Cognitive Assessment and Training in Healthcare Market to Reach USD 36.2 Billion by 2028

Vantage Market Research

Jan 21, 2022

According to our latest report, the Cognitive Assessment and Training in Healthcare Market are expected to reach USD 36.2 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 35.3% between 2022 and 2028. The increasing awareness regarding mental health and rising investments in the health care sector are factors driving the market growth. Additionally, several technological advancements in cognitive assessment and training in healthcare are contributing to market growth.

Key Findings:

  • The pen and paper based-assessment segment is projected to grow at a considerable CAGR over the forecast period. Pen and Paper Based-Assessment is a convenient and conventional method of measuring changes is driving segmental growth
  • The screening and diagnostics segment held a significant market share in 2021. Screening and diagnostic tests are used for the detection of all types of cognitive impairment that are driving the segmental growth.
  • Asia Pacific is expected to grow at the fastest CAGR from 2022 to 2028. The growth in the region is driven by the rising awareness regarding cognitive impairment as well as treatment options that are available for the same coupled with the increasing spending power of people and low cost of treatment/service available in the region.

Some of the major players in the Cognitive Assessment and Training in Healthcare Market include - Bracket, Brain Resource Company, Cambridge Cognition Ltd., CNS Vital Signs, LLC, CogniFit Ltd., Cogstate Ltd., Impact Applications Inc, Listen and Learn Pty Ltd., Lumos Labs, Inc., Medavante-ProPhase Inc. by WIRB-Copernicus Group, Posit Science Corporation, Quest Diagnostics Incorporated, Signant Health, and Synergy Wellness.

Continuous growth in the geriatric population with a high occurrence of memory loss and other cognitive issues among the population is fuelling the market growth. The behavioral interventions can assist people in maintaining as well as enhancing their cognitive performance. There are several sectors corporate and education, that took benefit from the potential of gamification. However, government regulations worldwide with negative reports on brain training and its efficiency are expected to hinder the market growth.

North America is expected to grow a substantial CAGR. The presence of several players in the region such as Bracket, Cogstate Ltd, MedAvate, Inc., ProPhase, LLC, Quest Diagnostics, and CogniFit, among others is anticipated to drive regional growth of the market.