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Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021

Cognitive Assessment and Training Market: Global Forecast until 2021

  • April 2017
  • 152 pages
  • ID: 4823028
In this report:
Global cognitive assessment and training in healthcare market is estimated to be USD ##.## million in 2016 and is expected to grow at a CAGR of ##.##% from 2016 to 2021.
Currently, ##.##% of people worldwide (## million) are aged ## & over, and this population is expected to increase by nearly ##% of the world's population by 2050 (##.## billion).

Summary

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Rapidly aging overall population, growing awareness about brain fitness, and advancements in technology are driving the cognitive assessment and training market

The cognitive assessment and training market size is forecasted to grow from ~$2.0B in 2016 to ~$8.1B by 2021, at a Compound Annual Increase rate of 32.30 percent during the forecast period. The increasing number of aged people across the world is one of the factors driving the incidents of cognitive impairments. With the growth in the number of baby boomers in developing countries crossing the age of 65 years, the incidence of cognitive impairments is anticipated to rise dramatically. Furthermore, it has become very crucial to introduce new approaches to prevent and tackle the primary, secondary, and tertiary cognitive impairments.

People are becoming more concerned regarding their memory performance and enhancement. Today, almost all the assessment and training methods involve at least one measure, which is monitored, scored, or interpreted with the help of computers or other technologies. Nevertheless, stringent government regulations across the world, negative publicity about brain training efficiency, and time constraints in developing clinically validated brain fitness software have hindered the rise of the cognitive assessment and training market.

Pen- and paper-based assessment is forecasted to contribute to the more significant revenue among other assessment type methods during the estimate period

The pen- and paper-based assessment type is a traditional approach for measuring the cognitive behavior of an individual and remains largely the standard for the assessment of cognitive decline. The segment includes incomes generated by performing and analyzing pen- and paper-based cognitive assessment tests, including Standardized Mini-Mental Status Examination, Alzheimer's Disease Assessment Scale-Cognitive, and clock drawing test by doctors and other professionals.

Clinical trial is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period

Clinical trials are primarily used to identify, measure, or monitor cognitive impairments and cognitive changes; such assessments are performed across multiple languages and cultural groups in various clinical and social settings. The use of clinical trial implies the procedure to expand drug for cognitively impaired patient. It is a long procedure that requires high amount of funding from pharmaceutical vendors and other organization. Therefrom, the need to expand drugs and requirement of clinical testing of patient would boost the rise for clinical trials.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people.

The distribution of profiles of primary members taking part is like:

• By Organization: Tier 1: 35.0 percent, Tier 2: 45.0 percent, and Tier 3: 20.0 percent

• By Description: C-suite: 35.0 percent, D-level: 25.0 percent, and Others: 40.0 percent

• By Area: North America (NA): 45.0 percent, EU: 20.0 percent, Asia Pacific (APAC) : 30.0 percent, and Rest of World : 5.0 percent

Segment Research

The main objective of this report is to define, describe, and forecast the cognitive assessment and training market, which is divided on the basis of assessment types, components (solutions and services), applications, verticals, and territories. The assessment types contain pen- and paper-based, hosted, and biometrics assessments.

The next segment is component types, which is divided into solutions and services; the solutions segment is further broken down into assessment, data management, project management, data review & reporting, and others (containing rater training and prescreening solution); the services segment has been categorized into training & support and consulting. The applications segment consists of clinical trials, classroom learning, corporate learning, brain learning, analysis, and others which include screening and diagnostics, patient engagement, and patient recruitment. Segmentation established on verticals includes education, healthcare, corporate, sports, defense, and pharmaceuticals. The study attempts to forecast the market value with respect to five main regions, that is, North America continent, Europe (EU), Asia-Pac, Middle East (ME) & African continent, and Latin America area.

Why Purchasing This Study Can Help You:

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the cognitive assessment and training market comprehensively and offers the best approximations of the revenue data for the global market, and the sub-segments across distinct end-users and localities.

2. The market research benefits partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to comprehend the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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