According to new
market research report on "Cognitive Assessment and Training in Healthcare
Market by Assessment
Type (Pen-and-Paper Based, Hosted, and Biometrics), Components, Application
(Clinical Trial, Screening & Diagnostics, Brain Training, Academic
Research), & Region - Global forecast to 2021", The cognitive assessment and training in
healthcare market size is estimated to grow from USD 962.0 Million in 2016 to
USD 4,127.2 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 33.8%.
Browse and in-depth TOC on “Cognitive Assessment and Training in Healthcare Market”
56 - Tables
44 - Figures
134 - Pages
The major forces
driving this market are aging global population, increasing awareness about
brain fitness, and advancements in technology. The growing market for cognitive
solutions and increasing demand for brain training by next-generation
tech-savvy population are contributing to the growth of the cognitive
assessment and training in healthcare market.
Clinical trials in
terms of application is expected hold the largest market share in the cognitive
assessment and training in healthcare market during the forecast period
Clinical trials are
mainly used to identify, measure, or monitor cognitive impairments and
cognitive changes. The assessment of cognitive functions is an integral part of
decision making during clinical drug development, as certain drugs can have an
impact on the cognitive capabilities of the brain. The market is expected to
contribute the highest revenue for vendors offering clinical trials.
Service segment is
expected to grow at the highest CAGR in the cognitive assessment and training
in healthcare market and the current trend is expected to continue during the
forecast period
An Increasing
demand for cognitive assessment and training tests and procedures in the global
healthcare market also provides a significant scope for associated services as
well. The growth of the services segment is expected to accelerate, due to an
increasing level of awareness regarding the brain fitness. With the increasing
utilization of cognitive assessment and training solutions, the services act as
an add-on to these solutions making them more valuable. Providers of cognitive
assessment and training solutions and services offer training and coaching
services to deliver balanced cognitive rehabilitation solutions.
North America is
expected to contribute the largest market share and Asia-Pacific (APAC) to grow
at the highest rate
North America is
expected to hold the largest market share and to dominate the cognitive
assessment and training in healthcare market from 2016 to 2021, due to the
increasing awareness among population about adopting medication for cognitive
diseases. The new generation in this region is more concerned towards the
benefits of cognitive training, which is not just limited to patients with
cognitive dysfunctions. The U.S. market holds a majority of the market share in
terms of adoption as well as revenue generation in the North American market,
due to the rapidly aging population vulnerable to cognitive diseases in the
region. The APAC region is expected to witness the highest growth rate during
the forecast period, as the population in the region is more inclined towards
adopting a healthier lifestyle. Hence, the concerns regarding cognitive
diseases are growing in the region.
The major vendors
in the cognitive assessment and training in healthcare market include Cambridge
Cognition Ltd. (Cambridge, U.K.), Cogstate Ltd. (New Haven, U.S.), Bracket
(Pennsylvania, U.S.), MedAvante Inc. (New Jersey, U.S.), Quest Diagnostic (New
Jersey, U.S.), ProPhase, LLC (New York, U.S.), CogniFit (New York, U.S.), ERT
Clinical (Pennsylvania, U.S.), NeuroCog Trials (North Carolina, U.S.), and
Brain Resource Company (New South Wales, Australia).
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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