Cognitive Assessment Market Size Analysis, Regional Outlook Forecast 2022-2028

The global cognitive assessment market is expected to be valued at USD 1,770.1 million in 2022 and is expected to grow at a CAGR of 6.5 % over the forecast period by 2028. According to the U.S. Census Bureau (2015), "non-routine cognitive jobs" comprise more than 55 million jobs in the U.S., accounting for 40% of the workforce, portraying the fact that there is rise in demand for cognitive assessment exercises in corporate learning to improve altered structures due to pathologies such as neurodegenerative disease, Alzheimer's disease, Parkinson 's disease, mental illness. Every 3 seconds one person on this planet develops dementia, and in that 70% has been confirmed as Alzheimer's. boosting the global market.

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Biometrics Assessment Accounted for Higher Revenue Share in Global Cognitive Assessment Market:
Based on application, global cognitive assessment is segmented into pen-and-paper based assessment, hosted assessment, biometrics assessment. It's observed biometric assessment contribute higher revenue due to various factors. The automatic identification of individuals based on their behavioral and biological characteristics is encouraged by biometric identification as a way to help detect terrorists, have better monitoring of access to physical facilities and financial accounts, and enhance the effectiveness of access to and use of services. Among other things, biometric recognition has been applied to the identification of criminals, patient tracking in medical computer science, and the personalization of social services.

North America Leads the Global Cognitive Assessment Market:
Based on regional analysis, global cognitive assessment market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America global cognitive assessment market contributed the largest share in 2021. These groundbreaking products are combined 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 all these boost the global cognitive assessment market. There has been an estimation that 46.8 million individuals are living with Dementia in 2017 and this number is expected to be near to 50 million individuals in 2019

Strategic Acquisitions, Merger, Agreements, Collaborations and Partnerships are the key strategies adopted by market players:
Global cognitive assessment market further reveals that the key player's increasingly adopting strategies such as strategic acquisitions, merger, agreements, collaborations and partnerships to enhance market revenue share. For instance, In December 2016, ERT acquired an England-based clinical trial vendor, Exco InTouch. The company focuses on patient engagement and data collection via mobile apps, which supports the ERT eCOA, by offering patient-driven solutions

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Key player's profiles in the global cognitive assessment market are: Cambridge Cognition Ltd.. Cogstate Ltd., MedAvante, Inc., ProPhase, LLC, Neurocog Trials, Inc., Medavante, Inc., Quest Diagnostics, Inc., ProPhase, LLC, Eresearchtechnology Inc., Gompf Brackets, Inc.

Detailed Segmentation
By Type
• Pen-and-Paper Based Assessment
• Hosted Assessment
• Biometrics Assessment

By Components
• Solutions
• Services

By Applications
• Clinical Trials
• Classroom Learning
• Brain training
• Corporate Learning
• Research
• Others

End User
• Education
• Healthcare
• Corporate
• Sports
• Defense
• Pharmaceuticals
• Others

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This release was published on openPR.