Market Highlights:
Cognitive assessment and training modules have become a sought-after solution for evaluating the intellectual capability of an individual. Demand for such solutions has grown consistently in recent years. Market Research Future (MRFR’s) latest report reveals that the global cognitive assessment & training market will surge at a compound annual growth rate of 25% during the forecast period (2017-2023).
Cognitive assessment is the process of gauging the mental capability of a person which is in turn related to a lot of basic abilities attributed to a human mind. It is basically carried out in order to determine a person’s learning ability by identifying their strengths and weaknesses and proper cognitive training is provided in order to overcome those weaknesses. Cognitive training is not just limited to adults. It is increasingly being implemented for students with learning difficulties and disabilities such as dyslexia and dyscalculia. Owing to this, there has been a considerable increase in the applications of cognitive assessment and training market. Increasing demand for brain training from the next generation population is one major factors driving the growth of cognitive assessment and training market.
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Major Key Players:
- Cambridge Cognition Ltd. (U.K),
- Cogstate Ltd. (U.S.),
- Bracket Global (U.S.),
- Medavante, Inc. (U.S.),
- Quest Diagnostics, Inc. (U.S.),
- ProPhase, LLC (U.S.),
- Cognifit (U.S.),
- Eresearchtechnology Inc. (U.S.),
- Neurocog Trials, Inc. (U.S.),
- Pearson Education (U.K)
According to MRFR, The global cognitive assessment and training market is expected to grow with approximately 25% of CAGR during forecast period 2017-2023.
Industry News
Prominent private equity firm CIP Capital recently revealed that is made an investment in the US based provider of research-proven math products and innovative learning services Carnegie learning. CIP is also plotting to merge its newly acquired Language Learning Solutions business New Mountain Learning (NML) with Carnegie to create a dynamic, progressive and comprehensive synergy that can develop advanced learning technologies.
Market leader CogniFit has recently introduced an innovative online cognitive assessment battery aimed at helping identify signs of depression and the changed cognitive processes it causes. In addition, the battery will also specify the individual’s cognitive risk index for depression.
Regional Analysis:
North America region holds the largest market share of global cognitive assessment & training market followed by Europe and Asia Pacific regions. The growth in the North America region is mainly dominated by U.S. and Canada and is attributed to rise in technological enhancements and aging population in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies. The growing demand for improving the neuroplasticity of the brain and increasing awareness about brain fitness are the major driving factors of cognitive assessment and training market in the region.
Segmentation
Cognitive assessment & training market can be segmented on the basis of following:
By Component
Solution
- Data Management
- Project Management
- Data Analysis & Reporting
- Assessment
Services
- Consulting
- Training & Support
By Assessment Type
- Hosted Assessment
- Biometric Assessment
- Pen & Paper Based Assessment
By Application
- Classroom Learning
- Corporate Learning
- Brain Training
- Clinical Trials
- Research
By Vertical
- Corporate
- Healthcare
- Education
- Sports
- Defense
- Pharmaceuticals
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Intended Audience
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
- Software Vendors
- CROs
- Hospitals
- Healthcare practitioners
- Brain training companies
LIST OF TABLES
TABLE 1 COGNITIVE ASSESSMENT & TRAINING MARKET, BY COMPONENT
TABLE 2 COGNITIVE ASSESSMENT & TRAINING MARKET, BY ASSESSMENT TYPE
TABLE 3 COGNITIVE ASSESSMENT & TRAINING MARKET, BY APPLICATION
TABLE 4 COGNITIVE ASSESSMENT & TRAINING MARKET, BY VERTICAL
TABLE 5 COGNITIVE ASSESSMENT & TRAINING MARKET, BY REGION
TABLE 6 NORTH AMERICA COGNITIVE ASSESSMENT & TRAINING MARKET, BY COMPONENT
TABLE 7 NORTH AMERICA COGNITIVE ASSESSMENT & TRAINING MARKET, BY ASSESSMENT TYPE
TABLE 8 NORTH AMERICA COGNITIVE ASSESSMENT & TRAINING MARKET, BY APPLICATION
TABLE 9 NORTH AMERICA COGNITIVE ASSESSMENT & TRAINING MARKET, BY VERTICAL
Continued……
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