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Global Cognitive Assessment and Training Market – Industry Trends and Forecast to 2031

ICT

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Global Cognitive Assessment and Training Market – Industry Trends and Forecast to 2031

  • ICT
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Cognitive Assessment and Training Market, By Offering (Solutions and Services), Mode of Assessment (Online and Offline), Type of Assessment (Hosted Assessment, Biometrics Assessment, Personal Interview and Pen and Paper Based Assessment), Age (Seniors (Above 60 Years), Adults (25-60 Years), Children (Below 14 Years) and Youth (15-24 Years)), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Application (Health and Clinical Assessment, Brain Training, Memory Assessment, Research, Classroom Learning, Corporate Learning, Screening and Diagnostics, and Others), Industry (Healthcare, Education, Government, Corporate, Defense, Sports and Others) – Industry Trends and Forecast to 2031.

Cognitive Assessment and Training Market

Cognitive Assessment and Training Market Analysis and Size

The cognitive assessment and training market provides various tools such as computer-based assessments, virtual reality simulations, brain training games, and cognitive exercises. This aid in evaluating and enhancing cognitive abilities such as memory, attention, problem-solving, and decision-making skills. These applications extend to healthcare for diagnosing cognitive disorders, education for improving learning outcomes, and professional settings, contributing to advancements in cognitive science.

Data Bridge Market Research analyses that the global cognitive assessment and training market, which was USD 5,625.81 million in 2023, is expected to reach USD 28,902.90 million by 2031, at a CAGR of 22.7% during the forecast period 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Cognitive Assessment and Training Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Offering (Solutions and Services), Mode of Assessment (Online and Offline), Type of Assessment (Hosted Assessment, Biometrics Assessment, Personal Interview and Pen and Paper Based Assessment), Age (Seniors (Above 60 Years), Adults (25-60 Years), Children (Below 14 Years) and Youth (15-24 Years)), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Application (Health and Clinical Assessment, Brain Training, Memory Assessment, Research, Classroom Learning, Corporate Learning, Screening and Diagnostics, and Others), Industry (Healthcare, Education, Government, Corporate, Defense, Sports and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

LearningRx (U.S.), Quest Diagnostics Incorporated.  (U.S.),  Koninklijke Philips N.V. (Netherlands), Akili, Inc. (U.S.), Pymetrics, Inc.(U.S.), WCG Clinical.  (U.S.), Signant Health (U.S.), CogniFit Inc  (U.S.), ImPACT Applications Inc. (U.S.), Cogstate Ltd. (U.S.),  Cambridge Cognition Ltd  (U.K.), CNS Vital Signs, LLC. (U.S.), Cognadev (U.K.), Cogniciti Inc. (South Africa), Predictive Success Corporation. (Canada)

Market Opportunities

  • Effective Interventions for Aging Population
  • Educational Sector Demand to Optimize Outcomes

Market Definition

Cognitive assessment and training involve evaluating and enhancing cognitive functions such as memory, attention, and problem-solving. It's used in clinical settings to diagnose cognitive impairments such as dementia and in educational contexts for cognitive enhancement. Applications range from rehabilitation programs to academic interventions, improving cognitive functioning.

Global Cognitive Assessment and Training Market Dynamics

Drivers

  • Rising Mental Health Concerns for Well-Being

The increasing incidence of mental health conditions such as anxiety, depression, and ADHD underscores the necessity for cognitive assessment and training. These interventions aim to enhance cognitive abilities and promote well-being, addressing the growing demand for effective strategies to manage and alleviate mental health concerns.

  • Technology Advancements for Immersive Experiences

Technological advancements such as virtual reality, artificial intelligence, and mobile applications have revolutionized cognitive assessment and training. These innovations enhance accessibility and effectiveness, offering personalized and immersive experiences that cater to diverse cognitive needs, driving significant progress in the field.

Opportunities

  • Effective Interventions for Aging Population

The expanding elderly population drives a rising demand for cognitive assessment and training to tackle age-related cognitive decline and neurodegenerative disorders such as Alzheimer's disease. This trend underscores the necessity to provide effective interventions and support systems to maintain cognitive function and enhance overall quality of life for seniors.

  • Educational Sector Demand to Optimize Outcomes

Schools and educational institutions increasingly utilize cognitive assessment and training tools to detect learning challenges promptly. These tools enable personalized interventions for students, fostering their cognitive development and academic success. This trend drives market growth in the education sector, meeting the growing demand for effective learning support mechanisms.

Restraints/Challenges

  • Ethical Considerations Regarding Potential Biases

Ethical concerns regarding potential biases in assessments and the implications of cognitive enhancement interventions can deter market acceptance of cognitive assessment and training solutions. Heightened scrutiny over ethical practices may lead to increased regulatory hurdles and decreased confidence among users, hindering market growth and adoption.

  • High Costs of Cognitive Assessment Tools

The high costs linked to cognitive assessment tools and professional training programs pose a significant barrier to market accessibility, particularly in resource-constrained settings. This financial constraint restricts the adoption of such tools and programs, hindering the widespread implementation of cognitive assessment and training initiatives across diverse populations and organizations.    

