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Cognitive Assessment and Training Market Growth, Drivers, Demand, Merger, Acquisition, SWOT Analysis, PESTELE Analysis and Business Opportunities by 2028

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Cognitive Assessment and Training Market Growth, Drivers, Demand, Merger, Acquisition, SWOT Analysis, PESTELE Analysis and Business Opportunities by 2028

April 09
15:32 2021
Increased adoption of gamification in cognitive assessment is a major factor expected to continue to drive growth of the cognitive assessment and training market in future.

Market Size – USD 3.23 Billion in 2020, Market Growth – at a CAGR of 20.3%, Market Trends – Advancements in technology. 

The global cognitive assessment and training market size is expected to reach USD 15.65 Billion at a steady CAGR of 20.3% in 2028, according to latest analysis by Emergen Research. Increasing awareness regarding the advantages of maintaining good brain fitness is among some of the key factors driving growth of the cognitive assessment and training market. Cognitive assessment and training is not limited to adults, and is also a tool for use with children with learning disabilities such as dyslexia. Cognitive assessment and training tools have been in use for older individuals among the population suffering from vision and dementia problems.

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Some Key Highlights in the Report

  • In February 2021, Shift Concussion Management Guelph and VoxNeuro announced their entering into partnership, which enabled the addition of objective brain health data to the former’s concussion management program. Shift Concussion Management Guelph, which is the founder of ‘Shift Concussion Management Program’, joined VoxNeuro’s growing clinical network as a test center and treatment provider in Southern Ontario, Canada. VoxNeuro provides the world’s first objective brain health assessment that goes beyond a diagnosis.
  • Among the application segments, the clinical trials segment accounted for largest share in 2020. Identification and assessment of cognitive changes and ability to diagnose and reduce the chance of developing brain disease in a patient are features that are resulting in development of new solutions and programs and driving revenue growth of this segment.
  • Clinical trial data solutions company, ERT, partnered with Cogstate in August 2020 to expand its capabilities in its electronic Clinical Outcome Assessment (eCOA) tool. ERT is focusing on improving the safety and efficacy of eCOA with digital cognitive endpoint measurement in clinical trials and at-home testing.
  • Key players in the market include Quest Diagnostics, BrainWare, MeritTrac, Cambridge Cognition, Pearson, MedAvante-ProPhase, Cogstate, Winterlight Labs, Philips, and Signant Health.

Emergen Research has segmented the global cognitive assessment and training market on the basis of component, organization size, application, end-use, and region:

  • Component Outlook (Revenue, USD Billion; 2018–2028)
    • Solutions
      1. Assessment
      2. Data Management
      3. Data Analysis and Reporting
      4. Cognitive Training
      5. Others (Rater Training, Concussion Management, and Screening Solutions)
    • Services
      1. Training and Support
      2. Consulting
    • Organization Size Outlook (Revenue, USD Billion; 2018–2028)
      • Large Enterprises
      • Small and Medium-sized Enterprises (SMEs)
    • Application Outlook (Revenue, USD Billion; 2018–2028)
      • Clinical Trials
      • Learning
      • Research
      • Others (Diagnostics, Recruitment and Patient Engagement)
    • End-use Outlook (Revenue, USD Billion; 2018–2028)
      • Healthcare and Life Sciences
      • Education
      • Corporate
      • Others (Sports and Government & Defense)

The Global Cognitive Assessment and Training Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include: 

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, Japan, India, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

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The following are the main reasons to buy the Global Cognitive Assessment and Training Market report:

  1. The latest report closely evaluates the overall market size and infers on various aspects, such as the current business trends, market share, product offerings, and product share.
  2. It offers a detailed account of the end-use applications of the products & services offered by this industry.
  3. It offers an insightful analysis of the various regional segments of the market that are projected to witness enormous growth over the forecast period.
  4. Furthermore, the report covers the latest developments taking place in the market and effective business strategies implemented by the leading market rivals.

The report considers the following market growth estimation timeline:

  1. Historical Years: 2018-2019
  2. Base Year: 2020
  3. Estimated Year: 2028
  4. Forecast Years: 2021-2028

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Cognitive Assessment and Training Market Segmentation & Impact Analysis
    4.1. Cognitive Assessment and Training Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Rising adoption of gamification for cognitive assessment
                    4.2.2.2. Social distancing practices resulting in increased adoption of eLearning solutions
          4.2.3. Market restraints analysis 
                    4.2.3.1. Negative publicity in the media about brain training efficiency
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Cognitive Assessment and Training Market By Component Insights & Trends, Revenue (USD Billion)
    5.1. Component Dynamics & Market Share, 2021 & 2028
          5.1.1. Solutions
                    5.1.1.1. Assessment
                    5.1.1.2. Data Management
                    5.1.1.3. Data Analysis and Reporting
                    5.1.1.4. Cognitive Training
                    5.1.1.5. Others (Rater Training, Concussion Management, and Screening Solutions)
          5.1.2. Services
                    5.1.2.1. Training and Support
                    5.1.2.2. Consulting

Chapter 6. Cognitive Assessment and Training Market By Organization Size Insights & Trends Revenue (USD Billion)
    6.1. Organization Size Dynamics & Market Share, 2021 & 2028
          6.1.1. Large Enterprises
          6.1.2. Small and Medium-sized Enterprises (SMEs)

CONTINUED…!!

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Thank you for reading our report. To know more about the report, please connect with us, and our team will ensure the report is customized to meet your requirements.

Media Contact
Company Name: Emergen Research
Contact Person: Eric Lee
Email: Send Email
Phone: +1 (604) 757-9756
Address:14671 110 Avenue Surrey, British Columbia, V3R2A9
City: Surrey
State: British Columbia
Country: Canada
Website: https://www.emergenresearch.com/industry-report/cognitive-assessment-and-training-market

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