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Cognitive Assessment and Training Market - Increased Healthcare Expenditure and Rise in R&D Initiatives Rapidlly Growing Dynamics

06-08-2018 07:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Cognitive assessment and training is a formal assessment of one’s psychological functions and speed of information processing. This method of assessment helps an individual in assessing, defining and focusing on individual needs more efficiently. The analysis after cognitive assessment can be useful for various functions such as cognitive training of individuals, early detection of dementia among population and sports management.

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Based on the statistics provided by Alzheimer’s Disease International, approximately 44.4 million people are suffering from dementia worldwide, as of 2013; dementia is expected to remain as one of the major neurological disease globally.

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Some of the major factors driving this market are aging population, increased healthcare expenditure and rise in R&D initiatives. Additionally, accessibility of these tests is one of the major factor that is contributing growing adoption of various tools of cognitive assessment and training.

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Cognitive assessment and training solutions can also help various organizations and educational institutions in providing suitable guidance to improve cognitive functions of individuals for various disease conditions. However, constant need of development and improvement of thesetests. Moreover,increased need for multiple language tests are some of the factors that could hinder the growth of the market.

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