This global cognitive assessment and training market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cognitive assessment and training market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In May 2023, Linus Health revealed findings from its study comparing its digital cognitive assessment solution with the Mini-Mental State Examination (MMSE) in detecting cognitive impairment cases. This digital solution facilitates earlier identification of cognitive issues, offering a more efficient and accessible alternative to traditional paper-based assessments
  • In September 2020, Signant Health has launched a new Master Class web series which is designed specifically to boost the understanding skills of clinical operations professionals which are interested in electronic clinical outcome assessments (eCOA). The complimentary and educational class launches deal among three courses along with 16 on-demand lessons that is designed for all levels of eCOA experience taught by clinical research science and technology experts. The company is going to enhance its business portfolio turning more income for it
  • In July 2020, pymetrics, Inc. had a partnership with Infosys Limited which has been working on Reskill & Restart Platform that is designed specifically for providing online platform for the aptitude and skills assessment followed by curated job-specific skills training. The company has enhanced its business portfolio with the partnership that has also boosted the brand value of the company in the global market
  • In June 2020, ACE Applied Cognitive Engineering Ltd. developed a software-based brain training platform designed to optimize players' performance by enhancing rapid response capabilities through brain mapping. The company anticipates revenue growth by launching this service, catering to individuals seeking peak cognitive performance in various fields such as sports and gaming

Global Cognitive Assessment and Training Market Scope

The global cognitive assessment and training market is segmented on the basis of offering, mode of assessment, type of assessment, age, organization size, application and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Offering

  • Solution
  • Assessment
  • Data Analysis and Reporting
  • Data Management
  • Cognitive Training
  • Others
  • Rater Training
  • Concussion Management
  • Screening Solutions
  • Services
  • Training and Support
  • Consulting

 Mode of Assessment

  • Online
  • Offline

 Type of Assessment

  • Hosted Assessment
  • Biometrics Assessment
  • Pen and Paper Based Assessment

 Age

  • Seniors
  • Above 60 Years
  • Adults
  • 25-60 Years
  • Children
  • Below 14 Years
  • Youth
  • 15-24 Years

Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises

 Application

  • Health and Clinical Assessment
  • Brain Training
  • Memory Assessment
  • Research
  • Classroom Learning
  • Corporate Learning
  • Screening and Diagnostics
  • Others
  • Diagnostic
  • Recruitment
  • Patient Engagement

Industry

  • Healthcare
  • Education
  • Government
  • Corporate
  • Defense
  • Sports
  • Others

Global Cognitive Assessment and Training Market Regional Analysis/Insights

The global cognitive assessment and training market is analysed and market size insights and trends are provided by country, offering, mode of assessment, type of assessment, age, organization size, application and industry as referenced above.

The countries covered in the global cognitive assessment and training market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the cognitive assessment and training market, with the U.S. at the forefront due to the concentration of key players. The region's leadership is further solidified by providing cognitive assessments to defense forces, especially veterans and active-duty soldiers, aiming to enhance their resilience and cognitive capabilities.

Europe is expected to dominate the cognitive assessment and training market, with Germany leading the way. German companies actively collaborate with schools and colleges to provide brain training games for students and children, aiming to enhance cognitive abilities from an early age, shaping the future landscape of cognitive development initiatives.

Asia Pacific is expected to dominate the cognitive assessment and training market, with China at the forefront. The aging population's increasing interest in cognitive assessments for brain health maintenance, coupled with physicians' adoption of remote monitoring tools, propels the region's dominance in advancing cognitive health initiatives and technologies.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Cognitive Assessment and Training Market Share Analysis

The global cognitive assessment and training market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global cognitive assessment and training market.

Some of the major players operating in the global cognitive assessment and training market are:

  • LearningRx (U.S.)
  •  Quest Diagnostics Incorporated.  (U.S.)
  •   Koninklijke Philips N.V. (Netherlands)
  •  Akili, Inc. (U.S.)
  •  Pymetrics, Inc.(U.S.)
  •  WCG Clinical.  (U.S.),
  • Signant Health (U.S.)
  • CogniFit Inc  (U.S.)
  •  ImPACT Applications Inc. (U.S.)
  •  Cogstate Ltd. (U.S.)
  •   Cambridge Cognition Ltd  (U.K.)
  •  CNS Vital Signs, LLC. (U.S.)
  •  Cognadev (U.K.)
  • Cogniciti Inc. (South Africa)
  •  Predictive Success Corporation. (Canada)


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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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FREQUENTLY ASK QUESTIONS

The Cognitive Assessment and Training Market size will be worth USD 28,902.90 million by 2031 during the forecast period.
The Cognitive Assessment and Training Market growth rate is 22.7% during the forecast period.
The Rising Mental Health Concerns for Well-Being and Technology Advancements for Immersive Experiences are the growth drivers of the Cognitive Assessment and Training Market.
The offering, mode of assessment, type of assessment, age, organization size, application and industry are the factors on which the Cognitive Assessment and Training Market research is based.
The major companies in the Cognitive Assessment and Training Market are LearningRx (U.S.), Quest Diagnostics Incorporated. (U.S.), Koninklijke Philips N.V. (Netherlands), Akili, Inc. (U.S.), Pymetrics, Inc.(U.S.), WCG Clinical. (U.S.), Signant Health (U.S.), CogniFit Inc (U.S.), ImPACT Applications Inc. (U.S.), Cogstate Ltd. (U.S.), Cambridge Cognition Ltd (U.K.), CNS Vital Signs, LLC. (U.S.), Cognadev (U.K.), Cogniciti Inc. (South Africa), Predictive Success Corporation. (Canada).
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