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 latest market intelligence report, titled ‘Global Cognitive Assessment and Training Market’, is intended to provide the target audience with the necessary information about the global Cognitive Assessment and Training industry. The report comprises a detailed analysis of the vital elements of the Cognitive Assessment and Training market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects.
The report entails an organized database of the Cognitive Assessment and Training market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report is a detail-oriented compilation of the crucial aspects of the Cognitive Assessment and Training market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
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Global Cognitive Assessment and Training Market Geographical Landscape – Synopsis:
The report closely studies the growth trajectory of the global Cognitive Assessment and Training market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Leading companies profiled in the report:
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.
Clinical trial data solutions company, ERT, partnered with Cogstate in August 2020 to expand its capabilities in its electronic Clinical Outcome Assessment (eCOA) tool. ERT is focusing on improving the safety and efficacy of eCOA with digital cognitive endpoint measurement in clinical trials and at-home testing.
Objectives of the Report:
Study of the global Cognitive Assessment and Training market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2021-2028)
Industrial structure analysis of the Cognitive Assessment and Training market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Cognitive Assessment and Training market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Cognitive Assessment and Training market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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