Press release
Cognitive Assessment And Training In Healthcare Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Cognitive Assessment And Training In Healthcare Market
The anticipated rise in the occurrence of dementia is predicted to stimulate expansion of the cognitive assessment and training sector in the healthcare market. Dementia, a collection of neurological conditions marked by a deterioration in cognitive abilities such as memory, reasoning, problem-solving, language and capability to carry out daily tasks, fuels this expectation. Cognitive assessment instruments are useful for identifying early indicators of cognitive impairment that might signal dementia, and they're also employed to watch the progression of dementia and observe cognitive function transformations over time. They aid healthcare professionals in modifying treatment strategies and offering suitable assistance as the illness advances. For example, Alzheimer's Research UK, a charity based in the UK, noted in June 2023 that undertakings estimate that by 2040, over 1.2 million people in the UK will be stricken with dementia. This indicates a notable surge in the disease's prevalence, translating to a 30% increase from the figures documented in 2022. Therefore, the rise in dementia cases is projected to stimulate the cognitive assessment and training sector's expansion in the healthcare market.
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What growth opportunities are expected to drive the cognitive assessment and training in healthcare market's CAGR through 2034?
The scale of the cognitive assessment and training in healthcare sector has experienced explosive growth lately. The market value is projected to surge from $5.74 billion in 2024 to $7.62 billion in 2025, employing a compound annual growth rate (CAGR) of 32.6%. Factors such as the massive increase and complexity of data, intricate IT infrastructure, the need for prompt issue solving, efficiency-driven automation, and the emergence of devops practices have contributed to the significant growth in the historic period.
The market size of cognitive assessment and training in healthcare is projected to witness remarkable growth in the imminent years, reaching $20.63 billion in 2029 with a compound annual growth rate (CAGR) of 28.3%. This expected growth during the forecast period can be linked to its integration with aiops, hybrid and multifaceted cloud environments, a focus on comprehensible AI, improved predictive analytics and integration with edge computing. The forecast period is also expected to see influential trends including developments in AI and ML technologies, its strategic role in digital evolution, intent-based networking (IBN), autonomous operations and the use of aiops in IT operations.
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What trends are poised to drive the future success of the cognitive assessment and training in healthcare market?
Leading firms in the cognitive assessment and training sector within healthcare are directing efforts towards the invention of ground-breaking products equipped with progressive technologies such as artificial intelligence (AI). This venture enhances the precision and personalization of cognitive evaluations, making way for more targeted and efficient cognitive training regimens for patients. Artificial intelligence is employed in cognitive assessment and training tools in healthcare, which are AI-based cognitive appraisal instruments that offer customized insights and administer bespoke cognitive training courses for individuals, thereby promoting cognitive health and overall wellness. As an illustration, in February 2023, Cognetivity Neurosciences Ltd., a medical technology firm based in the UK, launched CognICA, an AI and machine learning-powered platform for screening brain health. Designed for medical, commercial, and consumer environments, this platform facilitates the early detection of cognitive impairment, thus enabling timely interventions and long-term treatment management.
Which growth-oriented segments of the cognitive assessment and training in healthcare market are leading the industry's development?
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
Subsegments:
1) By Solution: Cognitive Assessment Tools, Cognitive Training Software, Mobile Apps For Cognitive Training, Neuropsychological Assessment Solutions
2) By Services: Consulting Services, Implementation And Integration Services, Training And Support Services, Custom Assessment And Training Programs
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What regions are leading the charge in the cognitive assessment and training in healthcare market?
North America was the largest region in the cognitive assessment and training in the healthcare market in 2024. 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.
What companies are at the forefront of innovation in the cognitive assessment and training in healthcare market?
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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What Is Covered In The Cognitive Assessment And Training In Healthcare Global Market Report?
• Market Size Forecast: Examine the cognitive assessment and training in healthcare market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cognitive assessment and training in healthcare market for a structured understanding.
• Key Players Overview: Analyze major players in the cognitive assessment and training in healthcare market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cognitive assessment and training in healthcare market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cognitive assessment and training in healthcare market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cognitive assessment and training in healthcare market.
• Industry Challenges: Identify potential risks and obstacles affecting the cognitive assessment and training in healthcare market.
• Competitive Landscape: Review strategic developments in the cognitive assessment and training in healthcare market, including expansions, agreements, and new product launches.
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