North America Cognitive Assessment & Training Market By Component (Solution and Services), By Application (Clinical Trials, Research, Learning and Others), By Organization Size (Large Enterprises and Small & Medium-sized Enterprises (SMEs)), By End User (Healthcare & Life Sciences, Education, Corporate and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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The North America Cognitive Assessment & Training Market would witness market growth of 25% CAGR during the forecast period (2020-2026).
The procedure of measuring the mental capability of a person which further determines the basic abilities of a human mind is called Cognitive assessment. Basically, the cognitive assessment helps in determining a person’s learning ability through the identification of their strengths and weaknesses, where it helps a person to overcome their weaknesses by providing proper cognitive training. The training is not just restricted to adults but it also used for the younger age group. Cognitive training is increasingly used for students, who have learning difficulties and disabilities like dyslexia and dyscalculia. Due to this, there has been a substantial increase in the cognitive assessment and training market. The main reason for the growth of the cognitive assessment and training market is the rising demand for brain training from the next generation population, which acts as a driving force for the market.
The improved economic condition along with the rising literacy rate is expected to be the major factor that acts as a driving force for the global cognitive assessment and training market. The increasing competition in the education sector will encourage the schools to make a personalized evaluation test for students to help them in achieving their academic goals. Then, on the basis of the tests’ scores, psychologists suggest development sessions for the students in their concerned areas. Along with the education sector, the healthcare sector is also expected to register a high application of these solutions in order to guide, assess, training, or enhancement of the cognitive functions of an individual. Some project-oriented companies usually conduct these tests before the allocation of the project to a manager that surge the demand of the cognitive assessment and training market over the forecast period.
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. Based on Application, the market is segmented into Clinical Trials, Research, Learning and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on End User, the market is segmented into Healthcare & Life Sciences, Education, Corporate and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
- Assessment & Data Management
- Data Analysis & Reporting
- Cognitive Training & Others
- Clinical Trials
By Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By End User
- Healthcare & Life Sciences
- Rest of North America
- 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
- Brain Resource Ltd.
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