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(I-SoftwareNews.Com, October 31, 2018 ) MarketsandMarkets forecasts the cognitive assessment and training in healthcare market size to grow from USD 962.0 Million in 2016 to USD 4,127.2 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 33.8%. Major factors contributing to the growth of the market include aging global population, increasing awareness about brain fitness, and advancements in technology. These factors will drive the adoption rate of cognitive assessment and training in healthcare in the years to come.
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The cognitive assessment and training in healthcare market is segmented by assessment type, component, application, and region. The component segment is further classified into solutions and services. The various solutions are categorized into assessment, data management, project management, data analysis and reporting, and others (including rater training and prescreening solution). Among these, the assessment solution is expected to grow at the highest CAGR, as these solutions give convenient accessibility at home and do not require consulting from physicians. These solutions are used to monitor changes in the cognitive function, following the treatment with drugs or other types of interventions. The services include training & support and consulting. Training and support services are expected to grow at the highest growth rate during the forecast period. Cognitive assessment and training solution and service providers offer training and coaching services to deliver balanced cognitive rehabilitation solutions. The coaching and training segment comprises spreading awareness as well as educating the community and professionals about challenges related to brain and mental health.
The applications segment includes clinical trials, screening & diagnostic, brain training, and academic research (including patient recruitment and patient engagement). The screening and diagnostic application is expected to grow at the second highest CAGR during the forecast period. Screening tests are used for the detection of cognitive impairment. Early detection of cognitive disorders enables patients to take timely action and access to the available drug and non-drug treatments that may improve cognition. In contrast, diagnostic tests are performed when there are symptoms/signs that suggest conditions are present for cognitive impairment and a test is needed for diagnosis confirmation.
The global cognitive assessment and training in healthcare market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America to provide a region-specific analysis in the report. North America is expected to have the largest market share and would dominate the market from 2016 to 2021, due the growing number of vendors providing cognitive assessment and training in healthcare. The U.S. market holds a majority of the market share in terms of adoption as well as revenue generation in the North America market, due to the increased awareness among population and the growing demand for improving neuroplasticity of brain.
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The major vendors in the cognitive assessment and training in healthcare market include Cambridge Cognition Ltd. (Cambridge, U.K.), Cogstate Ltd. (New Haven, U.S.), Bracket (Pennsylvania, U.S.), MedAvante, Inc. (New Jersey, U.S.), Quest Diagnostic (New Jersey, U.S.), ProPhase, LLC (New York, U.S.), CogniFit (New York, U.S.), ERT Clinical (Pennsylvania, U.S.), NeuroCog Trials (North Carolina, U.S.), and Brain Resource Company (New South Wales, Australia). The companies adopted various strategies such as new product launches & enhancements, partnerships & agreements, and mergers & acquisitions to cater to the needs of the market.
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Mr. Shelly Singh
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Source: EmailWire.Com 
Source: EmailWire.com
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