Sale
Massive Discounts! Up to 30% OFF on reports🎉

Cognitive Assessment and Training Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: June 2024 || SKU: ICT4476
excelpdfpowerpoint
180 pages
Report Summary
Table of Contents
List of Tables & Figures
Download Free Sample

The Cognitive Assessment and Training Market are segmented By Offering (Solution, Service), By Mode of Assessment (Online, Offline), By Type of Assessment (Pen and Paper-based Assessment, Biometrics Assessment, Hosted Assessment), By Application (Health & Clinical Assessment, Brain Training, Memory Assessment, Research, Classroom Learning, Corporate Learning, Others), By End-User(Healthcare, Education, Government, Corporate, Defense, Sports, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Cognitive Assessment and Training Market Overview

Global Cognitive Assessment and Training market to grow at a CAGR of 27.14% during the forecast period 2024-2031.

For early detection of indicators of cognitive impairment, cognitive assessment and training methods are used. These tools are usually used to evaluate a patient's psychological functioning and information processing speed. Old age, neurological diseases, and drug or pharmaceutical exposure can all contribute to these deficiencies.

The solutions include various evaluation, data analysis, and management technologies to help with cognitive training, sports management, and dementia early detection in individuals. Clinical trials, corporate teaching, classroom sessions, research, brain training, and diagnostics use them. Numerical reasoning tests, verbal reasoning tests, logical reasoning tests, diagrammatic reasoning tests, spatial reasoning tests, inductive reasoning tests, and deductive reasoning tests are the most frequently used cognitive tests.

 

Cognitive Assessment and Training Market Summary

Metrics

Details

Market CAGR

27.14%

Segments Covered

By Offering, By Mode of Assessment, By Type of Assessment,  By Application, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

To know more insights Download Sample

 

Cognitive Assessment and Training Market Dynamics

The tremendously growing prevalence of dementia among the elderly facilitates cognitive assessment and training solutions. Increasing the utilization of different solutions to detect learning difficulties and disabilities, such as dyslexia and dyscalculia in children, is another growth-inducing factor for the cognitive assessment and training market.

The tremendously growing prevalence of dementia among the elderly facilitates cognitive assessment and training solutions.

Dementia due to Alzheimer’s and other diseases is a leading cause of disability and an enormous health and societal problem. For instance, around 55 million individuals globally have dementia, with over 60% living in low- and middle-income nations. It is predicted to rise to 78 million by 2030 and 139 million by 2050, as the share of older people increases in practically every country. Thus the above number has created an urgent need for dementia treatments that are both effective and affordable at the same time.

Cognitive training (CT) is a non-pharmaceutical treatment that focuses on guided activities that target specific cognitive skills like memory, attention, and problem-solving. It's still uncertain if CT can assist persons with mild to severe dementia to keep or enhance their thinking, well-being, and overall functioning. However, With the global aging of populations, dementia prevalence is rising. It is estimated to continue to do so for much of the present century. The collateral damage in dementia is vast, thus creating immense market share for cognitive assessment and training solutions to grow in the forecast period.

Increasing utilization of different solutions to detect learning difficulties and disabilities, such as dyslexia and dyscalculia in children, is another growth-inducing factor for the cognitive assessment and training market.

Dyslexia affects 20% of the population and accounts for 80–90% of individuals with learning impairments. It's the most frequent of all neurocognitive conditions. For instance, according to Dyslexia Action (2017), the figure is more likely to be about 11.5 million people or 16 percent of the population.

According to Dyslexia Global (2017), dyslexia affects 5-10% of the global population of roughly 700 million people. Thus the growing number of dyslexia is more likely to create an urgent need for a proper diagnostic test in recent times. The impairment of cognitive processes focused on dyslexia is well studied, and ongoing research suggests that this deficit extends to a wide range of cognitive processes. However, more research on cognitive impairment in dyslexia is needed, particularly among Arabic-speaking people. Further research has been done on the diseases. Various key players are developing early disease detection technology to overcome the growing challenges caused by the disease, especially in children.

