Cognitive Assessment Market By Business Top Key Players, Growth, Trend, Segmentation, Revenue and Industry Expansion Forecast Report, The Insight Partners

According to the new research report published by The Insight Partners, titled "Cognitive Assessment Market - Global Analysis and Forecast to 2025", the global cognitive assessment market is expected to reach US$ 17.08 Bn in 2025, registering a CAGR of 27.1% during the forecast period 2018 to 2025.

 The employment landscape has transformed radically after the financial crisis of 2008. The global upsurge in internet users and the groundbreaking changes in human resource management industry have created a rich atmosphere for cognitive assessment service to propagate. Cognitive assessment service plays a vital role in the clinical assessment and recruitment process across the globe. With increased access to computers and the Internet, particularly among older adults. Adoption of more flexible, device-independent deployment models with features ideal for self-assessment is propelling the cognitive and other internet based tests. Rise in aging population and increase in global research investment will act as major drivers for the continual growth in market size and commercial opportunity. Cognitive assessment market operates in a highly-fragmented and competitive marketplace.

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The market for Location of Things globally has been segmented into segments including components, applications, and end-users. The components segment is fragmented by solutions and services. Whereas the applications is further segmented into scientific research, clinical trial, academic assessments, and corporate training and recruitment. By end users market is segmented into education, healthcare, enterprise, sports, government, and defense. Geographically the market is presently dominated by developed regions including, North America. However, the market is expected to be in favor of APAC. The rising penetration of smartphones in the developing economies of Asia coupled with the rapidly developing internet infrastructures in these regions are proving to be the major drivers for the growth in the adoption of Location of Things technology.

Some of the companies competing in the Cognitive Assessment Market are -

•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.

The employment landscape has transformed radically after the financial crisis of 2008. The global upsurge in internet users and the groundbreaking changes in human resource management industry have created a rich atmosphere for cognitive assessment service to propagate. Cognitive assessment service plays a vital role in the clinical assessment and recruitment process across the globe. Because age is the strongest risk factor for cognitive decline, the need for cognitive assessment is likely to rise proportionately.

With increased access to computers and the Internet, particularly among older adults. Adoption of more flexible, device-independent deployment models with features ideal for self-assessment is propelling the cognitive and other internet based tests. Rise in aging population and increase in global research investment will act as major drivers for the continual growth in market size and commercial opportunity. Capitalize on the shifting trend from traditional pen and paper-based assessment to hosted tools is acting as a driver for the growth of the cognitive assessment market. Besides this, military and government deployment of cognition test in European countries also support market growth in near future.

Key findings of the study:

From a growth perspective Japan in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 34.3% during the forecast period
Clinical Research segment accounted for the largest market share in 2017, and is anticipated to be the fastest growing segment in cognitive assessment market during the forecast period.
Service segment dominated the cognitive assessment market in 2017, and the same is expected to drive the market growth during the forecast period from 2018 - 2025.
Healthcare segment is foreseen to catalyze the demand for cognitive assessment across the globe.

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Application -Based Market Insights

The Cognitive Assessment is divided into five major types i.e., scientific research, clinical research, academic assessment, corporate training and recruitment and others. The growth of ageing populations in several countries of Europe including France has prompted interest in the assessment of cognitive ability in elderly individuals. The early detection of cognitive impairment, and decline of cognitive abilities, is relevant to the diagnosis of mental health conditions such as dementia, mild cognitive impairment, and delirium.

End-User -Based Market Insights

The Cognitive Assessment market by end-user is further segmented into six major types. Education, Enterprise, Government, and Others explain the acceleration of the market growth. Globalization, better access to technology and a better understanding of the long-term benefits a good mental health also participate to that development. The market will continue its growth in the forecast period.

What questions does the Cognitive Assessment Market report answer about the regional reach of the industry

The report claims to split the regional scope of the Cognitive Assessment Market into North America, Europe, Asia-Pacific, South America & Middle East and Africa. Which among these regions has been touted to amass the largest market share over the anticipated duration

How do the sales figures look at present How does the sales scenario look for the future
Considering the present scenario, how much revenue will each region attain by the end of the forecast period
How much is the market share that each of these regions has accumulated presently
How much is the growth rate that each topography will depict over the predicted timeline

Reasons for buy this Report

Highlights key business priorities to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Cognitive Assessment market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

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Contact Person: Ankit Mathur
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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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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