Cognitive Assessment and Training Market Enabling Growth Through Continuous Improvement

(Heraldkeepers via Comtex)

The Cognitive Assessment and Training market size is estimated to grow from USD XX Billion in 2020 to USD XX Billion by 2027, growing at a CAGR of 29.3% during the forecast year from 2021 to 2027. The research covers the current and historic Cognitive Assessment and Training market size and its growth trend with company outline of Key players /manufacturers Cambridge Cognition, Cogstate, Quest Diagnostics, Signant Health, Total Brain, BrainWare, Pearson, Philips, MedAvante-ProPhase, CogniFit, ERT, VeraSci, BrainCheck, MeritTrac, Berke, Neurotrack, Lumosity, The Brain Workshop, ImPACT Applications, Savonix, Winterlight Labs, Aural Analytics, Unmind, Kernel, and Altoida among others.

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This global Cognitive Assessment and Training market report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the industry with analysis on vendors, geographical regions, types, and applications. This Cognitive Assessment and Training market study estimates the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player. This global Cognitive Assessment and Training market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

With the effectual use of technology, innovative applications and expertise, this Cognitive Assessment and Training market research report has been generated which successfully manages bulky and complex market data tables. To give clear idea about the current and future marketplace, most up to date market insights and analysis has been offered via this report. Several critical market factors covered in this Cognitive Assessment and Training Market report consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. Market research report execution is becoming very central for the businesses to gain success because it offers insights into revenue growth and sustainability initiative.

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Driver: Rising adoption of gamification for cognitive assessment

Gamification and serious gaming help people induce positive health behavioral changes. Gamification is a relatively new trend that focuses on applying game mechanics to non-game contexts for engaging audiences and adding a little fun into mundane activities besides generating motivational and cognitive benefits. Various fields, such as corporate and education, have taken advantage of the potential of gamification. The digital healthcare domain has also started to explore this concept as an emerging trend. Gamification intends to affect users' behavior and motivation by means of experiences reminiscent of games.

The healthcare domain has seen a rapid ascent in the adoption of gamification and serious games in health self-monitoring and management. The ability of serious games to motivate, engage, and entertain as well as offer numerous systematic reviews prove effective in promoting particular health behavioral changes and reducing a broad range of disorder-related symptoms. Corporate gamification is also gaining traction in the market. Gamification is used to enhance the digital experience, increase collaboration, or engage and motivate employees to participate in initiatives that are strategically important to companies.

Restraint: Time-constraints in developing clinically validated brain training solutions

Companies are trying to improve brain fitness by increasing the number of developing solutions and applications to enhance neuroplasticity. However, after developing brain training solutions, companies need to get clinical approvals for launching their products to be used on people. As it takes a year to develop a clinically-validated brain fitness solution, it restrains the faster growth of the cognitive assessment and training market.

The time duration for developing these solutions is vast, as professionals focus on creating solutions for training that contain complex algorithms to provide appropriate exercises for the brain. Moreover, with the increasing cases of Alzheimer's, Attention Deficit Hyperactivity Disorder (ADHD), and other cognitive dysfunctions have led to the need for effective solutions that use the latest technologies.

Asia Pacific to grow at the highest CAGR during the forecast period

North America is expected to hold the largest market size in the global cognitive assessment and training market, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The growing awareness of mental health and cognitive skills in key countries, such as China, India, and Japan, is expected to fuel the adoption of cognitive assessment and training solutions and services. Technological advancements and digitization in these countries are also expected to increase the demand for cognitive assessment and training solutions from key verticals, such as healthcare and life sciences, education, and corporate.

Recent Developments:

In June 2020, ERT acquired APDM Wearable Technologies to reinvent endpoint measurement in clinical trials. Both companies will generate higher-fidelity and more powerful data to enable clinical trials to be more predictable, cost-effective, and efficient.

In May 2020, Total Brain partnered with the Center for Adolescent Research and Education (CARE), a national collaborative of institutions and organizations committed to increasing favorable youth outcomes and reducing risk. The partnership will promote positive youth development by offering CARE collaborative teen beneficiary access to Total Brain's neuroscience-based mental health and wellness assessment and screening tools.

In December 2019, Philips extended its AI portfolio with the launch of IntelliSpace AI Workflow Suite to seamlessly integrate applications across imaging workflows. The comprehensive AI workflow platform provides a full suite of applications for integration and centralized workflow management of AI algorithms, delivering structured results wherever they are needed across healthcare enterprises.

In November 2019, Cambridge Cognition expanded the eCOA offering and bagged a contract with the top 10 pharmaceutical companies. The aim of this solution enhancement was to include complex forms, alerting, interview recording, and playback. With the launch of enhanced functionalities, the Company is pleased to announce a new clinical trial contract worth over USD 225,000.

In Janurary 2019, Total Brain partnered with the Center for Adolescent Research and Education (CARE), a national collaborative of institutions and organizations committed to increasing favorable youth outcomes and reducing risk. The partnership will promote positive youth development by offering CARE collaborative teen beneficiary access to Total Brain's neuroscience-based mental health and wellness assessment and screening tools.

Major Classifications are as follows:

Cognitive Assessment and Training Market: By Component

Solutions
Assessment
Data Management
Data Analysis and Reporting
Cognitive Training
Others (Rater Training, Concussion Management, and Screening Solutions)
Services
Training and Support
Consulting

Cognitive Assessment and Training Market: By Organization Size

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

Cognitive Assessment and Training Market: By Application

Clinical Trials
Learning
Research
Others (Diagnostics, Recruitment and Patient Engagement)

Cognitive Assessment and Training Market: By Vertical

Healthcare and Life Sciences
Education
Corporate
Others

Cognitive Assessment and Training Market: By Region

North America
US
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific (APAC)
China
Japan
India
Rest of APAC
Rest of the World (RoW)
Middle East
Africa
South America

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Cognitive Assessment and Training Market : Report Chapters

Chapter 01 - Executive Summary

Chapter 02 - Market Overview

Chapter 03 - Key Market Trends

Chapter 04 - Key Success Factors

Chapter 05 - Global Cognitive Assessment and Training Market – Pricing Analysis

Chapter 06 - Global Cognitive Assessment and Training Market Demand (in Value or Size in US$ Mn) Analysis and Forecast, 2021-2026

Chapter 07 - Market Background

Chapter 08 - Global Cognitive Assessment and Training Market Analysis () & Opportunity Assessment , By Product Type

Chapter 09 - Global Cognitive Assessment and Training Market Analysis & Opportunity Assessment , by Distribution Channel

Chapter 10 - Global Cognitive Assessment and Training Market Analysis & Opportunity Assessment , by Region

Chapter 11 - North America Cognitive Assessment and Training market Analysis & Opportunity Assessment

Chapter 12 - Latin America Cognitive Assessment and Training Market Analysis & Opportunity Assessment

Chapter 13 -Europe Cognitive Assessment and Training market Analysis & Opportunity Assessment

Chapter 14 - East Asia Cognitive Assessment and Training market Analysis and Forecast

Chapter 15 - South Asia Cognitive Assessment and Training market Analysis and Forecast

Chapter 16 - Oceania Cognitive Assessment and Training market Analysis and Forecast

Chapter 17 - MEA Cognitive Assessment and Training market Analysis & Opportunity Assessment

Chapter 18 - Market Structure Analysis

Chapter 19 - Competition Analysis

Chapter 20 - Assumptions and Acronyms Used

Chapter 21 - Research Methodology

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