For instance, the Cognitive Assessment for Dyslexia Patients (CAB-DX) is a prominent professional tool that consists of a battery of tasks to promptly detect and measure the presence of dyslexia-related symptoms, features, or poor cognitive performance. The cutting-edge dyslexia online test is a useful tool for doing a comprehensive cognitive assessment, identifying cognitive strengths and weaknesses, and calculating the risk index of dyslexia.

The test is appropriate for children aged 7 and up, teenagers and adults. Anyone, whether professional or personal, can use this dyslexia assessment.

Growing technological advancements in healthcare create immense opportunities for cognitive assessment and training solutions.

Rapid improvements in computing technology have recently enabled researchers to use technology to undertake cognitive training and rehabilitation therapies. Cognitive training and rehabilitation programs have been implemented using various technologies, including virtual reality (VR), interactive video games, and mobile technology.

Enhancing accessibility and cost-effectiveness, providing an immersive and full user experience, and giving adaptive answers depending on individual performance are all potential benefits of employing technology-based therapies. Many computerized cognitive intervention programs are easily accessed through a computer or tablet.

The technology can objectively collect data during the intervention to provide real-time feedback to participants or therapists. Thus, the tremendously growing advancements in computing technology are expected to create immense opportunities for cognitive assessment and training in the forecast period.

COVID-19 Impact on Cognitive Assessment and Training Market 

The COVID-19 pandemic has presented several challenges and changed lives, affecting health, the economy, and social interactions and altering various sectors globally. However, growing evidence shows that people with severe COVID-19 might experience symptoms that last longer than the original sickness, even into the subacute and early chronic stages.

Long COVID is often referred to as "brain fog," with self-reported broad psychological symptoms such as low energy, difficulty concentrating, disorientation, and difficulty finding the proper words. Meanwhile, case studies have shown that COVID-19 patients can experience various neurological consequences, including stroke, encephalopathies, inflammatory syndrome, microbleeds, and immunological responses.

However, studies will establish whether COVID-19 infection is associated with cognitive deficits at the population level and how this differs from respiratory symptom severity. NIHR support enhanced the online assessment platform for remotely delivering cognitive exams, particularly for older persons and patients with cognitive and motor disorders, with cross-validation against regularly used neuropsychological scales.

Thus the outbreak of COVID-19 showed some positive opportunities for cognitive assessment and training solutions. However, the impact is still understudied, and future research will show the exact figures for the market.

Cognitive Assessment and Training Market Segmentation Analysis

The global cognitive assessment and training market is bifurcated based on offering, mode of examination, type of assessment, application, end-users, and region.

Pen-and-paper-based assessment holds a dominating market as the method follows a traditional approach, is easy to carry, and nullifies the maintenance and training issues associated with computers and tablets.

The global cognitive assessment and training market based on the type of assessment is segmented into biometrics assessment, hosted assessment, and pen and paper-based assessment. Out of the mentioned types, the pen-and-paper-based assessment segment holds a dominating position in the market. It is a traditional approach for rating an individual's cognitive behavior and is still widely used to assess cognitive decline.

Revenues from implementing and examining pen-and-paper-based cognitive assessment tests by doctors and other professionals, such as the Standardized Mini-Mental Status Examination, Alzheimer's disease Assessment Scale-Cognitive and clock drawing tests, are included in this sector. However, Traditional neuropsychological tests (NPTs) for cognition assessment have several drawbacks that limit their applicability. They take a long time to administer, are costly, and require highly skilled specialists.

As a result, testing is only available to a limited population. There are typically months-long wait times leading to market opportunities for other types of cognitive assessment segments available in the market. Hosted assessment segment is expected to account for the largest market share in the forecast period as it offers wide reach and has uniform techniques for cognitive assessment and training.

Cognitive Assessment and Training Market Geographical Share

The adoption of cognitive evaluation and training solutions and services in Asia-Pacific is fueled by rising awareness of mental health and cognitive skills in growing nations such as China, India, and Japan

Asia Pacific (APAC) is expected to increase at the fastest rate during the forecast period. The adoption of cognitive evaluation and training solutions and services in this region is fueled by rising awareness of mental health and cognitive skills in growing nations such as China, India, and Japan. Furthermore, the growing number of psychological patients requiring cognitive assessment and training in the Asia-Pacific is another factor adding to the market growth.

