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 : March, 2023 | 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

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?