Cognitive Assessment and Training Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

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Cognitive Assessment and Training Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

Status : May, 2021 | Technology & Media

Report Digest

Global Cognitive Assessment and Training Market: Overview

From 2019 to 2029, a stellar double digit growth would be recorded in the global cognitive assessment and training market, driving up demand, as well as market worth. Factors such as increasing awareness regarding cognitive impairment and need for brain training is driving the market on an impressive growth trajectory, as per TMRR. Advancement in technology is other prominent growth factors in the global cognitive assessment and training market over the stated period. It is pertinent to note here that players are actively participating in improving individual revenue shares, and that will also contribute to growth in the overall market.

Global Cognitive Assessment and Training Market: Notable Developments

Numerous measures are noted as taken by the top-tier players who are operating in the global cognitive assessment and training market over the forecast period, in order to capture larger market share. These are impacting the way the market operates, along with level of competitiveness. A glimpse if provided below:

2017: CPT and Cambridge Cognition partnered. The former is a trust that works towards bettering outcomes for patients suffering from Parkinson’s’ disease. Massive funds were acquired by the charity in the stated year and these were directed towards CPT research

Prominent names marking the highly fragmented vendor landscape of global cognitive assessment and training 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.)
  • ERT Clinical (Pennsylvania, U.S.)
  • Pearson Education (London, U.K.)
  • CRF Health (London, U.K.)
  • Brain Resource Company (New South Wales, Australia)

Certain top growth strategies include technological advancement to bring innovation to fore, and product development. Key alliances are also not uncommon in the market as these provide a better grasp over a regional market.

Global Cognitive Assessment and Training Market:  Key Trends and Drivers

  • Ageing global population is one of the most prominent factors of growth in the global cognitive assessment and training market over the forecast period. The shift from millions to couple of millions is a marked increase in anticipated population growth from 2017 to 2050. This demographic creates a pressing need for such products and services as they are susceptible to diseases such as Parkinson’s.
  • Brain fitness is a gaining steam in the market and parents are more aware now of cognitive impairment than ever before. This, couple with growing disposable incomes is a major growth factor in the cognitive assessment and training market over the forecast period.

Global Cognitive Assessment and Training Market:  Regional Analysis

From 2019 to 2029, the region that will top revenue in the global cognitive assessment and training market is North America, followed by Europe. Both regions will reap rich dividends of a rapidly ageing population – by 2050, one in four people will be aged 65 and above. Technological advancement here is impressive and so is the rate of its adoption. It is quite pertinent to note here that a string of untapped growth opportunities will also emerge in the Asia Pacific region owing to growing awareness regarding brain fitness and massive strides noted in technology in the region.

Market segmentation:

On the basis of Assessment Types:

  • Pen-and-Paper based assessment
  • Hosted assessment
  • Biometrics assessment

On the basis of Components:

  • Solutions
  • Services

On the basis of Solutions:

  • Assessment
  • Data management
  • Project management
  • Data analysis and reporting
  • Others

On the basis of Services:

  • Training and support
  • Consulting

On the basis of Applications:

  • Clinical trials
  • Classroom Learning
  • Brain training
  • Corporate Learning
  • Research
  • Others

On the basis of Vertical:

  • Education
  • Healthcare
  • Corporate
  • Sports
  • Defense
  • Pharmaceuticals
  • Others

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?