According to the latest report by IMARC Group, titled “Cognitive Assessment and Training Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027,” The global cognitive assessment and training market size reached US$ 3.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2027, exhibiting a growth rate (CAGR) of 25.48% during 2022-2027.
Cognitive assessment and training solutions are utilized for detecting the signs of mind impairment in the early stages. These tools are used mainly for conducting a formal assessment of the psychological functioning of the patient and the pace of information processing. Cognitive impairments can be caused by neural disorders, old age, and exposure to drugs or medicines. The solutions integrate various tools for data analysis, assessment, and control that aid in sports management, mind training, and early detection of dementia in individuals. Cognitive assessment and training are administered during classroom sessions, corporate teaching, clinical trials, research, brain activity, and diagnostics.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The growing geriatric population and the increasing awareness in individuals toward the importance of maintaining brain fitness are among the primary factors driving the cognitive assessment and training market. Besides this, the rising prevalence of dementia is facilitating the adoption of these solutions as they enable effective and easy diagnosis and treatment of the disorder, which is further augmenting the market growth. Moreover, the escalating demand for cognitive assessment and training to detect learning difficulties and disabilities, such as dyscalculia and dyslexia in children, is also catalyzing the global market. Apart from this, several technological advancements in the healthcare sector and the usage of mobile-based IT systems are acting as significant growth-inducing factors. Additionally, the elevating requirement for these tools, as they provide automated scoring that aids in enhancing the detection accuracy and reducing the chances of human error, is also stimulating the market growth. Furthermore, the inflating medical expenditure and the extensive research and development (R&D) activities are expected to bolster the cognitive assessment and training market in the coming years.
Breakup by Assessment Type:
- Pen- and Paper-Based Assessment
- Hosted Assessment
- Biometrics Assessment
Breakup by Component:
- Solutions
- Assessment
- Data Management
- Project Management
- Data Analysis and Reporting
- Others
- Services
- Training and Support
- Consulting
Breakup by Application:
- Clinical Trials
- Classroom Learning
- Corporate Learning
- Brain Training
- Research
- Others
Breakup by End-User Sector:
- Education
- Healthcare
- Corporate
- Sports
- Defense
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape:
- CRF Bracket
- Brain Resource Ltd
- Cambridge Cognition Ltd
- Cognifit
- Cogstate Ltd
- ERT Clinical
- ImPACT Applications Inc
- MedAvante-ProPhase Inc
- Pearson Education
- Prophase LLC
- Quest Diagnostics Inc
- etc
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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