Global Cognitive Assessment and Training Market Research Report Forecast 2026
The Global Cognitive Assessment & Training Market size is expected to reach $11.4 billion by 2026, rising at a market growth of 26.6% CAGR during the forecast period. Cognitive assessment and training is a formal test that evaluated a person’s psychological functioning and speed of information processing. The cognitive tests help in increasing the focus of the individual to increase their efficiency and productivity. The increasing older population and increased healthcare spending also act as a major driver for the market growth during the forecast period. The increasing use of smartphones and tablets makes these tests easily accessible. Thus, it provides direction for the growth of the industry in the next decade.
One of the major neurological diseases in the world is Dementia, which can be detected by these cognitive solutions will boost the market during the forecast period. There are many advantages that these solutions provide such as personality management, psychological education for individuals, and sports management. There is an increasing number of students, who are appearing for the competitive exam which can further boost the growth of the market over the forecast period. The players operating in the market will increase the quality of the solutions and competition in the market that further contribute to the growth of the market. The information technology advancement also results in improving the quality of the cognitive solutions that will surge its demand.
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At present, the global cognitive assessment and training market is observing vigorous growth. The cognitive assessments and training solutions are helping to detect the cognitive impairment signs at the initial stages. These solutions were initially used for conducting a formal assessment of the patient for their psychological functioning and the speed of information processing. Some impairment can be caused due to human aging, some are neural disorders and some are the result of exposure to drugs or medicines. The solution is combined with many tools for assessment, data analysis, and management that support the cognitive training, sports management, and detecting dementia at the initial stage for individuals, which are administered during the classroom sessions, clinical trials, research, brain training, corporate teaching, and diagnostics.
Based on Component, the market is segmented into Solution and Services. Solutions Segment is further bifurcated into Assessment & Data Management, Data Analysis & Reporting and Cognitive Training & Others. The services group is estimated to grow at a rapid speed during the forecast period. The growth is driven by the increasing demand for training and support services by the end-users to assess the cognitive ability of a person effectively and help the person by training and assisting for the future development and growth.
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Last Update : Jan 23, 2021 5:52 AM
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