The global cognitive assessment and training market is forecast to be valued at US$ 2.04 Bn in 2022, representing a year-on-year expansion rate of 16.5% from 2021.
As the industry shifts toward electronic data collection, guidelines on the recommended approach for establishing similarity between an electronic version of a clinician-administered measure and the paper version are being developed. Over the next decade, the industry is expected to grow more than fourfold.
The adoption of electronic devices for collecting clinical electronic data, combined with increasing digitization in the healthcare sector, has provided significant momentum to the growth of the global cognitive assessment & training market in recent years.
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During the COVID-19 pandemic, the use of work-from-home initiatives, eLearning, and eHealth significantly increased the demand for cognitive assessment and training solutions. Given the negative psychological impact patients have experienced post-infection, tracking cognitive abilities has become an important assessment exercise for healthcare professionals.
Advances in IT systems and healthcare technologies have played an important role in fueling the growth of cognitive assessment solutions in many developed and developing countries.
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Report Attributes |
Details |
|
Estimated Year Value (2022E) |
US$ 2.04 billion |
|
Projected Year Value (2032F) |
US$ 9.4 billion |
|
Global Growth Rate (2022-2032) |
CAGR 16.5% |
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Key Takeaways:
Growth Drivers:
l Gamification is a relatively new trend that focuses on applying game mechanics to non-game contexts in order to engage audiences and inject some fun into mundane activities while also providing motivational and cognitive benefits.
l Businesses across multiple industries are planning to deploy a wide range of cognitive assessment and training solutions to conduct assessments and track and improve brain health. The market is experiencing significant growth as a result of the growing emphasis on mental health and the ability of cognitive assessment and training solutions to be leveraged virtually.
Competitive Landscape:
To improve and expand their market results and product offerings, businesses are focusing on technological innovations and new product launches.
l In June 2020, ERT acquired APDM Wearable Technologies with the goal of reinventing endpoint measurement in clinical trials. Both companies will generate more accurate and powerful data, allowing clinical trials to be more predictable, cost-effective, and efficient.
l In February 2021, Shift Concussion Management Guelph and VoxNeuro announced their partnership, which will allow the former's concussion management program to include objective brain health data. The world's first objective brain health assessment that goes beyond diagnosis is provided by VoxNeuro.
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More valuable Insights on Cognitive Assessment and Training Market
Fact.MR, in its report, offers a market analysis of the global Cognitive Assessment and Training market analysing forecast period through 2022 and beyond. This survey reveals the growth of technology in the Cognitive Assessment and Training Market with detailed segmentation as follows: -
By Component
By Type
By End User
Key Questions covered in the Cognitive Assessment and Training Market Report
l What is the global Cognitive Assessment and Training Market scenario?
l How far is the global demand expected to reach over the forecasted period?s
l What was the last 5-year CAGR for the demand in the demand in the Cognitive Assessment and Training Market?
l Who are the prominent players in the global Cognitive Assessment and Training Market?
l Which is the leading region in the Cognitive Assessment and Training Market?
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Cognitive Assessment and Training Market , Global Cognitive Assessment and Training Market , Cognitive Assessment and Training Demand
Aug 02, 2022
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