According to Emergen Research’s most recent analysis, the global market for cognitive assessment and training had a value of USD 4.20 billion in 2021 and is projected to grow at a rate of 29.3% over the next five years. Growing awareness of the advantages of keeping high brain fitness is the key driver of market revenue development. Cognitive testing and training, which is available for children and adults, can help children with neurocognitive disorders like dyslexia. Cognitive testing and training strategies can be used to treat the global ageing population’s vision and dementia-related disabilities.
In addition to a complete analysis of market dynamics, the Global Cognitive Assessment and Training Market study looks at both historical and current data. The major market growth driving and restraining factors that are anticipated to have an impact on market growth during the projected period are also discussed in the research. In order to offer growth estimates for the Cognitive Assessment and Training market from 2022 to 2030, the Global Cognitive Assessment and Training Market conducts market scenario research. The focus of the analysis is on prospective growth opportunities and challenges that market leaders may experience over the course of the projection period. The research gives particular emphasis to developing business components, specialist industries, product launches, and brand promotions that are occurring in the market
Also, the development of cognitive gadgets with gamification capabilities and the rising acceptance rate of these devices are considerably boosting market growth. Candidate, employer, and psychologist response on gamification has been extremely positive. The addition of game components to cognitive tests boosts participant engagement without compromising the validity of the data, the importance of the research, or the efficacy of therapies. Also, throughout the employment process, game-based psychometric tests are used to evaluate a candidate’s talents. Unlike to conventional aptitude tests, these exams are short and enjoyable because of the game format. Also, key market players are focusing on developing mobile software and applications with the aid of cutting-edge technologies like Machine Learning (ML) and Artificial Intelligence (AI).
Global Cognitive Assessment and Training Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Cognitive Assessment and Training market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Cognitive Assessment and Training market and pinpoint the fundamental growth trends.
Key Companies Profiled in the Report are:
Quest Diagnostics, BrainWare, MeritTrac, Cambridge Cognition, Pearson, MedAvante-ProPhase, Cogstate, Winterlight Labs, Philips, and Signant Health
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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Some Key Highlights From the Report
- 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 (R&D) of solutions for mental diseases and conditions, are driving revenue growth of the market to a significant extent.
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)
Additional information offered by the report:
- Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Cobots market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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About Us:
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