The major forces driving this market are the growth in aging population, accessibility of tests, global research environment and increased healthcare spending. Hence, the adoption of cognitive assessment and training solutions is increasing. Also, educational institutions, end consumers and other verticals apart from healthcare are expected to adopt solutions for cognitive assessment and training because of growing need to monitor, assess, train, or enhance cognitive functions of individuals for multiple use cases.
This new report has segmented the cognitive assessment and training market by type of products: pen and paper-based assessment, hosted assessment and training tools, and innovative medical instruments and biometrics; by type of applications: dementia screening, clinical trials, classroom learning, brain training, employers’ assessment and training, concussion management, academic research, and other applications; by type of verticals: education,‘healthcare, pharmaceutical, sports, defense, and other verticals; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA). The report also provides insights into the opportunity analysis of specific end-users and business case analysis and roadmaps for the cognitive assessment and training market.
Solution providers such as Pearson Assessments, Cogstate, Cambridge Cognition, Lumosity, Posit Science, Bracket Global, CNS Vital Signs and many others are expected to continue to leverage opportunities across multiple regions via providing innovative cognitive assessment and training solutions. End customers, medical practitioners, and educational professionals will remain the major market for cognitive assessment and training solutions.
The cognitive assessment and training market is estimated to grow from $1,711.2 million in 2013 to $5,721.2 million in 2018, at a Compound Annual Growth Rate (CAGR) of 27.3% from 2013 to 2018. In the current scenario, healthcare vertical continues to be the largest contributor for cognitive assessment and training solutions. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while the APAC region is expected to experience increased market traction, in due course.