For instance, mental health issues are anticipated to overtake heart disease as the second most common cause of death in Malaysians by 2020. According to a national survey by the Ministry of Health, one in every three Malaysian adults aged 16 and above (29.2%) has a mental health problem, up from 11.2 percent in 2006. In addition, according to the World Health Organization, India accounts for about 15% of the global burden of mental, neurological, and substance addiction disorders.

According to a meta-analysis of community surveys, the prevalence of depression and anxiety could be as high as 33 per 1,000 people. In India, the treatment gap (the number of people who require therapy but do not receive it) ranges between 70 and 92 percent, depending on the state. Nearly one-third of people who seek aid from healthcare institutions are thought to be suffering from depression symptoms.

However, a lack of awareness of mental health symptoms, societal stigma, and proper resources and facilities prevent people from seeking help. Thus a growing number of mental health patients in the region is more likely to accelerate the demand for cognitive assessment and training in the APAC region.

Cognitive Assessment and Training Companies and Competitive Landscape

The cognitive assessment and training market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth include LearningRx, VeraSci, Lumos Labs, Inc., Signant Health, CogniFit, ImPACT Applications Inc., Cogstate Ltd., Quest Diagnostics Incorporated, Koninklijke Philips N.V., Medavante-Prophase Inc., ACE Applied Cognitive Engineering Ltd., Arrowsmith Program, Brain9D, BrainWare Learning Company and among others.

The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the growth of the cognitive assessment and training market globally.

  • For instance, in June 2020, Through brain mapping, ACE Applied Cognitive Engineering Ltd. developed a software-based brain training platform that helps players attain peak performance by training their brains to respond fast to key situations for player performance. The company's revenue will be increased due to the implementation of this service.

Sign Health

Overview: Signant Health is an evidence-generation company. The company uses software, deep therapeutic and scientific knowledge, and operational expertise to deliver high-quality evidence for clinical trials in traditional, virtual and hybrid trial models. Over 400 sponsors and CROs of various sizes, including all of the Top 20 pharmaceutical companies, have relied on Signant Health solutions for remote and site-based eCOA, eConsent, RTSM, supply chain management, and data quality analytics for more than 20 years.

Product Portfolio: The Company has a product portfolio of Cognitive Assessment and Training that includes:

  • Rater Station: Signant’s CNS-enhanced electronic clinician-reported outcome (eClinRO) solution, called Rater Station, has been utilized in dementia programs globally, including throughout Asia. Interviews, edit checks and alerts, automated scoring if necessary and on-screen instruction are all included in Rater Station's expanded eClinRO operations and features for clinician-administered scales. It integrates with the patient interaction platform, sponsor and site portals, and interactive response software (IRT).

Key Development

  • For instance, on June 29, 2021, Signant Health announced the Launch of the eCOA Acceleration Program & Remote Assessment Capabilities for CNS Studies.
Buy this report
Single User
$4350$3480
Multiple User
$4850$3880
Enterprise User
$7850$6280
Proceed to Buy
  Get Free Sample
  Request new version
  Customize Sample
  Demo Full Report
FAQ’s

  • The Cognitive Assessment and Training Market are expected to grow at a CAGR of 27.14% during the forecast period 2024-2031

  • The Key Players are Signant Health, LearningRx, VeraSci, Lumos Labs, Inc, CogniFit, ImPACT Applications Inc, Cogstate Ltd, Quest Diagnostics Incorporated, Koninklijke Philips N.V, ACE Applied Cognitive Engineering Ltd.
Related Reports
information-communication-and-technology iconinformation-communication-and-technology

Road Safety Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 February 13

Starting from

$4350

information-communication-and-technology iconinformation-communication-and-technology

Fall Protection Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 April 15

Starting from

$4350

information-communication-and-technology iconinformation-communication-and-technology

Corrosion Monitoring System Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 May 27

Starting from

$4350

information-communication-and-technology iconinformation-communication-and-technology

In Car Apps Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 April 15

Starting from

$4350

information-communication-and-technology iconinformation-communication-and-technology

Master Data Management Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 February 23

Starting from

$4350

information-communication-and-technology iconinformation-communication-and-technology

Email Encryption Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 March 04

Starting from

$4350