Cognitive Assessment and Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cognitive Assessment and Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global cognitive assessment and training market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.2 Billion by 2028, exhibiting a growth rate (CAGR) of 24.9% during 2023-2028.

Cognitive assessment and training solutions are used for detecting the signs of cognitive impairment in the early stages. These solutions are primarily utilized for conducting a formal assessment of the patient’s psychological functioning and the speed of information processing. These impairments can be caused by old age, neural disorders and exposure to drugs or medicines. The solutions integrate various tools for assessment, data analysis and management that aid in cognitive training, sports management and early detection of dementia in individuals. They are administered during clinical trials, classroom sessions, corporate teaching, research, brain training and diagnostics.

The market is primarily being driven by the growing geriatric population and increasing awareness regarding the importance of maintaining brain fitness. The rising prevalence of dementia among the elderly is facilitating the adoption of cognitive assessment and training solutions as they enable easy and effective diagnosis and treatment of the disorder. Increasing utilization of the solutions to detect learning difficulties and disabilities, such as dyslexia and dyscalculia in children, is acting as another growth-inducing factor. Additionally, various technological advancements in the healthcare industry and the rising adoption of mobile-based IT systems are also providing a boost to the market growth. For instance, computerized cognitive assessments provide automated scoring, which aids in enhancing the detection accuracy and minimizing the chances of human error. Other factors, including rising healthcare expenditure and extensive research and development (R&D) activities, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cognitive assessment and training market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on assessment type, component, application and end-user sector.

Breakup by Assessment Type:

Pen- and Paper-Based Assessment
Hosted Assessment
Biometrics Assessment

Breakup by Component:

Solutions
Assessment
Data Management
Project Management
Data Analysis and Reporting
Others
Services
Training and Support
Consulting

Breakup by Application:

Clinical Trials
Classroom Learning
Corporate Learning
Brain Training
Research
Others

Breakup by End-User Sector:

Education
Healthcare
Corporate
Sports
Defense
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being CRF Bracket, Brain Resource Ltd., Cambridge Cognition Ltd, Cognifit, Cogstate Ltd., ERT Clinical, ImPACT Applications Inc., MedAvante-ProPhase Inc., Pearson Education, Prophase LLC, Quest Diagnostics Inc., etc.

Key Questions Answered in This Report:
How has the global cognitive assessment and training market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global cognitive assessment and training market?
What is the breakup of the market based on the assessment type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user sector?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cognitive assessment and training market and who are the key players?
What is the degree of competition in the industry?