ID: MRFR/ICT/3256-HCR | February 2021 | Region: Global | 100 pages
Global cognitive assessment & training market is expected to grow with approximately USD 21,443.06 Million 27.1% of CAGR during the forecast period 2020-2030. has made it clear that the cognitive assessment and training market is going to witness tremendous growth during the Cognitive Assessment and Training Market Forecast period sure with the onset of the pandemic. Things like e-learning and social distancing and the need to get the test recognition done at home have given a superb acceleration to the market towards the growth curve.
An increase in adopting methods like gamification, which results from an increase in mental health awareness and cognitive techniques, has also brought a fair amount of growth to the market. The Cognitive Assessment and Training Market Trends might not have had this kind of acceleration had it not been about the covid-19 pandemic.
COVID-19 has bought some severe complications in the lives of all individuals. Be it financial, physical, or mental, the stress has piled up to a great extent. Also, the companies and various markets have been affected too. With extended lockdowns and the fear of contracting the virus, the business worldwide has seen some lowest lows.
The reports that are provided to the companies have a clear picture of the Cognitive Assessment and Training Market Size with the current scenario and the effect that pandemic has bought into the industry; Moreover, various steps to combat the losses and also make sure that the future is safe and secure have also been mentioned in the reports.
Global cognitive assessment & training market is expected to grow with approximately 26.80% of CAGR during the forecast period 2019-2026.. This is indeed a sign of remarkable growth in the Cognitive Assessment and Training Industry.
Various drivers that have been bringing the growth in the Cognitive Assessment and Training Market Share include the increased trends of gamification in almost every region across the world Gamification has brought positive results in the behaviors of millions of people across the world. The basic fundamental behind the therapy is gaming to bring motivation to an individual's behavior. The increasing trend in gamification is one of the significant factors bringing the Cognitive Assessment and Training Market Growth.
No wonder numerous companies across the world have been working towards bringing and introducing new techniques and devise in the Cognitive Assessment and Training Market Statistics that can bring behavioral changes in an individual, but because such processes and products prior approval from the regulatory which tends to take a lot of time; proves to be the significant reason hampering the Cognitive Assessment and Training Market Size.
Regulatory implications by various governments and regulatory bodies across the globe have not been proving to be of direct impact on the Cognitive Assessment and Training Market Share. Anyways, the assessment and training market is something that does not cause any immediate effect on humans or the environment. Thus they are safe in this context. However, there are some indirect laws and regulations which depend on the governments of different regions. Some of these are due to the harmful radiations emitted by some of the machines, which significantly affect human health and affect the environment.
The cognitive assessment and training market is divided into the following segments.
Based on the solutions, the market is divided into the following subcategories.
Based on the services, Market is divided into the following:
Based on the assessment type, the market is divided into the following subcategories:
Based on the applications, the market has the following subtypes:
Based on the vertical, the market is divided into the following subcategories:
Based on the regions, the Cognitive Assessment and Training Industry is divided into the following types.
The region that dominates North America and the Asia Pacific market is expected to show the highest Cognitive Assessment and Training Market Growth. The area is expected to witness the highest CAGR during the Cognitive Assessment and Training Market Forecast period. The change in mental health awareness and increasing cognitive skills in the region’s major countries, including India, China, and Japan, has led to the region's growth. Moreover, digitalization and technological advancements have also been responsible for developing the Cognitive Assessment and Training Market Trends in the area.
Cognitive Assessment and Training Market Key Players are Cambridge Cognition Ltd. (U.K), Pearson Education (U.K), Cogstate Ltd. (U.S.), Neurocog Trials, Inc. (U.S.), Bracket Global (U.S.), Eresearchtechnology Inc. (U.S., Medavante, Inc. (U.S.), ProPhase, LLC (U.S.), Quest Diagnostics, Inc. (U.S.) and Cognifit (U.S.)
All these significant players in the market have been working together to bring much-needed Cognitive Assessment and Training Market Opportunities.
They have already been successful to a great extent. Various mergers, acquisitions, and collaborations amongst themselves have proved to be very beneficial for the market. They have been working on a planned and strategized implementation of their respective organizations and the whole market. They have also been showcasing their experience and proving to be idols for the newcomers in the market.
ERT acquired APDM Wearable technologies in June 2020 to reinvent the endpoint measurements in the trials. This was done to ensure that both the companies have more robust data and efficient predictions can be made with the help of clinical trials.
Center for adolescent research and education partnered with Total brain in May 2020 to promote youth development by offering teen beneficiaries access to the mental health and wellness tools and assessments provided by the total brain neuroscience center.
Philips launched the IntelliSpace Al Workflow suite in December 2019 to integrate the seamless integration of the applications across all the imaging workflows.
Ecoa's offering was expanded by Cambridge cognition in November 2019 and was successful in getting the contract with the top 10 pharmaceutical companies. This was aimed to include the interview recordings, playbacks, and much more.
Various advancements that are being done in the market are resulting in tremendous growth and are more likely to ensure a continuous upward trend in the future too.
The report provided to the companies has all the elements required for the smooth running of the business. Starting from the Overview of the market, the pieces describe it very well, considering all the market aspects. The covid0-19 analysis of the market has also been done reasonably, accompanied by the market dynamics of the market, including significant growth, drivers, and restraints. The regulatory imp; locations on the market have also been discussed in detail.
The market segmentation based on the type, application, modes, verticals, and regions has also been discussed in detail in the report. The major players in the market and the plans and strategies they have been implementing to bring growth to their organizations and the market have also been given a detailed explanation. The recent developments in the market have also been given prior consideration to ensure that the companies stay up to date with the latest in the market and make the best of it.
|Market Size||USD 21,443.06 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Assessment Type, Application and Vertical|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cambridge Cognition Ltd. (U.K), Cogstate Ltd. (U.S.), Bracket Global (U.S.), Medavante, Inc. (U.S.), Quest Diagnostics, Inc. (U.S.), ProPhase, LLC (U.S.), Cognifit (U.S.), Eresearchtechnology Inc. (U.S.), Neurocog Trials, Inc. (U.S.), and Pearson Education (U.K)|
|Key Market Opportunities||growing demand for improving the neuroplasticity of the brain and increasing awareness about brain fitness|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Cambridge Cognition Ltd., Bracket Global (U.S.), and Cogstate Ltd. are the competitive market players in the global cognitive assessment training market.
The global cognitive assessment & training market will expand with approximately a CAGR of 26.80% during the forecast period.
Asia Pacific, North America, Europe are the regions where the market study is conducted to understand the market’s approach in the future.
North America is the prime region that occupied the maximum market share of the cognitive assessment & training market.
The functions such as monitoring and measuring cognitive changes and impairments of cognitive services are the reasons due to which the market would achieve high valuation in the future.