Cognitive Assessment and Training in Healthcare Market: Summary
The Global Cognitive Assessment and Training in Healthcare Market is projected to reach a value of USD 17193.52 million by 2027 at a CAGR of 33%.
A cognitive assessment test helps to determine the psychological functions of an individual as well as the pace of information processing in the brain. The assessment can be useful for the early detection of dementia, cognitive training of individuals, as well as for the sports management. Global cognitive assessment and training in healthcare market is rising with the growing technological advancements in the healthcare sector. However, the stringent rules and regulations of government are expected to hinder the growth of the market.
Cognitive Assessment and Training in Healthcare Market: Market Dynamics
Market Driver:
- Growing Technological Advancements in the Healthcare Sector
- There has been growing technological advancements in the healthcare sector will play a significant role for the cognitive assessment and training in healthcare market. The development in the mobile health technologies have also emerged as a natural growth of the new generations of health system as well as the IT solution
- On 2019, the Philips had launches its first clinical product for aiding cognitive assessment in the US. These Philips IntelliSpace Cognition helps to provides the U.S. healthcare professionals with a powerful aid for assessing cognitive impairments due to neurological conditions
- According to a data by the World Health Organization, in February 2018, the total geriatric population in the world is projected to reach a total of 2 billion in next few years
- Furthermore, the organizations across throughout the world leverage industry 4.0 technologies which includes artificial intelligence, machine learning, and the Internet of things, which needs a high-performance software to aid precision performance
- For example, the researchers are testing new approaches for detecting delirium, a complex cognitive disorder, with the cognitive assessment. Hence, these novel insights in a variety of disorders is excepted to create a growth opportunities for the cognitive assessment and training market
- Growing Adoption of Mobile-based IT Systems
- Awareness Regarding Brain Fitness
Market Challenges:
- Stringent Rules and Regulations of Government
Cognitive Assessment and Training in Healthcare Market: Key Segments
- The cognitive assessment and training in healthcare market is majorly segments into component, type, application and vertical.
- On the basis of component, the market is sub segmented into solution and service.
- On the basis of type, the market is bifurcated into pen and paper based-assessment, hosted assessment and biometrics assessment.
- On the basis of application, the market is sub segmented into brain training, academic research, clinical trial, screening & diagnostics and others. The screening & diagnostics is excepted to grow at highest rate. As the screening and diagnostic tests is being used for detection of all types of cognitive impairment.
- On the basis of vertical, the market is bifurcated into Healthcare, Education, Defense, Pharmaceuticals and Sports. The emergence of digital technologies in the healthcare sector is lead to the major factor fuel the healthcare segment in the forecast period.
Cognitive Assessment and Training in Healthcare Market: Key Regions
On the basis of region, the market is divided into Americas, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Americas accounted for the major market share due the growing number of vendors providing cognitive assessment and training in healthcare. The presence of major players such as MedAvate, Inc., Quest Diagnostics, ProPhase, LLC, and CogniFit, among others in the region is also projected to boost the market growth. However, Asia-Pacific is projected grow at the fastest growth rate, with rising awareness regarding cognitive impairment as well as the treatment options.
Cognitive Assessment and Training in Healthcare Market: Report Scope
The report on the cognitive assessment and training in healthcare market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features
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Specifics
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Historical/Estimated/Forecasted Market Size Years
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2019-2027
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Historical Year
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2018
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Base Year
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2019
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Forecasted Period
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2020-2027 (2020 estimated year, forecast up to 2027)
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Measured Units
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Value (USD Million)
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Segments Included
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Component, Type, Application and Vertical
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Regional Coverage
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Americas, Asia-Pacific, Europe, Middle East & Africa
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Key Companies Covered
- Brain Resource Company (BRC) (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis, & Key Strategy)
- Cambridge Cognition Ltd
- CogniFit
- Cogstate Ltd.
- ERT Clinical
- Medavante-ProPhase Inc.
- Pearson TalentLens
- ProPhase, LLC
- Quest Diagnostics Inc.
- VeraSci
- Other Key Companies
Cognitive Assessment and Training in Healthcare Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Cognitive Assessment and Training in Healthcare Market, by Component
- Solution
- Data Management
- Assessment
- Data Analysis
- Others
- Services
Cognitive Assessment and Training in Healthcare Market, by Type
- Pen and Paper Based-Assessment
- Hosted Assessment
- Biometrics Assessment
Cognitive Assessment and Training in Healthcare Market, by Application
- Brain Training
- Academic Research
- Clinical Trial
- Screening & Diagnostics
- Others
Cognitive Assessment and Training in Healthcare Market, by Application
- Disaster management
- Construction
- Energy and Resource Management
- Surveillance and Monitoring
- Others
Cognitive Assessment and Training in Healthcare Market, by Vertical
- Healthcare
- Education
- Defense
- Pharmaceuticals
- Sports
Cognitive Assessment and Training in Healthcare Market, by Region
- Americas
- North America
- Latin America
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Middle East & Africa
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
Report Audience
- Cognitive Assessment and Training in Healthcare Market Providers
- Cognitive Assessment and Training in Healthcare Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Cognitive Assessment and Training in Healthcare Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Cognitive Assessment and Training in Healthcare Market STUDY
