Press release
Cognitive Assessment And Training Market: Exponential Growth, Key Trends, and Projections for 2024-2029
Cognitive Assessment And Training Market Trends
What Is The Projected Market Size Of The Global Cognitive Assessment And Training Market And Its Growth Rate?
• The cognitive assessment and training market size is predicted to surge from $6.05 billion in 2024 to $7.59 billion in 2025, growing at a CAGR of 25.5%.
• This market is expected to reach $18.33 billion by 2029, with a CAGR of 24.7%.
• Principal growth factors encompass increasing healthcare expenditure, rising demand for brain training among the next-generation population and escalating investments.
What Is Driving The Growth In The Cognitive Assessment And Training Market?
The uptake of e-learning is a pivotal factor contributing to the expansion of the cognitive assessment and training market. E-learning fosters cognitive assessments, providing a snapshot of an individual's academic performance and aiding in tracking progress. The increasing adoption of e-learning has amplified the demand for cognitive testing. According to Eurostat, the Internet users engaged in online education in the EU rose from 28% in 2022 to 30% in 2023, thus propelling the market growth.
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Who Are the Key Players Driving Cognitive Assessment And Training Market Growth?
Major players in the cognitive assessment and training market include:
• Pearson plc
• Quest Diagnostics
• Koninklijke Philips N.V
• Cogstate Ltd
• CogniFit Ltd
• Cambridge Cognition Ltd
• MeritTrac Services Pvt Ltd
• Signant Health
• BrainCheck
• Lumos Labs, Inc.
What Are The Key Trends In The Cognitive Assessment And Training Market?
Key market trends include:
• Focused development of artificial intelligence
• Enhancement of mobile applications
• Execution of mergers and acquisitions
• Implementation of neuropsychological testing and assessment techniques
What Are The Segments Of The Global Cognitive Assessment And Training Market?
The cognitive assessment and training market is segmented as follows:
1) By Component: Solutions, Services
2) By Organization Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises
3) By Vertical: Healthcare And Life Sciences, Education, Corporate, Other Verticals
4) By Application: Clinical Trials, Learning, Research, Other Applications
Which Region Leads The Cognitive Assessment And Training Market?
North America commands the largest share in the cognitive assessment and training market as of 2024. However, the Asia-Pacific region is expected to witness faster growth in the forthcoming years.
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What Is Covered In The Cognitive Assessment And Training Market Global Market Report?
- Market Size Analysis: Analyze the Cognitive Assessment And Training Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cognitive Assessment And Training Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cognitive Assessment And Training Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cognitive Assessment And Training Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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