"Increasing geriatric population is driving the cognitive assessment and training market"
Globally, the cognitive assessment and training market is expected to grow with a CAGR of 32.0% during the forecast period from 2019 to 2027, up from US$ 3.42 Bn in 2018. This market growth is attributed to the increasing elderly population across the globe. The population aging more than 60 years is growing rapidly worldwide. In 2015, more than 600 Mn populations across the globe were aging more than 60 years and it is estimated to increase cross the 2 Bn mark by 2050. The sudden increase in the life expectancy rate and sudden decline in the infertility rate is driving the growth of the geriatric population. This is accelerating the demand for the cognitive assessment and training market. Furthermore, the increasing awareness towards the metal fitness and health is accelerating the adoption of the cognitive assessment market. Additionally, the technological advancement in the assessment and training tools is propelling the market growth.
Market Synopsis
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"Healthcare sector is dominating the cognitive assessment and training market"
Healthcare sector is the leading sector in the cognitive assessment and training market with the majority share in the revenue in 2018. The increasing adoption of cognitive assessment and training tools in the clinical trials to assess the psychological functionality of the individuals is driving the growth market. Furthermore, the technology has been widely used in the healthcare sector for the early detection of the dementia and Alzheimer disease is augmenting the demand for the market. Additionally, the increasing prevalence of the Alzheimer disease across the globe is presenting huge opportunity for the growth of the market.
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"North America is leading the cognitive assessment and training market"
North America is leading the cognitive assessment and training market with over 40% share in the revenue in 2018. The growing prevalence of the Alzheimer disease in the region is the primary factor driving the growth of the market. Furthermore, the growing geriatric population across the region also act as a major driver for the growth of the market in the region. Additonally, the presence of the major marker players in the region such as Cogstate and Medavante is supporting the market growth in the region.
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The key players in the cognitive assessment and training market are Bracket Global, Brain Resource Ltd., Cambridge Cognition Ltd., CNS Vital Signs LLC, Cognifit, Cogstate Ltd., CRF Health, ERT Clinical, IntelliTools Inc., Lumos Labs, Medavante Inc., Neurocog Trails Inc., Pearson Assessments, Posit Science Corp., and Quest Diagnostics.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The cognitive assessment and training market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global cognitive assessment and training market based on assessment type, component, application, end-use and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Assessment Type Segment (2017–2027; US$ Bn)
• Biometrics assessment
• Hosted assessment
• Pen and paper based assessment
|
|
Component Segment (2017–2027; US$ Bn)
• Solution
o Assessment
o Data analysis and reporting
o Data management
o Project management
o Others
• Service
o Consulting
o Training & support
|
|
Application Segment (2017–2027; US$ Bn)
• Brain training
• Classroom Learning
• Clinical trials
• Corporate Learning
• Research
• Others
|
|
End-use Segment (2017–2027; US$ Bn)
• Education
• Healthcare
• Corporate
• Sports
• Defense
• Pharmaceuticals
• Others
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of Cognitive assessment and training in 2018 and forecast up to 2027?
- Which is the largest regional market for Cognitive assessment and training?
- What are the major trends followed in Cognitive assessment and training market across different regions?
- Who are the key companies in the Cognitive assessment and training market?
- What are the key strategies adopted by the leading Cognitive assessment and training companies in market?
Unique data points of this report
- Statistics on Cognitive assessment and training and spending worldwide
- Recent trends across different regions in terms of adoption of Cognitive assessment and training for industries
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
