"Increasing geriatric population is driving the cognitive assessment and training market"

Globally, the cognitive assessment and training market is expected to grow with a CAGR of 32.0% during the forecast period from 2019 to 2027, up from US$ 3.42 Bn in 2018. This market growth is attributed to the increasing elderly population across the globe. The population aging more than 60 years is growing rapidly worldwide. In 2015, more than 600 Mn populations across the globe were aging more than 60 years and it is estimated to increase cross the 2 Bn mark by 2050. The sudden increase in the life expectancy rate and sudden decline in the infertility rate is driving the growth of the geriatric population. This is accelerating the demand for the cognitive assessment and training market. Furthermore, the increasing awareness towards the metal fitness and health is accelerating the adoption of the cognitive assessment market. Additionally, the technological advancement in the assessment and training tools is propelling the market growth.

"Healthcare sector is dominating the cognitive assessment and training market"

Healthcare sector is the leading sector in the cognitive assessment and training market with the majority share in the revenue in 2018. The increasing adoption of cognitive assessment and training tools in the clinical trials to assess the psychological functionality of the individuals is driving the growth market. Furthermore, the technology has been widely used in the healthcare sector for the early detection of the dementia and Alzheimer disease is augmenting the demand for the market. Additionally, the increasing prevalence of the Alzheimer disease across the globe is presenting huge opportunity for the growth of the market.

"North America is leading the cognitive assessment and training market"

North America is leading the cognitive assessment and training market with over 40% share in the revenue in 2018. The growing prevalence of the Alzheimer disease in the region is the primary factor driving the growth of the market. Furthermore, the growing geriatric population across the region also act as a major driver for the growth of the market in the region. Additonally, the presence of the major marker players in the region such as Cogstate and Medavante is supporting the market growth in the region.

The key players in the cognitive assessment and training market are Bracket Global, Brain Resource Ltd., Cambridge Cognition Ltd., CNS Vital Signs LLC, Cognifit, Cogstate Ltd., CRF Health, ERT Clinical, IntelliTools Inc., Lumos Labs, Medavante Inc., Neurocog Trails Inc., Pearson Assessments, Posit Science Corp., and Quest Diagnostics.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Cognitive Assessment & Training market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Cognitive Assessment & Training market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Cognitive Assessment & Training market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Cognitive Assessment & Training market?
• Which is the largest regional market for Cognitive Assessment & Training market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Cognitive Assessment & Training market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Cognitive Assessment & Training market worldwide?