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Cognitive Assessment Market 2019 Current and Future Industry Trends Studied in detail by 2027 with Profiling Players- Cambridge Cognition, Cognifit, Cogstate, Medavante-Prophase, Neurocog Trials

07-03-2019 10:17 PM CET | IT, New Media & Software

Press release from: The Insight Partners

Cognitive Assessment Market 2019 Current and Future Industry

The cognitive assessment market has experienced significant growth and adoption rate in the recent years and is expected to experience notable growth and adoption in years to come. Cognitive assessment market operates in a highly-fragmented and competitive marketplace. The leading companies in this market continue to broaden their addressable market, by adopting new technologies such as gamification and digitalization, diversifying their client base, and developing new applications.

Almost all the prominent players face an increasing level of competition, both from start-ups as well the leading global technology companies across the world. These innovative products are integrated with radical biotechnology and neuroscience. Numerous therapeutic products have been developed in partnerships with clinical specialists and those products tend to command high price points.

The global cognitive assessment market accounted to US$ 2.53 Bn in 2017 and is expected to grow at a CAGR of 27.1% during the forecast period 2018 – 2025, to account to US$ 17.08 Bn by 2025.

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Top Key Players profiles in this report includes, Cambridge Cognition Ltd., Cognifit Ltd., Cogstate Ltd., Medavante-Prophase, Inc., Neurocog Trials, Ert Clinical, Scientific Brain Training (Sbt) Sa, Ortelio Ltd., Pearson Plc, Thomas International Ltd.

Cognitive assessment as a special tool in corporate hiring as well as improving productivity of employees:
In the corporate sector, cognitive assessment tests are being highly used at the time of open recruitments to find the suitable candidate for the vacant position in the company. This assessment helps the company to test the individuals on the basis of various qualities that the company might need for its position. This helps the company to avoid bad hiring decision and helps as a substitute for insufficient information gleaned from references. This assessment is also used for the current employees of the company for improving their self-awareness, enhance team development, and plan career development. The increasing use of this assessment in more companies in different regions is presently facilitating the surge of global cognitive assessment market and the same is anticipated to support the growth of global cognitive assessment market in the coming years.

The cognitive assessment market is witnessing strong advancements in technology. Several new types of assessments are being added to the services provided by the companies. Furthermore, new technological innovations are being added to the services of the company. For instance, Cambridge Cognition Ltd. has unveiled a new wearable technology like smartwatch which can be used for monitoring mental health of the patients and can be synced with the smartphone app and the data collected can be used for further treatment of the patients.

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Moreover, other companies in the market are highly investing in the R&D activities for further innovating new assessments and new products in the market for analysis of the cognitive diseases. This will create new opportunities in the market for the companies to increase their customer base and generating higher revenues in the coming years, thereby, catalyzing the cognitive assessment market growth.

Global Cognitive Assessment Market – Segmentation

BY COMPONENT
• Service
• Software
• Hardware

BY APPLICATION
• Scientific Research
• Clinical Trial
• Academic Assessments
• Corporate Training & Recruitment
• Others

BY END-USER
• Healthcare
• Education
• Enterprise
• Sports
• Government
• Defense
• Others

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Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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