Market Highlights
Cognitive assessment and training modules are gaining precedence across industries for a better analysis of an individual. The demand is on the rise as several sectors are taking this as a necessary step to measure the intellectual capacity of people, they are interested in. The global cognitive assessment and training market is expecting a hike by 25% during the forecast period (2017-2023). Market Research Future (MRFR) published a report recently saying the growth of the cognitive assessment and training market would get boost from several industries but mostly from the growing demands for cognitive training.
The increasing demand for cognitive assessment solutions and services is one of the major factors driving the growth of cognitive assessment & training market. Increased awareness for brain fitness is another major factor responsible for high growth of cognitive assessment & training market. This market has been segmented on the basis of component, assessment type, application and vertical. The component segment is bifurcated into solution and services segments.
Segmentation:
MRFR’s report has a segmental analysis of the global cognitive assessment and training market growth, where analysts have segmented it by vertical, application, assessment type and components. This analysis allows an overview and scope for better future market prediction.
Based on the vertical, the cognitive assessment and training market can be segmented into defense, healthcare, corporate, education, sport, and pharmaceuticals. The education sector is having substantial lead.
Based on the application, the cognitive assessment and training market includes clinical trial, brain training, corporate learning, classroom learning, and research. The brain training segment is gaining substantial market advantage.
Based on the assessment type, the cognitive assessment and training market comprises hosted assessment, biometric assessment, and pen & paper-based assessment. The biometric assessment segment is having a well-launched impact on the market.
Based on the component, the global cognitive assessment and training market includes solution and services. The solution segment has sub-segments like data analysis & reporting, data management, project management, assessment, and others.
Regional Analysis:
The regional analysis of cognitive assessment & training market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Europe is projected to grow at the fastest rate during the forecast period. The major growth in cognitive assessment & training market in North America is attributed to technological advancements and increasing adoption of cognitive assessment & training applications across various industry verticals in that region.
Competitive Dashboard:
Myriad companies are showing interest in the implementation of cognitive assessment and training. This is providing enough traction to the growth of the cognitive assessment and training market and companies have gathered to gain from it. MRFR analyzed the market in their latest report and included several players, along with their portfolio for a better predictive analysis. These companies are Cogstate Ltd. (U.S.), Cambridge Cognition Ltd. (U.K), Medavante, Inc. (U.S.), Bracket Global (U.S.), ProPhase, LLC (U.S.), Neurocog Trials, Inc. (U.S.), Quest Diagnostics, Inc. (U.S.), Eresearchtechnology Inc. (U.S.), Cognifit (U.S.), and Pearson Education (U.K).
The cognitive assessment and training segment is gaining substantial ground as concern regarding Dementia and Alzheimer are fast gaining grounds. Medical practitioners are asking for regular check ups and tests for the early recognition of the symptoms of these diseases.
