According to a new report Global Cognitive Assessment & Training Market, published by KBV research, 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.
On the basis of solutions, the cognitive assessment and training market is divided into assessment, data analysis, and reporting, data management cognitive training, and others. The segment of data management is estimated to witness rapid growth in adoption due to the increasing requirement for pharmaceuticals to increase data accuracy and make some informed decisions that are related to clinical drug development for treating patients.
The healthcare sector is expected to be the major market shareholder during the forecast period. The organization dealing in the healthcare sector is using cognitive assessment to observe people with mental disorders and is used to detect neurological diseases like dementia. The impairment can be caused in childhood and at old age. Older age and conditions like stroke, dementia, alcohol consumption, and substance abuse can also cause cognitive disorders. The education sector is expected to observe a high CAGR during the forecast period.
The largest market size holder of the global cognitive assessment and training market in North America while Asia Pacific is estimated to grow at a higher CAGR during the forecast period. The increasing awareness of mental health and the need to main mental hygiene, and cognitive skills in main countries like Japan, China, and India will boost the adoption of cognitive assessment and training services and solutions. The advancement in technologies and digitization in these countries are also estimated to increase the demand for cognitive assessment and training solutions from main verticals like education, healthcare, and corporate.
Structural Insights: https://www.kbvresearch.com/cognitive-assessment-training-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Quest Diagnostics, Incorporated, Koninklijke Philips N.V.Cambridge Cognition Holdings PLC, Cogstate Ltd., WCG IRB (Medavante, Inc.), Cognifit, Inc., eResearch Technology, Inc., Lumos Labs, Inc. (Lumosity), Signant Health and Brain Resource Ltd.
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