Press release
Major Force in the Cognitive Diagnostics Market 2025: Rising Neurological Disorders To Accelerate Growth In The Cognitive Diagnostics Market
Cognitive Diagnostics Market Size
The market size for cognitive diagnostics has seen exponential growth recently. Forecasts project this market to further expand from its $5.07 billion value in 2024 to $6.25 billion in 2025, representing a compound annual growth rate (CAGR) of 23.1%. Factors contributing to this growth during the historical period may include a surge in cognitive disorder cases, advancements in neuroimaging technology, heightened consciousness about early diagnosis, an increasing elderly population, escalated government funded research, greater number of clinical trials, and a rising demand for tailor-made medicine.
Expectations suggest a significant surge in the cognitive diagnostics market size in the coming years. It's projected to rise to an impressive $14.25 billion by 2029, registering a compound annual growth rate (CAGR) of 22.9%. This upward trend over the forecast period can be credited to the increasing adoption of digital health technologies, heightened emphasis on preventative diagnostic measures, the escalating incidence of neurodegenerative diseases, advancements in biomarkers, the proliferation of telemedicine and remote monitoring, increased investment in research and development, and a rise in healthcare spending. Forecast period trends point towards the integration of AI and big data analytics, the development of digital cognitive assessment instruments, the growing reliance on wearable devices for cognitive surveillance, advancements in the identification of biomarkers, the surge in personalized and precision medicine, the growth of remote and telehealth diagnostics, the creation of combined care solutions, and a strengthening partnership between technology firms and healthcare providers.
What Key Elements Are Boosting Growth in the Cognitive Diagnostics Market?
The cognitive diagnostics market is anticipated to grow due to the increased occurrence of neurological disorders. These are health conditions that impact the brain, spinal cord and nervous systems, hence causing cognitive impairment, motor dysfunction, and sensory abnormalities. This upsurge in neurological diseases is linked to the rising prevalence of age-related diseases such as Alzheimer's and Parkinson's, as well as hereditary factors, exposure to environmental toxins, stress, improper diet, and physical inactivity. Cognitive diagnostics are employed to evaluate, identify, and supervise cognitive disorders for early detection and management of diseases like Alzheimer's and Parkinson's. For example, a report by the Alzheimer's Association, a U.S.-based nonprofit organization specialised in Alzheimer's care, support, and research, revealed that the number of Americans aged 65 or older diagnosed with Alzheimer's dementia increased from 6.5 million in 2022 to an estimated 6.9 million in 2024. Consequently, the surge in neurological conditions is fuelling the development of the cognitive diagnostics market.
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Who Are the Major Industry Players Fueling Cognitive Diagnostics Market Expansion?
Major companies operating in the cognitive diagnostics market are Cogstate Ltd., Viz.ai, Redcliffe Labs, Mind Maze, Neurocare Group AG, Pathway Genomics, Diadem srl, Cambridge Cognition Ltd., Posit Science Corporation, Anderson Diagnostics & Labs., Altoida AG, BrainScope Company Inc., Neurotrack Technologies Inc., Cognetivity Neurosciences Ltd., BrainCheck, Cyclops MedTech Pvt Ltd, Twill Inc., CN Diagnostics, Savonix Inc., Cognivue Inc., NeuroCog Trials, Pearson Clinical, Re:Cognition Health, CogniSense, The Neuropsychology Consultants
Which Key Developments Are Influencing the Cognitive Diagnostics Market?
Major firms in the cognitive diagnostics sector are concentrating on harnessing real-time cognitive health data through technological evolution in diagnostic instruments such as neuropsychological test platforms. These platforms aim to improve the precision, effectiveness, and comprehensiveness of cognitive evaluations. Neuropsychological test platforms are particular digital tools made to evaluate cognitive abilities via standardized tests, covering areas such as memory, attention, and problem-solving. For instance, in April 2024, American digital health firm BrainCheck Inc. launched its extensive digital cognitive evaluation platform at the American Academy of Neurology (AAN) Annual Meeting, exhibiting its progressive tools for cognitive screening, evaluation, and care planning. The platform consists of Assess, Screen, and Plan features and provides clinicians with a contemporary solution to expedite cognitive health management with mobile, digital technology guaranteeing ease of use and accuracy. This development aspires to improve the effectiveness and care quality for both patients and providers, proffering detailed, evidence-based suggestions, and overall care planning.
How Is the Segmentation of the Cognitive Diagnostics Market Defined?
The cognitive diagnosticsmarket covered in this report is segmented -
1) By Diagnosis: Brain Imaging Tests, Laboratory Testing, Mental Status Testing, Rapid Home Screening Tests, Neuropsychological Testing, Electroencephalogram (EEG), Cognitive Function And Behavioral Tests, Neuropsychiatric Inventory Questionnaire (NPI-Q)
2) By Indication: Alzheimer's Disease, Attention Deficit Or Hyperactivity Disorder, Dementia, Epilepsy-Related Cognitive Dysfunction, Mild Cognitive Impairment, Parkinson's Disease-Related Cognitive Dysfunction, Stroke-Related Cognitive Dysfunction, Traumatic Brain Injury, Other Indications
3) By End User: Hospitals, Neurology Clinics, Cognitive Behavioral Therapy Centers, Rehabilitation Centers, Academic And Research Institutes, Diagnostic Imaging Centers, Home Care Settings
Subsegments:
1) By Brain Imaging Tests: Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), Computed Tomography (CT) Scans, Functional MRI (fMRI), Single-Photon Emission Computed Tomography (SPECT), Magnetoencephalography (MEG)
2) By Laboratory Testing: Blood Biomarkers for Cognitive Disorders, Genetic Testing for Cognitive Impairment, CSF (Cerebrospinal Fluid) Biomarker Tests, Hormonal and Metabolic Testing, Genetic Sequencing for Alzheimer's Disease
3) By Mental Status Testing: Mini-Mental State Examination (MMSE), Montreal Cognitive Assessment (MoCA), Saint Louis University Mental Status (SLUMS) Exam, Cognitive Assessment Screening Tools
4) By Rapid Home Screening Tests: Self-Administered Cognitive Tests, Mobile App-Based Cognitive Screening, At-Home Memory and Mental Health Tests
5) By Neuropsychological Testing: Cognitive and Behavioral Assessment Batteries, Attention and Memory Function Tests, Executive Function and Problem-Solving Tests, Verbal and Visual Learning Tests
6) By Electroencephalogram (EEG): Resting-State EEG for Cognitive Disorders, Event-Related Potential (ERP) Testing, Quantitative EEG (QEEG) for Brain Mapping, Long-Term EEG Monitoring for Cognitive Disorders
7) By Cognitive Function and Behavioral Tests: Memory Function Tests, Attention and Concentration Tests, Language and Communication Tests, Mood and Behavior Assessments
8) By Neuropsychiatric Inventory Questionnaire (NPI-Q): NPI-Q for Dementia Screening, Behavioral and Psychological Symptoms of Dementia (BPSD) Assessment, NPI-Q for Alzheimer's Disease and Other Cognitive Disorders, Shortened Versions of NPI-Q for Clinical Settings.
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What Is the Leading Region in the Cognitive Diagnostics Market?
North America was the largest region in the cognitive diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cognitive Diagnostics Global Market Report?
- Market Size Analysis: Analyze the Cognitive Diagnostics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cognitive Diagnostics 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 Diagnostics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cognitive Diagnostics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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