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Cognitive Assessment and Training Healthcare Market

Cognitive Assessment and Training Healthcare Market

Cognitive Assessment and Training Healthcare Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

141

Base Year:

2021

Date

May - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1624

Segments Covered
  • By Market Types Pen-and-Paper based assessment, Hosted assessment, Biometrics assessment
  • By Components Solutions, Services
  • By Solutions Assessment, Data management, Project management, Data analysis and reporting, Others
  • By Services Training and support, Consulting
  • By Applications Clinical trials, Screening and diagnostic, Brain training, Academic research, Others
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 3.72 Billion
Revenue 2028Revenue 2028: USD 19.79 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 32.10%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Cognitive Assessment and Training Healthcare Market Share

Market Synopsis:

The global Cognitive Assessment and Training Healthcare Market is valued at USD 3.72 Billion in 2021 and is projected to reach a value of USD 19.79 Billion by 2028 at a CAGR of 32.10% over the forecast period.

Cognitive impairment can strike at any age, from infancy to old age. It can be brought on by a number of reasons, both reversible and irreversible. Malnutrition, prenatal drug exposure, genetic disorders, and chromosome abnormalities are also possible early causes. Because the brain keeps its neuroplasticity until late adulthood, there has been an increase in the demand for cognitive evaluation and training. Due to factors such as increased awareness about brain fitness, technological developments, and a growing geriatric population, the global Cognitive Assessment and Training Healthcare Market is predicted to rise significantly during the forecast period. Although these aspects contribute to the market's growth, the necessity for evaluations in a variety of languages might be a major impediment to the market's expansion.

Due to significant improvements in the quality and timeliness of the data acquired, a growing number of clinical studies are adopting electronic media to collect patient-reported outcomes (PROs). Patient engagement increases as a result, moving the cognitive assessment and training market ahead. As the industry transitions to electronic data collection, guidelines for determining whether the electronic version of a clinician-administered measure and the paper version are equivalent are being developed. The increasing prevalence of mobile technologies, as well as developments in IT systems and healthcare technology, are all helping to drive up the implementation of cognitive assessment solutions.

Cognitive Assessment and Training Healthcare Market Size, 2021 To 2028 (USD Billion)

Market Segmentation:

The Cognitive Assessment and Training Healthcare Market is segmented on the basis of Type, Components, Solutions, Services and Application. On the basis of Type, the market is segmented into Pen-and-Paper based assessment, Hosted assessment and Biometrics assessment. On the basis of Components, the market is segmented into solutions and services. On the basis of solutions, the market is segmented into Assessment, Data management, Project management, Data analysis and reporting and Others. On the basis of services, the market is segmented into Training and support and Consulting. On the basis of application, the market is segmented into Clinical trials, Screening and diagnostic, Brain training, Academic research and Others.

Below tree is interactive. You can click the nodes to get more information.

Based on Components-

On the basis of Components, the market is segmented into solutions and services. Data management, evaluation, data analysis & reporting, project management, and others are the subcategories of the solutions section. The services section, on the other hand, is separated into two categories: training and support and consulting. The market is predicted to develop due to the convenience of cognitive assessment and training solutions being accessible from anywhere. The training and support services are utilized to educate and raise awareness about brain and mental health issues among professionals and the general public.

Based on Application-

On the basis of application, the market is segmented into Clinical trials, Screening and diagnostic, Brain training, Academic research and Others. During the projected period, the screening and diagnostic application is expected to increase at the second highest CAGR. For the detection of cognitive impairment, screening tests are used. Patients who are diagnosed with cognitive impairments early on have better access to prescription and non-prescription treatments that can help them improve their cognition. Diagnostic tests, on the other hand, are used when there are symptoms or signs that point to the presence of conditions that cause cognitive impairment and a test is required to confirm the diagnosis.

North America Region Dominates the Cognitive Assessment and Training Healthcare Market with the Largest Share

North America is likely to be the fastest-growing regional market over the forecast period with a market share of 37.30%. Because of developments in next-generation technologies in the United States and Canada, the cognitive evaluation and training industry is expected to grow. In North America, advanced healthcare policies are likely to increase demand for cognitive evaluation and training equipment. Furthermore, in recent years, the region has seen extensive use of communication technologies. These reasons are driving North American sales of cognitive assessment and training devices and certifications. One of the target markets for industry participants is anticipated to be the cognitive evaluation and training sector in the United States. The digital revolution, which is predicted to fuel demand for cognitive learning in North America, is being promoted and supported by government organizations in the United States.

Competitive Landscape:

Key players operating in the global Cognitive Assessment and Training Healthcare market include- Cambridge Cognition Ltd. (Cambridge, U.K.), Cogstate Ltd. (New Haven, U.S.), Bracket (Pennsylvania, U.S.), MedAvante Inc. (New Jersey, U.S.), Quest Diagnostic (New Jersey, U.S.), ProPhase, LLC (New York, U.S.), CogniFit (New York, U.S.), ERT Clinical (Pennsylvania, U.S.), NeuroCog Trials (North Carolina, U.S.), and Brain Resource Company (New South Wales, Australia)..

Segmentation of Cognitive Assessment and Training Healthcare Market:

Parameter Details
Segments Covered
  • Market Types (Pen-and-Paper based assessment, Hosted assessment, Biometrics assessment)
  • Components (Solutions, Services)
  • Solutions (Assessment, Data management, Project management, Data analysis and reporting, Others)
  • Services (Training and support, Consulting)
  • Applications (Clinical trials, Screening and diagnostic, Brain training, Academic research, Others)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Cambridge Cognition Ltd. (Cambridge
  • U.K.)
  • Cogstate Ltd. (New Haven
  • U.S.)
  • Bracket (Pennsylvania
  • U.S.)
  • MedAvante Inc. (New Jersey
  • U.S.)
  • Quest Diagnostic (New Jersey
  • U.S.)
  • ProPhase
  • LLC (New York
  • U.S.)
  • CogniFit (New York
  • U.S.)
  • ERT Clinical (Pennsylvania
  • U.S.)
  • NeuroCog Trials (North Carolina
  • U.S.)
  • and Brain Resource Company (New South Wales
  • Australia).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

FAQ
Frequently Asked Question
  • The global Cognitive Assessment and Training Healthcare valued at USD 3.72 Billion in 2020 and is expected to reach USD 19.79 Billion in 2028 growing at a CAGR of 32.10%.

  • The prominent players in the market are Cambridge Cognition Ltd. (Cambridge, U.K.), Cogstate Ltd. (New Haven, U.S.), Bracket (Pennsylvania, U.S.), MedAvante Inc. (New Jersey, U.S.), Quest Diagnostic (New Jersey, U.S.), ProPhase, LLC (New York, U.S.), CogniFit (New York, U.S.), ERT Clinical (Pennsylvania, U.S.), NeuroCog Trials (North Carolina, U.S.), and Brain Resource Company (New South Wales, Australia)..

  • The market is project to grow at a CAGR of 32.10% between 2021 and 2028.

  • The driving factors of the Cognitive Assessment and Training Healthcare include

    • Advancements in Technology

  • North America was the leading regional segment of the Cognitive Assessment and Training Healthcare in 2020.