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Cognitive Assessment and Training in Healthcare Market: Forecasting Growth, Market Segments, and Technological Insights
Cognitive Assessment And Training In Healthcare Market
Cognitive Assessment And Training In Healthcare Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $16.21 billion In 2028 At A CAGR Of 29.6% :
The cognitive assessment and training in healthcare market size has grown exponentially in recent years. It will grow from $4.33 billion in 2023 to $5.74 billion in 2024 at a compound annual growth rate (CAGR) of 32.6%. The growth in the historic period can be attributed to data explosion and complexity, growing it infrastructure complexity, demand for proactive issue resolution, automation for efficiency, rise of devops practices.
The cognitive assessment and training in healthcare market size is expected to see exponential growth in the next few years. It will grow to $16.21 billion in 2028 at a compound annual growth rate (CAGR) of 29.6%. The growth in the forecast period can be attributed to integration with aiops, hybrid and multi-cloud environments, focus on explainable ai, enhanced predictive analytics, integration with edge computing. Major trends in the forecast period include advancements in ai and ml technologies, strategic role in digital transformation, intent-based networking (ibn), autonomous operations, aiops for it operations.
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Cognitive Assessment And Training In Healthcare Market Major Segments
The cognitive assessment and training in healthcare market covered in this report is segmented -
1) By Component: Solution, Services
2) By Technology: Pen And Paper Based Assessment, Hosted Assessment And Training Tools, Biometrics
3) By Application: Screening And Diagnostics, Clinical Trial, Brain Training, Other Applications
Key Driver - Dementia Epidemic Fuels Growth in the Cognitive Assessment and Training Healthcare Market
The increasing incidence of dementia is expected to propel the growth of cognitive assessment and training in the healthcare market going forward. Dementia is a category of neurological disorders characterized by a decline in cognitive functions such as memory, thinking, problem-solving, language, and the ability to perform everyday activities. Cognitive assessment tools help detect early signs of cognitive impairment, which can be indicative of dementia, and are also used to monitor the progression of dementia and track changes in cognitive function over time. It can help healthcare providers adjust treatment plans and provide appropriate support as the disease progresses. For instance, in June 2023, according to Alzheimer's Research UK, a UK-based charity organization, it is estimated that by 2040, over 1.2 million people in the UK will be living with dementia, which represents a significant increase in prevalence, amounting to a 30% rise from the numbers recorded in 2022. Therefore, the increasing incidence of dementia will drive the growth of cognitive assessment and training in the healthcare market.
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Prominent Trend - Innovative AI-Powered Cognitive Assessment and Training Tools Revolutionize Healthcare Market
Major companies operating in cognitive assessment and training in the healthcare market are focused on developing innovative products with advanced technologies such as artificial intelligence (AI) to enhance the accuracy and personalization of cognitive assessments, enabling more effective and tailored cognitive training programs for patients. Artificial intelligence in cognitive assessment and training in healthcare tools are AI-powered cognitive assessment tools utilized to provide personalized insights and deliver tailored cognitive training programs for individuals, optimizing cognitive health and well-being. For instance, in February 2023, Cognetivity Neurosciences Ltd., a UK-based medical technology company, introduced CognICA, a brain health screening platform powered by artificial intelligence (AI) and machine learning (ML) techniques. It is designed to assess and monitor brain health and is used in medical, commercial, and consumer environments. It enables the early detection of cognitive impairment, allowing for timely interventions and long-term treatment management.
Cognitive Assessment And Training In Healthcare Market Players
Major companies operating in the cognitive assessment and training in healthcare market report are Signant Health Private Limited, Clario Inc., WIRB-Copernicus Group, WIRB-Copernicus Group, Tecsys Inc., Cognitivescale, Cogstate Ltd., Cognetivity Neurosciences Ltd., MedAvante Inc., Terso Solutions Inc., CogniFit Inc., Akili Inc., BrainScope Company Inc., Cambridge Cognition Ltd., Quest Diagnostics Incorporated, NeuroNation, Wysa Ltd., Brain Resource Company, CNS Vital Signs LLC, Brackets Inc. , Happify Inc., Pear Therapeutics Inc., Total Brain Ltd., Fit Brains Ltd., Posit Science Corporation, Epicor Software Corporation
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Largest And Fastest Growing Region In The Market
North America was the largest region in the cognitive assessment and training in the healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive assessment and training in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cognitive Assessment And Training In Healthcare Market Report Structure
3. Cognitive Assessment And Training In Healthcare Market Trends And Strategies
4. Cognitive Assessment And Training In Healthcare Market - Macro Economic Scenario
5. Cognitive Assessment And Training In Healthcare Market Size And Growth
…..
27. Cognitive Assessment And Training In Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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