The Cognitive Assessment And Training by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cognitive Assessment And Training, The cognitive assessment and training market size has grown exponentially in recent years. It will grow from $4.85 billion in 2023 to $6.05 billion in 2024 at a compound annual growth rate (CAGR) of 24.8%. The growth in the historic period can be attributed to rapid growth in aging population, an increase in investments, increased healthcare expenditure and digitization.
The cognitive assessment and training market size is expected to see exponential growth in the next few years. It will grow to $13.73 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to a rise in healthcare expenditure, an increase in demand for brain training from next generation population and increasing investments. Major trends in the forecast period include focusing on new artificial intelligence, focusing on developing mobile apps, focusing on merger and acquisitions and focusing on neuropsychological testing and assessment techniques.
Increased adoption of e-learning is expected to propel the growth of the cognitive assessment and training market during the forecast period. The delivery of learning and training through digital resources such as computers is known as eLearning. Assessment is an important aspect of the online classroom. A cognitive assessment offers a profile of an individual's academic abilities and challenges, as it provides a managed snapshot of their performance, thus helping to track progress in e-learning. There has been a significant increase in the adoption of e-learning, which in turn has increased the demand for cognitive testing. According to the e-learning statistics 2020 published by EdApp, a company that creates micro-learning-based learning management systems, the e-learning market is projected to reach over $300 billion by 2025. Therefore, increased adoption of e-learning drives the growth of the cognitive assessment and training market.
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The cognitive assessment and training market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Organization Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises
3) By Vertical: Healthcare And Life Sciences, Education, Corporate, Other Verticals
4) By Application: Clinical Trials, Learning, Research, Other Applications
Key players focusing on developing mobile applications and software equipped with the latest technologies such as artificial intelligence and the Internet of Things are shaping the cognitive assessment and training market. The companies are focusing on technological innovations and new product launches for better and enhanced results and product offerings to the market. For instance, in October 2022, S2 Cognition, a US-based sports company, launched a Mobile Testing Lab for athletes. The Mobile Testing Lab offers cognitive assessments to event venues hosting large groups of athletes for tournaments and camps.
The cognitive assessment and training market report table of contents includes:
1. Executive Summary
2.Cognitive Assessment And Training Market Characteristics
3. Cognitive Assessment And Training Market Trends And Strategies
4. Cognitive Assessment And Training Market analysis
5. Cognitive Assessment And TrainingMarket Size And Growth
6.Cognitive Assessment And Training Segmentation
7.Cognitive Assessment And TrainingRegional And Country Analysis
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27.Cognitive Assessment And Training Competitive Landscape And Company Profiles
28. Cognitive Assessment And Training Key Mergers And Acquisitions
29.Cognitive Assessment And Training Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Pearson PLC
- Quest Diagnostics
- Koninklijke Philips N.V
- Cogstate Ltd.
- CogniFit Ltd.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the cognitive assessment and training market include Cambridge Cognition, Cogstate, Quest Diagnostics, Signant Health, Total Brain, BrainWare, Pearson, Philips, MedAvante-ProPhase, CogniFit, ERT, VeraSci, BrainCheck, MeritTrac, Berke, Neurotrack, Lumosity and Others.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Cognitive Assessment And Training Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cognitive-assessment-and-training-market/download-sampleMarket DynamicsThe market is predominantly driven by the rising geriatric population and growing awareness of the importance of maintaining brain fitness.
Further, rising occurrences of dementia among old aged people are assisting the adoption of cognitive assessment and training solutions is driving the growth of the market.
In addition to this, technological advancement in the healthcare sector and the rising adoption of mobile-based applications also boost the market growth.
Other factors, including rising healthcare expenditure and research and development (R) activities, are expected to drive the market further.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
