
technological advancements.
Some players analyzed in the report are:
Quest
Diagnostics, BrainWare, MeritTrac, Cambridge Cognition, Pearson,
MedAvante-ProPhase, Cogstate, Winterlight Labs, Philips, and Signant Health.
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Emergen Research
has segmented the global cognitive assessment and training market on the basis
of component, organization size, application, end-use, and region:
Component Outlook
(Revenue, USD Billion; 2018–2028)
Solutions
Assessment
Data
Management
Data
Analysis and Reporting
Cognitive
Training
Others
(Rater Training, Concussion Management, and Screening Solutions)
Services
Training and
Support
Consulting
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
Learning
Research
Others
(Diagnostics, Recruitment and Patient Engagement)
End-use Outlook
(Revenue, USD Billion; 2018–2028)
Healthcare
and Life Sciences
Education
Corporate
Others
(Sports and Government & Defense)
Key Highlights of
Report
In February
2021, Shift Concussion Management Guelph and VoxNeuro announced their entering
into partnership, which enabled the addition of objective brain health data to
the former’s concussion management program.
Shift
Concussion Management Guelph, which is the founder of ‘Shift Concussion
Management Program’, joined VoxNeuro’s growing clinical network as a test
center and treatment provider in Southern Ontario, Canada. VoxNeuro provides
the world’s first objective brain health assessment that goes beyond a
diagnosis.
Among the
application segments, the clinical trials segment accounted for largest share
in 2020. Identification and assessment of cognitive changes and ability to
diagnose and reduce the chance of developing brain disease in a patient are
features that are resulting in development of new solutions and programs and
driving revenue growth of this segment.
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On the basis of regional analysis, the market
is segmented into the following regions: North America, Latin America,
Europe, Asia Pacific, and Middle East & Africa. The market is expected
to be dominated by North American nations closely followed by European
countries. Asia Pacific is expected to show a significant growth owing to
recent advancements and rising investments in the R&D sector.
The report addresses the following key points:
The report estimates the expected market size
from 2021-2028
The report provides a forecast of market
drivers, restraints, and future opportunities for the Cognitive Assessment and
Training market
The report further analyses the changing
market dynamics
Regional analysis and segmentation of the
market with analysis of the regions and segments expected to dominate the
market growth
Extensive competitive landscape mapping with
profiles of the key competitors
In-depth analysis of business strategies and
collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application
insights, and product insights
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