Cognitive Assessment and Training Market by Component (Solution and Service), Assessment Type (Hosted Assessment, Biometric Assessment, and Pen & Paper-Based Assessment), Application (Clinical Trials, Classroom Learning, Brain Training, Corporate Learning, Research, and Others), and Industry Vertical (BFSI, Retail, IT & Telecom, Education, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
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Jul 2020 |
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Cognitive assessment and training is a technique of assessing IQ or level of intelligence, perceptual abilities, and verbal and non-verbal skills along with other parameters. It is a formal assessment of an individual’s psychological functions and speed of information processing. It is the mental process of acquiring knowledge and understanding through experience and sense. The analysis which is obtained after cognitive assessment is useful for various functions such as cognitive training of individuals, early detection of dementia among population, sports management, and others. Various tools are used to identify individuals who are likely to need additional evaluation and at present, these tests are widely used by organizations as a part of recruitment process. This process is used to assess a candidate’s competence and suitability for a role, as well as to predict his/her future performance, these are the key features which give rise to the cognitive assessment and training market.
Increase in demand for brain training from next generation population, rise in aging population, and ongoing technological advancements in the healthcare industry are the major drivers for the cognitive assessment and training market growth. In addition, dementia is one of the major neurological diseases globally and the capability of these solutions to detect such neurological disorders fuel the growth of the market. However, stringent government regulations across the global and negative publicity about brain training efficiency hamper the growth of the market. Furthermore, rise in demand for improved brain fitness and increase in number of industry players, which results in rise in competition to provide value added solutions, are anticipated to provide major opportunities for the cognitive assessment and training market.
The cognitive assessment and training market is segmented into component, assessment type, application, industry vertical, and region. In terms of component, it is bifurcated into solution and services. The solution segment is further sub segmented into assessment, data management, project management, data analysis & reporting, and others. The service segment is further bifurcated into consulting and training. In terms of assessment type, it is segmented into hosted assessment, biometric assessment, and pen & paper-based assessment. By application, it is segmented into clinical trials, classroom learning, brain training, corporate learning, research, and others. As per industry vertical, it is categorized into BFSI, retail, IT & telecom, education, healthcare, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the cognitive assessment and training market analysis are Cambridge Cognition Ltd., Cogstate Ltd., MedAvante Inc., ProPhase LLC, Neurocog Trials Inc., Medavante Inc., Quest Diagnostics Inc., ProPhase LLC, Eresearchtechnology Inc., and Gompf Brackets Inc. The current and future market trends are outlined to determine the overall attractiveness of the market.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global cognitive assessment and training market along with the current trends & future estimations to elucidate the imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the cognitive assessment and training market share is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the cognitive assessment and training industry.
- The quantitative analysis of the cognitive assessment and training market from 2018 to 2026 is provided to determine the market potential.
COGNITIVE ASSESSMENT AND TRAINING MARKET KEY MARKET SEGMENTS
By Component
- Solution
- Services
By Assessment Type
- Hosted Assessment
- Biometric Assessment
- Pen & Paper Based Assessment
By Application
- Clinical Trials
- Classroom Learning
- Brain Training
- Corporate Learning
- Research
- Others
By Industry Vertical
- BFSI
- Retail
- IT and Telecom
- Education
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Cambridge Cognition Ltd.
- Cogstate Ltd.
- MedAvante, Inc.
- ProPhase, LLC
- Neurocog Trials, Inc.
- Medavante, Inc.
- Quest Diagnostics, Inc.
- ProPhase, LLC
- Eresearchtechnology Inc.
- Gompf Brackets, Inc.
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