LearningRx, Quest Diagnostics Incorporated and Koninklijke Philips N.V. are Dominating the Global Cognitive Assessment and Training Market in 2020

Global Cognitive Assessment and Training Market is expected to grow with the CAGR of 22.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global cognitive assessment and training market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global cognitive assessment and training market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in November 2019, Koninklijke Philips N.V. has announced their debut of cognitive assessment platform, IntelliSpace Cognition. It has been developed by combining its own cloud-based HealthSuite Digital Platform and artificial intelligence (AI) to assess cognitive impairment. It automatically can carry out various kinds of test as well as provides comprehensive information about the cognitive ability of a patient. This has helped the company to enter into this market and grab market share which has helped them to earn more revenues.

LearningRx is the dominating player in global cognitive assessment and training market. The other key players existing in the market includes Quest Diagnostics Incorporated, Koninklijke Philips N.V., Medavante-Prophase Inc., Akili Interactive Labs, Inc., pymetrics, Inc., VeraSci, Lumos Labs, Inc., Signant Health, CogniFit, ImPACT Applications Inc., Cogstate Ltd., ACE Applied Cognitive Engineering Ltd., Arrowsmith Program, Brain9D, BrainWare Learning Company, Cambridge Cognition Ltd, CNS Vital Signs, LLC, Cognadev, Cogniciti Inc., Elevate Labs, Memorado, neuroCare Listen And Learn Pty Ltd., NeuroNation, Peak, Pearson, Posit Science, Predictive Success Corporation, Savonix, Inc., among others.

Cognitive Assessment and Training MarketLearningRx

LearningRx is headquartered in Colorado, U.S. which was established in 1980. The company offers unique cognitive skills training methodology that strengthen core skills required to learn and think. The company offers wide range of product categories such as ThinkRx, ReadRx, ComprehendRx, MathRx, Einstein, LiftOff, StudyRx, Brain Booster, BrainSkills, Online Brain Training and all of them are focused category.

  • In August 2020, LearningRx, Inc. has been awarded with second position for the competition held in National Brain Training Contest. Each year, LearningRx, Inc. hosts a national competition among its graduates to assess which students after completing personal brain training have experienced the greatest cognitive ability gains. The company has been promoted and attracted new customers through the recognition of this award.

The company has wide presence in the U.S.                           

Quest Diagnostics Incorporated

Quest Diagnostics Incorporated is headquartered in New Jersey, U.S. and it was established in year 1967. The company is engaged in providing various types of clinical tests for hospitals, patients as well as for other business entities. The company offers various product categories such as cancer, chronic disease, health & wellness, immunology infectious disease, men’s health, neurology and women’s health among which neurology is focused category. They operate their businesses in diagnostic information services, diagnostic solutions among which diagnostic information services is focused category.

  • In January 2019, Quest Diagnostics Incorporated has been recognised as one of the leading providers of diagnostic information services globally for the fourth time in a row by Fortune magazine. They have gained the status of Fortune's World's Most Admired Companies and this list is prepared by surveying about 700 companies from about 30 countries and then they are rated as per their quality and value. This has pushed them into the spotlight and boosted their brand image which has increased their overall valuation.

The company has wide global presence in North America, Asia-Pacific and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such AmeriPath, Inc. (U.S.), Quest Diagnostics Nichols Institute of Valencia, Inc. (Spain), LabOne, LLC (U.S.), Quest Diagnostics do Brasil Ltda. (Brazil) and Quest Diagnostics India Private Limited (India), among others.

Koninklijke Philips N.V.

Koninklijke Philips N.V. is headquartered in Amsterdam, The Netherlands which was founded in 1891. The company provides innovative products and services in personal care, household, lighting and automotive among others. The company has product categories which are healthcare, government, lighting, dental, automotive, professional dictation solutions, Philips innovation services, intellectual property and standards, professional display solutions, physical therapy solutions and hearing solutions in which healthcare is market focused category. They operate their businesses in diagnosis & treatment businesses, connected care businesses, personal health businesses and other among which connected care Businesses is focused category

  • In November 2019, Koninklijke Philips N.V. has announced their debut of cognitive assessment platform, IntelliSpace Cognition. It has been developed by combining its own cloud-based HealthSuite Digital Platform and artificial intelligence (AI) to assess cognitive impairment. It automatically can carry out various kinds of test as well as provides comprehensive information about the cognitive ability of a patient. This has helped the company to enter into this market and grab market share which has helped them to earn more revenues.

The company has global presence in Americas, Europe, Middle East and Africa, Asia-Pacific. In addition, company also generates revenue through the subsidiary such as Philips Medizin Systeme Böblingen GmbH (Germany), Philips GmbH (Germany), Philips Japan, Ltd (Japan), Philips (China) Investment and Philips Ultrasound, Inc. (U.S.) and Company, Ltd. (China), among others.