The Global Cognitive Assessment and Training Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Cognitive Assessment and Training Market studies the market scenario to offer growth projections for the Cognitive Assessment and Training industry for the forecast period of 2022-2030. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the market to help the readers make fruitful investment strategies.
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 latest analysis by Emergen Research. Market revenue growth is primarily driven by increasing knowledge about 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. Global geriatric population with eyesight and dementia debilities can be treated effectively using cognitive testing and training techniques.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Cognitive Assessment and Training market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others.
The companies will use report are:
Quest Diagnostics, BrainWare, MeritTrac, Cambridge Cognition, Pearson, MedAvante-ProPhase, Cogstate, Winterlight Labs, Philips, and Signant Health
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Some Key Highlights of the Cognitive Assessment and Training Market
- 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 (RD) of solutions for mental diseases and conditions, are driving revenue growth of the market to a significant extent.
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Market Overview:
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; 2019–2030)
- Solutions
- Assessment
- Data Management
- Data Analysis and Reporting
- Cognitive Training
- Others (Rater Training, Concussion Management, and Screening Solutions)
- Services
- Training and Support
- Consulting
- Solutions
Organization Size Outlook (Revenue, USD Billion; 2019–2030)
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
Application Outlook (Revenue, USD Billion; 2019–2030)
- Clinical Trials
- Learning
- Research
- Others (Diagnostics, Recruitment ,and Patient Engagement)
The various regions analyzed in the report include:
- 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)
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