Neurocognitive Assessment and Rehabilitation Market 2024: Trends, Forecast 2033

"The new report published by The Business Research Company, titled ""Neurocognitive Assessment And Rehabilitation Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the neurocognitive assessment and rehabilitation market size has grown strongly in recent years. It will grow from $12.26 billion in 2023 to $13.40 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The neurocognitive assessment and rehabilitation market size is expected to see strong growth in the next few years. It will grow to $19.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.

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Rising Prevalence Of Neurological Disorders Fuels Growth In Neurocognitive Assessment And Rehabilitation Market
The increasing prevalence of neurological disorders is expected to propel the growth of the neurocognitive assessment and rehabilitation market going forward. Neurological disorders are medical conditions that affect the nervous system, including the brain, spinal cord, and nerves, leading to symptoms such as muscle weakness, coordination problems, and cognitive impairments. Neurological disorders can be attributed to a combination of factors with an aging population and the prevalence of age-related conditions such as Alzheimer's disease and Parkinson's disease. Neurocognitive assessment provides insights into cognitive function, aiding in diagnosis and treatment planning for neurological disorders, while rehabilitation interventions aim to optimize neural functioning and enhance quality of life through targeted therapies and strategies. For instance, in February 2021, according to the Alzheimer's Association, a US-based voluntary health organization, the prevalence of Alzheimer's dementia, a neurological disorder, among US individuals people aged 85 and older is projected to reach 2.4 million people in 2024, and expected to rise further to 6.7 million by 2060. Therefore, the increasing prevalence of neurological disorders drives the growth of the neurocognitive assessment and rehabilitation market.

Innovation In Neurocognitive Assessment Tools For Faster Assessment
Major companies operating in the neurocognitive assessment and rehabilitation market are developing innovative solutions, such as digital tests, to screen cognitive impairment and gain a competitive edge. Digital tests refer to assessments conducted using digital platforms or software to evaluate various cognitive functions such as memory, attention, language, and executive function. For instance, in November 2022, Neurotrack Technologies, a US-based company that provides web-based screening tools and cognitive health programs, launched a 3-minute digital test to screen for cognitive impairment. This tool enables primary care teams to swiftly screen for cognitive decline during annual wellness visits, aiding in the early detection of neurodegenerative diseases, including Alzheimer's. It has culturally-agnostic features that enhance accuracy and accessibility, addressing the critical need for cognitive screening amidst an aging population. This innovative solution empowers providers to integrate cognitive testing seamlessly into clinical workflows, potentially revolutionizing dementia care and intervention strategies.

The neurocognitive assessment and rehabilitation market covered in this report is segmented -
1) By Components: Neurocognitive Assessment Testing, Neurorehabilitation Therapy
2) By Providers: Rehab Centers, Hospital And Clinics, Homecare Settings, Physiotherapy Centers
3) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises (SMEs)

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Major companies operating in the neurocognitive assessment and rehabilitation market are Cogstate Ltd, Posit Science Corporation, Lumos Labs Inc., The Magstim Company Ltd, MindMaze SA, CogniFit Inc, Cambridge Cognition Holdings plc, ImPACT Applications Inc., Neurotrack Technologies Inc., Neuroelectrics Corporation, SCHUHFRIED GmbH, Constant Therapy Health Inc., NeuronUP S.L., Qbtech AB, Neurometrix Inc., CogniVue Corporation, Neurohealth Associates LLP , BrainTrain Inc., NeuroEM Therapeutics Inc., HASOMED GmbH, Neurosoft Bioelectronics Corporation, AnthroTronix Inc., Flow Neuroscience AB, NPsych Limited

Contents of the report:
1. Executive Summary
2. Neurocognitive Assessment And Rehabilitation Market Report Structure
3. Neurocognitive Assessment And Rehabilitation Market Trends And Strategies
4. Neurocognitive Assessment And Rehabilitation Market - Macro Economic Scenario
5. Neurocognitive Assessment And Rehabilitation Market Size And Growth
…..
27. Neurocognitive Assessment And Rehabilitation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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