Press release
Global Cognitive Assessment and Training Market is Projected to Grow at a Highest CAGR of 31.10% with Top Market Players, Latest Trend, Share, Size, Application and Forecast to 2024
The Global Cognitive Assessment and Training Market accounted for USD 1.80 billion in 2016 growing at a CAGR of 31.10% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.The cognitive assessment and training is a technique of assessing the IQ or level of intelligence, perceptual abilities, verbal and non-verbal skills along with other parameters. This test is used in order to detect cognitive impairment symptoms in patients. The factors which are helping the market to grow are increasing geriatric population, increasing awareness for brain fitness, advancement in the technology among others.
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Major Market Drivers & Restraints:
• Increasing Geriatric Population
• Increasing Awareness for Brain Fitness
• Advancement in Technology
• Stringent Government Regulations
• Time Constraint in Developing Clinically Validated Brain Fitness Software
• Negative Publicity About Brain Training Efficiency
Major Market Competitors:
Global Cognitive Assessment And Training Market Major Players are CRF Health, Cambridge Cognition Ltd, ERT Clinical, CogniFit, Brain Resource Company (BRC), NeuroCog Trials, Cogstate Ltd., Quest Diagnostics, Brackets, ProPhase, LLC., Pearson Education among others.
Market Segmentation:
On the basis of component, the global cognitive assessment and training market is further segmented into solutions, and services. Solutions segment is further sub segmented into assessment, data management, project management, data analysis & reporting and others. The services segment is further sub segmented into training & support and consulting.
On the basis of geography, global cognitive assessment and training market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
On the basis of application, the global cognitive assessment and training market is further segmented into clinical trials, classroom learning, corporate learning, brain training, research and others.
On the basis of vertical, the global cognitive assessment and training market is further segmented into education, healthcare, corporate, sports, defense and pharmaceuticals.
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Company Share Analysis:
The report for cognitive assessment and Training market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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